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The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
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Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
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His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
UBS Chief Executive Sergio Ermotti has bought 1 million shares in the Swiss bank worth 13.1 million Swiss francs ($13.07 million).
The bank confirmed that Ermotti was the buyer after the SIX Swiss Exchange posted on its website that a senior UBS executive had purchased the registered shares on Oct. 26, a day after its investor day. The stock has fallen by around a quarter this year.
"Our general policy is not to comment, but on an exceptional basis we confirm that it was our CEO," a spokesman said.
The news comes after Switzerland's biggest bank and the world's largest wealth manager last week reported a surprise 32 percent rise in third-quarter net profit thanks to a strong showing at its investment bank.