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Breakingviews - Glasenberg-less Glencore is surprise green champ
  + stars: | 2020-12-04 | by ( Ed Cropley | ) www.reuters.com + 0.00   time to read: +2 min
The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd WiegmannLONDON (Reuters Breakingviews) - Glencore is getting a new green-tinged lease on life. Given it plans to get there by running down coal mines while digging up more copper and cobalt, it could become a surprise model citizen of the low-carbon future. Gary Nagle, a fellow South African, is a 20-year company veteran and actually ran the company’s coal operations. For years, Glasenberg swam unashamedly against the environmental tide, saying that Glencore would mine coal as long as emerging markets in particular needed cheap energy.
Persons: Ivan Glasenberg’s, Gary Nagle, Glasenberg, Freed, Nagle Organizations: REUTERS, Reuters, U.S . Department of Justice, Democratic Locations: Baar, Switzerland, Democratic Republic of Congo, Venezuela, Nigeria
WHO's Tedros says concerned about perception pandemic is over
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO) attends a session on the coronavirus disease (COVID-19) outbreak response of the WHO Executive Board in Geneva, Switzerland, October 5, 2020. Christopher Black/WHO/Handout via REUTERSGENEVA (Reuters) - Recent progress on COVID-19 vaccines is positive but the World Health Organization is concerned this has led to a growing perception that the pandemic has come to an end, WHO Director-General Tedros Adhanom Ghebreyesus said on Friday. “Progress on vaccines gives us all a lift and we can now start to see the light at the end of the tunnel. However, WHO is concerned that there is a growing perception that the COVID-19 pandemic is over,” he said. Tedros said the pandemic still had a long way to run and that decisions made by citizens and governments would determine its course in the short run and when the pandemic would ultimately end.
Persons: Ghebreyesus, Christopher Black, Tedros Adhanom Ghebreyesus, , Tedros, Pfizer Inc’s Organizations: World Health Organization, WHO, Handout, REUTERS GENEVA, Pfizer, Pfizer Inc’s COVID Locations: Geneva, Switzerland, Britain, Wuhan, China
Swiss step up corona measures but keep ski resorts open
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
ZURICH (Reuters) - Switzerland allowed ski resorts to stay open for domestic tourism as the government on Friday announced some stricter measures to control the spread of the novel coronavirus. Ski areas will need local authority approval to operate after Dec. 22, while enclosed transport including ski lifts and trains will be limited to two-thirds capacity from Dec. 9, it said.
Locations: ZURICH, Switzerland
Swiss expand coronavirus risk quarantine list, add United States
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.72   time to read: 1 min
FILE PHOTO: A poster placed in front of check-in counters reminds passengers to wear protective masks, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Zurich, Switzerland July 14, 2020. REUTERS/Arnd WiegmannZURICH (Reuters) - Switzerland has expanded its list of countries here with a high risk of coronavirus infection from which new arrivals must quarantine themselves for 10 days, the Federal Office for Health said on Friday. The United States has been added to list, which also now includes more areas of neighbouring Italy and Austria, as well as Hungary, Poland and Portugal. It takes effect from Dec. 14.
Organizations: REUTERS, Wiegmann, Federal Office, Health, United Locations: Zurich, Switzerland, Wiegmann ZURICH, United States, Italy, Austria, Hungary, Poland, Portugal
Swiss approve agreement on service workers mobility with Britain
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
ZURICH (Reuters) - Switzerland has approved an agreement to allow free movement of service workers between the country and Britain after Brexit, the Bern government said on Friday. The Services Mobility Agreement (SMA) between Switzerland and Britain regulates the mutual access and temporary stay of service suppliers, for example of management consultants, IT experts or engineers for up to 90 days per year. The agreement, which also contains provisions on the recognition of professional qualifications, replaces the current measures on free movement of people which lapses on Jan.1.
