• Top global leaders to attend WEF meet amid Gaza, Ukraine war

    Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World Economic Forum in Davos next week dominated by the war in Gaza, the WEF said Tuesday. Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li...

  • KPMG to merge UK, Swiss ops

    The UK unit employs about 17,000 staff and the Swiss over 2,600.

  • AD Ports Logistics signs deal with Acino for freight services

    Abu Dhabi, UAE-- AD Ports Logistics (ADPL) has signed an agreement with Acino to provide the Swiss company with global freight-forwarding services, inclusive of sea and air transport in the Middle East and North Africa (MENA) region. The agreement will see ADPL leverage its fully integrated and GDP-certified end-to-end pharma...

  • UBS in talks to acquire embattled Credit Suisse: report

    The Swiss National Bank (SNB) and financial markets watchdog FINMA told their US and British counterparts their "plan A" to stop the crisis of confidence facing Credit Suisse was to merge it with UBS, the FT reported Friday, citing unnamed sources. The Swiss central bank "wants the lenders to agree...

  • Swiss banks hold cash ’embezzled’ by Lebanese central bank chief: Report

    Lebanese central bank chief Riad Salameh is accused of embezzling millions of dollars. He faces faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon and abroad after he amassed a fortune in the country mired in financial crisis.

  • Five centuries old Swiss graffiti found in Jerusalem

    Researches believe Swiss knight Adrian von Bubenberg, who is believed to have visited the holy city in 1466, may have marked his name alongside his family emblem on a stone ceiling.

  • War casts its gloom on Swiss watch industry

    Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

  • WEF says ‘will defer’ Davos meeting over Omicron fears

    The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be held in "early summer", the organizers said. Last year's edition was canceled because of the pandemic.

  • Saudi-Swiss investment to touch $3.2bn by 2030

    The Saudi-Swiss Investment Forum aims to touch $3.2bn of financing by 2030. The body, launched on 25 October in Riyadh, will also back Swiss companies who want to invest in the kingdom.

  • Qatar Investment Authority deals a blow to Credit Suisse, lowers stake

    The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making it the bank’s biggest shareholder In yet another crushing blow to the standing of Credit Suisse, the Qatar Investment Authority (QIA) has lowered its stake in the bank to below...