Sergio Ermotti, CEO of UBS, discusses high market valuations and the resilience of private credit with CNBC’s Carolin Roth.
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UBS CEO on private credit: ‘The vast majority is of good quality’
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From futuristic NEOM to tech and tourism, Saudi Arabia’s priorities are shifting
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM When Saudi Arabia first announced plans to reinvent its oil-based economy, huge infrastructure projects like the futuristic region NEOM and smart city The Line were championed as central to the transformation. Almost a decade on from the launch of its “Vision 2030” […]
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Hurricane Melissa churns across Cuba as a Category 3 storm
Satellite view of Hurricane Melissa as seen on Oct. 29th, 2025. Source: NOAA Hurricane Melissa was grinding across Cuba on Wednesday as a Category 3 storm after pummeling Jamaica as one of the strongest Atlantic hurricanes on record, the U.S. National Hurricane Center said. Hundreds of thousands of people in Cuba had been evacuated to […]
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European stocks tick higher; Luxury carmaker Mercedes up 5.7%, on pace for best trading day since 2022
Traders work, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 17, 2025. Brendan McDermid | Reuters LONDON — European stocks edged higher on Wednesday, with some stocks particularly […]
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