Locations: ZURICH, Switzerland, Britain, Bern
Glencore CEO Ivan Glasenberg to Retire After 18 Years at the Helm
  + stars: | 2020-12-04 | by ( Joe Wallace | ) www.wsj.com + 0.98   time to read: +1 min
LONDON—Ivan Glasenberg, the longtime chief executive of Glencore PLC, is handing over the reins of the global mining and trading giant he built, saying Friday he would retire in the first half of next year. Glencore said it had tapped Gary Nagle, a senior deputy who currently runs the company’s coal industrial assets. Mr. Glasenberg, a South African, joined Glencore in 1984 and has been CEO since 2002. Two years ago, he started to lay out a timeline for when he might stand down, and more recently said repeatedly it was getting close to the time for him and his senior leadership team to step aside for the next generation of managers. Mr. Nagle, currently based in Australia, plans to move to Switzerland in the new year to work on the transition to new leadership, Glencore said.
Persons: Ivan Glasenberg, Glencore, Gary Nagle, Glasenberg, Nagle Organizations: Glencore PLC Locations: African, Australia, Switzerland
U.N. rights boss Bachelet calls on Belarus to release protesters
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.94   time to read: 1 min
FILE PHOTO: United Nations' High Commissioner for Human Rights Michelle Bachelet speaks, during the opening of 45th session of the Human Rights Council, at the European U.N. headquarters in Geneva, Switzerland September 14, 2020. Martial Trezzini/Pool via REUTERS/File PhotoGENEVA (Reuters) - The top U.N. human rights official Michelle Bachelet called on Belarus on Friday to release all people unlawfully arrested in post-election protests and investigate some 2,000 complaints of torture or ill-treatment in custody. More than 900 people including opposition candidates, lawyers, journalists and activists are believed to be facing criminal charges in connection with the mass protests, Bachelet told the Human Rights Council in Geneva. Mass protests erupted against President Alexander Lukashenko’s 26-year rule following a disputed election in August.
Persons: Human Rights Michelle Bachelet, Martial, Michelle Bachelet, Bachelet, Alexander Lukashenko’s Organizations: Nations, Human Rights, GENEVA Locations: Geneva, Switzerland, Belarus
Dividends Aren’t Always a Reliable Guide to Bank Health
  + stars: | 2020-12-04 | by ( Rochelle Toplensky | ) www.wsj.com + 0.57   time to read: +2 min
Investors shouldn’t take a resumption of generous payouts as a sure sign of relative strength. Bank regulators that banned dividends during the spring lockdowns are expected to announce this month whether they will allow them again. European bank shares have rallied since the mid-November vaccine news but are still down more than 15% on the year. Switzerland has the lightest touch of the big European jurisdictions, allowing 2019 dividends to be paid, albeit in two installments rather than one. Both big Swiss banks received permission to pay their second tranche and UBS seems likely to resume share buybacks next year too.
Organizations: Bank, Barclays, Vaccines, UBS Locations: Switzerland
UBS appoints Sabine Keller-Busse as president of Swiss unit
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com + 0.60   time to read: 1 min
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, January 27, 2017. REUTERS/Arnd WiegmannZURICH (Reuters) - UBS Group AG said on Friday it appointed Chief Operating Officer and President EMEA Sabine Keller-Busse as president of UBS Switzerland, while Iqbal Khan, co-president of global wealth management, will succeed Keller-Busse as president EMEA, in addition to his current role. Keller-Busse, who joined UBS in 2010 and was named Group COO in 2018, succeeds Axel P. Lehmann who has decided to step down from his current roles as president personal & corporate banking and president UBS Switzerland at the end of January 2021, and will leave the bank after a transition phase at the end of July, UBS said in a statement. All changes are effective Feb. 1, 2021, UBS said.
Persons: EMEA Sabine Keller, Busse, Iqbal Khan, Keller, Axel P, Lehmann Organizations: Swiss, UBS, REUTERS, Wiegmann, UBS Group, EMEA Locations: Zurich, Switzerland, Wiegmann ZURICH, UBS Switzerland
ZURICH (Reuters) - UBS Group on Friday named Chief Operating Officer and President EMEA Sabine Keller-Busse as president of UBS Switzerland, the first big revamp since Chief Executive Ralph Hamers took the reins at the world’s largest wealth manager last month. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, January 27, 2017. REUTERS/Arnd WiegmannIqbal Khan, co-president of global wealth management, will succeed Keller-Busse as president EMEA, in addition to his current role, UBS said in a statement. She is the first woman to lead UBS’s Swiss business. He said Keller-Busse knew UBS’s Swiss business very well.
