Credit Suisse Denies All Allegations Of Wrongdoing Following Leak Of Client Data To Media

After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into a breach of information on thousands of accounts held  After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into leakage of information on thousands of accounts held  The data on the accounts, which span the time period…

mRNA Vaccine Technology To Be Accessed By African Countries In WHO Project

Six African countries – Egypt, Kenya, Nigeria, Senegal, South Africa, and Tunisia – will be the first on the continent to get the technology required to manufacture mRNA vaccines, according to the World Health Organization. The technology transfer project, which began in Cape Town last year, intends to assist low- and middle-income nations in mass-producing mRNA…

Subsidy Cut Results In 18.6% Drop In Sale Of China NEV In January

According to industry data released on Friday, sales of new energy vehicles (NEVs) in China decreased 18.6% month over month in January after the country reduced NEV subsidies by 30%. According to figures from the China Association of Automobile Manufacturers, sales of NEVs, which comprise battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles,…

“Bribes” Formed The Basis Of 1MDB Business, Admits Former Goldman Banker

Former Goldman Sachs banker Tim Leissner, who was previously credited with delivering the bank lucrative Malaysian business, has told a court that the agreements were made possible by “bribes and kickbacks.” Leissner was giving testimony in the trial of Roger Ng, a former colleague. Prosecutors allege that the two men assisted in the diversion of…

New Executive Appointed To Oversee Metaverse Strategy Of Disney

Disney has selected a senior executive to oversee the company’s metaverse strategy. Mike White, an employee of the company for more than ten years, has been tasked to lead a group of top executives to develop the firm’s metaverse strategy. Chief executive Bob Chapek stated in a memo to colleagues published by the BBC that the metaverse…

Heineken To Hike Beer Prices Due To Rising Costs

Due to the effect of inflation, Heineken, the world’s second-largest brewer, has cautioned that the price of its drinks may rise. Rising costs for ingredients and energy were cited for the warning by the company, which distributes brands such as Strongbow cider, Amstel, and Europe’s best-selling lager, Heineken. This price hike warning comes after Cobra’s founder announced that…

Investors Concerned About How Long It Would Take Credit Suisse To Get Back On Track

Credit Suisse investors are concerned that the company will take a long time to get back on track to profitability. A series of scandals in recent months have not only tarnished the global bank’s reputation but have also resulted in billions of dollars in market value being lost — putting enormous pressure on the management.…