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Saudi investments to aid cash-strapped Pakistan

A record investment package being prepared by Saudi Arabia for Pakistan will likely provide welcome relief for its cash-strapped Muslim ally, while also addressing regional geopolitical challenges, analysts say. At the heart of the investment is a reported $10 billion refinery and oil...

UBS overhauls pay policy for 10,000 employees

UBS AG (UBSG.S) has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times reported on Sunday. Employees working in the Swiss bank’s “corporate center”, which...

Turkey calls on China to close internment camps for Muslims

Turkey called on China to close its internment camps for Muslims, saying the camps which reportedly hold a million ethnic Uighur people are a “great shame for humanity”. Last week, rights activists urged European and Muslim nations to take the lead in establishing a U.N. investigation...