Persons: EMEA Sabine Keller, Busse, Ralph Hamers, Arnd Wiegmann Iqbal Khan, Keller, Axel P, Lehmann, , Sabine, ” Lehmann, , Jose Javier Lodeiro, Bussse, ” Lodeiro Organizations: UBS Group, EMEA, UBS, Swiss, REUTERS, Reuters Locations: ZURICH, UBS Switzerland, Zurich, Switzerland, Swiss
Gold on track for weekly gain as U.S. stimulus hopes dent dollar
  + stars: | 2020-12-04 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
Gold prices firmed on Friday, set for their first weekly gain in four, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted the metal's appeal as an inflation hedge. Spot gold rose 0.2 % to $1,843.99 per ounce by 0310 GMT. The U.S. dollar eased on Friday and was set for its worst week since early November, making gold cheaper for other currency holders. Also supporting gold was news that drugmaker Pfizer slashed its target for the rollout of its Covid-19 vaccine on supply disruptions. Silver rose 0.1% to $24.09 per ounce and was set to climb 6% in the week.
Persons: Margaret Yang, Yang Organizations: U.S . Federal Reserve, U.S, Congress, Pfizer, Fitch Solutions Locations: SA, Lugano, Switzerland
9 4,081 deaths Nov. 28 4,082 deaths Covid-19 daily deaths Spring wave of Covid-19 Fall wave Source: New York Times database. A devastating second wave has forced reluctant governments back into lockdowns or restrictions and inflicted new scars on European economies. We now know that the second wave in Europe has become deadlier than the first. Today, Poland faces a severe second wave that is straining its hospitals to the breaking point. Denmark, Finland, Iceland and Norway have kept the second wave at bay.
Persons: Rush, ” Ursula von der Leyen, Laetitia Vancon, weren’t, Cases, , Emmanuel André, Emma Hodcroft, Hodcroft, Devi Sridhar, von der Leyen, Sleepwalking, Pavel Plevka, Petr Smejkal, let's, Aneta, , Ms, Afelt, Lockdowns, Dmitry Kostyukov, Bruno Ciancio, Sridhar Organizations: New York Times, Union, European, European Centre for Disease Prevention, Greece Croatia, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania Latvia Austria Romania, Denmark, Denmark Sweden Norway Finland Ireland, European Commission, SIC, Tourists, The New York Times Research, University of Bern, Edinburgh University Medical School, , Masaryk University, The New York Times, Institute of Clinical, Medicine, Centre for Disease Prevention, Research, National, Warsaw University, Croatia, Malta, Edinburgh University Locations: United Kingdom, Iceland, Liechtenstein, Norway, Europe, United States, European Union, lockdowns, Italy, Bergamo, Greece, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania Latvia Austria, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania Latvia Austria Romania Iceland Portugal Cyprus Luxembourg Estonia Germany Italy Belgium France Netherlands Spain, Denmark Sweden Norway Finland, Belgium, Portugal, Germany, Britain, Ireland, Finland, Central, Eastern Europe, Bulgaria, , Spain, Munich, , Switzerland, Czech Republic, Brno, Prague, Poland, Hungary, Covid, Brussels, Denmark, Slovakia, Slovenia, Lithuania, Latvia, Austria, Romania, Cyprus, Luxembourg, Estonia, France, Netherlands, Kingdom, Sweden, Hodcroft
The EU could go ahead with its Covid stimulus, despite Hungary and Poland’s veto
  + stars: | 2020-12-04 | by ( Silvia Amaro | ) www.cnbc.com sentiment -0.97   time to read: +1 min
LONDON — The European Union could implement its massive coronavirus stimulus plan without Hungary and Poland, which are vetoing its budget, top EU officials have said. Hungary and Poland have vetoed the EU budget plan for 2021 through 2027 because they oppose the link between disbursing EU funds and compliance to European vales, the so-called rule-of-law mechanism. In an interview on Friday morning, the EU's budget chief, Johannes Hahn, said that Budapest and Warsaw "cannot stop us from helping our citizens," the FT reported. It comes after the EU's trade commissioner, Valdis Dombrovskis, told CNBC on Wednesday that the EU was looking at "different possible options," when asked if Hungary and Poland could be side-lined. However, pushing the budget through without the two nations could have long-term consequences that most European officials will be keen to avoid.
