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Swiss company shares traded as digital tokens

This content was published on Nov 19, 2019 Germany’s largest stock exchange Deutsche Börse teamed up with telecommunications company Swisscom, three Swiss banks and two digital finance companies to pull off the transaction, it was announced on TuesdayExternal link. An unnamed Swiss company issued digital tokens representing shares, which were then traded among Falcon, Vontobel and Zurich Cantonal Bank. Clearing and settlement of…

Factory lays off workers amid gloomy manufacturing outlook

This content was published on Nov 19, 2019 Mikron announced on Tuesday that it would have to reduce headcount at a plant in southern Switzerland from its present level of 370. “Management does not anticipate any early recovery in demand from the automotive sector,” the company said in a statementExternal link. Mikron said the automotive decline will not affect other parts of the…

Swiss watch sales plummet in Hong Kong

This content was published on Nov 19, 2019 However, sales to most other international markets have risen so far this year, particularly to the United States, Japan, key European countries and to China. As a result, total global sales between January and the end of October have picked up 2.7% to nearly CHF18 billion ($18.2 billion). The severe civil unrest in Hong Kong,…

Julius Bär takes CHF99 million hit on ailing Italian unit

This content was published on Nov 19, 2019 Julius Bär issued the warning on Tuesday, less than three months into the tenure of new CEO Philipp Rickenbacher. Although assets under management have grown 10% so far this year (CHF422 billion), net new money has weighed in with a disappointing 3% growth. “It is therefore unlikely that the group will achieve its medium-term target…

The world has more democracies, but weaker democracy

This content was published on Nov 19, 2019 Despite the continued increase in the world’s democracies, their quality is eroding, writes the Stockholm-based IDEA institute.

How people on the move have shaped Switzerland

This content was published on Nov 18, 2019 A new exhibition traces the population movements that have shaped the Alpine territory, and includes those who have left to seek fortunes elsewhere.

Swiss commodities trader under scrutiny over South Sudan payments

This content was published on Nov 18, 2019 In December 2018, the United States placed retired Israeli Defence Forces Major General Israel Ziv under sanctions over the sales of weapons and ammunition to the government and opposition in South Sudan. “Ziv has been paid through the oil industry and has had close collaboration with a major multi-national oil firm,” the U.S. Department of Treasury noted in its decision,…

Shahram Ebadollahi speaking at the Intelligent Health Summit Basel.

Switzerland, land of big pharma, tries to reel in AI startups

This content was published on Nov 18, 2019 Artificial intelligence could do wonders for hospitals: sharper diagnosis, fewer admin chores and more time spent with patients. 

Swiss SIX stock exchange offers CHF3.1 billion for Spanish counterpart

This content was published on Nov 18, 2019 SIX announced an all-cash voluntary tender offer of CHF3.1 billion (around €2.8 billion) for the operator of the Spanish stock exchanges Bolsas y Mercados Españoles (BME).

Swiss retailers brace for ‘Black Friday’ sales as shoppers raise credit limits

This content was published on Nov 17, 2019 The busiest shopping day of the year in the US has become big business in Switzerland. But, some worry about the risks of consumers falling into debt.

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Swiss company shares traded as digital tokens

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Factory lays off workers amid gloomy manufacturing outlook

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Swiss watch sales plummet in Hong Kong

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Julius Bär takes CHF99 million hit on ailing Italian unit

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The world has more democracies, but weaker democracy

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How people on the move have shaped Switzerland

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Swiss commodities trader under scrutiny over South Sudan payments

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Switzerland, land of big pharma, tries to reel in AI startups

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Swiss SIX stock exchange offers CHF3.1 billion for Spanish counterpart

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Swiss retailers brace for ‘Black Friday’ sales as shoppers raise credit limits

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