(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Society, Switzerland, Technology
Tagged Carolina Klint, Economic Threats, economy, environmental risks, Financial, investment, Marsh McLennan, Peter Giger, Societal Threats, Technological Risks, World Economic Forum Survey, Zurich Insurance Group
(IN BRIEF) Barry Callebaut, a leading cocoa and chocolate products manufacturer, has appointed Amr Arafa as its Chief Digital Officer (CDO) to spearhead the company’s commitment to becoming an agile and tech-enabled organization. In this newly created role, Arafa will … Read the full press release
Posted in Agriculture, Business, Industrial, Management, News, Switzerland
Tagged Amr Arafa, appointment, Barry Callebaut, Chief Digital Officer, leadership, Peter Feld
(IN BRIEF) Empa researcher David Reber is on a mission to improve the energy density of water-based flow batteries, making them more suitable for storing renewable energy in urban environments. Flow batteries, unlike traditional lithium-ion batteries, store energy in liquid … Read the full press release
(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release
Posted in Business, Industrial, Investment, Metals and Minerals, Switzerland
Tagged acquisition, CANADA, Canadian steelmaking coal, cobalt, copper, Elk Valley Resources, Elkview Operations, EVR, Fording River, Gary Nagle, Glencore, Glencore plc, Greenhills, Greenhills joint venture, Line Creek, Mines, Neptune Terminals, nickel, Nippon Steel Corporation, North Vancouver, NSC, oal mines, POSCO, Southeast British Columbia, steelmaking coal, steelmaking coal business, Teck, Teck Resources Limited, zinc
(IN BRIEF) Will Semiconductor Co., Ltd., a Chinese company, has successfully listed its Global Depository Receipts (GDRs) on the SIX Swiss Exchange. The offering involved 31,000,000 GDRs at an offer price of USD 14.35 per GDR, with each GDR representing … Read the full press release
Posted in Business, Economy, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged CHINA, Financial, GDRs, investment, SIX Swiss Exchange, Will Semiconductor
(IN BRIEF) Kuehne+Nagel’s North American Road Logistics team received an urgent request from a pharmaceutical customer to deliver 150 pallets of flu vaccines to over 40 Veterans Affairs (VA) hospitals across the U.S. within ten days. The team quickly organized … Read the full press release
(IN BRIEF) Roche, a leading healthcare company, has announced that its Elecsys Neurofilament Light Chain (NfL) test for Multiple Sclerosis (MS) has received Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA). The Elecsys NfL test is designed … Read the full press release
Posted in Business, Healthcare, Industrial, Management, News, Pharma & Biotech, Science, Switzerland, Technology
Tagged Elecsys NfL Test, FDA, Matt Sause, multiple sclerosis, Roche
(IN BRIEF) Holcim has revealed an ambitious decarbonization roadmap for Europe, as part of its strategy to achieve profitable growth while reducing its carbon footprint. At an investor day event in Switzerland, the company outlined its targets, including surpassing CHF … Read the full press release
Posted in Business, Construction, Economy, Environment, Financial, Industrial, Investment, Management, News, Switzerland
Tagged European Decarbonization Roadmap, holcim, Miljan Gutovic, partnership, sustainability
(IN BRIEF) CommScope (NASDAQ: COMM), a global leader in network connectivity, and STMicroelectronics (NYSE: STM), a leading semiconductor company catering to a wide range of electronics applications, have jointly announced the integration of CommScope’s PKIWorks™ IoT security platform with ST’s … Read the full press release
Posted in Electronics & Machinery, Industrial, Infrastructure & Utilities, Internet & Online, Switzerland, Technology, Telecom
Tagged Bart Giordano, CommScope, connectivity, electronics applications, IoT security, matter, Nathalie Vallespin, network connectivity, PKIWorks platform, semiconductor, STM32WB, STMicroelectronics, wireless microcontroller
(IN BRIEF) Siemens and Swinburne University of Technology have jointly launched the Energy Transition Hub at Swinburne’s Melbourne campus, marking the most advanced facility of its kind in Australia. Valued at $5.2 million, the hub combines Siemens’ digital energy technology … Read the full press release
Posted in Education, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Switzerland, Technology