Persons: Ursula von der Leyen, Johannes Hahn, Valdis Dombrovskis Organizations: European Commission, Economic, LONDON, European, CNBC Locations: Davos, Switzerland, Hungary, Poland, European, Brussels, Budapest, Warsaw
Breakingviews - Daimler could be Elon Musk's Time Warner
  + stars: | 2020-12-03 | by ( Christopher Thompson | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Arnd WiegmannLONDON (Reuters Breakingviews) - Electric-car maker Tesla is worth an eye-popping $540 billion despite a puny 0.8% global market share. One name remaining is $74 billion Daimler, the world’s biggest-selling luxury carmaker, whose shares have trailed the benchmark STOXX Europe 600 Auto index over the past 5 years. But adding Daimler could increase Tesla’s global car output around fourfold. And the German group’s deep foundations in Europe and China, the two biggest battery-vehicle markets, would reinforce Musk’s electric offensive. At Tesla’s current equity value, Musk could theoretically snap up a target worth $100 billion or more.
Persons: Tesla, Elon Musk, Musk, VW, There’s Organizations: Tesla, REUTERS, Reuters, AOL, Time Warner, Benz, Daimler, JPMorgan, Toyota Motor, Toyota, Volkswagen, Ford Motor, General Motors, BMW, VW, U.S Locations: Dietikon, Switzerland, EVs, Europe, China, Tesla
Swiss won't bow to foreign pressure on ski resorts - minister
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.84   time to read: +1 min
FILE PHOTO: Swiss Interior Minister Alain Berset speaks during a news conference with Swiss President Simonetta Sommaruga (not pictured) and Swiss Economic Minister Guy Parmelin (not pictured), as the spread of the coronavirus disease (COVID-19) continues, in Bern, Switzerland October 28, 2020. REUTERS/Arnd WiegmannZURICH (Reuters) - Switzerland will not bow to foreign pressure to close ski resorts over year-end holidays as some neighbours have done, Health Minister Alain Berset said on Thursday, while warning that infection rates in the nation remained “very worrying”. Austria will let resorts reopen for Christmas while making ski holidays nearly impossible. “Switzerland does not react to pressure from other countries,” Berset told reporters after visiting health workers in Basel, saying Bern was in constant contact with neighbours. It is very unpleasant for us.”Swiss health authorities have reported more than 340,000 infections and 4,747 deaths since the outbreak began.
Persons: Alain Berset, Simonetta Sommaruga, Guy Parmelin, ” Berset, Organizations: Swiss, Swiss Economic, REUTERS, Wiegmann, Neighbours Locations: Bern, Switzerland, Wiegmann ZURICH, COVID, Neighbours France, Italy, Germany, Austria, Basel, Europe, Swiss
This time, it's about presidential pardon power. Throughout his presidency, Trump has all but ignored the pardon attorney — the office does not even have a permanent head. Before Trump, presidents of both parties traditionally relied on the pardon attorney to screen clemency applications. Former Pardon Attorney Margaret Love once characterized it as "a regular part of the housekeeping business of the presidency." The pardon attorney review process was, to be sure, far from perfect.
Persons: Donald Trump, Bill Clinton, Marc Rich, Rich, Denise, Clinton, Trump, Joe Biden, Clinton's, , Michael Flynn, Joe Arpaio, Margaret Love, Mark Osler, Biden, Paul Larkin, Osler, Rachel E, Alexander Hamilton Organizations: Justice, Trump, White, Justice Department, Houses, Clinton Locations: United States, Switzerland, Trump, Federalist
BELLINZONA, Switzerland (Reuters) - A former rebel commander accused of being involved in the killing of 18 civilians and other crimes that included rape and eating pieces of a school teacher’s heart during Liberia’s civil war appeared in a Swiss court room on Thursday. His lawyer said Kosiah, who was arrested in Switzerland in 2014, was not present in the area in question when the alleged crimes were committed. Dressed in a shirt and black suit, Kosiah listened attentively and took regular notes, briefly responding to opening questions from the judge. In one alleged incident described in the indictment, Kosiah joined fighters in eating slices of an assassinated man’s heart off a metal plate. Kosiah, who has given testimony to Swiss prosecutors, has not yet pleaded in court and is due to be heard next week.
