UBS has estimated a financial hit of approximately $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing. The Swiss banking giant has flagged a total negative impact of around $13 billion in fair value adjustments of the new combined entity’s assets and liabilities, along with a potential $4 billion hit
The San Antonio Spurs won the 2023 NBA draft lottery on Tuesday night, giving them the No. 1 overall pick and the opportunity to select French super-prospect Victor Wembanyama. This marks the third time in franchise history that the Spurs have held the No. 1 pick, having previously selected David Robinson in 1987 and Tim
Stellantis, the parent company of Vauxhall, has called on the UK government to renegotiate its Brexit deal with the EU. The company has expressed concerns about the future of UK plants and their ability to meet the trade rules on where parts are sourced. In a submission to a parliamentary committee’s inquiry on electric vehicle
Tom Hanks recently spoke about the potential for AI technology to allow him to continue appearing in new films even after his death. During an interview on The Adam Buxton Podcast, Hanks discussed the possibility of creating a series of seven movies that would star him in his current age and also at the age
The Tokyo Price Index, or Topix, has hit its highest point since August 1990, indicating that foreign investors have returned to the Japanese equity market. The broad-based index, composed of about 2,000 constituents, has climbed more than 6% since the beginning of the year, outperforming its regional peers in the Asia-Pacific. On Tuesday, the Topix
The Memphis Grizzlies have suspended star player Ja Morant from all offseason team activities following the emergence of a video on social media showing him holding a firearm. NBA Commissioner Adam Silver described himself as “shocked” by the video, which surfaced less than two months after he met with Morant to discuss a similar incident
Elon Musk, the owner of Twitter, has stated that he is unconcerned if his tweets cause Tesla buyers and Twitter advertisers to be put off. Musk has been known to tweet controversial content, including conspiracy theories and comments that have been deemed discriminatory by critics. His latest tweet has drawn criticism after he likened liberal
Following Tesla’s annual shareholder meeting, Elon Musk gave a lengthy interview to CNBC anchor David Faber. During the conversation, Musk discussed his takeover of Twitter and the challenges he has faced. He shared that Twitter’s Community Notes feature has cost the company $40 million in business due to false advertising accusations made against two major
John Djahanshah Refoua, an Oscar-nominated film editor who worked on blockbuster movies such as Avatar and Avatar: The Way of Water, has passed away at the age of 58. His wife, Serena Refoua, confirmed that he had been diagnosed with cholangiocarcinoma, a rare bile cancer. In a Facebook post, Serena shared the news of her
According to new data from the Financial Conduct Authority (FCA), nearly 11 million UK adults have struggled to keep up with bills and credit repayments since the start of the year. This represents one in five adults who have found financial commitments to be a heavy burden. The number of people struggling has significantly increased