The big Swiss bank UBS awarded some of its investment bankers millions of dollars in bonuses for their work last year. Now, according to The Wall Street Journal, it's taking some of that money back.
RENEE MONTAGNE, HOST:
Or clawing it back. That's our last word in business today. Claw back provisions implemented after the financial crisis allow banks to recover bonuses from employees. A trading scandal last year cost UBS more than $2 billion and pushed it into the red.
Russia's support for Syrian President Bashar Assad has put it at odds with other countries in the Arab world.
Russia drew a lot of flack from Arab countries and the West when it vetoed a U.N. Security Council resolution aimed at pressuring Assad to stop his crackdown on protesters. That has some analysts in Russia doubting whether the Kremlin really has a cogent strategy for the Middle East.
The dilemma for Russia policy in the Arab world can be illustrated by two very different events that took place this week.
Morning Edition has been asking people what music makes them move, in order to create The Ultimate NPR Workout Mix. The mix already includes a good selection of Kanye West, 2Pac and Madonna — which is just fine for some people.
Donald Trump won't be living in the White House, but his brand will be a few blocks away. The Obama administration has chosen Trump to redevelop the Old Post Office. His company plans to build a luxury hotel in that stone Victorian landmark in Washington, D.C.
Syria's turmoil has overshadowed but not stopped talk about war in another country - Iran. The usual scenario is that Israel might strike Iranian nuclear facilities, with or without the approval of the United States. In The Daily Beast, historian Niall Ferguson dismissed concerns about a strike. In the Washington Post, David Ignatius wrote that U.S. officials oppose an Israeli strike but think it may come in the spring.
We put some basic questions to Karim Sadjadpour of the Carnegie Endowment for International Peace.
Starbucks last week announced a plan to open stores in India by the end of the year. Let's follow up on that. This move might certify India as a rising coffee-drinking power, but it also signals a cultural change in a country that is devoted to tea. Elliot Hannon reports from New Delhi.
ELLIOT HANNON, BYLINE: The sound of a barista hard at work may be a familiar one in the U.S. or in Europe.
UNIDENTIFIED PERSON: Cappucino would be fine, ma'am?
The deal Greek officials are working on includes several more painful concessions. Among them, reducing the minimum wage.
Joanna Kakissis reports from Athens on how strong unions secured those wages and why some economists say those guarantees have to go.
JOANNA KAKISSIS, BYLINE: The minimum wage in Greece is about one $1,000 a month before taxes. International lenders say it must be reduced to about $780 a month to make the Greek economy more competitive.
Some British companies are fuming over where the tickets for this summer's London Olympic games are being printed. Specialty printer Weldon, Williams and Lick in Fort Smith, Arkansas, won the contract.