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☆ Airline worker among six arrested in $22M airport gold heist. Police say it was an inside job
▼ + stars: | 2024-04-17 | by ( Paula Newton | ) edition.cnn.com time to read: +3 min

The gold and currency had just arrived on an Air Canada flight from Zurich, Switzerland. At least two former Air Canada employees allegedly helped in the audacious theft, police say. “They needed people inside Air Canada to facilitate this theft,” Detective Sgt. “This was the largest gold heist in Canadian history, reportedly, it’s the sixth largest in world crime history,” said Deputy Police Chief Nick Milinovich. “I don’t think I ever imagined they’d have to deal with the largest gold heist in Canadian history, it’s almost out of an Ocean’s Eleven movie or a CSI.

Persons: Mike Mavity, ”, ” Peter Fitzpatrick, “, Eric, it’s, Nick Milinovich, Patrick Brown Organizations: Ottawa CNN —, Toronto’s Pearson International Airport, Police, Air Canada, Air, Peel Regional Police, US, of Alcohol, Tobacco, Firearms, Explosives, ATF, ” Police Locations: Canada, Zurich, Switzerland, Air Canada, Peel, Pennsylvania, Ontario, Brampton , Ontario

☆ 'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
▼ + stars: | 2024-04-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Sergio Ermotti, CEO of Swiss banking giant UBS, during the group's annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | Afp | Getty ImagesSwitzerland's tough new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based Porta Advisors. The government-backed takeover was the biggest merger of two systemically important banks since the Global Financial Crisis. At $1.7 trillion, the UBS balance sheet is now double the country's annual GDP, prompting enhanced scrutiny of the protections surrounding the Swiss banking sector and the broader economy in the wake of the Credit Suisse collapse. The Wednesday report floated giving additional powers to the Swiss Financial Market Supervisory Authority, applying capital surcharges and fortifying the financial position of subsidiaries — but stopped short of recommending a "blanket increase" in capital requirements.

Persons: Sergio Ermotti, Fabrice Coffrini, Beat Wittmann, Wittmann, Wittman, Goldman Sachs, Morgan Stanley — Organizations: UBS, Afp, Getty, Wall, Porta Advisors, Swiss, Credit Suisse, Suisse, Swiss Financial Market, Authority, JPMorgan, Citigroup Locations: Zurich, Switzerland

☆ A plane made an emergency landing in Newark after 'an unruly passenger' tried to get into the cockpit
▼ + stars: | 2024-04-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A passenger on a flight from Newark to Zurich tried to enter the cockpit. One of the flight attendants was injured by the unruly passenger, Blick reported. AdvertisementA Swiss International Air Lines plane had to turn back to Newark after a passenger reportedly injured a flight attendant while trying to enter the cockpit. An airline spokesperson told Business Insider the flight "had to turn back to Newark due to an unruly passenger" who "behaved abusively towards the crew." In an email to BI, a Port Authority of New York and New Jersey spokesperson said the plane turned around due to an unruly passenger.

Persons: —, Blick Organizations: Airbus, Service, International Air Lines, International Airlines, Port Authority of New Locations: Newark, Zurich, Swiss, Switzerland, Port Authority of New York, New Jersey

☆ ‘It’s a dolphin!’: Researchers uncover unusual ancient fossil in the Amazon
▼ + stars: | 2024-03-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

The newly identified dolphin species lived in a freshwater lake in the Peruvian Amazon 16 million years ago. This composite image captures the phases of a total solar eclipse as they unfolded in El Molle, Chile, in July 2019. Stan HondaOn April 8, astrophotographer Stan Honda will be stationed in Fredericksburg, Texas, armed with four cameras to document the total solar eclipse. Mark your Apple iCal or Outlook, Google, or Office365 calendar with the date of the upcoming total solar eclipse, which CNN will be covering live. UnearthedThe remains of a decorative wall can be seen at the site of an ancient home renovation in Pompeii.

