Business & Finance Archives - Page 17 of 76 - The Swiss Times

Business & Finance

Swiss Francs Will Lose Value Against The Euro This Year – BOA Analysis Claims

Bank of America strategists anticipate a significant shift in the value of Swiss Francs against the Euro.

Central Group Want To Acquire Signa’s Retail Assets

Central Group's ambitious bid to take over Signa's coveted retail assets, including the iconic KaDeWe and Selfridges.

Federal Criminal Court to Hear Swiss Involvement in 1MDB Scandal

Swiss Federal Criminal Court scrutinises local ties in the global 1MDB embezzlement case, spotlighting a Swiss-Saudi businessman and his accomplice.

Axpo Plans Reserve Power Plant in Muttenz

Axpo gears up for a CO2-neutral future with a new reserve power plant in Muttenz BL, aiming to bolster Switzerland's energy resilience.

Hive Secures €12M in Series A Funding Led by SC Ventures for Distributed Cloud Computing

Hive's innovative approach turns idle device capacity into a global supercomputer, securing €12M from SC Ventures to make sustainable cloud computing accessible to all.

4B Launches New Era with Swiss Site Investment

4B invests CHF 35M in Hochdorf, Luzern, for a new machining plant and renewable energy, marking a sustainable era in Swiss window and facade production.

Uncertain Future for Globus amid Debt-Restructuring

Globus department store faces an uncertain future as debt-restructuring moratorium is extended.

SNB Escalated Foreign Currency Sales in Q4

The Swiss National Bank ramps up its foreign currency disposals. Keystone/PETER KLAUNZER As previously announced, the Swiss National Bank (SNB) continued its foreign currency sales in the fourth quarter of 2023.

René Benko Under Scrutiny For Moving Money

Austrian entrepreneur René Benko faces allegations of manipulating millions within Signa Keystone/MARCEL KUSCH The real estate entrepreneur René Benko and the decline of his largely insolvent Signa network of companies.

Denner and Caritas Partner to Fight Food Waste

Swiss discounter Denner collaborates with Caritas to repurpose unsold meat. Keystone/CHRISTIAN BEUTLER The discounter Denner has joined forces with Caritas to save meat from being thrown away.

UBS CEO Sergio Ermotti’s 2023 Compensation Revealed

Sergio Ermotti's return as UBS CEO comes with a CHF 14.4 million package. Keystone/LAURENT GILLIERON Sergio Ermotti, stepping into his role as UBS CEO on April 1, 2023, has a compensation package of CHF 14.

MCH Group’s Financial Struggles Persist into the New Year

Despite a boost in exhibition sales, MCH Group's losses widen, affected by operational challenges and a significant provision for a Zurich property.

Ypsomed Divests Pen Needle: Focuses on Insulin Pump Innovation

Ypsomed transitions pen needle and BGM business to MTD, channeling investment into expanding Solothurn site and enhancing insulin pump solutions.

Steel Gerlafingen Plant Closing: Trade Unions Call For Intervention

Trade unions mobilise for action against Stahl Gerlafingen's line shutdown, urging the development of Swiss industrial policy.

Swiss Family Company Zweifel: Record Growth and Expansion

Zweifel Pomy-Chips AG celebrates a streak of record sales, entering its 66th year with ambitious growth plans.

Swiss Steel Can’t Sell Their French Plant: Bad to Worse

Swiss Steel's strategy to stabilise finances by selling French plants faces a setback, sparking a search for new solutions amid ongoing financial woes.

UBS Finalises Spin-off of Former CS Business

UBS seals the deal with Apollo, concluding the spin-off of the ex-CS securitised products division, enhancing capital efficiency and simplifying operations.

Esprit Down & Out: Closing 12 Stores in Switzerland

Esprit's Swiss operation faces bankruptcy, shifting focus from own stores to partnerships.

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