Persons: Kosiah, attentively, ” Kosiah’s, Charles Taylor, , man’s, Alieu Kosiah, Dimitri Gianoli, ” Alain Werner, Gianoli Organizations: West, Reuters, Federal, Liberian Locations: BELLINZONA, Switzerland, Swiss, Lofa, Liberia, Bellinzona
His lawyer said Kosiah, who was arrested in Switzerland in 2014, was not present in the area in question when the alleged crimes were committed. Kosiah’s alleged crimes are listed by the Swiss court as “recruitment and use of a child soldier, forced transportation, looting, cruel treatment of civilians, attempted murder, murder (directly or by order), desecration of a corpse and rape”. In one alleged incident, Kosiah joined fighters in eating slices of an assassinated man’s heart off a metal plate. Kosiah, who has given testimony to Swiss prosecutors, has not yet pleaded in court and is due to be heard next week. The Swiss Attorney General’s office has said the case took a long time to prepare partly because of a lack of help from Liberian authorities.
Persons: Kosiah, attentively, , , Kosiah’s, Charles Taylor, man’s, Alieu Kosiah, Dimitri Gianoli, General’s, ” Alain Werner, Gianoli Organizations: West, Reuters, Federal, Swiss, Liberian, Lawyers Locations: BELLINZONA, Switzerland, Lofa, Liberia, Bellinzona
Nestle to invest 3.2 billion Sfr to cut carbon emissions
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: The company's logo is seen at a Nestle plant in Konolfingen, Switzerland September 28, 2020. REUTERS/Arnd WiegmannZURICH (Reuters) - Nestle said on Thursday it plans to invest 3.2 billion Swiss francs ($3.58 billion) over the next five years to reduce its climate impact and help it get to net zero emissions by 2050. The world’s biggest food company said it would work with farmers and suppliers to promote regenerative agriculture, plant hundreds of millions of trees, and switch to renewable electricity for all its power by 2025. The maker of KitKat chocolate bars and Nescafe coffee, which produced 92 million tonnes of greenhouse gases in 2018, said it would finance these investments primarily through operational and structural efficiencies to keep this initiative earnings neutral. (This story refiles to fix typos in headline and first paragraph)
Persons: Nestle Organizations: Nestle, REUTERS, Wiegmann Locations: Konolfingen, Switzerland, Wiegmann ZURICH
Nestle to invest $3.58 billion to cut carbon emissions
  + stars: | 2020-12-03 | by ( ) www.cnbc.com sentiment -0.98   time to read: +1 min
The company's logo is seen at a Nestle plant in Konolfingen, Switzerland September 28, 2020. Nestle said on Thursday it plans to invest 3.2 billion Swiss francs ($3.58 billion) over the next five years, giving details on how it wants to reach its goal of net zero emissions by 2050. As first steps, it wants to halve its emissions by 2030 and use 100% renewable electricity at its 800 global sites by 2025, the world's biggest food company said in a statement. It also wants to scale up its reforestation program, planting 20 million trees every year for the next 10 years in the areas where it sources ingredients. Nestle also said it wanted to offset all business travel by 2022, and increase the number of 'carbon neutral' brands, notably by expanding plant-based offers.
Persons: Nestle Organizations: Nestle Locations: Konolfingen, Switzerland, Swiss
ET Jobless Claims Data Expected to Shed Light on Economy’s Direction: Live Updates RIGHT NOW Stocks slip lower before U.S. state unemployment claims data. —Stocks slip lower before U.S. state unemployment claims data. Credit... Facundo Arrizabalaga/EPA, via Shutterstock Wall Street was poised to open unchanged and European indexes drifted lower as investors awaited the latest U.S. weekly unemployment claims data. More than four in 10 Republicans support raising taxes on people earning more than $400,000 a year. Three-quarters of Republicans support a proposal to guarantee paid sick leave to workers during the coronavirus pandemic.
