The Financial Stability Board designated Switzerland's two biggest banks as so huge and critical to the world's global financial architecture that they must not be allowed to fail.
BERN, Switzerland (AN) — In a stunning development, Swiss authorities forced the nation's biggest bank, UBS, to acquire its junior rival Credit Suisse in a bid to restore confidence in the financial system.
Swiss President Alain Berset announced the hastily arranged merger deal between the two banks after Credit Suisse shares plunged and depositors looked for the exits, stoking fears of collapse at one of the world's 30 banks that the Financial Stability Board designated as "too big to fail."
U.N. leaders urged nations to bring the Sustainable Development Goals 'back to life' and chart a post-2030 agenda.
A proposed 2% minimum tax on billionaires will be taken up at Brazil's G-20 Leaders' Summit in November.
The effects of climate change hit hard from the bombed streets of Gaza to the glitzy venues of the Paris Olympics.
The U.N.'s annual report card shows the Sustainable Development Goals improved from 85% off track last year.
The U.N. chief calls on all nations to adopt a newer measure for phasing out powerful climate-warming chemicals.
The original target for the campaign was 640,000 children, which may have been an overestimate due to the war.
Global cooperation on health, defense, climate change and more would be at risk under a second Trump presidency.
A U.N.-led group says the world won't be able to get to net-zero emissions without first cleaning up the mining business.
