The world in brief

In today's edition: UBS gets a new boss, Chinese banks report results and Jair Bolsonaro returns to Brazil

The sack of Silicon Valley

Where have all the laid-off tech workers gone?

The next shoe to drop

Commercial-property losses will add to banks' woes

A delicate manoeuvre

As Taiwan's president visits America, a former leader travels through China. The two unofficial trips could exacerbate current tensions

• manoeuvre: 동작; 묘책; 움직이다; 계책을 부리다

<Reference: Economist>