Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India’s appeal has already reflected a broader shift among businesses in Europe eager to balance the costs...
Category: Bussiness
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Swiss companies set sights on India as $100 billion trade pact promises more opportunities
By John Revill ZURICH (Reuters) – Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India’s appeal has already reflected a broader shift among businesses in...
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Switzerland Regulatory Technology Business Report 2024: Market to Surpass $550 Million by 2029, Driven by Collaborative Opportunities and Data Privacy Solutions
Company Logo Swiss RegTech Market Swiss RegTech Market Dublin, Oct. 25, 2024 (GLOBE NEWSWIRE) — The “Switzerland RegTech Business and Investment Opportunities Databook – 50+ KPIs on RegTech Market Size, By Industry, By Technology, By Type of Product, By Deployment, By Product Offering, Market Share – Q3 2024 Update” report has been added to ResearchAndMarkets.com’s...
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Gatemore Urges Watches of Switzerland to Move Its Listing to the US Amid Explosive Growth Plans
Gatemore Capital Management has called on Watches of Switzerland to shift its primary stock listing to the United States, aiming to unlock the company’s full potential in its rapidly expanding US market. The Leicester-based luxury retailer, which specialises in high-end watches and jewellery, was presented by Gatemore at this year’s 13D Monitor Active-Passive Investor Summit,...
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Oberalp becomes exclusive distributor of Under Armour for Switzerland
Published October 21, 2024 Oberalp, the distributor for Under Armour in Italy since 2017, has now been named the exclusive distributor of the American sportswear brand in Switzerland, where the Bolzano-based group can rely on an established distribution network. The decision comes on the back of Under Armour Italy’s strong growth over the past seven...
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Swiss authorities investigate firms dodging Russia sanctions
(Oct 18): Switzerland is investigating companies that use subsidiaries in other countries to sidestep sanctions on Russia, but which are still controlled from Swiss cities such as Geneva or Zug. Since the invasion of Ukraine, Switzerland has largely followed European Union (EU) sanctions on Russia, breaking with the nation’s traditional neutrality. However, it has faced criticism...
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Switzerland Won’t Implement the EU’s Russia Sanctions on Subsidiaries
(Bloomberg) — Switzerland has decided not to fully implement the latest package of European Union sanctions against Russia, saying Swiss law already allows measures to prosecute subsidiaries of companies based in the country. “With the 14th sanctions package, the EU has introduced a general obligation for businesses to ensure that their subsidiaries in third countries...
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Watches of Switzerland takeover of Hodinkee
Before the acquisition, Watches of Switzerland USA had no real content creation element. Everything Watches of Switzerland distributes (via magazines, billboards, TV ads, social media, etc) looks polished and perfect — just like a luxury watch ad — but there’s no long-term educational or entertainment value behind that type of ephemeral (advertising) content. In contrast,...
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Switzerland’s wealth managers bank on a future in Asia
The rich have always been welcomed in Switzerland. To spend, but more importantly to hoard. Across the country, in secretive locations, banks operate underground vaults and storage facilities — often converted military bunkers that have been hewn from mountain rock. Some have no roads nearby and can only be accessed by air. At one facility...
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UK-Switzerland 2024 Financial Dialogue Statement
This is a joint statement between HM Treasury and the State Secretariat for International Finance following the UK-Switzerland Financial Dialogue, held on Tuesday 15 October 2024. The statement summarises what was discussed at the meeting and the key outcomes. /Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited...
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‘Block train and single wagonload businesses in Switzerland need to be separate’
Rail freight in Switzerland is currently undergoing a total revision of the Freight Transport Act, which was recently adopted by the country’s Council of States. The reform should bring a stronger separation between block train services and single wagonload (SWL) traffic, according to Switzerland’s former Director of the Swiss Federal Office of Transport (FOT) Peter...
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Illuma, Global Pioneer in HMO Research, Launches Traceability Journey in Switzerland, Unveiling Next-Generation HMO Innovations – Thailand Business News
VEVEY, Switzerland, Oct. 14, 2024 /PRNewswire/ — Recently at Nestlé’s headquarters in Vevey, Switzerland, illuma, a global super premium brand of maternal and infant nutrition under Nestlé, began its “Human Milk Oligosaccharides (HMO) Research Traceability Journey”. With a focus on the most recent advancements in the field of human milk research, particularly with regard to the most...