UBS Begins First AT1 Bond Sale Since Credit Suisse Collapse
UBS Group AG has begun the sale of hotly-anticipated additional tier 1 bonds, marking its first issuance of
2023-11-08 18:55
Trader Loses Last Fight to Kick Out $1.8 Billion UK Dividend Tax Fraud Case
Hedge Fund trader Sanjay Shah lost a last-ditch attempt at the UK’s top court to stop a £1.44
2023-11-08 18:15
Germany Designates Second AfD Chapter as Right-Wing Extremist
German authorities classified the Alternative for Germany in the state of Saxony-Anhalt as right—wing extremist, the second regional
2023-11-08 17:49
Bayer’s CEO Weighs Breakup in U-Turn for German Conglomerate
Bayer AG’s new chief executive said he’s weighing a breakup of the pharma and agriculture conglomerate, a move
2023-11-08 17:30
Danger Signs Emerge for Exporter Stocks as Dollar Seen Peaking
Shares of exporters outside the US have been boosted by the earnings impact of a rallying dollar, but
2023-11-08 17:30
M&S Shares Jump After Dividend Returns and Profit Soars
Marks & Spencer Group Plc shares rose to the highest in almost two years after the UK food
2023-11-08 17:27
ABN Amro Shares Drop as Net Interest Income Misses Estimates
ABN Amro Bank NV slumped as third-quarter net interest income missed estimates on weaker deposit margins. The Dutch
2023-11-08 16:57
Insurers, financial cos weigh on European shares
European shares dropped on Wednesday, with insurance and financial stocks taking the biggest hit, as investors assessed economic
2023-11-08 16:53
Private Equity Shower Junior Staff With Rewards to Retain Talent
Higher base salaries, more paid time-offs, gym discounts, travel insurance — private equity is doing all it can
2023-11-08 16:28
Renault Finalizing Transfer of 28% Stake in Nissan
Renault SA and Nissan Motor Co. completed a landmark deal to rebalance their 24-year-long alliance, paving the way
2023-11-08 15:51
Commerzbank Lifts Earnings Goals, Plans €600 Million Buyback
Commerzbank AG raised earnings goals for the year as it continues to benefit from higher interest rates and
2023-11-08 15:49
New Russian naval corvette damaged in Ukraine cruise missile attack on Crimea base
A newly built Russian naval corvette was “almost certainly damaged” after being struck in occupied Crimea, the British Ministry of Defence (MoD) said in its intelligence update. The Karakurt-class Askold warship was launched in 2021 and had not been yet commissioned into the Russian navy, the MoD said, citing Ukrainian and Russian sources. The Russian word “Karakurt” means “Black Widow spider”. Russian officials claimed Ukrainian cruise missiles were aimed at the Zaliv shipyard in Kerch on 4 November. The officials confirmed the attacks had struck one of its small warships. Askold is one of Russia’s Kalibr cruise missile carriers. The Commander of Ukraine’s air force, Lt Gen Mykola Oleshchuk, had earlier said he believed a vessel carrying the Kalibr missiles was struck, and suggested Kyiv used long-range French Scalp cruise missiles. Andriy Ryzhenko, a captain in the Ukrainian naval reserve, also said he believed the vessel struck by the missile was one belonging to the Karakurt Project 22800 – a new class of Russian corvettes. The damage to the Russian Black Sea fleet ship was significant, according to The Institute for the Study of War (ISW). “Russian and Ukrainian sources posted photos on November 7 showing significant damage to the Askold Project 22800 Karakurt-class Kalibr missile carrier corvette that will likely render it inoperable for the foreseeable future,” it said on Tuesday in its assessment, referring to the ship’s full name. These attacks by Ukrainian forces are part of a campaign against Russian military infrastructure, especially Black Sea Fleet assets, in occupied Crimea to “degrade the Russian military’s ability to use Crimea as a staging and rear area for Russian operations in southern Ukraine”, the ISW said. The UK MoD also said the strikes were “farther to the east in Crimea than most previous Ukrainian-claimed long-range strikes”. It said the attack could mean Russia may have to consider relocating its shipbuilding infrastructure farther away from the front line, something that could further delay the delivery of new ships. Earlier this week, satellite photos appeared to show damage to the Russian corvette and a firefighting vessel along with booms – or temporary floating barriers – in the water to stop oil leaks from the damaged ship. Photos showed the still-afloat vessel had some burn marks. The measurements of the vessel and its shape corresponded to those of a Karakurt-class corvette. This class of ships are designed to carry around eight Kalibr cruise missiles at a time. Kyiv has been gearing up to launch a major winter drone offensive against Russia’s ongoing invasion once harsh winter conditions hamper ground attacks, a top military official had told The Independent recently. Brigadier General Serhiy Baranov, the chief of the military unit overseeing drone operations, had warned Crimea, that was illegally annexed by Russia in 2014, and border areas within Russia would be subject to renewed aerial bombardment. Read More Pro-Palestinian groups defy police calls to call off Armistice Day march Police urge organisers to cancel Armistice weekend protests Scope of inquest into man’s death in incident involving soldiers to be looked at Not possible to hear Loughgall inquest before legislation cut-off, judge says First charter flight for Afghan refugees living in Pakistan arrives in London UK scrambles charter flights to bring Afghans stuck in Pakistan hotels to safety
2023-11-08 15:46