News Formal

Swiss investment bank UBS apologises for chief economist’s ‘Chinese pig’ remarks, which sparked outcry online

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Swiss investment bank UBS apologises for chief economist’s ‘Chinese pig’ remarks, which sparked outcry online.

A chief economist at UBS Global Wealth Management and the bank have apologised after making reference to a “Chinese pig”, which sparked online criticism.

Donovan had attributed higher Chinese consumer prices to “sick pigs”. He dismissed the global importance of the price inflation, saying “does this matter? It matters if you are a Chinese pig. It matters if you like eating pork in China. It does not really matter to the rest of the world”. The bank subsequently removed the statements from circulation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ABB names ex-GE exec Maryrose Sylvester to lead US businessABB has appointed industrial and software specialist Maryrose Sylvester as the new head of its U.S. business, the Swiss engineering company said ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »