Switzerland Financial News

16.05 / 18:07

security Apple Remark Trade Chubb track reports stake Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

Warren Buffett’s Berkshire Hathaway is disclosing a new $7 billion stake in fellow insurer Chubb

16.05 / 12:41

COST Provident Strategy wellness International UBS asset management leadership gets a refresh

UBS Group AG’s new head of asset management reshuffled the unit’s leadership, the latest overhaul at the bank as it integrates Credit Suisse.

16.05 / 06:39

markets CME Trade Bitcoin reports Chicago Mercantile Exchange Eyes Bitcoin Trading to Seize Growing Market Demand: Report

The Chicago Mercantile Exchange (CME) is reportedly planning to launch Bitcoin trading, seeking to capitalize on the swelling demand for Bitcoin among Wall Street fund managers this year.

16.05 / 00:23

Provident Apple Chubb show track reports Updates stake Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

annual shareholders meeting earlier this month. Berkshire sold off a little over 116 million Apple shares in the quarter — accounting for about 13% of its stake — to trim its biggest single investment. But it still holds nearly 790 million Apple shares, and Buffett told shareholders that he expected the iPhone maker to remain a long-term holding.

15.05 / 20:53

UPS President country Inside Courts Investigations Son-in-law of top opponent of Venezuela's president pleads guilty to US money laundering charges

The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the state-owned oil company

15.05 / 16:51

markets UPS Man Parke Tesla love Features Move over Tesla, the man who made the Bricklin is back — with an EV

Malcolm Bricklin hates lying in bed. He’s 85, and he can feel the life “draining right out of him” when he’s stretched out on a mattress. Instead, he gets up with the birds, gets dressed and gets out of the door ASAP, then climbs into a cherry-red, three-wheeled electric vehicle with his name on the back that is parked in his driveway.

15.05 / 15:59

NFT NFT Marketplace NXT exclusive Mercedes-Benz NXT Partners with Mojito to Launch New NFT Collection

Mercedes-Benz NXT, the German automotive giant’s Web3 arm, is launching a new non-fungible token (NFT) collection in partnership with Mojito, a suite for creating NFT marketplaces.

14.05 / 17:47

UPS Sony Trade electronic reports Sony Group, The Container Store rise; Alibaba, Smart Sand fall, Tuesday, 5/14/2024

Stocks that are trading heavily or have substantial price changes on Tuesday: Sony Group, The Container Store rise; Alibaba, Smart Sand fall

14.05 / 13:17

cover UBS makes AT1 bonds worth $5bn available for equity conversion

In a statement on Monday (13 May), the Swiss lender said that as of 10 May, the instruments would be subject to equity conversion and no longer subject to write-down in the occurrence of a trigger or viability event. The future of AT1 bonds one year on from the collapse of Credit Suisse The decision covers four outstanding AT1 issuances made since November 2023, three amounting to a total of $4.5bn and another valued at 650 million Singapore dollars ($480m). In November, UBS issued its first AT1 bonds since taking over Credit Suisse in March 2023, when $17bn wor...

14.05 / 05:45

Google security Discover Browser country recommendations Updates Urgent Security Alert: New zero-day vulnerability discovered in Google Chrome, CERT-In issues high-severity warning

CERT-In’s latest security bulletin, the vulnerabilities in Google Chrome could allow a remote attacker to compromise a user's system. The issues identified include a use-after-free error in the visuals and angle components and a heap buffer overflow in WebAudio.

13.05 / 19:47

WhatsApp wellness reports Courts Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAs

asset reconstruction companies have shown interest in acquiring a nearly ₹13,500-crore loan portfolio of Indian Overseas Bank (IOB), three sources familiar with the development said. Among the ARCs expressing interest are Edelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC. IOB has set a deadline of May 28 for the submission of bids for the portfolio of ₹13,472 crore of loans, following the closure of the expression of interest today. In the event of a single bid for any portfolio, the bank will conduct a Swiss auction, using that sole bid as the anchor, according to the notice issued by the bank on its official website.

