Switzerland Financial News

07.05 / 14:17

Digital Entertainment Mobile Healthcare Trade NXT country Hindujas get a 360-degree makeover but need to smoothen rough edges

Ashok Leyland, the group’s flagship company run for decades with strong professionals, also recently said it will launch six new LCV truck models in the next 12 months. Both the above are in the realm of possibilities and indicate potential growth trajectories for the group. The contrast between the Hinduja Group’s past and its present form is striking and multi-faceted.

07.05 / 13:01

UPS Target Progressive Sustainability performer reports Wealth management unit helps propel UBS back to profit

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.

07.05 / 11:03

CBDC Swiss National Bank SIX Swiss Exchange Swiss National Bank Chair Jordan Discusses Two Alternatives to Wholesale CBDC

The Swiss National Bank’s (SNB) chairman of the governing board, Thomas Jordan, noted that the bank is exploring best ways to tokenize financial assets.

07.05 / 07:05

UPS wellness Trade Bitcoin show Videos Where Bitcoin is going to be in 10 years...especially if it teams up with AI

For some, it's a bubble, for others, it's a huge investment opportunity. Bitcoin went a lot further than many would have imagined in January 2009, but it has yet to show its full potential.

07.05 / 05:25

UPS Waves Action Death Research country rights Equitable survival: Climate action needs to be gender just

The European Court of Human Rights recently ruled in favour of KlimaSeniorinnen (Senior Women for Climate Protection), an association of more than 2,000 Swiss women, all above the age of 64, who had filed a case against the Swiss government for its failure to cut greenhouse gas emissions, which has put them at a greater risk of dying during heatwaves because of their age and gender. The ruling made the Swiss government accountable for violating its citizens’ Right to Life and Health, and created a binding legal precedent for all 46 countries that are part of the European Convention on Human Rights.

05.05 / 12:17

MET wellness pandemic travelers Profiles Kentucky governor predicts trip to Germany and Switzerland will reap more business investments

Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky

03.05 / 12:01

markets UPS Target Manufacturing Sustainability travelers Swiss Military to invest Rs 56.5 crore on new manufacturing unit in Haryana

Swiss Military on Friday said it will set up its first fully owned manufacturing unit in India in Haryana with an initial investment of Rs 56.5 crore. The company plans to set up its first fully owned manufacturing unit for luggage and travel gear in Faridabad, Haryana, Swiss Military Consumer Goods Ltd said in a statement. Spread over 1.21 acres and a built-up area of about 85,000 sq ft, the proposed plant will have a production capacity of 10 lakh pieces per year, it added. The targeted completion for the manufacturing unit will be within 8 months by Dec 31, 2024 at an initial investment of Rs 56.50 crore, the company said.

30.04 / 16:05

Target Google Apple Experts Universities reports Features Apple forms secretive AI lab in Zurich, hiring 36 ex-Google experts to target advanced AI development: Report

Apple has hired 36 specialists from Google, following the recruitment of John Giannandrea, Google's former head of AI, as Apple's top AI executive. Additionally, the Zurich lab has attracted notable AI experts, including ex-Google employees like Bengio and Ruoming Pang, adds the report. Apple's primary AI development centers are located in California and Seattle, but the Zurich lab reportedly represents the company's increased commitment to AI.

29.04 / 10:37

markets Food Nestle wellness country reports International Infant food formulation done on global basis, racial stereotype charges unfortunate: Nestle

Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company's infant food formulation for children below 18 months is done on a global basis and the allegation that «it is racially stereotyped is unfortunate» and untrue. Addressing reporters here, he said the amount of sugar content in infant foods is determined by the capability to meet the nutrition profile of a particular age group and that is universal. Nestle India's added sugar content in Cerelac is much lower than the upper limit prescribed by FSSAI, he added. «There is nothing in this product that makes it a product that is potentially of any risk or any kind of harm to the child,» he said.

