UBS Reports $29 Billion Profit, a Record
When UBS agreed to buy its archrival Credit Suisse for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said that price represented a …
BUSINESS
Biden’s vision for a rejuvenated child care system is about to hit a wall
The emergency funding, approved early in Biden’s presidency, helped 80 percent of providers nationwide pay down debts and hold onto employees, averting a wave of program closures and child care …
M&S launch legal challenge over Michael Gove’s plan to demolish flagship London store
M arks & Spencer on Thursday launched a legal challenge to Michael Gove’s decision to block it from demolishing its Marble Arch flagship. The high street giant was infuriated by …
US government cancels loans for former Ashford University students and plans to recoup costs
By COLLIN BINKLEY | AP Education Writer WASHINGTON — The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, …
6 Ways Humans Play a Vital Role in AI-Driven Workplace: MIT Professor
A.I. will create new job opportunities like previous waves of innovation that bring extreme changes to the workplace. Chip Somodevilla/Getty Images As A.I.-driven changes in the workplace increase in number …
People Are Increasingly Worried AI Will Make Daily Life Worse
Over the past year or so, you’ve probably had conversations with friends, family, and coworkers about the rise of generative AI capable of making convincing text and imagery—but perhaps also …
UK power plants barred from charging extreme prices this winter
B ritain’s energy regulator approved new rules designed to ban generators from charging sky-high prices for power using a tactic that’s piled millions onto consumer bills. Ofgem will prevent plants …
Former NBA star Kevin Johnson to open Oakland restaurant
Kevin Johnson, the former NBA player and mayor of Sacramento, is planning to expand his soul food empire to Oakland. Called Fixins Oakland, the full-service restaurant is scheduled to open …
UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal
The magic of “badwill” When UBS agreed to buy its archrival, Credit Suisse, for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said …
Judge bars unlawful protests against Esso oil pipeline project
Mr Justice Julian Knowles on Thursday granted a “permanent injunction” against a named protester, Scott Breen, and “persons unknown” after an application by lawyers representing Esso. The judge, who had …