It is regarded as the largest partnership of China’s Belt and Road Initiative . It increased to over $62 billion over time, and no less than $25 billion was invested in cash-strapped Pakistan. Keep abreast of significant company, financial and political developments around the globe. Stay informed and spot rising dangers and alternatives with independent international reporting, expert commentary and evaluation you’ll be able to trust. Efforts to merge the 2 banks have involved brutal job cuts, designed to chop costs and to avoid duplicating roles throughout the new group. UBS bosses confirmed they’d slashed more than 4,000 jobs between…