28.04 / 12:45

FIVE Cooper Election wellness Trade stage country Building aircraft, ships, rail equipment to get policy boost

₹5,000 crore may be offered for developing the ecosystem for building inland vessels in the country to support movement of cargo on national waterways. Capital support may also be considered for producers of sea bound vessels at a later stage. At present 14 PLI schemes with an outlay of ₹ 1.97 trillion are under implementation for five years from FY22.

27.04 / 06:41

War International Sporting athletics Palestinian athletes to be invited to Paris Olympics

Palestinian athletes are expected to compete at the Paris Olympics, with some set to be invited by the International Olympic Committee (IOC) even if they fail to qualify, its head Thomas Bach said. Bach told AFP on Friday that qualification events for the Paris Games, which start on July 26, were ongoing for a number of sports.

27.04 / 01:35

markets Action Food Everest country testing Updates Mint Explainer: The brouhaha behind India’s masala mixes and their contamination

Singapore Food Agency also directed a recall of a spice mix produced by Everest. In June 2023, the US Food and Drug Administration (FDA) had ordered a recall of spice mixes of Everest and Maggi Masala-ae-Magic as it found those contaminated with Salmonella bacteria. A few years earlier, in September 2019, a batch of MDH’s spice mix had been recalled for the same reason.

26.04 / 14:27

FIVE security wellness Cartier Courts Investigations Former SNC-Lavalin executive sentenced to prison term in bridge bribery case

A former SNC-Lavalin Group Inc. executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal, the RCMP say.

25.04 / 18:05

markets Food Nestle Everest Experts country testing Mint Primer | Here's food for thought: How safe is your child’s dinner plate?

Prominent brands are under the scanner for selling sugary infant food, chicken fed with antibiotics, and spices peppered with cancer-causing chemicals. Naturally, experts are concerned about lax regulations. Mint reviews the safety and quality of our packaged food: Last week, Swiss watchdog Public Eye said Nestle adds excess sugar to its infant milk and cereal products sold in low- and middle-income countries, including India, but not in developed markets.

25.04 / 08:43

UPS Career CEO reports International Bank cuts the safest jobs in Europe after 90% fall in profits

If there's one bank that's been consistently bullish about recruitment, it's Alantra, the mid-market Spanish investment bank that's been expanding for the past few years. More recently, however, Alantra's expansionary message has become a bit more equivocal.

24.04 / 18:17

UPS Flushing wellness trends love beautiful pop Best Blushes for Summer that help you achieve a natural flushed look

24.04 / 07:11

markets UPS Citi CEO country International Hitachi Energy eyes expansion in India amid rising power demand

Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to the government ramping up generation, including in renewable energy. «We are looking at Hyderabad for our GCC… and also looking at Pune. It might take six months to one year,» said Venu Nuguri, the managing director and CEO of the company's India unit.

24.04 / 04:57

markets Blockchain Cardano Platform Rust Diversity Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development

The Cardano Foundation unveiled PRAGMA on April 22, a strategic initiative designed to propel open-source development within the Cardano blockchain ecosystem and beyond.

24.04 / 01:31

markets COST JPMorgan Platform BlackRock 2020 UBS dials back China fund plans on costs, grim outlook

UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said. The Swiss bank will instead rely on existing joint ventures to expand in China's mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.

23.04 / 20:05

Citi Fox Airlines JetBlue reports Traffic International Swiss Air flight takeoff from NYC to Zurich aborted after 4 jets cleared to cross runway: report

Brian O'Neil recorded this video while taxiing at Boston Logan International Airport onboard JetBlue Flight 777 to Las Vegas Feb. 8, 2024.

23.04 / 13:29

UPS students country travelers Indians can now stay in Switzerland, Amsterdam for up to 2 years like visa-free nationals. Check details

Schengen visa rules for Indians, the strength of Indian passport is arguably set to grow with travel to 29 European countries getting seamless and hassle-free. Incidentally, Indian passport is currently ranked at 85, as per Henley Passport Index for 2024 that ranks 199 nations based on the strength of their passports. Our neigbouring country Pakistan is ranked at 106, while Bangladesh at 102.

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