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Canada At A Crossroads: Leadership Transition As Trudeau To Resign 01/07/2025

UK Government Cracks Down On Deepfake Technology With New Criminal Offenses To Protect Women And Girls 01/07/2025

U.S. Federal Reserve Shifts Focus To Stabilization Amid Economic Uncertainty 01/08/2025

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Business & Finance

Credit Suisse bondholders getting ready to sue the bank

Bondholders of the Swiss bank Credit Suisse are allegedly preparing to sue the institution, according to the CNBC TV channel. The valuation of the $17 billion in AT1 bonds (unsecured perpetual bonds) issued by the bank will probably be written down to zero, according to a statement made last Sunday...

EU Court Orders Mercedes To Pay Compensation In Diesel Lawsuit

If a purchaser experienced damages as a result of Mercedes Benz's improper installation of devices that reduce exhaust recirculation in diesel vehicles, the carmaker will be required to make restitution, judged the Court of Justice of the European Union (ECJ). An owner of a used Mercedes initially...

General Motors' Business In China Is Not Going Well

One of the two primary profit generators for the Detroit automaker and its top sales market for more than ten years, China, is losing ground to competitors. It fell below 10% for the first time since 2004 when the company's market share in the nation, including its joint ventures, fell...

EY's Now Halted Partition Is The Subject Of A $2.7 Billion London Lawsuit

The administrators of troubled hospital operator NMC Health PLC filed a $2.7 billion lawsuit in London over concerns that EY would not be able to make payments if it lost the case, bringing EY's plans to separate its auditing and consulting arms into the legal fray. Although reports this...

Switzerland's Covert Bail Out Of Credit Suisse Impacts The Global Financial World

Switzerland's political elite were covertly planning a move that would shock the world days before a hastily called press conference late on Sunday that would make headlines around the world. Behind closed doors, a race to save the country's second-largest bank was underway even though...

London Metal Exchange finds bags of stones instead of nickel in Rotterdam warehouse

The London Metal Exchange (LME) found sacks with stones rather than nickel in a Rotterdam warehouse. The LME was earlier informed that bags of stones, rather than nickel briquettes, were part of a shipment from a warehouse in Rotterdam. According to Bloomberg, the warehouse's operator is Access...

Joining The "Biggest-Ever" US Business Mission To Vietnam Will Be Spacex, Netflix, And Boeing

Among the businesses participating in the "biggest-ever" US business mission to Vietnam next week to discuss investment and sales opportunities in the developing Southeast Asian country are SpaceX, Netflix, and Boeing, according to the organizer. According to a list seen by Reuters, more...

What Transpired At Credit Suisse, And How Did The Situation Get So Bad?

A decline in its shares and bond prices, which heightened concerns about a potential global banking crisis, prompted Credit Suisse to announce it would borrow up to $54 billion from the Swiss central bank to boost liquidity. According to analysts, that might not be sufficient. The...

U.S. Justice Department opens investigation into Silicon Valley Bank

The U.S. Justice Department is looking into the collapse of Silicon Valley Bank, the biggest bankruptcy since the 2008 financial crisis, report two sources of The New York Times. The probe is still in its early stages, and it is unclear where federal investigators and prosecutors will concentrate...

TwentyTwo Real Estate Restructures to Boost Growth and Meet New Strategic and Environmental Challenges

With €4.5 billion assets under management, TwentyTwo Real Estate has established itself in 10 years as a major player in real estate investment and management with high added value across all asset classes. To bolster further expansion, the firm is reorganizing with a focus on three divisions, to...