switzerland
By Mohammed Kudrati Swiss multinational banking group UBS announced that it was acquiring its smaller peer Credit Suisse in an all-share transaction worth $3.2 billion late on Sunday night. The transaction is expected to close in the second quarter of 2023 and has full government approval as it was facilitated by the trio of the Swiss National Bank, the Swiss Federal Ministry of Finance and FINMA, the Swiss market regulator. Swiss authorities have pushed the deal through based on emergency powers which ensures that the deal will not require any shareholder approval. The follows a five-day orde...
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By The Conversation Finally, after what was arguably the worst summer on record for glaciers, snow has begun to fall in the European Alps. It is much needed. Over the 19 years that I have visited and studied the glaciers in Switzerland, I have not seen a summer like 2022. The scale of change is staggering. Glaciologists like me used to use the word "extreme" to describe annual ice loss of around 2% of a glacier's overall volume. This year Switzerland's glaciers have lost an average of 6.2% of their ice – extreme indeed. The new flurries of snow will form a protective blanket to shield and refl...
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