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Hungarians protest as Orban’s austerity measures bite

Bloomberg Hungarians are holding daily protests as a plunging currency and the threat of a Russian cut-off of natural gas shipments to Europe forces Prime Minister Viktor Orban to embrace unpopular austerity measures. A few thousand demonstrators rallied by the Danube river in Budapest on Saturday evening, according to local media reports. Protesters then blocked a bridge for a fifth ...

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Jessie Duarte, former special assistant to Mandela, dies at 68

Bloomberg Jessie Duarte, who served as special assistant to former South African President Nelson Mandela after his release from prison, has died. She was 68. Duarte’s death on Sunday was announced by the South Africa’s ruling party. She had been on medical leave since November undergoing cancer treatment. “It is with profound sadness that the African National Congress has learned ...

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UBS, Citi among banks hit by pullback of Asia’s rich clients

  Bloomberg A slump in client trading activity in Asia is threatening to slow a lucrative earner for the world’s biggest wealth managers. UBS Group AG and Citigroup Inc are among banks whose wealth revenues for the region likely declined by double digits in the first half. Credit Suisse Group AG, which last month warned that results in the second ...

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