Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland’s second-largest bank in the latest high-level departure under its chief executive Tidjane Thiam.
Prime Minister Boyko Borrisov said disagreement over the EU’s top jobs had pitted nations against each other but that he hoped that EU leaders would find a way to unite behind a deal at a third day of talks on Tuesday.
Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March.
Dutch Prime Minister Mark Rutte on Tuesday said he hoped EU leaders would reach a decision on filling the bloc’s top posts, but declined to speculate about the chances of Dutchmen Frans Timmermans becoming the next European Commission president.
Spanish Prime Minister Pedro Sanchez stuck firm to a proposed deal to install Dutchman Frans Timmermans as head of the European Union’s executive on arrival on Tuesday for talks with other EU leaders on the bloc’s top jobs.
Italy’s Prime Minister Giuseppe Conte said on Tuesday he would prefer a woman as president of the next European Commission, as EU leaders meet for a third consecutive day to end a stalemate over the appointment of top figures in the bloc.
Everyone will have to make compromises if an agreement is to be reached on how to parcel out top jobs in the European Union, German Chancellor Angela Merkel said upon arriving for the third day of a Brussels summit.
The European Union’s leaders gathered on Tuesday for a third consecutive day of arm-wrestling over the 28-nation bloc’s key posts, with little sign that fundamental differences had narrowed.
Luxembourg’s liberal Prime Minister Xavier Bettel said he was convinced that there would be a breakthrough in talks among EU leaders on the bloc’s top jobs on Tuesday, saying he hoped for the largest consensus possible.
Stocks eked out meager gains on Tuesday amid worries the global economy was faltering after data showed manufacturing activity slowed last month, weakening appetite for risk.
Asian shares wobbled on Tuesday, U.S. Treasury yields fell and gold rebounded as weak global factory activity reinforced fears about slowing growth, while doubts over whether the United States and China can pull off a trade deal also hurt sentiment.
Oil gained on Tuesday as producer club OPEC agreed to extend supply cuts until next March, although prices were pressured by worries demand could ease amid hints of a slowdown in the global economy.
U.S. online retail giant Amazon said on Tuesday it will create 1,800 permanent contract positions this year in France, its largest European market after Britain and Germany, although furniture retailer Conforama went the other way in cutting jobs.
Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece – his famed “Black Strat” Fender Stratocaster – that went for nearly $4 million to the owner of the U.S. National Football League’s Indianapolis Colts.
U.S. hog farmers lost hundreds of millions of dollars in export sales to China and Mexico after President Donald Trump launched his trade wars last year.
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