Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business | AP News

Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business | AP News

GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Chairman Romeo Lacher expressed “regret” during a presentation Thursday on the bank’s 2023

Continue reading

India’s government announces a short-term budget until national elections are held by May | AP News

India’s government announces a short-term budget until national elections are held by May | AP News

NEW DELHI (AP) — India’s finance minister unveiled on Thursday a short-term budget to meet government expenditures until national elections are held by May, saying it will boost spending on infrastructure projects, build homes for poor villagers and cut the fiscal deficit by reducing subsidies.Nirmala Sitharaman announced plans to raise skills for young people and

Continue reading

Norway’s most powerful storm in over 30 years rips roofs off houses, cuts power | AP News

Norway’s most powerful storm in over 30 years rips roofs off houses, cuts power | AP News

COPENHAGEN, Denmark (AP) — Norway’s most powerful storm in more than three decades ripped off roofs, heightened avalanche risks, canceled flights and cut power as it raged in parts of the Scandinavian country Thursday.Hurricane-force winds brought gusts of up to 180 kilometers (112 miles) per hour in some places. A new national wind speed record

Continue reading

Member of Taiwan’s pro-unification Nationalists elected speaker in a consolation prize for China | AP News

Member of Taiwan’s pro-unification Nationalists elected speaker in a consolation prize for China | AP News

TAIPEI, Taiwan (AP) — Han Kuo-yu of Taiwan’s pro-unification Nationalists was elected speaker of the island’s legislature on Thursday, a sort of consolation prize for China, which claims the self-governing democracy as its own territory. The Nationalists, also known as the Kuomintang or KMT, won 52 of the legislature’s 113 seats in a Jan. 13

Continue reading

Germany: Hundreds of flights canceled after security staff strike | AP News

Germany: Hundreds of flights canceled after security staff strike | AP News

BERLIN (AP) — Security workers at most of Germany’s major airports walked off the job Thursday in a one-day strike to step up pressure in a pay dispute, prompting widespread flight cancellations.The ver.di union, which announced the walkout on Tuesday afternoon, called on workers to strike at 11 airports: Frankfurt, Berlin, Cologne, Duesseldorf, Hamburg, Stuttgart

Continue reading

South Korean court convicts 23-year-old man in car-and-stabbing attack that killed 2 and injured 12 | AP News

South Korean court convicts 23-year-old man in car-and-stabbing attack that killed 2 and injured 12 | AP News

SEOUL, South Korea (AP) — A South Korean judge convicted a man of murder Thursday for an unprovoked car-and-stabbing rampage that killed two people and injured 12 others in a city near Seoul last year.Prosecutors had sought a death penalty for 23-year-old Choi Won-jong, who was arrested in August after he rammed his car into

Continue reading

Tokyo’s fish market opens long-awaited seafood restaurants and spa to attract more visitors | AP News

Tokyo’s fish market opens long-awaited seafood restaurants and spa to attract more visitors | AP News

TOKYO (AP) — Tokyo’s fish market on Thursday opened a long-awaited outer section with Japanese-style seafood restaurants and a spa for relaxation, as the wholesale venue that has struggled since relocating from the beloved Tsukiji market seeks to lure more visitors.Toyosu Senkyaku Banrai includes a food court resembling an Edo samurai-era street, lined with about

Continue reading