Posts Tagged ‘Tough’
UBS faces tough new Swiss banking sector rules
[BERN] The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold US$26 billion more in core capital, confirming some of the bank’s worst fears about incoming new regulations. The key proposal, which the bank would have six to eight years to prepare…
Read MoreTikTok, Meta face tough curbs in Asia even as US efforts stall
[HONG KONG] Some of the toughest new laws attempting to rein in TikTok, Instagram and Snapchat are not coming from Washington or Brussels. They are emerging from capitals such as Canberra, Jakarta and Kuala Lumpur. Governments across the Asia-Pacific region are leading the global charge to protect children from online harms, presenting an unprecedented challenge…
Read More‘High Expectations’: EU Looks To Merz For Boost In Tough Times
Germany’s Friedrich Merz makes his maiden trip to Brussels Friday with expectations riding high that the changing of the guard in Berlin can bring fresh momentum to Europe at a time of dizzying global challenges. After back-to-back trips to Paris and Warsaw signalling his intent to cement ties with both neighbours, Merz’s swift visit to…
Read MoreInter Return To Tough Scudetto Defence After Treble Dream Dies
Inter Milan head into the final straight of their title battle with Napoli locked on points at the top of Serie A and reeling from a crushing derby defeat which ended the champions’ hopes of the treble. Last weekend’s last-gasp defeat at Bologna left Inter ahead of Napoli on goal difference and Simone Inzaghi’s team…
Read MoreVance In India For Tough Talks On Trade
US Vice President JD Vance began a four-day visit to India on Monday as New Delhi looks to seal an early trade deal and stave off punishing US tariffs. Vance’s visit comes two months after Indian Prime Minister Narendra Modi held talks with US President Donald Trump at the White House. A red carpet welcome…
Read MoreVance Heads To India For Tough Talks On Trade
US Vice President JD Vance begins a four-day visit to India on Monday as New Delhi looks to seal an early trade deal and stave off punishing US tariffs. Vance’s visit comes two months after Indian Prime Minister Narendra Modi held talks with US President Donald Trump at the White House. Vance’s tour includes a…
Read MoreGOP Sen. Chuck Grassley Faces Tough Town Hall And Demands To Bring Back Deported Salvadoran Man
Angry voters are once again showing their frustrations at elected officials over the Trump administration’s policies. Now, Sen. Chuck Grassley (R-Iowa) faced constituents who protested over the president’s refusal to bring back the Salvadoran immigrant who was mistakenly sent to El Salvador’s mega-prison. Grassley faced voters in an hour-long heated debate. While the audience shouted…
Read More‘La Bolita,’ Cuban Lottery Offering Hope In Tough Times
Every day, as he has done for 20 years, Carlos makes the rounds collecting bets in central Havana for “la bolita” — a clandestine national lottery that provides a sliver of hope for Cubans struggling to make ends meet. Betting has been illegal on the communist island for the past 66 years, but “la bolita”…
Read More‘Tough’ Singapore Election Expected For Non-Lee Leader
Singaporeans vote on May 3 in an election that will test Prime Minister Lawrence Wong’s leadership, as the wealthy city-state faces a turbulent global economy upended by US tariffs. This will be the first electoral battle for the ruling People’s Action Party (PAP) under Wong since he succeeded Lee Hsien Loong, the son of founding…
Read MoreExits to remain tough for South-east Asia private equity despite uptick in 2024
[SINGAPORE] Private equity (PE) enjoyed upticks in deal value and number of exits in 2024, but the exit environment remains tough, a report by management consultancy Bain & Company has said. South-east Asia PE deal value hit US$15 billion in 2024, up from US$9 billion the year before, led by large transactions such as that…
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