13.05 / 08:23

Blockchain Digital CEO Platform security Research reports Switzerland-based GriffinAI Project Launches to Build More Capable AI Agents on-chain

GriffinAI, launched in Switzerland by crypto veteran Oliver Feldmeier, aims to enhance AI Agents capabilities by integrating them into a secure, decentralized network. The project’s first set of agents focus is on improving DeFi experiences via advanced AI agents like ELANN.AI. Upcoming steps include a mainnet launch and the release of a technical whitepaper on May 15.

12.05 / 08:21

Booking wellness country reports travelers Destinations Spurned by Schengen, Indians are being swayed by the lure of liberal visas

NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.

12.05 / 05:15

UPS show stage song singer rights Switzerland's Nemo triumphs at Eurovision Song Contest; Netizens say, ‘amidst the chaos, a fairytale wins out’

AFP, Swiss rapper and singer Nemo, aged 24, clinched victory in the contest with their song “The Code," blending elements of drum-and-bass, opera, rap, and rock. The song explores Nemo's personal journey of self-discovery as a non-binary individual. “‘The Code’is about the journey I started with the realization that I am neither a man nor a woman," Nemo said.

12.05 / 02:51

performer country voice social song singer Eurovision 2024: Social media outrage over participation of Israel ‘when Ukraine and Israel get most votes from…’

Also Read: Eurovision 2024 final mired in controversy over Israeli participation, expulsion of Dutch contestant | 5 points The voice of thousands of pro-Palestine protesters demonstrating in Malmo reverberated on social media as several users criticised Israel's participation and its performance. Swiss singer Nemo won the contest and became the first non-binary artist to lift the trophy. However, what drew social media's attention was the significant amount of scores awarded to the Israeli contestant.

10.05 / 14:41

markets Blockchain Ethereum Platform Analysis Trade show WAX to MATIC: Time to Swap?

Decentralization has led to the emergence of hundreds of new altcoins, NFTs, and stablecoins with varying use cases. Among these new crypto are WAX and MATIC, two exchangeable tokens that are a must-have for anyone looking to invest in blockchain.

10.05 / 11:47

UPS Target Gap Bill stars Relationships UBS mulls bonuses for wealth management referrals

UBS Group AG is considering introducing a reward system for investment bankers who refer clients to the firm’s wealth management business, according to people with knowledge of the matter.

09.05 / 13:49

Provident Manufacturing Food Nestle testing recommendations Investigations Indian food regulator to review the points of entry for food imports as it tightens the screws on shipments

Mint. “It has been decided to notify authorized officers at only 155 specified points of entry for food imports clearance till further orders," Rao added. Queries sent to the FSSAI spokesperson were not answered immediately.

08.05 / 13:05

Google Opinion country reports inequality Nearly 75% of Indians believe that global corporations are a threat to democracy: Report

Democracy Perception Index revealed a striking sentiment among Indians, with nearly 75% expressing concern that global corporations pose a threat to democracy. As per the survey findings, after economic inequality and corruption, global corporations are viewed as the third most significant threat to democracy. The US also stands out as among the countries with the highest levels of the perceived threat from global corporations. India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.

08.05 / 12:21

markets security Strategy Trade International Julius Baer International makes Pictet hire to boost markets advisory offering

Working closely with the markets team in Zurich, Lupi will identify a strategy to build and broaden the firm's markets offering, ranging from derivatives and securities to foreign exchange and structured products. Lupi joins the firm from Pictet's London office, where he was in charge of global market trading. He joined the Swiss firm in 2011 as a senior managing director, based in Singapore. Jefferies reiterates 'Buy' rating for Julius Baer on rebound potential «I am thrilled to join Julius Baer International in this new role as the company continues to sharpen the personalised o...

07.05 / 19:31

Cooper CEO Airlines Experts travelers Relationships International Air India, Lufthansa deepen ties in 'rare' code-sharing pact

Air India and Lufthansa have strengthened their relationship with the German major expanding the code-share agreement on the popular India-Australia route. Under this new pact, passengers of Lufthansa, from its hub in Frankfurt and Munich, will be able to travel to Sydney and Melbourne via Delhi and Mumbai airports on Air India.

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