LONDON — Signaling the dynamism in the branded fine jewelry market, Watches of Switzerland Group has acquired 100 percent of Roberto Coin Inc. for $130 million. The group said the acquisition represents “a significant milestone” in its stated aim of accelerating growth in the sizzling hot branded fine jewelry category in the U.S., and “step...
Category: Bussiness
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Norway’s super-rich will flee to Switzerland to avoid exit tax, claim lobbyists
The Norwegian government announced its latest step to close tax loopholes for wealthy expatriates. Photo: Getty Norway’s planned changes to a so-called exit tax are threatening to trigger a wave of departures from that country by start-up founders and companies, according to a lobby group. Last March, the Norwegian government announced its latest step to...
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Swiss Army Knife maker plans model without a well-known feature
Check out whats clicking on FoxBusiness.com The manufacturer of the classic Swiss Army Knife is developing a new model that will be bladeless to address regulatory barriers hampering access to multitools with knives. Victorinox CEO Carl Elsener, whose company owns the Swiss Army Knife brand, said in an interview with Swiss media outlet Blick, “We’re...
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The new Swiss Army Knife will be missing a key feature | CNN Business
CNN — The maker of the Swiss Army Knife is working on a new version of the classic multi-tool, which won’t have a blade. “We are in the early stages of developing pocket tools without blades,” a spokesperson for Swiss firm Victorinox told CNN in a statement Tuesday, adding that they will compliment the existing...
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Layoffs 2024: UBS CEO to start job cuts in Switzerland late this year
UBS’s CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026. Sergio Ermotti, chief executive officer of UBS Group AG, during a Bloomberg Television interview in Zurich, Switzerland.(Bloomberg) In a call with journalists, Sergio Ermotti said...
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Significant potential to increase Egyptian exports to Switzerland: Chief of Swiss Chamber of Commerce – Dailynewsegypt
Swiss enterprises are poised to explore investment prospects across diverse sectors in Egypt. These opportunities hinge on a myriad of factors, including market demand, the regulatory landscape, and competitive advantages, according to Kamal Abdelmalek, the Chairperson of the Swiss Chamber of Commerce in Egypt. In an exclusive interview with Daily News Egypt, Abdelmalek offered an...
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Great News Flyers! Air India To Start Delhi-Zurich Direct Flights From THIS Date | Check Timings, Key Details
Home Business Great News Flyers! Air India To Start Delhi-Zurich Direct Flights From THIS Date | Check Timings, Key Details Air India currently operates 60 weekly flights to and from six cities in mainland Europe — Amsterdam, Copenhagen, Frankfurt, Milan, Paris, and Vienna. File Photo/Representational Air India: Great news for flyers planning a visit to...
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Air India announces direct Delhi-Zurich flights from June 16
Air India to start direct Delhi-Zurich flights from June 16, 2024. The flights will be on Mondays, Wednesdays, Fridays and Sundays. Delhi-Zurich direct flight: Travel via Air India Boeing 787 from June 16 (Pic: X – @airindia) New Delhi: Air India announced to start its direct flights from Delhi to Switzerland capital Zurich...
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Sharp rise in foreign investments in Switzerland in 2023
While the number of foreign investment projects in Europe fell by 4%, in Switzerland it shot up by over 50%. Keystone / Christian Beutler While investments by foreign companies in Europe declined last year, significantly more was invested in Switzerland than in 2022. This content was published on May 2, 2024 – 11:39 The number...
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Beshear predicts trip to Germany, Switzerland will reap more investments in state
By The Associated Press May. 03, 2024 | 12:51 PM | FRANKFORT Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky. He says the Kentucky delegation met last week with leaders of companies already established in the state....
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Swiss gold exports hit six-year highs on demand from China and India
(Kitco News) – The global shift in the gold market continued unabated in January as trade data from Switzerland showed robust flows of the precious metal to Eastern nations. In its latest trade report, Switzerland said that 207 tonnes of gold were exported from Europe’s largest refining hub to China, India and Hong Kong....
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Indonesia: Great potential for the Swiss economy
On Tuesday, the 10th Joint Economic and Trade Commission (JETC) between Switzerland and Indonesia took place in Bern under the chairmanship of Ambassador Andrea Rauber Saxer and the Director General for American and European Affairs at the Indonesian Ministry of Foreign Affairs, Ambassador Umar Hadi. While the private sector was represented on the Indonesian side...