Anger over ‘climate lockdown’ drives Swiss grandmother to take Bern to European court

Climate case is first for European human rights tribunal The applicant’s medical records show the impact of heat waves Some old women take refuge in their cellars Switzerland is warming up quickly, glaciers are melting GENEVA, March 28 (Reuters) – While dozens of Swiss pensioners campaigned in the Alps last summer to save their rapidly … Read more

Hong Kong police are closely monitoring the first authorized protest in years

HONG KONG, March 26 (Reuters) – Hong Kong police on Sunday allowed a small protest march under strict restrictions in one of the first demonstrations approved since a sweeping national security law came into effect in 2020. Several dozen protesters were required to wear numbered lanyards and were banned from wearing masks as police monitored … Read more

Explainer: what are AT1 bonds and why are Credit Suisse’s being wiped out?

LONDON, March 24 (Reuters) – Financial markets have taken a new curve with the decision to call off 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt. writing to zero as part of a forced rescue merger with UBS (UBSG.S). Under the deal, holders of Credit … Read more

SVB UK handed out more than £15m in bonuses days after HSBC bailout, Sky News reports

March 18 (Reuters) – The UK arm of Silicon Valley Bank has handed out more than £15m ($18m) in bonuses days after the bailout deal this week by HSBC, Sky News reported on Saturday. Payouts to staff, including senior executives, were signed by HSBC earlier this week, the report said, adding that the bonuses would … Read more

Credit Suisse shares tumble again, sentiment remains fragile

LONDON/ZURICH, March 17 (Reuters) – Shares in Credit Suisse (CSGN.S) resumed their decline on Friday as investor sentiment remained fragile following a $54 billion bailout the Swiss bank secured this week. A rating downgrade and a US lawsuit on Thursday offset some of the relief that came from the emergency liquidity line offered by the … Read more