Tagged Australia, digital energy technology, energy grid laboratory, Energy Transition Hub, Melbourne, Peter Halliday, Professor Karen Hapgood, R&D, Siemens, Siemens Smart Infrastructure, Swinburne University of Technology
(IN BRIEF) Kuehne+Nagel, a global logistics company, has achieved its third consecutive IATA CEIV Pharma certification for its entire air logistics healthcare network. This milestone makes Kuehne+Nagel the first logistics company with over 100 CEIV Pharma-certified stations. IATA’s CEIV Pharma … Read the full press release
(IN BRIEF) Siemens has implemented its advanced software solutions, LV Insights® X and Spectrum PowerTM 7 ADMS, for Norwegian distribution system operator (DSO) Elvia to enhance its distribution grid management. The LV Insights® X software allows Elvia to create a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged Elvia, Erik Jansen, grid management, LV Insights® X, Norway, partnership, Sabine Erlinghagen, Siemens, software, Spectrum PowerTM 7 ADMS, sustainability
(IN BRIEF) Swiss Re, a global reinsurance company, has announced strong financial results for the first nine months of 2023, posting a net income of USD 2.5 billion. In the third quarter alone, the company recorded a profit of USD … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, earnings, Financial, investment, John Dacey, Swiss Re
(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release
(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, David Newns, Financial, Helvetia Phase III, Hypothekarbank Lenzburg, Jos Dijsselhof, partnership, SDX, sustainability, Swiss Financial Institutions, Swiss National Bank (SNB), Tokenized Central Bank Money SIX, UBS, Zürcher Kantonalbank
(IN BRIEF) Jay Suh has joined SGS as the Director of Connectivity, North America, where he will oversee the Connectivity business, focusing on service and location expansions. He will also develop the North America certification scheme globally. Based in Silicon … Read the full press release
Posted in Business, Industrial, Management, Switzerland, Technology
Tagged accumulators, appointment, audio, battery, chemical, connectivity, cybersecurity services, Explosive atmospheres, fire safety, Fred Yang, Functional safety, Global market access, household appliances, IT, ITA schemes, Jay Suh, luminaires, machinery, Material, medical devices, microelectronics, North America certification, Solar energy technology, telecommunication, TIC industry, video, wearable technology
(IN BRIEF) ABB has appointed Mathias Gaertner as General Counsel and Company Secretary, as well as a Member of the Executive Committee. He will officially join ABB in 2024 and will succeed Natalia Shehadeh, who has been serving as General … Read the full press release
Posted in Business, Industrial, Management, News, Switzerland, Technology
Tagged ABB, appointment, Björn Rosengren, Company Secretary, General Counsel, leadership, Mathias Gaertner, Natalia Shehadeh
(IN BRIEF) Glencore, a global mining and commodities company, released its Third Quarter 2023 Production Report. The report highlights the company’s performance over the first nine months of the year, emphasizing that copper, coal, and zinc assets met expectations and … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, Metals and Minerals, News, Switzerland
Tagged 2023 Q3 Production, ferrochrome, Financial, Gary Nagle, Glencore, investment, nickel
(IN BRIEF) Novartis has reported positive interim results from its Phase III ALIGN study involving atrasentan, an oral endothelin A receptor antagonist, for the treatment of IgA nephropathy (IgAN). The study demonstrated that atrasentan significantly reduced proteinuria (excess protein in … Read the full press release
(IN BRIEF) Enlighted, a property technology company owned by Siemens, has introduced AI enhancements to its Location Services solution, boosting tracking accuracy to over 98%. This technology tracks asset and badge locations within buildings through existing intelligent lighting systems. The … Read the full press release
Posted in Artificial Intelligence (AI), Business, Industrial, Infrastructure & Utilities, Management, Switzerland, Technology
Tagged AI, AI solutions Location Services, artificial-intelligence, digital transformation, Enlighted, Enlighted AI, Enlighted Touchless Workplace solution, intelligent lighting infrastructures, Location Services solution, mobile app, property technology, Real Time Location System, RTLS, Siemens, Siemens Xcelerator Marketplace, smart building Stefan Schwab, Tagnos, Touchless Workplace, Zan Compute
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