UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse’s dealings with personal funding agency Archegos Capital Management, the
Category: Business
Türkiye to review spending as budget deficit widens to record
Türkiye’s finances widened to a file deficit in June, in keeping with official information Monday that comes as the federal government launched into a path
Altice founder Armando Pereira held in Portugal for alleged corruption
Telecoms group Altice’s co-founder Armando Pereira has been detained in Portugal, native media mentioned on Friday, as a part of an investigation into alleged corruption,
Turkish Consumer Protection Board fines company 44 million liras for deceptive advertisements
In Advertising Board assembly held on July 11, 2023, they applied varied administrative sanctions, together with entry restrictions, for commercials and unfair business practices that
Bank of England says UK is coping with higher interest rates
The Bank of England (BoE) stated on Wednesday that Britain’s financial system is up to now proving resilient to a surge in rates of interest
Bank of England warns of rising stress among indebted businesses as interest rates surge
The Bank of England on Wednesday issued a warning about rising indicators of stress amongst closely indebted customers and smaller companies as rates of interest
A wasted opportunity? Italy’s EU funds bonanza hits the rocks
Italy’s hopes of reworking its financial system with billions of euros of European Union pandemic restoration funds are unraveling quick, companies on the bottom say,
Zara owner boosts sustainability goals as fast-fashion feels the heat
Zara proprietor Inditex boosted its sustainability targets on Tuesday, saying it could make all its textile merchandise from fibres which have a “reduced impact on
Türkiye’s current account deficit widens to over $7.9B in May
Türkiye’s present account registered a deficit of $7.93 billion in May, greater than forecasted, official knowledge confirmed Tuesday. The shortfall widened from $5.4 billion in
Türkiyes unemployment rate drops to 9.5%, reaching lowest level since march 2014
Türkiye‘s unemployment charge decreased to 9.5% in May, the bottom stage since March 2014, a 0.5 proportion factors down from April. The nation’s unemployment charge