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The Latest Breaking News from Zurich

Credit Suisse shares slump 64% after UBS deal

LONDON/ZURICH: Shares in Credit Suisse dropped 64% after the market opened on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.

Bangkok Post

UBS takeover of Credit Suisse: the main points

Zurich (AFP) - The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.

AFP

Credit Suisse: a bank sunk by scandals

Zurich (AFP) - Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.

AFP

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UBS against the clock in Credit Suisse takeover talks

Zurich (AFP) - UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.

AFP

UBS and Credit Suisse: similar Swiss banks with differing fortunes

Zurich (AFP) - UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar.

AFP

UBS in talks to save Credit Suisse

Zurich (AFP) - Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank, in a bid to reassure investors before the markets open next week, several media reported Saturday.

AFP

Crunch weekend for crisis-hit Credit Suisse

Zurich (AFP) - Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.

AFP

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Credit Suisse at a crossroads as stocks slide again

Zurich (AFP) - Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.

AFP

Credit Suisse bounces back but caution lingers

Zurich (AFP) - Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

AFP

Credit Suisse bounces back but investors cautious

ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Bangkok Post

Credit Suisse says it will borrow up to $53.7bn from central bank

ZURICH: Credit Suisse announced Thursday that it would borrow almost US$54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.

Bangkok Post

Credit Suisse to borrow up to $54bn amid banking crisis fears

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

Al Jazeera

Credit Suisse woes rock Wall Street

Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.

Bangkok Post

Major letting agreed at former Zurich Insurance HQ in Gloucestershire

Polo Works, a commercial insurance service provider, will move 300 of its staff into the Grange business park this summer

Birmingham Post

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Motorsport

Alfa Romeo’s mystery F1 2023 launch floor was a total fake

The Hinwil-based operation was the first squad to unveil a genuine 2023 challenger earlier this year at an event it held in Zurich.

Autosport

Alfa Romeo's mystery F1 2023 launch floor revealed as a fake

The Hinwil-based operation was the first squad to unveil a genuine 2023 challenger earlier this year at an event it held in Zurich.

The Independent UK

Lewis Capaldi ‘devastated’ after doctor advises him to postpone Zurich and Milan shows

‘As lots of you know for the past few nights of tour I’ve been really struggling with my voice,’ singer wrote

Evening Standard

Lewis Capaldi issues apology to fans as he postpones two gigs after bronchitis diagnosis: ‘I’m devastated’

The singer has postponed his Zurich and Milan shows in the wake of his health woes

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Manchester Evening News

Lewis Capaldi left 'devastated' after he's forced to postpone Zurich and Milan shows due to ill health

The Scottish singer announced the devastating news on his social media on Monday

Daily Record

Lewis Capaldi issues heartfelt apology to fans as bronchitis diagnosis sees two world tour gigs postponed

The Pointless singer admitted he was "absolutely devastated" to postpone his Zurich and Milan shows due to advice from the "voice doctor" after a bronchitis diagnosis.

The Guardian - UK

In living colour: the forgotten photographs of Werner Bischof

The photographer’s colour images have been restored by his son, and document the rubble of Europe after the second world war and much more

The Guardian - UK

Bankers on trial in Zurich accused of aiding man known as ‘Putin’s wallet’

Four Gazprombank executives accused of ‘due diligence’ failure in helping Sergey Roldugin deposit millions of Swiss francs

The Guardian - UK

‘One billionaire at a time’: inside the Swiss clinics where the super-rich go for rehab

The long read: For the ultra-wealthy and the super-famous, regular therapy won’t do

AFP

Nestle, Absolut owner to hike prices again amid high costs

Zurich (AFP) - Swiss food giant Nestle and liquor group Pernod Ricard, owner of Absolut vodka and Jameson whiskey, announced fresh price hikes on Thursday due to inflation even as consumers across the world face a cost-of-living crunch.

AFP

Inflation nibbles at Nestle margins

Zurich (AFP) - Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.

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