The controversial rescue deal for troubled lender Credit Suisse and the continuing fallout from the collapse of Silicon Valley Bank indicates the world is sliding into a crisis “far worse” than the GFC, one analyst has argued. Following crunch talks aimed at stopping the stricken bank from triggering a widerContinue Reading
Investors and employees at Swiss bank Credit Suisse are growing nervous following the news that the financial institution has collapsed. On Monday afternoon Australian time (Sunday local time), investment bank Credit Suisse announced that it was going to be absorbed by the country’s largest bank and its main rival, UBS,Continue Reading
Russia has invaded a neighbouring country, seen more than 100,000 of its soldiers die, been shunned by a large chunk of the international community and been exposed to some of the world’s toughest sanctions – and still its economy is doing better than Britain’s. An update on the world economicContinue Reading
WARNING: Grab your tissues. A tear-jerking Christmas advert that highlights the cost of living crisis has struck a chord among the millions of people who are currently struggling as a result of the economic downturn. Festive ads have become a huge part of international culture, with major retailers in theContinue Reading