U.S. banking stocks rose on Monday and Europe's lenders recovered from a sharp early sell-off after UBS Group's state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector.
- World'Dear friends' Xi and Putin meet in Moscow as Ukraine war rages
Chinese President Xi Jinping met his "dear friend" Vladimir Putin in Moscow on Monday, seeking both to deepen economic ties with an ally he sees as a useful counterweight to the West and to promote Beijing's role as a potential peacemaker in Ukraine.
- World at WorkAmazon to cut 9,000 jobs in second round of layoffs
Amazon.com Inc on Monday said it would axe another 9,000 roles totaling 27,000 job cuts in recent months, trimming from its long-profitable cloud unit that's facing new headwinds and making it the latest tech company to announce a second layoff round in the face of a possible recession.
- ChargedScratched EV battery? Your insurer may have to junk the whole car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles - leading to higher premiums and undercutting gains from going electric.