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UBS Surpasses $5 Trillion In Assets With Acquisition Of Struggling Credit Suisse

Published Fri, 21 Feb 2025 10:45:18 GMT

“Tens of Thousands Protest Peacefully in South Africa’s National Shutdown”

Published Fri, 21 Feb 2025 10:45:18 GMT

March Madness: Sweet 16 matchups are set after wild weekend

Published Fri, 21 Feb 2025 10:45:18 GMT

By The Associated PressMarch Madness is heading to the Sweet 16 without a handful of top teams. Two No. 1 seeds, Kansas and Purdue, No. 2 seed Arizona and No. 4 seed Virginia are all gone — and gone with them are millions of busted brackets.It’s been tough sledding for the bluebloods, too: Besides Kansas, Kentucky, Duke and Indiana are all heading home. UCLA’s drive for a 12th national title remains alive. Here is what to know with the regional semifinals up next at the NCAA Tournament:TOP SEEDSThe top four seeds in the tournament were given to Alabama, Houston, Kansas and Purdue. Each had its share of headaches to set up what is proving to be a chaotic tournament. The Boilermakers were the first to fall, ousted in a first-round stunner, and the Jayhawks followed the very next day. EAST REGION: The Boilermakers got a top seed for the fourth time, but Purdue was dumped by Fairleigh Dickinson in a near-historic upset. and the 2-seed, Marquette, is also gone. Up next:...

Bush's Iraq War Lies Created a Blueprint for Donald Trump

Published Fri, 21 Feb 2025 10:45:18 GMT

President George W. Bush addresses the nation about U.S. attacks on Iraq from the Oval Office on March 19, 2003.Photo: Alex Wong/Getty ImagesPaul Wolfowitz walked among the tombstones of the Iraq war dead.It was April 9, 2009, and Wolfowitz, the former deputy secretary of defense in the Bush administration and one of the chief architects of the U.S. invasion of Iraq, had come to Arlington National Cemetery to celebrate the sixth anniversary of the fall of Baghdad.He came to Section 60, the portion of Arlington where American soldiers who had died in Iraq and Afghanistan lay buried, as the most prominent guest at a small ceremony to mark the day six years earlier when the statue of Saddam Hussein in Baghdad’s Firdos Square had been pulled down. Wolfowitz and other Iraq war hawks had decided that April 9 should be commemorated as “Iraq Liberation Day.”The 2009 celebration was organized and hosted by Viola Drath, a former journalist, longtime socialite, and, at 89, a tireless networker...

This week: Fed meeting, home sales, Nike earnings

Published Fri, 21 Feb 2025 10:45:18 GMT

A look at some of the key business events and economic indicators upcoming this week:Watching the FedThe Federal Reserve will close a two-day meeting on Wednesday with its latest decision on whether to keep raising interest rates in an effort to tame inflation, and by how much.The central bank has been increasing rates in an effort to make borrowing more difficult and slow the economy. Inflation has been cooling, but the policy risks the economy slowing too much and falling into a recession. The situation has grown more complicated following several bank failures.Federal Open Market Committee target federal funds rate range.June 16 1.50%-1.75%July 28 2.25%-2.50%September 22 3.00%-3.25%November 3 3.75%-4.00%December 15 4.25%-4.50%February 2 4.50%-4.75%Source: The Federal ReserveHome sales The National Association of Realtors releases its report on February sales of previously occupied homes on Tuesday. Those sales have declined for 12 months in a row as the Federal Reserve raises int...

Paul has 29 and Clippers down Blazers 111-102

Published Fri, 21 Feb 2025 10:45:18 GMT

PORTLAND, Ore. (AP) — Paul George had 29 points and the Los Angeles Clippers handed the Portland Trail Blazers their sixth straight loss with a 117-102 victory on Sunday night., Kawhi Leonard added 24 for the Clippers as they fight for home-court advantage in the playoffs. Los Angeles was sitting at fifth in the Western Conference standings just a half-game behind of the Phoenix Suns. The Clippers have won five of their last six games. “We expect to win. We come in and we expect to win, that’s really the key,” George said. “We expect to play well, we know what we need to do and we know what it looks like when we’re at our peak. We’re dialed in, we’re getting on guys if we’re blowing coverage, if we’re not where we need to be. I think we’re holding each other accountable.”Jusuf Nurkic finished with 23 points and 11 rebounds for the Blazers, who were in 13th in the West, well outside of playoff contention. Damian Lillard had 21 points and nine...

