Business & Finance

Swiss Dermatology Firm Galderma Post $1Bn In Sales
Galderma starts 2024 with impressive growth, reporting over $1 billion in sales and confirming its financial outlook for the year.
Swiss Legislation To Question & Halt Foreign Takeovers If Wanted
Swiss lawmakers seek to fortify national security and economic stability through a proposed Investment Review Act aimed at scrutinising foreign takeovers.
UBS Chairman Colm Kelleher Talks Capital Requirements
Chairman Colm Kelleher voices strong concerns over proposed additional capital requirements for big banks, emphasising the strength of UBS's business model and capitalisation.
Swiss Voters Lean Towards Approval of Health and Energy Initiatives, Poll Shows
Early polling indicates Swiss voters are likely to approve initiatives on healthcare cost control and energy tax waivers, with significant support varying across demographic lines.
Swiss Shipping Tonnage Taxation Loses Support
Switzerland's shipping industry faces continued taxation on profit rather than tonnage, the National Council's committee opposes the changes.
Roche’s Pharmaceuticals Declining Q1 Results
As Roche navigates the final impacts of reduced coronavirus sales and a strong Swiss franc, the company maintains its outlook for 2024.
Swiss Banking Job Market Shows Decline
Decline in Swiss banks job market deepens post-UBS and Credit Suisse merger, with significant cuts projected by 2026.
Shareholders’ Association Critique UBS & the CEO
Shareholder discontent looms over UBS's upcoming AGM, with criticism focused on CEO Sergio Ermotti's CHF 14 million salary and the bank's sustainability policies.
Switzerland is Becoming Very Urban: More Foreigners, Bigger Cities & Less Religious Ties
Recent statistics reveal significant demographic and social shifts in Swiss urban centres, including population growth, religious affiliations, and political dynamics.
Russian Assets Frozen In Switzerland Worth Less Now
Switzerland reports a significant decrease in the value of Russian assets frozen under sanctions, as valuations drop.
Swiss Biotech Sector Sets New Records in 2023
The Swiss biotech sector saw record-breaking growth last year. KEYSTONE/Laurent Gillieron The Swiss biotech sector with further records last year.
Novartis Had A Strong Q1
Novartis kicks off 2024 with robust financial growth, spurred by strategic focus on pharmaceuticals, leading to an upward revision of annual forecasts.
Kuehne+Nagel Sales Drop 18% in Q1
Amid fluctuating market dynamics, Kuehne+Nagel reports a dip in first-quarter financial performance, though signs of recovery appear with increased demand in sea and air freight services.
Swiss Charity Mercy Ships Gain Vessel Funding From MSC
The MSC Foundation supports Mercy Ships with a new hospital ship set to enhance medical care across Africa.
Jans & The Region Want to Fight Crime Together
Justice Minister Beat Jans spearheads collaborative efforts among German-speaking nations to address immigration challenges and combat organized crime.
Swiss National Bank Record Profits in Q1 2024: UBS Analysts Predict
Analysts predict a historic profit for the Swiss National Bank in the first quarter of 2024, surpassing past records due to favourable exchange rates and asset valuations.
Swiss National Bank: Reserve Ratios Needed Increases to 4%
Starting July 1, 2024, the Swiss National Bank will enforce stricter minimum reserve requirements, aiming to bolster monetary policy effectiveness.
Hochdorf Can Not Find Investors: Now Search For Exit
With no investors in sight, Hochdorf directs efforts towards selling its Swiss Nutrition subsidiary amid uncertainties about its holding company's future.

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