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Elon Musk likened himself to the Buddha during an Axios interview, suggesting that DOGE represents a way of life akin to Buddhism. He acknowledged that his efforts to cut federal spending have fallen short, estimating only $160 billion of his $2 trillion goal achieved, while also scaling back his time in Washington to focus on his companies amid significant profit declines. Musk's comments came shortly after President Trump humorously expressed a desire to be pope.
The Federal Council has determined that only a simple majority of the people will decide on new EU treaties, bypassing the need for a majority of cantons, which could significantly impact Switzerland's future relations with the EU. In financial news, UBS reported a first-quarter profit of $1.7 billion, exceeding expectations despite a decline from the previous year, largely due to integration costs from Credit Suisse. The investment bank's performance improved, but the overall market outlook remains uncertain.
UBS has formed a strategic partnership with 360 One WAM Ltd, a leading independent wealth manager in India, to enhance its wealth management services. This collaboration will merge UBS's global expertise with 360 One's local knowledge, allowing clients access to both onshore and offshore services. UBS will also acquire a 4.95% stake in 360 One, with the partnership pending regulatory approval.
The Vatican faces significant financial challenges, particularly regarding its pension system, which risks unsustainability and could hinder future payments. In response, Pope Francis has appointed Cardinal Kevin Farrell to oversee pension reform and has implemented salary cuts for cardinals to pursue a "zero deficit" goal. Urgent structural measures are deemed necessary to ensure equitable pension coverage for current and future employees.
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Elon Musk likens himself to Buddha amid government efficiency efforts
18:26 01.05.2025
Federal Council decides public vote on EU treaties UBS reports strong quarterly profit
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ubs partners with 360 one to enhance wealth management in india
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Vatican faces financial crisis as pension system reform becomes urgent
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