Pakistan is likely to face serious political and economic instability after the country’s three-time Prime Minister Nawaz Sharif is ousted from power by the Supreme Court following a corruption investigation into his family’s wealth. “He is no more eligible to be an honest member of the parliament, and he ceases to be holding the office […]

The Swiss franc was on track for its biggest monthly drop in six years Friday after it recorded a fourth consecutive day of losses, prompting analysts to suggest that the appreciation of the “safe haven” currency may be losing steam. The sudden drop came as a surprise to investors given the Swiss currency’s reputation for […]

AstraZeneca saw more than £10 billion ($13.08 billion) wiped off its market value on Thursday, yet one of Britain’s most influential investors argued the pharma giant’s investment case remains “very, very attractive.” Shares in the ailing Anglo-Swedish pharmaceuticals group tumbled almost 16 percent Thursday, hitting its lowest level in five months after the firm announced […]

A driver in the United Kingdom has destroyed his £220,000 ($288,000) supercar in an accident after owning it for just one hour. Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 “went airborne and burst into flames” in South Yorkshire on Thursday. In […]

A commuter train crashed into a buffer in Barcelona’s Francia terminus on Friday morning, injuring at least 54 people, one of them seriously, emergency services said on Friday. The force of the crash crumpled the front of the train against the buffer and detached a sheet of metal. Twenty of the injured, including the driver, […]

Drinking alcohol three to four times per week could significantly reduce a person’s chances of developing diabetes, according to a new study. Wine is tipped to be the most beneficial, followed by beer, but researchers warn that clear spirits, such as gin and vodka, could substantially increase a woman’s chances of succumbing to the condition. […]

British Airways owner IAG said on Friday that it expects operating profit for 2017 to show a double-digit percentage improvement following a strong second quarter, despite a massive power outage which grounded some flights. IAG said that operating profit for the six months to June 30 was 975 million euros, up 37.3 per cent compared […]

U.K. lender Barclays reported a net loss of £1.21 billion ($1.58 billion) for the first half of 2017, hit by the fall in sterling, a charge from the mis-selling of payment protection insurance and a loss from the sale of its Africa unit. Here are the key metrics: H1 profit before tax: £2.3 billion ($3.01 […]

Credit Suisse reported a strong rise in net income for its second quarter on Friday, adding that assets under management had hit new highs for the bank. Here are the key second-quarter metrics: Net profit: $312.6 million vs. expected $311.3 million, according to Thomson Reuters. Revenue: $5.36 billion vs. expected $5.35 billion, according to Thomson […]

Every person’s first foray into the working world teaches them something about who they are: whether that’s who they want to be – or not want to be, interactions with new environments and learning key life skills. For Julio Bruno, the chief executive of global media and entertainment business Time Out Group, he got his […]