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Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

Clock ticking for private equity firms to spend through tougher times

The shift is profound for an asset class that for more than a decade was flooded with cash from investors hunting yield in a low-interest rate environment

US suggests EU consider using export controls to target China: Report

The conversations came up as European Union and US officials are negotiating the agenda for their next high-level trade forum in early December.

China's economy weakens, signs point to more strain ahead amid Covid curbs

Both the official manufacturing purchasing managers index and the non-manufacturing gauge, which measures construction and services activity, fell in the month to 49.2 and 48.7, respectively

Why it might be better to mine the world's rainforests than farm them

Some 6,732 sq km of Indonesian forest has been granted to nickel mining concessions, a coalition of environmental groups wrote in a July letter to Tesla Inc.

The world's food security is at stake as Russia exits Ukraine grain deal

The sudden move by Russia has left leaders scrambling to rescue the UN-and-Turkey-brokered agreement credited with saving vulnerable populations from risk of starvation.

New UK PM Sunak faces dose of reality as economic, political woes mount

The new premier, Sunak's economic policy is set to face scrutiny as the Bank of England delivers what could be its biggest interest-rate hike in more than 30 years

Africa shows how hard it's becoming to pump crude oil: Report

Crude production in western Africa has fallen by one-third since 2010 and is expected to drop again this year

China revises law on women safety, a first in decades: Report

An earlier draft banned employers from stating gender preferences in job ads or asking female applicants about their marital or pregnancy status

UK in recession? Feels pinch of biggest interest rate hikes in 33 years

Economists and investors expect the UK central bank to raise its benchmark lending rate by three-quarters of a percentage point to 3 per cent on November 3

Workers leave biggest iPhone plant in China to escape Covid curbs

At least six counties and cities in Henan asked residents who just left Foxconn to contact local authorities before going home. Workers will be sent to several days of mandatory isolation: Officials

Musk's Twitter will be different; chaos of deal just preview of what's next

Musk has already axed much of Twitter's leadership team, including its chief executive officer, and plans to be CEO himself in the immediate term, according to people familiar with the matter

Xi Jinping kicks off third term with a flurry of diplomatic activity

China will host a flurry of top foreign leaders this week, as President Xi Jinping kicks off a norm-busting third term during which he's vowed to increase his nation's global influence

Strong dollar seen hurting US economic outlook, even tilting Fed path

Chair Jerome Powell and his colleagues are trying to cool the economy and ease price pressures by deliberately tightening US financial conditions

How Elon Musk could put more crypto on Twitter after taking charge

Since Dorsey's departure last November, Twitter has added Ether tipping, nonfungible token profile pictures and USD Coin stablecoin payments for a select group of creators

Crypto exchange Binance creating team to help Twitter with things like bots

The world's largest crypto exchange appears to be seeking an active role in how Twitter is run

Elon Musk's free speech plans for Twitter clash with EU content rules

After Musk said he had "freed" the bird, referring to Twitter's logo, the European Commission's Internal Markets Commissioner warned that in Europe "the bird will fly by" EU's rules

'Terrifying' Putin driven by 'evil forces,' says ECB's Christine Lagarde

Putin's attack on Ukraine is his attempt to "cause chaos and to destroy as much of Europe as he can," she said

General Motors temporarily suspends Twitter advertising after Musk takeover

The Detroit automaker, which is racing to catch up with Tesla in electric vehicle development, said Friday it's talking with Twitter to discuss how the platform will change

Elon Musk to form a council to advise on lifting any Twitter bans

Musk, whose $44 billion deal to take the social network private was completed Thursday, had indicated previously that he thought Twitter's content moderation standards were too strict