Former Australian soldier to be charged with Afghan’s murder

Published Fri, 21 Feb 2025 10:45:18 GMT

CANBERRA, Australia (AP) — Police on Monday charged the first Australian veteran for an alleged murder in Afghanistan three years after a war crime investigation found that 19 Australian special forces soldiers could face charges for illegal conduct during the conflict.A 41-year-old man was arrested in New South Wales state and charged by police with the war crime of murder, an Australian Federal Police statement said.“It will be alleged he murdered an Afghan man while deployed to Afghanistan,” the statement said.He is expected to appear before a Sydney court within days, when a magistrate will likely consider whether he can be released from custody on bail.The man was identified by Australian Broadcasting Corp. and News Corp as former Special Air Service Regiment trooper Oliver Schulz.ABC broadcast helmet camera video in 2020 of a soldier it said was Schulz shooting an Afghan man in 2012 in a wheat field in Uruzgan province.He faces a potential sentence of life in prison if convict...

Thousands protest in Portugal to demand higher wages, cap on food

Published Fri, 21 Feb 2025 10:45:18 GMT

Thousands of protesters filled downtown Lisbon on Saturday (18 March) to demand higher wages and pensions, as well as government intervention to cap soaring food prices they say are strangling already tight budgets.Metalworker Paula Gonçalves, 51, said people were "protesting against low wages, precariousness and for more justice" for workers."We, the workers, are the ones who produce, we give everything we have... and the profit is all for employers and nothing for us," she said.Portugal is one of Western Europe's poorest countries and official data shows that more than 50% of Portuguese workers earned less than 1,000 euros ($1,067) per month last year, while the minimum wage is only 760 euros per month.According to Eurostat data, the minimum wage in Portugal - measured in purchasing power parities and not at current prices - in 2023 is 681 euros a month, the 12th lowest of the 15 European Union countries that have minimum wages. It compares with 726 euros in Poland, 775 euros in G...

Bruce Willis' family celebrates actor's birthday with moving social media posts

Published Fri, 21 Feb 2025 10:45:18 GMT

As Bruce Willis celebrated his 68th birthday Sunday, the actor’s family and loved ones, including wife Emma Heming and ex-wife, actress Demi Moore, took to social media to celebrate the icon who is suffering from frontotemporal dementia (known as FTD).  In 2022 the “Die Hard” star’s family revealed that that he would be stepping away from acting, following a diagnosis of aphasia. Then, in February of this year, it was announced that Willis’ condition had progressed and he had been diagnosed with FTD, a form of dementia.  On Sunday, Heming shared an emotional message on social media about the difficulty of having a loved one suffering from such a serious illness.  “Today is my husband’s birthday. I have started the morning by crying,” she said in video posted to her verified Instagram account. “I always get this message where people always tell me that, ‘Oh, like, you're so strong. I don't know how you do it.' I'm not given a choice. I wish I was but I'm also raising t...

Magic come back from down 16 but fall to Lakers to close out road trip

Published Fri, 21 Feb 2025 10:45:18 GMT

The Orlando Magic came back from a 16-point deficit to tie the game late in the fourth quarter but fell to the Los Angeles Lakers 111-105 Sunday night at Crypto.com Arena to close out their West Coast trip.The Magic (29-43) had a strong start, jumping out to a 20-11 lead behind strong play from the starters.But their bench didn’t match the early production of the Lakers’ second unit led by Austin Reaves, who scored a career-high 35 points to go with 6 assists and 6 rebounds in 30 minutes.The Lakers’ bench outscored the Magic’s 61-26.Los Angeles’ bench helped to build a 47-31 lead in the second quarter, a 59-49 edge at halftime and an 84-81 advantage heading into the fourth.The Magic kept chipping away at their deficit, and Cole Anthony’s 3-pointer with 2:39 remaining tied the game at 101.One minute later, Paolo Banchero (21 points, 6 rebounds, 3 assists) fouled Reaves on a 3-pointer. Reaves hit 2 of 3 free throws to give the Lakers a 103-101 lead ...