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Swiss parliament to probe Credit Suisse takeover
Swiss parliament to probe Credit Suisse takeover
Business and Economy
by  AFP

Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS, in an extremely rare move, following a vote on Thursday. After the lower house of parliament voted unanimously Wednesday in favour of creating the rare commission of inquiry, the upper chamber, or Council of States, voted 37-5 for it on Thursday.

EU court rejects Barcelona ride-hailing restrictions
EU court rejects Barcelona ride-hailing restrictions
Business and Economy
by  AFP

A top European court on Thursday ruled against restrictions imposed by Barcelona city hall on ride-hailing companies like Uber and Cabify. The Luxembourg-based Court of Justice of the EU (ECJ) ruled Thursday that the rules violated ride-hailing firms' "freedom of establishment" in the city.