Gap Taps Two New Execs And Remains 'optimistic' In Face Of Flat Revenue

FABRICE COFFRINI/AFP via Getty Images Swiss bank UBS posted a 54% jump in fourth-quarter net profit to $6.6 billion on Tuesday. Although the bank smashed analyst expectations, UBS cautioned on the economic outlook for 2021. UBS' fourth-quarter earnings are the first results under new CEO Ralph Hamers' leadership. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

The UK economy has faced successive lockdowns that have hit businesses and employees hard Matthew Horwoord/Getty Images UK unemployment rate rises to 5%, the highest level since early 2016. Britain's furlough scheme has kept joblessness below other countries. The UK is still battling coronavirus but has rolled out vaccines quickly. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The UK unemployment rate hit its highest level in 5 years in the three months to November, official figures showed on Tuesday, although the government's wage-subsidy scheme kept joblessness lower than in other countries.

MyPillow CEO Mike Lindell at Pulse Twin Cities at US Bank Stadium on May 18, 2018, in Minneapolis. Adam Bettcher/WireImage MyPillow CEO Mike Lindell, a friend of former President Donald Trump, is barred from Twitter. He was cited for violating the platform's civic-integrity policy. Lindell tweeted for Trump to impose "martial law" and repeated baseless election-fraud claims. Visit Business Insider's homepage for more stories. Mike Lindell, the MyPillow CEO who is a fervent supporter of former President Donald Trump, has been permanently suspended by Twitter.

Queue in front of Gamestop store in Christmas atmosphere in Milan during coronavirus emergency, Milan, Italy, on November 03 2020. Mairo Cinquetti/NurPhoto/Getty Images Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning. Have an Amazon Alexa device?

Getty Dr. Anthony Fauci said he was worried that people would do "dangerous and foolish things" after former President Donald Trump suggested injecting disinfectants could be a treatment for COVID-19. After backlash, Trump later claimed he was being sarcastic in his remark. "I just said, 'Oh my goodness gracious.' I could just see what's going to happen," Fauci said when asked during a CNN interview on Monday. Visit Business Insider's homepage for more stories. Top US infectious disease expert Dr.

Alexei Navalny appears in a video published by his team on January 18, 2021. Navalny Live/YouTube The Biden administration called on Russia to release opposition figure Alexei Navalny. The new administration is applying diplomatic pressure on Russia related to Navalny's release and the SolarWinds hack. The New York Times reported that upwards of 3,000 protesters were arrested by Russian authorities as protests spread across the country last week. Visit Business Insider's homepage for more stories. On Wednesday, the Biden administration strengthened its calls for Russia to release opposition figure Alexei Navalny.