Persons: Jae C, , Diane Swonk, Grant Thornton, ” Ms, Swonk, inoculations, Michael Gapen, ” Mr, Gapen, Facundo Arrizabalaga, DAX, curfews, Joseph R, Biden, Mitch McConnell, Bill Ackman’s, Mike Pence, McConnell, Trump’s, Al Drago, Nancy Pelosi, Chuck Schumer, — Nestlé, Fabrice Coffrini, Nestlé, Mark Schneider, Schneider, Mr, , Trump, Jim Tankersley, Ben Casselman, Barack Obama, Republicans ’, Organizations: Associated, Barclays, CAC, Nikkei, Republican, Labor, West Texas, Tesco, Pershing Square Holdings, Capitol, The New York Times Independent, Democratic, Republicans, Companies, Agence France, The New York Times, Mr Locations: Norwalk , Calif, Chicago, London, Europe, Britain, France, Germany, Asia, Japan, Hong Kong, United States, Russia, Georgia, Nestlé, Switzerland, Swiss, York
FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. “Google has always worked to support a culture of internal discussion, and we place immense trust in our employees,” it said. Their firings capped two years of battling between Google and its workforce, particularly in the United States. The NLRB did not include in its complaint several other allegations sought by the workers, who said they would appeal. The NLRB’s case is expected to be heard and decided by an administrative law judge in the coming months.
Persons: Arnd, Laurence Berland, ” Berland Organizations: OAKLAND, National Labor Relations, Google, REUTERS, The Communications Workers of America, NLRB Locations: Calif, Davos, Switzerland, United States
FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann/File PhotoThe U.S. labor regulator found Google unlawfully placed employees on administrative leave and terminated them for accessing documents related to how the company polices internal forums, according to the complaint. “Google has always worked to support a culture of internal discussion, and we place immense trust in our employees,” it said. Their firings capped two years of battling between Google and its workforce, particularly in the United States. The case, which could lead to reinstatement of fired workers and changes in company policies, is scheduled to be tried in front of an administrative law judge on April 12.
Persons: Arnd, Laurence Berland Organizations: OAKLAND, National Labor Relations Board, Google, REUTERS, Communications Workers of America, NLRB Locations: Calif, Davos, Switzerland, United States
Bentley hires jets to fly car parts to Britain during Brexit
  + stars: | 2020-12-02 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
FILE PHOTO: A Bentley logo is pictured on a Continental model car during the 88th Geneva International Motor Show in Geneva, Switzerland, March 6, 2018. “We used to run just-in-time with two days stock. Now we have 14 days stock. If Britain fails to secure a negotiated trade agreement with European policymakers, Bentley would be able to absorb 10% import tariffs by raising prices and cutting costs. “Overall we are in a position where we will do well over 10,000 sales this year,” he said via Webcast.
Persons: Denis Balibouse, Adrian Hallmark, ” Hallmark, Bentley, Hallmark, , Organizations: Bentley, Volkswagen, European Union, Geneva, REUTERS, Westminster, Union, Financial, Hallmark Locations: FRANKFURT, Britain, Geneva, Switzerland, Brussels, Europe, Manchester, breakeven, China, United States
Revolut's latest slew of mobile app updates and its new online portal carry tangible benefits for the neobank. Revolut added app features and a new web portal to drive engagement. Insider IntelligenceRevolut also released a web app for customers in the European Economic Area, Australia, Canada, Singapore, Switzerland, Japan, and the US, per AltFi—marking the first time Revolut is available outside a smartphone app. A web portal helps Revolut stay on par with its primary neobank competitors, Monzo and Starling. By launching an online personal banking portal, Revolut draws parity with Starling, and may offer stronger online capabilities than Monzo.
Persons: neobank, Revolut, Starling Organizations: Intelligence, Economic Area, Junior, Monzo Locations: Australia, Canada, Singapore, Switzerland, Japan, neobanks
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