Today: October 18, 2024
Today: October 18, 2024

Latest From John Revill

Business|Environment|US

Environment groups call on Holcim to cut carbon footprint ahead of US spinoff

U.S. environmental groups have stepped up a campaign to get cement maker Holcim to curb its carbon footprint, writing to its chairman and potential investors in its

Environment groups call on Holcim to cut carbon footprint ahead of US spinoff
Business|Europe|Finance

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

As the Swiss National Bank's new chairman Martin Schlegel takes office this week, the jury is out on the central bank's handling of the Credit Suisse crash and its

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma
Business|Crime|Finance

Swiss court convicts two executives over $1.8 billion 1MDB fraud

The Swiss Federal Criminal Court convicted on Wednesday two executives at an oil exploration company for embezzling more than $1.8 billion from

Swiss court convicts two executives over $1.8 billion 1MDB fraud
Business|Finance

Holcim positive on U.S. demand after Q1 profit beat

Holcim expects strong demand in North America to continue this year, the building materials and cement maker said on Thursday, after beating first-quarter profit

Holcim positive on U.S. demand after Q1 profit beat
Economy|Europe|Finance

Swiss National Bank vice chairman hints at further rate cuts

The Swiss National Bank could cut interest rates again this year, Vice Chairman Antoine Martin said on Thursday, citing the current moderate economic growth in the

Swiss National Bank vice chairman hints at further rate cuts
Business|Economy|Europe|Finance|Stock Markets|US

Swiss National Bank hints at further rate cuts after latest reduction

The Swiss National Bank reduced interest rates by 25 basis points on Thursday, echoing steps to lower borrowing costs by the European Central Bank and U.S.

Swiss National Bank hints at further rate cuts after latest reduction
Business|Economy|Finance

UBS industry customers increasingly critical, survey finds

Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS, notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a

UBS industry customers increasingly critical, survey finds
Business|Economy|Entertainment|Europe|Lifestyle

Swiss choose Basel to host 2025 Eurovision Song Contest

Next year's Eurovision Song Contest will be held in the Swiss city of Basel, the event's organiser said on Friday, setting it up for an economic boost from the

Swiss choose Basel to host 2025 Eurovision Song Contest
Business|Economy|Europe|Finance

Swiss National Bank presses ahead as rate cutting front-runner

The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easing price pressures that allowed it to maintain its position as a

Swiss National Bank presses ahead as rate cutting front-runner
Business|Economy|Finance|Stock Markets

UBS market strength puts Swiss industry on edge

UBS's takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank's outsize market strength.

UBS market strength puts Swiss industry on edge
Business|Economy|Finance

Holcim takes 'rock star' North American business to Wall Street

Holcim Chief Executive Jan Jenisch on Monday described his company's North American operation, which the Swiss building materials firm plans to spin off next year, as

Holcim takes 'rock star' North American business to Wall Street
Business|Finance|Travel

Zurich Insurance buys AIG travel business in $600 million deal

Zurich Insurance on Wednesday announced a $600 million deal to buy AIG's global personal travel insurance and assistance business.

Zurich Insurance buys AIG travel business in $600 million deal
Business|Europe|Finance|Technology

Swiss launch instant payments to catch up with Europe

Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are

Swiss launch instant payments to catch up with Europe
Business|Economy|Finance|Technology

Siemens misses profit forecast as customers stick to trend of destocking

Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected.

Siemens misses profit forecast as customers stick to trend of destocking
Business|Science|Technology

ABB buys tech company to give industrial robots eyes and brains

ABB has bought a company specialising in boosting the mobility of industrial robots - by using artificial intelligence and 3D vision to move around factories and

ABB buys tech company to give industrial robots eyes and brains
Business|Europe|Finance|News

Bankers who helped Putin's friend move millions via Swiss bank accounts lose appeal

Four bankers who helped a friend of Russian President Vladimir Putin move millions of francs through Swiss bank accounts have lost their attempt to overturn

Bankers who helped Putin's friend move millions via Swiss bank accounts lose appeal
Crime|Europe|News|World

Ukrainian children abducted by Russia left with psychological scars, campaigners say

Russia's abduction of Ukrainian children is an attempt to steal the country's future and has left the youngsters with deep psychological scars,

Ukrainian children abducted by Russia left with psychological scars, campaigners say
Business|Europe|Finance|News

Race to appoint new Swiss central bank chief nears end

The Swiss National Bank's supervisory board is in the final stages of deciding its candidate to replace outgoing Chairman Thomas Jordan, people familiar with the

Race to appoint new Swiss central bank chief nears end
Economy|Europe|News

Swiss weapons exports plunge as neutral stance hurts trade

Swiss weapons exports fell by more than a quarter last year, the government said on Tuesday, with critics blaming the country's neutral stance which has blocked the re-

Swiss weapons exports plunge as neutral stance hurts trade
Business|Europe|Food

Nestle CEO Schneider was ousted after underperformance, sources say

Nestle CEO Mark Schneider was ousted in a sudden decision by the world's biggest foodmaker as a result of the group's underperformance, three

Nestle CEO Schneider was ousted after underperformance, sources say

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