Global Markets on Edge: UBS Warns of Credit Crisis as Geopolitical Tensions Flare

Key TakeawaysUBS Group AG (UBS) warns private credit default rates could surge to 15%, a level higher than the Global Financial Crisis, driven by rapid AI-driven disruption in the technology sector.The US Embassy in Israel has authorized the departure of non-essential personnel and urged citizens to consider leaving while commercial flights remain available due to heightened security risks.Geopolitical energy risks intensified as Ukraine struck a Russian oil depot in Luhansk, while the Kremlin briefed Turke ...