Europe

Credit Suisse said Thursday that it would borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss central bank. Bloomberg | Bloomberg | Getty Images Shares of Credit Suisse surged on Thursday, rebounding from a fresh all-time low after the beleaguered lender announced that it would tap central bank …

A branch of Swiss banking giant Credit Suisse behind a window under the rain, in Basel. (Photo by FABRICE COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images Credit Suisse shares soared more than 30% on Thursday morning, after the bank announced …

Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Images The International Energy Agency on Wednesday said Russia’s oil export revenues fell sharply in February, …

Chinese tourists are raring to travel again. But this time, the usual suspects — Venice, Paris and Madrid, for example — aren’t their top picks. As China’s reopening gains momentum after three years of Covid-19 restrictions, the country’s travel-hungry citizens are emerging much changed, according to the Chinese Outbound Tourism Research …

WASHINGTON — A Russian fighter jet downed a U.S. drone operating over the Black Sea on Tuesday, U.S. European Command said in a statement. “Our MQ-9 aircraft was conducting routine operations in international airspace when it was intercepted and hit by a Russian aircraft, resulting in a crash and complete …

Canada is positioning itself as a solution for the many European governments that are looking to rely less on China for critical raw materials — which are essential for the manufacture of goods like electric cars. The G-7 member announced in December a plan to ramp up the production of …

First Republic Bank has been able to meet withdrawal demands on Monday with the help of additional funding from JPMorgan Chase, the bank’s executive chairman told CNBC’s Jim Cramer. Jim Herbert told Cramer that the bank was not seeing massive outflows of deposits and that the business was operating as …

An entrance to the Alphabeta Building, which houses the offices of UK unit of Silicon Valley Bank, in the City of London, UK, on Monday, March 13, 2023. HSBC Holdings Plc is set to buy the UK arm of Silicon Valley Bank, the culmination of a frantic weekend where ministers …

Gary Lineker’s tweets and the BBC’s response caused public backlash and a weekend of disrupted sports programing as fellow presenters walked out in protest. Hollie Adams / Stringer / Getty Images LONDON — The BBC, Britain’s public service broadcaster, is trying to navigate itself out of crisis mode following a …

The River Mersey is one of Europe’s most iconic waterways. On top of being a major hub for shipbuilding and industry, it’s been a source of inspiration for a host of writers, artists and musicians over the years. If all goes to plan, the Mersey could also play a major …