Ukrainians face a ‘terrible winter’ – retired French general

A former chief of staff for France’s air force has warned that Kiev will only be able to defend its current positions, “at best” A retired French general and former NATO commander has painted a chilling picture of Ukraine’s prospects over the next several months in its conflict with Russia, saying the best that Kiev…

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Swiss bank faces shareholder wrath

The boss of Credit Suisse has said he is ‘truly sorry’ about the collapse of the 167-year-old firm Credit Suisse Chairman Axel Lehmann apologized to shareholders on Tuesday for failing to contain the crisis which led to the lender’s downfall. The ailing Swiss banking giant was taken over by rival UBS last month.

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Argentina seeks more cash from IMF – Bloomberg

Argentina is in talks with the IMF over a new aid program designed to accelerate the process of exiting from capital controls, Bloomberg reported on Thursday, citing a senior government official.  The IMF is pushing the government to let the currency devalue faster under its so-called “crawling peg,” and keep interest rates above soaring inflation,…

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