Bloomberg Sudan’s army is incapable of running the impoverished country and new leaders are needed to stem further unrest, the United Nations special envoy said, after the prime minister’s Sunday resignation once again left the military in sole charge. The generals, who launched a coup in October before restoring Premier Abdalla Hamdok to office the following month, are unable ...

  Bloomberg Former President Donald Trump’s two eldest children have been subpoenaed by New York authorities probing whether his real-estate business manipulated the value of key assets for tax and insurance purposes. Ivanka Trump and Donald Trump Jr., longtime business associates of their father, filed a joint motion in New York state court to block the subpoenas, accusing New York ...

  Bloomberg Venezuelan opposition political parties extended Juan Guaido’s mandate as the country’s interim president, but in a more limited capacity that deals a blow to the US-backed effort to confront President Nicolas Maduro. The opposition’s legislative body, following up on December 27’s preliminary approval, voted to amend a governing statute in order to extend its own term for another ...

  Bloomberg The medical team treating Brazil’s Jair Bolsonaro has ruled out the need for surgery for now as the president’s condition improved after a day of clinical treatment. The Vila Nova Star Hospital, where the president was admitted in the early hours of Monday after feeling abdominal pain, said in a statement Tuesday morning that Bolsonaro’s intestinal obstruction “disappeared” ...

  Bloomberg JPMorgan Chase & Co, one of Wall Street’s staunchest advocates of returning to Manhattan skyscrapers, is offering employees the option of working from home in the opening weeks of 2022, and Citigroup Inc (Citi) and Bank of America Corp (BofA) are encouraging staff to log on remotely, as more financial firms grapple with the latest surge in Covid-19 ...

  Bloomberg Banco Santander SA is racing to retrieve 130 million pounds ($175 million) paid out to thousands of British customers in a Christmas Day slip-up. Spain’s biggest lender accidentally made a second payment on December 25 to about 75,000 people and firms who had been due for one-off or programed payments from 2,000 businesses with accounts at its UK ...

  Bloomberg The Swiss National Bank (SNB) bought foreign exchange worth 2.8 billion francs ($3.1 billion) in the third quarter just before the franc began a sharper appreciation against the euro. The franc broke through a key level of 1.04 per euro and continued to strengthen towards 1.03 during final days of 2021. That might challenge the central bank’s description ...

  Bloomberg UBS Group AG was sued by a couple who said the Swiss bank should not have disclosed the wife’s account information to the Internal Revenue Service (IRS) because she was not a US. citizen. Jonathan and Esther Zuhovitsky said in a suit filed in Manhattan federal court that they endured an intense audit as result of the disclosure ...

  Bloomberg Credit Suisse Group AG has started a probe into Chairman Antonio Horta-Osorio over his recent breach of Swiss quarantine rules, Finews reported, citing two people with knowledge of the matter. Romeo Cerutti, the bank’s top lawyer, is overseeing the probe, according to Finews, which added that it was unclear who initiated the proceedings. Board discussions on the matter ...

  Bloomberg The Philippine peso dropped beyond 51 per dollar for the first time since April 2020 amid speculation the nation’s trade deficit will widen as domestic demand improves. The peso falls as much as 0.5% to 51.27, the weakest level since March 2020. The currency is the worst performer in emerging Asia over the past month with a loss ...