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Glencore 2023 profit down 75%
The company said lower energy prices cut into its profits.
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Google AI research hub in Paris to host 300 experts
The new hub part of a trend for big tech firms to base teams in European centers. -
UBS to reward shareholders
Losses from costs of absorbing Credit Suisse narrow. -
Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from Nespresso after the failure of a company that tried to offer a more sustainable alternative to the aluminium capsules sold by the coffee-pod maker. Show host Jacques Essebag, who goes... -
Credit Suisse expects Q3 loss
The bank said the loss could be as much as $2.2 billion. -
Global wealth set to rise by 38% over the next five years: study
Zurich, Switzerland – The latest Global Wealth Report predicts global wealth to reach $629 trillion by 2027, despite 2022 being the first year of wealth decline since 2008, the fourteenth edition of the Global Wealth Report jointly launched on Tuesday by Credit Suisse and UBS revealed. According to the report’s... -
Swiss Parliament to examine UBS’ Credit Suisse takeover
Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission of inquiry will be established to shed light on how the Swiss authorities rapidly stitched together the merger of the wealthy Alpine country's two biggest banks over a weekend in... -
Credit Suisse fails NYSE listing criteria
Under NYSE rules, shares must trade for at least $1 for 30 consecutive days. -
Novartis Q1 profit at $2.3bn
Heart disease, cancer medicines helped enhance revenue. -
Switzerland to probe what led to Credit Suisse collapse
The economy committee of the National Council, the lower house of parliament, asked the government for an analysis of the determining factors behind the decline of Credit Suisse. -
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. Credit Suisse's chiefs fronted up at the bank's annual general meeting, 16 days after its... -
T-Rex skeleton set for auction an ‘art installation’
Palaeontologist Thomas Holtz terms it "misleading" to combine multiple real bones from different individuals to create a single skeleton. -
Credit Suisse shares down
The bank has lost 81% of its value since Greensill bankruptcy. -
UBS Q4 net profit at US$1.7bn
Net profits at the banking giant rose 23% in Q4 of 2022. -
Nestle pours $1.8 bn in S Arabia
Firm said this will help bolster its presence in kingdom. -
Luxury group Richemont posts H1 2022-23 loss of US$786m
Loss is basically due to the sale of one of its online platforms. -
UBS Q3 net profit is US$1.7b
The bank income in Q3 fell by 10 percent to $8.2billion. -
Credit Suisse sells 8.6% stake in Allfunds
Bank raised US$325m from its stake sale of Spanish firm. -
World’s biggest chocolate plant restarts after scare
The plant, which supplies industry giants such as Hershey but not to consumers directly, was shut down after salmonella bacteria was found in one lot. -
Tel Aviv residents face soaring costs in world’s priciest city
Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York. -
Emirates and Qantas extend partnership
Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations. -
UBS Investor Watch: Investors to use their capital to drive change after COVID-19
9 in 10 investors want their investments to align with their values Women, young generation want to make a difference through charitable giving With COVID-19 vaccinations accelerating and the economy re-opening, 90 percent of wealthy investors agree that the pandemic has made them want to align their investments with their...