Sergio Ermotti, CEO of UBS, discusses high market valuations and the resilience of private credit with CNBC’s Carolin Roth.
Source
UBS CEO on private credit: ‘The vast majority is of good quality’
World
China blocks Meta’s acquisition of AI startup Manus
China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots. The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has […]
Read More
World
Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback
Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv early on June 18, 2025. Menahem Kahana | AFP | Getty Images Europe ramped up military spending in 2025 — a longstanding demand of U.S. President Donald Trump — helping drive global defense outlays to a staggering $2.89 […]
Read More
World
European markets mixed as Iran reportedly makes peace proposal
Pakistan’s Army Chief and Field Marshal Syed Asim Munir (3rd R) meets with Iran’s Foreign Minister Abbas Araghchi (3rd L) upon his arrival in Islamabad on April 25, 2026. – | Afp | Getty Images LONDON — European stocks were mixed at the start of a new trading week, as investors keep an eye on […]
Read More