US scrutinizes Russia accounts UBS took over from Credit Suisse

Reuters Chancellor Rachel Reeves says she wants pension schemes to “fire up the economy” Plans for a major shake-up of pension funds have been announced by the chancellor, Rachel Reeves. She wants to create pension “megafunds” by merging the UK’s 86 council schemes, using the set-up in Canada and Australia as a model. Other proposals…

LIMA, Peru — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years. The 21 leaders from…

Disneyland is ending its annual pass program after being closed for nearly a year due to the coronavirus pandemic, the resort announced Thursday. With Southern California experiencing the worst surge yet in COVID-19 cases and hospitalizations, and with no clear idea of when the theme park will be able to finally reopen, Ken Potrock, president…

TikTok has officially launched its e-commerce service TikTok Shop in the US.  Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and TikTok’s latest venture into e-commerce has emerged at the forefront. For some, it means weighing the convenience of mobile shopping and often low…

A European regulatory committee now recommends approval of the Alzheimer’s treatment lecanemab a few months after rejecting the drug. Biogen said Thursday that the drug, known in the U.S. as Leqembi, received a positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use as a treatment for early Alzheimer’s disease. The…

In his first week in office, President Joe Biden has reimposed a host of COVID-19 travel restrictions, while also repealing Donald Trump’s discriminatory Muslim ban. The actions mean the US will now start allowing visitors from predominantly Muslim and African countries who were previously restricted from entering the US under Trump. At the same time,…