UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Switzerland's biggest bank is in advanced discussions to keep dozens of Credit Suisse's senior dealmakers in countries including South Korea, Thailand, Vietnam and India following its planned takeover, the source told Reuters on Monday, requesting

World Business June 5, 2023

LONDON (Reuters) -- The World Health Organization on Friday declared an end to COVID-19 as a global health emergency, marking a major step toward the end of the pandemic that has killed more than 6.9 million people, disrupted the global economy and ravaged communities. The WHO's Emergency Committee met on Thursday and recommended the UN agency declare an end to the coronavirus crisis as a "public health emergency of international concern," which has been in place for over three ye

Social Affairs May 6, 2023

Russia's foreign ministry on Friday criticised a nuclear agreement between the United States and South Korea, saying it would destabilise the region and the wider world, and warned of a potential arms race as a result. The United States on Wednesday pledged to give South Korea more insight into its nuclear planning, while Seoul promised not to seek nuclear weapons itself in an agreement both sides said was aimed against North Korea. Russia has repeatedly railed against what it sees as the U

World News April 28, 2023

China expressed "strong dissatisfaction" to South Korea over its joint statement with the United States about the need for peace and stability in the Taiwan Strait, a foreign ministry statement said on Friday. Department of Asian Affairs Director-General Liu Jinsong met with South Korean Embassy Minister Kang Sang-wook on Thursday evening to emphasise China's stance on Taiwan and urged South Korea to strictly adhere to the "One-China" principle, the ministry said. South

World News April 28, 2023

Computer-memory company Netlist convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics's infringement of several patents related to improvements in data processing. The jury in Marshall, Texas determined after a six-day trial that Samsung's "memory modules" for high-performance computing willfully infringed all five patents that Netlist accused the Korean tech giant of violating. Representatives for the companies did not immed

Technology April 22, 2023

Any decision by South Korea to supply arms to Ukraine would make Seoul a participant in the conflict, the Kremlin said on Wednesday, after President Yoon Suk Yeol opened the door to such deliveries. South Korea has denounced Russia's invasion of Ukraine and supplied economic and humanitarian aid to Kyiv, but unlike the United States and European allies has so far stopped short of sending weapons. In a Reuters interview on Tuesday ahead of a visit to Washington next week, Yoon said Seoul wou

Defense April 19, 2023

SAN FRANCISCO -- Intel Corp co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel and Moore's family philanthropic foundation said he died surrounded by family at his home in Hawaii. Co-launching Intel in 1968, Moore was the rolled-up-sleeves engineer within a triumvirate of technology luminaries that eventually put "Intel Insi

World News March 25, 2023

Belarus' state-run BelTA news agency reported that a Ukrainian S-300 missile had fallen onto the territory of Belarus on Thursday during one of Russia's largest missile attacks against Ukraine since the start of the war. The Minsk defence ministry was investigating whether Belarus' air defence systems had shot down the rocket or it was a misfire. The incident occurred between 10 and 11 a.m. (0700-0800 GMT) - around the time Russia was firing scores of missiles towards Ukraine. B

World News Dec. 29, 2022

Chinese President Xi Jinping on Wednesday criticised Canadian Prime Minister Justin Trudeau in person over alleged leaks of their closed-door meeting at the G20 summit, a rare public display of annoyance by the Chinese leader. In video footage published by Canadian broadcasters, Xi and Trudeau can be seen standing close to each other and conversing via a translator at the summit on the Indonesian island of Bali. "That is not appropriate, and we didn't do it that way," Xi said in Mand

World News Nov. 17, 2022

A fuel tank was on fire on the Kerch bridge in Crimea early on Saturday, Russia’s RIA state news agency reported, while Ukraine’s media reported an explosion. “According to preliminary information a fuel tank on fire onone of the sections of the Crimean bridge, the shipping arches are not damaged,” RIA reported citing a local official. Traffic on the bridge was suspended. Ukraine’s media reported that a blast took place on the bridge at around 6 a.m. (0300 GMT). Reu

International Oct. 8, 2022

LONDON -- The strongly pro-Kremlin editor of Russia's state-run RT news channel expressed anger on Saturday that enlistment officers were sending call-up papers to the wrong men, as frustration about a military mobilization grew. Wednesday's announcement of Russia's first public mobilization since World War Two, to shore up its faltering Ukraine war, has triggered a rush for the border, the arrests of over 1,000 protesters, and unease in the wider population. It is also attracting

Foreign Affairs Sept. 25, 2022

LONDON -- Teenager Olivia Burch waited for hours in a queue with other mourners to pay a final tribute to Queen Elizabeth as her body lay in state. But despite that devotion, she thought Britain should no longer have a monarchy. "I think it's gone. It's too traditional and old--fashioned, and I don't think we can spend so much money on a family with no more right to be here than anyone else," said the 19--year--old Londoner, one of hundreds of thousands who waited in line to file past

Foreign Affairs Sept. 20, 2022

Mikhail Gorbachev, who ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, died on Tuesday at the age of 91, hospital officials in Moscow said. Gorbachev, the last Soviet president, forged arms reduction deals with the United States and partnerships with Western powers to remove the Iron Curtain that had divided Europe since World War Two and bring about the reunification of Germany. But his internal reforms helped weaken the Soviet Union to the point whe

Foreign Affairs Aug. 31, 2022

WASHINGTON- President Joe Biden said on Wednesday the US government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for the WhiteHouse. The move could boost support for his fellow Democrats in the November congressional elections, but some economists said it may fuel inflation, and some Republicans in the US Congress questioned whether the president had the legal authority to cancel the debt. Debt forgivene

Foreign Affairs Aug. 25, 2022

Battles over abortion shifted to state courts on Monday after the US Supreme Court overturned the constitutional right to the procedure nationwide, as judges blocked statewide bans in Louisiana and Utah and clinics in Idaho, Kentucky, Mississippi and Texas sued seeking similar relief.  The six are among the 13 states with "trigger laws" designed to ban or severely restrict abortions once the Supreme Court overturned the landmark 1973 Roe v. Wade ruling that recognized right to th

Foreign Affairs June 28, 2022