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Syrian assets worth 0m frozen in Switzerland

Syrian assets worth $190m frozen in Switzerland

Portraits of ousted Syrian President Bashar al-Assad dumped in a skip in the Damascus suburb of Daraya on Monday. Photo / Rami al Sayed, AFP Switzerland is home to around 99 million Swiss francs ($190 million) in frozen Syrian assets, Bern’s economy ministry told AFP, denying any of it belonged to fallen president Bashar al-Assad....

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Swiss giant Nestle hit by slowing sales, unlike rivals Unilever and Danone

Swiss giant Nestle hit by slowing sales, unlike rivals Unilever and Danone

Nestle sales growth sputtered in the first quarter as the maker of Nespresso coffee was hit by cooler demand in North America and supply constraints at its vitamins unit. Sales rose 1.4% in the period on an organic basis, the Swiss company said Thursday, about half the estimate of analysts. Its real internal growth rate...