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Swiss brace for major job losses after Credit Suisse buyout
Swiss brace for major job losses after Credit Suisse buyout
Business and Economy
by  AFP

Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff. "Directly or indirectly, tens of thousands of jobs are potentially threatened," the Swiss Trade Union Federation (SGB) warned in a statement Tuesday.

US home sales bounce in February, ending 12-month slide
US home sales bounce in February, ending 12-month slide
Business and Economy
by  AFP

Sales of existing homes in the United States made their biggest monthly jump since 2020 in February, ending a year of declines according to industry data released on Tuesday. As of end-February, total housing inventory was 980,000 units, identical to January and up from a year ago, said the association.