- The United States will deliver Abrams tanks to Ukraine by the fall of 2023 — significantly faster than expected — while Patriot air defenses will also arrive on an “expedited timeline,” the Pentagon said Tuesday.
- In coordination with Kyiv, Washington “made the decision to provide the M1A1 variant of the Abrams tank,” Press Secretary Brigadier General Pat Ryder told journalists.
Read More at thedefensepost.com
- Japanese Prime Minister Fumio Kishida will meet Ukrainian President Volodymyr Zelensky during a surprise visit to Kyiv on Tuesday to offer "solidarity and unwavering support," Japan's foreign ministry said.
- Kishida is the last G7 leader to visit the war-torn country and has come under increasing pressure to make the trip, as Japan hosts the grouping's summit this May.
Read More at ndtv.com
- EU foreign ministers agreed on a two-billion-euro plan to raid their own arsenals and jointly purchase desperately needed artillery shells for Ukraine.
- Meeting in Brussels, the ministers backed a multipronged initiative -- to be endorsed by EU leaders at a summit this week -- that aims to provide Ukraine with one million shells in the next 12 months as well as replenish EU stocks.
Read More at kyivpost.com
- The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, which are widely regarded as relatively risky investments, will be written to zero as part of the deal.
- The move has angered Credit Suisse AT1 bondholders as their investments have seemingly been lost.
- Credit Suisse’s takeover deal, worth $3.2 billion, by rival Swiss bank UBS was agreed Sunday with the help of Swiss authorities.
Read More at cnbc.com
- UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote as they rush to announce a deal before Monday.
- The all-share deal between Switzerland’s two biggest banks will be priced at a fraction of Credit Suisse’s closing price on Friday, all but wiping out the target’s shareholders.
Read More at www.ft.com