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UBS hit with $400mn of Credit Suisse-linked property costs
Bank had to break leases to vacate defunct rival’s buildings
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Activist Cevian places €1.2bn bet on UBS
Swiss lender could double valuation if it can close gap with US rival Morgan Stanley,
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US set to strengthen international force to protect Red Sea shipping
Iran-backed Houthi rebels have stepped up attacks on vessels in critical artery for global trade
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Tesla rival Nio secures $2.2bn investment from Abu Dhabi fund
UAE investment vehicle CYVN takes 20% stake in Chinese group as Beijing’s ties with Middle
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Nikola founder Trevor Milton sentenced to 4 years for fraud
Truck start-up’s market value fell sharply after report claimed investors had been misled
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Apple approaches Goldman to wind down card partnership
Move comes as Wall Street bank explores ‘strategic alternatives’ for its consumer business
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Apple moves towards India-made iPhone batteries in push away from China
Tech giant wants suppliers to build key component in India as part of broader effort
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- Fed to loosen capital requirements for big US banks
- US intervention in oil futures would be ‘biblical disaster’, CME warns
