CNN — BERLIN -— Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank […]
New York CNN — Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won’t reverberate evenly across the economy. The Fed has seen some success: Inflation has cooled for eighth consecutive months, according to the […]
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN — He’d spent years backpacking around the world, and Japanese traveler Daisuke Kajiyama was finally ready to return home to pursue his long-held dream of opening […]
Hong Kong CNN — China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay the release of its annual results because it still can’t get in touch with its founder. Bao Fan, 52, started the boutique investment bank in 2005 and has been unreachable since […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Americans have grown used to corporate executives treading the well-worn paths of the Northeast […]
CNN — It has almost never been as hard to buy a new or used car in the United States as it is today, despite improving supply issues and inflation beginning to steady. Vehicle transaction prices — the price you actually end up paying after any dealer discounts or markups — have been climbing higher […]
Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse (AMJL) by UBS Group, the office of the attorney general said Sunday. The prosecutor, based in the Swiss capital Bern, is looking into potential breaches of the country’s criminal law by government officials, regulators and executives at the two banks, which […]
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN — Overwhelmed by its own popularity, Amsterdam is ramping up its push to re-brand its “go wild” and “no rules” image. Drunken Brits are being told […]
CNN — The US Centers for Disease Control and Prevention is sending personnel to Africa to help stop outbreaks of Marburg virus disease and urging travelers to certain countries to take precautions. Equatorial Guinea and Tanzania are facing their first known outbreaks of Marburg virus, a viral fever with uncontrolled bleeding that’s a close cousin […]
CNN — The US has bolstered its military forces in the Middle East following a series of attacks on US troops in Syria attributed to Iranian-affiliated militias, the Pentagon said Friday. A squadron of A-10 attack aircraft are deploying to the region ahead of a scheduled deployment. The deployment of the attack aircraft was expedited […]
