Credit Suisse takes US$4.7bn hit

Credit Suisse Group AG yesterday said that it had taken a US$4.7 billion hit from its links to troubled hedge fund Archegos Capital Management LLC, cut dividends and announced the departure of two ... ( read original story ...)

Taiwan imposes water rationing as drought worsens

More than one million households and businesses in Taiwan's heavily industrialised central regions were put on water rationing Tuesday, as the island battles its worst drought in 56 years. The ... ( read original story ...)