Humza Yousaf wins leadership election of Scotland’s ruling party, set to lead the country

Newly appointed leader of the Scottish National Party (SNP), Humza Yousaf, speaks following the SNP Leadership election result announcement at Murrayfield Stadium in Edinburgh on March 27, 2023. Andy Buchanan | Afp | Getty Images Humza Yousaf on Monday was elected the new head of the Scottish National Party, promising in a speech to bring … Read more

Activision shares jump as British competition regulator drops key concern on Microsoft takeover

An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into the Microsoft’s Xbox One video game console arranged in Denver, Colorado, on Wednesday, Jan. 19, 2022. Michael Ciaglo | Bloomberg | Getty Images Shares of activision blizzard surged Friday, after the UK’s Competition and Markets Authority narrowed the scope of its investigation … Read more

Bank of England hikes interest rates by 25 basis points after inflation surprises

LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent high inflation against the backdrop of concerns over the banking system. The Monetary Policy Committee voted 7-2 in favor of raising the Bank rate to 4.25%, in a widely anticipated move after official data on … Read more

French government narrowly survives no-confidence vote amid backlash over pension changes

French President Emmanuel Macron arrives to attend the National Roundtable on Diplomacy at the Foreign Ministry in Paris on March 16, 2023. Michael Euler | Afp | Getty Images The government of French President Emmanuel Macron narrowly survived a no-confidence vote Monday evening, as furious opposition lawmakers contested his decision to force changes to the … Read more

UBS shares reverse losses, Credit Suisse craters 55% after takeover deal

The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arndt Wiegmann | Getty Images News | Getty Images UBS Shares staged a remarkable rally Monday afternoon, reversing steep losses after the bank’s 3 billion Swiss franc ($3.2 billion) “emergency rescue” of embattled domestic rival Credit Suisse, Shares of … Read more

Credit Suisse sheds another 8% as traders digest emergency liquidity

A Credit Suisse Group AG office building at night in Bern, Switzerland, on Wednesday, March 15, 2023. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse shares fell 8% on Friday, after soaring over the previous session as the embattled lender said it would borrow up to 50 billion Swiss francs ($54 billion) from the … Read more

President Erdogan says Turkey will start ratifying Finland’s NATO application

Turkish President Tayyip Erdogan Murat Cetinmuhurdar | Reuters Turkey’s President Recep Tayyip Erdogan on Friday approved Finland’s accession to NATO after months of talks, but added that discussions with Sweden would continue. “We have decided to initiate the ratification of Finland’s accession process to NATO in our parliament,” Erdogan said in Ankara, according to a … Read more

French President Macron overrides parliament to pass retirement age bill

Members of Parliament of left-wing coalition NUPES (New People’s Ecological and Social Union) hold placards during a speech by France’s Prime Minister Elisabeth Borne (C), as she confirmed the government would pass its controversial pension reforms without a vote in the National Assembly on March 16, 2023. Alain Jocard | Afp | Getty Images French … Read more

Credit Suisse shares soar over 18% on Swiss National Bank loan announcement

A Credit Suisse Group AG bank branch in Bern, Switzerland, on Thursday, March 16, 2023. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse Shares soared more than 30% at Thursday’s market open after the bank said it would borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. The Swiss-listed … Read more

European Central Bank hikes rates despite market mayhem, pledges support if needed

Christine Lagarde, president of the European Central Bank (ECB), pauses during a rates decision news conference in Frankfurt, Germany, on Thursday, March 16, 2022. Alex Kraus | Bloomberg | Getty Images The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to supply liquidity to banks … Read more

UK bans TikTok on government devices following US move

The UK plans to ban TikTok on government phones following similar moves in the US and European Union. Dan Kitwood | Getty Images News | Getty Images LONDON — The United Kingdom on Thursday announced plans to ban the use of Chinese-owned video app TikTok on government corporate devices. Cabinet office minister Oliver Dowden said … Read more

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