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Credit Suisse to cut further 2,000 jobs

Swiss banking giant Credit Suisse is ramping up its restructuring program in a bid to cut an extra $1 billion in costs. A further 2,000 jobs are now set to go, on top of the 4,000 job cuts announced last month.

Deutsche Welle

Federer maintains Basel title in Switzerland

Swiss tennis player and world number two, Roger Federer, won the title of the 2015 Swiss Indoor (Basel) tournament for the second year in a row. It was the 46th edition of the event. He defeated the Spanish Rafael Nadal, who ranked number six globally in the final match which brought them together, with scores …

Daily News Egypt

Culture of cooperation and common goals key to Germany’s victory: WEF

By Evline Meshreky A blog published by the World Economic Forum (Davos) attributed Germany’s success in football as well as economically to sustaining a culture of cooperation and common goals, and long-term policies to support those goals. The article relates the young average age in the German football team, 26.31, as opposed to 28.92 in …

Daily News Egypt

Regime to blame for most Syria abuses: UN rights chief

  AFP – Syria must be held accountable for abuses against its people and those responsible should be hauled before the International Criminal Court, UN rights chief Navi Pillay said Tuesday. “Criminal justice must be seized. The UN Security Council must be able to unite around the simple idea that terrible crimes have been committed …

Daily News Egypt

A daunting mission: Getting back Egypt’s stolen assets

Over the course of Hosni Mubarak’s rule, the illicit outflow of funds from Egypt are estimated at $132bn. After the January 2011 Revolution, countries such as Switzerland and the United Kingdom have been asked to freeze and repatriate Egypt’s stolen wealth. However, many legal, political and financial hindrances stand in the way. Daily News Egypt examines these hurdles and the efforts the Egyptian and foreign governments have exerted in order to recover these lost assets.

Sarah El Masry