Bloomberg A ruling slashing a record French fine against a bank seemed to bode well for UBS Group AG as it fights an even larger 3.7 billion-euro ($4.4 billion) penalty in front of the same judges. But the Swiss lender might be a victim of its own success. According to details of the April 6 decision only revealed earlier this …

Bloomberg Switzerland’s central bank said it will continue with its policy of foreign-exchange interventions while seeking dialog with the US after the Biden administration dropped the country from its list of currency manipulators. The Treasury Department said that although the Swiss fulfilled the criteria for the manipulator label, there was “insufficient evidence” of the country trying to gain an unfair …

Bloomberg The European Union (EU) is poised to ban artificial intelligence systems used for mass surveillance or for ranking social behaviour, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the software applications. The rules are part of legislation set to be proposed by the European …