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Credit Suisse chiefs say sorry to shocked shareholders
Credit Suisse chiefs say sorry to shocked shareholders
Business and Economy
by  AFP

Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. UBS -- which faces its own annual general meeting in Basel on Wednesday -- is the biggest bank in Switzerland, with Credit Suisse in second place.

UK govt sets out new water plan to tackle pollution
UK govt sets out new water plan to tackle pollution
Business and Economy
by  AFP

Britain on Tuesday announced a plan to protect water supplies, amid a long-running scandal over privatised water firms pumping raw sewage into rivers and onto seashores. The plan comes amid a continuing sewage scandal, which closed several UK beaches at the height of the heatwave last summer.