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A Swiss parliamentary inquiry revealed that secret meetings and mistrust among officials hampered the government's response to Credit Suisse's 2023 collapse. Undocumented "non-meetings" and downplaying of the bank's problems left key ministers uninformed, hindering preparations for the eventual UBS takeover. This secrecy, intended to protect Switzerland's reputation as a financial haven, ultimately contributed to the crisis.
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WHO Director-General highlighted the escalating climate crisis, emphasizing its potential to worsen global divisions. He stressed the urgent need for peace and collaboration, citing the crisis's impact on health. Meanwhile, India showcased its commitment to combating land degradation and desertification at the UNCCD CoP16, underscoring its efforts towards sustainable development.
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Public sector borrowing was 11.2bn last month, the lowest November figure since 2021.
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