Swiss Re plans to withdraw from its iptiQ business following a “strategic review” of the digital white-label insurance platform, driven by weaker demand and a lower tech threat than initially anticipated. The decision comes as the reinsurance giant reports a significant profit increase from core business, nearly doubling to $1.1 billion. Swiss Re may seek...
Category: Tech
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The US and China are meeting in Switzerland today to discuss the dangers of AI
In brief: There are lots of contentious topics that the US and China could discuss, from the tech sanctions Washington has placed on the country, to the Asian nation’s increasingly aggressive stance towards Taiwan. But only one thing will be on the agenda when envoys from the two nations meet in Switzerland today: artificial intelligence...
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Ishaq Dar invites Swiss investment in tech, energy – Mettis Global Link
1 PKR 278.00000 278.20000 278.20000 278.00000 01:08 PM 2 EUR 1.07738 1.07740 1.07740 1.07738 09:12 AM 3 GBP 1.25241 1.25254 1.25254 1.25241 09:12 AM 4 CHF 0.90696 0.90700 0.90700 0.90696 09:12 AM 5 JPY 155.79000 155.80000 155.80000 155.79000 09:12 AM 6 CAD 1.36476 1.36482 1.36482 1.36476 09:12 AM 7 AUD 0.66101 0.66104 0.66104 0.66101 09:12...
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University students in Switzerland join Gaza protest wave
The hall of EPFL’s architecture building in Lausanne is currently occupied by around 50 Pro-Palestinian protesters. KEYSTONE/© KEYSTONE / JEAN-CHRISTOPHE BOTT Pro-Palestinian activists occupied university buildings in Lausanne, Geneva and Zurich on Tuesday, widening the protest movement in the Alpine nation. This content was published on May 7, 2024 – 15:44 The hall of the...
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Axpo, Rhiienergie open largest green hydrogen production plant in Switzerland
Swizz energy firm Axpo, together with the local electric utility Rhiienergie, has opened the first green hydrogen production plant in Switzerland’s Graubünden canton in eastern Switzerland. The facility, claimed as the country’s largest of its kind, is equipped to produce up to 350 tonnes of green hydrogen per year. Located in the vicinity of the Reichenau hydropower plant,...
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gaitQ and machineMD secure million dollar research grant to monitor Parkinson’s development in UK and Switzerland
Oxford-based medical technology start-up gaitQ and Swiss medical device company machineMD have announced the joint award of a million dollar research grant from Innovate UK and Innosuisse to enable the collection and analysis of critical movement data from people with Parkinson’s (PwP). The grant will fund an 18-month research project that will record movement data...
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Lakestar Closes $600 Million European VC Funds – Fintech Schweiz Digital Finance News – FintechNewsCH
Free Newsletter Get the hottest Fintech Switzerland News once a month in your Inbox Lakestar announced the recent closing of their latest funds, Lakestar Early IV and Lakestar Growth II, for around $600 million to inject new capital into the next generation of European startups, bringing Lakestar’s assets under management to €2bn. Lakestar invests in...
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U of C partners with QAI, boosting Alberta’s quantum tech sector
Breadcrumb Trail Links News Local News Business The University of Calgary has partnered with Switzerland-based venture capitalist firm QAI Ventures Published Apr 03, 2024 • Last updated Apr 03, 2024 • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Megan Lee, University of...
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Embedded computing tech for F-35 production in Switzerland to be provided by Mercury – Military Embedded Systems
News March 22, 2024 Dan Taylor Technology Editor Military Embedded Systems Image via Mercury GENEVA, Switzerland. Mercury Mission Systems will collaborate with Lockheed Martin to enhance defense technology manufacturing in for F-35 aircraft in Switzerland, the company announced in a statement. Under two agreements, Mercury will manufacture various embedded computing technologies at its Geneva facility...
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Swiss fintech nsave gets $4M to enable people from unstable economies to open offshore accounts | TechCrunch
Swiss fintech nsave, which is making banking in Switzerland accessible to people in countries with unstable banking sectors or facing high inflation, has raised $4 million seed funding. The round was co-led by Sequoia Capital and TQ Ventures with participation from Y Combinator, ACE Ventures, SV Angel and FONGIT, the state of Geneva organization that...
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Mercury Systems and Lockheed Martin to Advance Defense Manufacturing Capabilities in Switzerland
GENEVA, March 21, 2024 (GLOBE NEWSWIRE) — Mercury Mission Systems International SA (www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced that it will advance the manufacturing of defense technologies in Switzerland in collaboration with Lockheed Martin. This project is a direct result of the offset program between Lockheed Martin...
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New line to premier Swiss tech
PUBLISHED : 18 Mar 2024 at 06:54 An arch culvert from Switzerland is built in tambon Pong Pa Wai in Den Chai district of Phrae province as part of the Den Chai-Ngao section of the 323.10-kilometre Den Chai- Chiang Rai-Chiang Khong double track railway project. SRT Arch culvert technology from Switzerland has been adopted into...