Switzerland Financial News

24.01 / 17:19

UBS President People moves UBS AM names president as Suni Harford retires

Suni Harford (pictured) took on the role of president of asset management in 2019 after joining UBS in 2017.

24.01 / 17:19

regulation UBS Credit Suisse European Central Bank People moves FINMA Swiss regulator appoints ECB veteran as CEO

Most recently, Walter developed the supervision of global systemically important banks at the European Central Bank in Frankfurt.

24.01 / 13:55

Reuters lending crypto regulation country reports Investigations International Nexo Seeks $3B in Damages from Bulgaria Over Aborted Investigation Affecting US Stock Listing

Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal.

24.01 / 10:41

FIVE Digital Citizens Sustainability Remark Nestle Healthcare Karnataka signs 8 MoUs worth ₹23,000 crore at WEF meet with focus on AI, sustainability, and rural growth

₹23,000 crore of investment into the state at the recently concluded World Economic Forum meet in Davos, Switzerland. Also Read: Karnataka news: Section 144 imposed after quarrel during Lord Ram idol procession in Kalaburagi The state delegation engaged in as many as 50 meetings with industry leaders and signed eight MoUs with different global firms worth ₹23,000 crore "Karnataka successfully signed eight MoUs worth ₹23,000 crore with global companies.

24.01 / 04:57

Manufacturing security Sustainability Parke President country International China's Envision Energy to manufacture wind turbines for Greenko's AM Green

Envision Energy International, and AM Green, a hydrogen and green ammonia venture wholly owned and controlled by the founders of Greenko Group, have signed an agreement to partner in the manufacture of wind turbines for AM Green’s clean energy projects in India and collaborate on green hydrogen projects. The agreement was signed during the World Economic Forum’s Annual Summit in Davos, Switzerland, the companies said on Wednesday. AM Green and Envision will harness complementary capabilities to manufacture, supply, and service wind turbines in India specific to AM Green’s wind turbine requirements. Through its customers, AM Green will look to commit to an offtake of at least 2GW of capacity per year over the next three years.

23.01 / 19:09

markets Digital Booking Platform security Trade Taurus Deutsche-backed Taurus Receives Green Light to Introduce Tokenized Securities for Retail Clients

Fintech firm Taurus has received regulatory approval from Switzerland’s financial regulator to offer tokenized securities to retail clients. In a press release published January 23rd, Taurus announced that it had received regulatory approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to make its financial services and TDX Marketplace available to retail clients.

23.01 / 17:26

UPS Research Universities country electronic Department 22 Indian-origin scientists to take up collaborative research with institutes in country

Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.

23.01 / 10:13

markets Healthcare reports European shares flat as losses in healthcare outweigh miners

stocks partially offset a jump in miners, while focus remained on the European Central Bank's policy meeting due later this week for signals on the interest rate trajectory.

23.01 / 10:13

Digital CEO Trade reports Schools International Computer parts maker Logitech works for growth after beating forecasts

Logitech International's new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third-quarter revenue that beat expectations. The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.

22.01 / 18:31

UPS CEO Sustainability wellness show country inclusion Getting down'n'desi in Davos

businesses took place at Davos. As has been the norm, India had strong representation, with multiple states putting up lounges to attract global investor attention. In fact, some lounges on the promenade gave one the impression of walking in Delhi on a chilly morning.

22.01 / 17:19

BLOCK Trade country social reports travelers rights India, EFTA get ready to ink trade deal after 16 years of negotiations, key issues resolved: Official

European Free Trade Association (EFTA)—the four-nation trading block comprising Iceland, Liechtenstein, Norway, and Switzerland—are close to signing a trade agreement after both sides have reached an understanding on key issues, news agency PTI reported citing a senior official on Monday. "Following extensive negotiations, a shared understanding has been achieved on key issues during the ministerial meeting. Ongoing efforts are now focused on shaping the convergence that has emerged," the news agency quoted the official as saying Commerce and Industry Minister Piyush Goyal held a meeting recently with Swiss Federal Councillor Guy Parmelin in Mumbai.

22.01 / 16:23

Cooper Trade stage country social travelers rights India, EFTA bloc trade deal talks at an advanced stage: Official

free trade agreement between India and the four-nation EFTA bloc are at an advanced stage as both sides have reached a shared understanding on key issues, a senior official has said. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. India and the EFTA have been negotiating the pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), since January 2008 to boost economic ties.

22.01 / 12:05

Provident film Actor audience hospital reports Relationships Mumbai Saif Ali Khan hospitalised; actor set to undergo surgery for fractured knee and shoulder in Mumbai

Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute in Mumbai, reportedly due to a fractured knee and shoulder.

22.01 / 06:01

markets UPS Manufacturing NVIDIA Trade Department Investigations Why America’s controls on sales of AI tech to China are so leaky

tightened restrictions on the sale of American semiconductors to China. But Nvidia, the world’s most valuable chipmaker, had immediately started developing a new, slightly less powerful artificial-intelligence (AI) chip for the Chinese market, to which the restrictions would not apply. “If you redesign a chip…that enables [China] to do AI, I’m going to control it the very next day," Ms Raimondo warned.

21.01 / 21:15

markets UPS CEO Trade President country World leaders debate global carbon tax at World Economic Forum

Billionaire businessman David Rubenstein argued at the World Economic Forum former President Trump has a clear shot at victory.

21.01 / 17:55

UPS wellness students show inequality DD, the latest trendy craze in Davos

elite where the air is thin, and so are the excuses for attending. Of late, a new recreational sport has developed out of the annual World Economic Forum (WEF, not WFH) summit held in the Swiss ski resort: Davos-dissing (DD). This year it's as trendy as a Hermes Togo Birkin 20 black bag.

21.01 / 17:53

COST UPS pandemic students country reports PG-rated living gets trendy in the US, UK

millennials and Gen Z in these two countries is once again driven by economics. Living with parents (LWP) reached an all-time high during the pandemic. But that merely gave LWP a 50% boost. 2021 US Census reports that 23 million (45%) 18-29-year-old Americans were living with parents.

21.01 / 08:11

UPS Action economy War social Headlines At Davos, leaders talked big on rebuilding trust. Can the World Economic Forum make a difference?

Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world

21.01 / 07:27

Citi Metro track exclusive travelers Department Interviews Indian Railways explores collaboration with Swiss counterpart for efficiency boost

Indian Railways is considering a strategic collaboration with the Swiss railway system to enhance its operational efficiency. Railway Minister Ashwini Vaishnaw revealed plans to glean insights from Swiss best practices, specifically focusing on the hub-and-spoke model and advanced tunnelling technology. Learning from Swiss Excellence: In an exclusive interview with PTI during the World Economic Forum Annual Meeting, Minister Ashwini Vaishnaw highlighted the significant learning opportunities arising from potential collaboration with Switzerland.

20.01 / 15:05

markets Provident Department Ram Temple inauguration: Bombay HC to hear plea against public holiday on 22 Jan in Maharashtra

22 January. The Department of Personnel and Training also declared half working days in central government offices on the day of Ram Temple's inauguration in Ayodhya. Maharashtra government on Friday announced a public holiday in the state on 22 January.

20.01 / 04:49

Digital Cooper CEO Remark Election country social Davos 2024: Leaders leave WEF with a hope to rebuild trust

the World Economic Forum in the snow-clad resort came to an end on Friday, emergence of artificial intelligence, never-ending geopolitical tensions, and the outcome of what's in store when half of the world's population is going to elect a new government this year, including in India and the US, dominated the Swiss Promenade talks. But for the outcome of the summit as Rich Lesser, chairman of Boston Consulting Group, said, “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions".

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