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End of 25-year dispute with Indian labour union

This content was published on Feb 6, 2016 The Swiss-French cement giant LafargeHolcim has reached an agreement with a labour union in India over contracts and wages of temporary workers.

Opinion

Can you be risk-averse and innovative?

This content was published on Feb 5, 2016 Start Up IndiaExternal link fascinates me for the promise it holds and difficulties it profiles. Packed in this ambition are risk and innovation, technology and design and hopefully baby steps for the root and branch changes our education system so badly needs. Hold that thought for a bit. We have all seen those potato peeling…

Julius Baer signs final deal with the US

This content was published on Feb 5, 2016 The accord means the bank will pay a pre-agreed sum of $547.25 million (CHF 544.15 million), but it will not be prosecuted. Julius Baer made an announcement in the early hours of Friday morning that a Deferred Prosecution Agreement had been signed. In a statement from the US Department of Justice (DoJ), Acting Assistant Attorney…

Opinion

Direct democracy key to more people power in US

This content was published on Feb 5, 2016 Today, 24 states allow citizens to directly vote on policy matters. This year, more than 42 initiatives already are approved for the ballot in 18 states. Voters in California will decide diverse questions including banning plasticExternal link bags, voter approval of state expenses greater than $2 billion (CHF2 billion), improving school funding, and the future…

Credit Suisse rebuilding gets off to painful start

This content was published on Feb 4, 2016 Huge write downs and job losses get Credit Suisse off to a rocky start along the path to restructuring.

ChemChina buys Syngenta in record Chinese deal

This content was published on Feb 4, 2016 Syngenta’s board voted unanimously to accept the offer, which will be finalised by the end of 2016. SyngentaExternal link said on Wednesday the move would allow it to make long-term investments in innovation. Syngenta’s current management will continue to lead the company. After the transaction is finalised, a board of directors composed of six members…

Credit Suisse posts first annual loss since 2008

This content was published on Feb 4, 2016 Adjustments in the investment sector are the main reason for the loss, but restructuring costs and other provisions also played a role. Most of those adjustments are due to the ill-fated acquisition of the US investment bank Donaldson, Lufkin & Jenrett (DLJ) in 2000, as Credit Suisse announced on Thursday. Credit Suisse purchased that bank…

Swisscom cuts jobs, call centres amid lower earnings

This content was published on Feb 4, 2016 The announcement came as the 2015 annual report showed that Swisscom had brought in one-fifth fewer profits than a year ago, with earnings of CHF1.36 billion ($1.35 billion). Part of the reduction in profits was due to a CHF186 million fine from the federal competition commission COMCO, which cited Swisscom for having rented its DSL…

Octopus-like ChemChina seeks to take a slice of GM food market

This content was published on Feb 4, 2016 ChemChina’s $43 billion offer for Syngenta is most notable for being China’s largest proposed takeover of an overseas target to date.

White-collar crimes increase but cause less damage

This content was published on Feb 2, 2016 The number of cases was the greatest since consultants KPMG started gathering data systematically on white-collar crime in 2008. In 2014, the courts looked at 77 major cases of white-collar crime. However, the cost of those 91 cases was significantly down from CHF537 million the previous year, KPMG said in its Forensic Fraud Barometer on…

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End of 25-year dispute with Indian labour union

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Can you be risk-averse and innovative?

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Julius Baer signs final deal with the US

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Direct democracy key to more people power in US

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Credit Suisse rebuilding gets off to painful start

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ChemChina buys Syngenta in record Chinese deal

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Credit Suisse posts first annual loss since 2008

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Swisscom cuts jobs, call centres amid lower earnings

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Octopus-like ChemChina seeks to take a slice of GM food market

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White-collar crimes increase but cause less damage

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