AL HAYAT - News from Riyadh, Saudi Arabia and the world – 24 hours a day, seven days a week in seven languages

Riyadh -

IN THE NEWS

UBS completes takeover of Credit Suisse

UBS completes takeover of Credit Suisse

UBS announced Monday it had finalised the takeover of its former rival Credit Suisse, clearing the way for the Herculean task of integrating two of the world's most important banks.

Read more
Sergio Ermotti: George Clooney of Swiss banking tasked with mega-merger

Sergio Ermotti: George Clooney of Swiss banking tasked with mega-merger

Sergio Ermotti returned as chief executive of UBS to mastermind the merger with Credit Suisse -- an onerous task which begins in earnest on Monday after the takeover was finalised.

Read more
UK PM Sunak hits back at Johnson over honours for allies

UK PM Sunak hits back at Johnson over honours for allies

British Prime Minister Rishi Sunak lashed out at his predecessor Boris Johnson Monday in a row over political honours for allies of the former premier.

Read more
Stocks advance, dollar down as markets focus on rate calls

Stocks advance, dollar down as markets focus on rate calls

Major stock markets mostly advanced Monday, with all eyes on central banks this week and their latest decisions over interest rates as inflation remains high.

Read more
AC Milan pay tribute to 'unforgettable' ex-owner Berlusconi

AC Milan pay tribute to 'unforgettable' ex-owner Berlusconi

AC Milan, the football club which won a host of domestic and European titles under Silvio Berlusconi's ownership, called him "unforgettable" in a tribute after his death aged 86 Monday.

Read more
Nuclear arms spending, arsenals swell as global tensions grow: studies

Nuclear arms spending, arsenals swell as global tensions grow: studies

The world's nuclear powers, and China in particular, increased investment in their arsenals for a third consecutive year in 2022 amid swelling geopolitical tensions, two reports showed Monday.

Read more
Brentford's Toney speaks of pain of missing out on World Cup

Brentford's Toney speaks of pain of missing out on World Cup

Brentford and England striker Ivan Toney says missing the World Cup was a bigger blow than the eight-month ban he is serving for breaking betting rules.

Read more
Bling and bunga bunga: Italy's Silvio Berlusconi

Bling and bunga bunga: Italy's Silvio Berlusconi

Silvio Berlusconi -- who has died at 86 -- dominated Italian public life for decades as a billionaire media mogul and the country's longest serving premier. But he was always dogged by scandal.

Read more
Berlusconi and AC Milan - passion, politics and trophies

Berlusconi and AC Milan - passion, politics and trophies

Silvio Berlusconi's name will forever be associated with AC Milan, the football club he took over in the 1980s and with his immense wealth turned from a debt-ridden mess to a European powerhouse.

Read more
First Covid vaccine side-effect claims land in German courts

First Covid vaccine side-effect claims land in German courts

Vaccine-maker BioNTech faced Monday its first legal claim in its home country of Germany over adverse effects allegedly suffered by some users of its Covid vaccines, more than two years after one of the world's fastest and most extensive inoculation campaigns.

Read more