Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money -laundering by a Bulgarian cocaine trafficking gang in the country’s …
Credit Suisse found guilty in cocaine cash laundering case Read More »
LONDON, June 23 (Reuters) – Global markets fell on Thursday as investors worried that further rises in interest rates to quell decades -high inflation would tip economies into recession. The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers’ Index, while …
SAN FRANCISCO, June 22 (Reuters) – Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic …
Musk says Tesla’s new car factories ‘losing billions of dollars’ Read More »
DOHA, June 22 (Reuters) – Two high -tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus (AIR.PA) and Qatar’s national carrier. From a distance, the planes might seem like any other long-haul jetliners …
Exclusive: Inside the hangar at the center of the $ 1 bln Airbus-Qatar jet dispute Read More »
June 20 (Reuters) – Oscar -winning screenwriter Paul Haggis is under house arrest in southern Italy on charges of sexual assault and aggravated personal injury, accusations that the Canadian director denies, his lawyers said on Monday. “Mr Paul Haggis was detained on Sunday with an emergency measure issued by the Brindisi prosecutors and is now …
Oscar-winning screenwriter Paul Haggis arrested in Italy on sexual assault charges Read More »
President of European Central Bank Christine Lagarde addresses a news conference following the meeting of the Governing Council’s monetary in Frankfurt, Germany March 10, 2022. Daniel Roland/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register FRANKFURT, June 20 (Reuters) – The risk of an abrupt correction on Europe’s financial and housing markets …
Europe faces ‘severe’ risk of disorderly financial market correction: Lagarde Read More »
