Switzerland’s 2nd largest bank has been merged with country’s largest bank & its rival UBS for a lot lower than its market value. Regulators say this was the best way forward.
The lessons of earlier American regime-change efforts should be obvious. The dismantling of Iran’s regime could lead to the breakdown of state authority and the rise of warlords.
Major energy infrastructure is in the crosshairs of the conflict, raising risks of the biggest shock since Russia’s invasion of Ukraine. Qatar’s largest LNG plant remains shut, fuelling supply fears.
Sinking of the ship has raised eyebrows in the Indian defence and security establishment. Lankan navy has recovered several bodies, believed to be of crew members.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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