Persons: Dr, Austin Gallagher, Gallagher, Pebanista yacuruna, Jaime Bran, ”, Aldo Benites, Emperor Wu, couldn’t, Wu, Stan Honda, Honda, Apple, George Washington, Samuel, Washington, Francesca Giarelli, Everest, —, Ashley Strickland, Katie Hunt Organizations: CNN, University of Zurich, Honda, Google, Italy Ministry of Culture, Red River Archaeology, CNN Space, Science Locations: Bahamas, Peruvian, Peru’s Loreto, Switzerland, China, Mongolia, El Molle, Chile, Fredericksburg , Texas, Mount Vernon , Virginia, Samuel’s Harewood, Charles Town, West Virginia, Harewood, Red, English, Oxfordshire, Cairo

☆ UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
▼ + stars: | 2024-03-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return at the helm of the Swiss banking giant, following its takeover of stricken rival Credit Suisse. Hamers earned 12.6 million Swiss francs in 2022 during his last full year as CEO, according to UBS' annual report published on Thursday. In total, the bank's executive board picked up a 140.3 million Swiss franc pay package in 2023, a significant increase from the previous year's 106.9 million francs. UBS shares have gained more than 52% since Ermotti took the reins on April 5, 2023.

Persons: Sergio Ermotti, Colm Kelleher, Ermotti, Ralph Hamers, Hamers Organizations: UBS, Credit Suisse Locations: Zurich, Swiss

☆ Ancient giant dolphin discovered in the Amazon
▼ + stars: | 2024-03-26 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

And though there are Amazonian freshwater dolphin species alive today, they aren’t close kin to that ancient cetacean. There’s the South Asian river dolphin (Platanista genus) and the Amazon river dolphin (Inia genus), also known as the pink river dolphin, and the two groups include several species and subspecies. Researchers discovered the Amazonian dolphin fossil in 2018, near the Napo River in Loreto, Peru. At first, they thought it would turn out to be an ancient relative of modern Amazonian river dolphins. “That was a moment where everybody freaked out, because it wasn’t an Amazonian river dolphin,” Benites-Palomino said.

Persons: ”, Jorge Velez, ” Velez, Juarbe, Aldo Benites, Palomino, John J, Flynn, Palomino “, John, freaked, Benites, yacuruna, Rodolfo Salas, Gismondi, ” Benites, Pebanista, ” Mindy Weisberger Organizations: CNN, American Association for, Advancement of Science, Juarbe, of Los, International Union for, Nature, IUCN, University of Zurich’s Department of Paleontology, American Museum of, of, World Wildlife Fund, Velez, Scientific Locations: Peruvian, South Asia, America, of Los Angeles County, Loreto , Peru, New York City, Peru, of Lima, Amazonia

☆ For $60, you could 'poison' the data AI chatbots rely on to give good answers, researchers say
▼ + stars: | 2024-03-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

Read previewA group of AI researchers recently found that for as little as $60, a malicious actor could tamper with the datasets generative AI tools similar to ChatGPT rely on to provide accurate answers. Tramèr and a team of AI researchers then posed the question in a paper published in February on arXiv, a research paper platform hosted by Cornell University: Could someone deliberately "poison" the data an AI model is trained on? The team then monitored how often researchers downloaded from the datasets that contained domains Tramèr and his colleagues owned. as the site is a "very prime component of the training sets" for language models, Tramèr said. AdvertisementTramer also adds that data poisoning isn't even necessary at the moment due to the existing flaws of AI models.

Persons: —, Florian Tramèr, Tramèr, Tramer, I'm, He's Organizations: Service, Business, ETH Zurich, Cornell University Locations: arXiv

☆ I moved to Finland for the music scene, and now see why it's the happiest country in the world
▼ + stars: | 2024-03-16 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Seraphine Meschberger loved concerts in Finland so much she'd fly there from Switzerland to attend. In November 2022, I decided to move to Finland for concerts and music after graduating from university. I decided to move when flights to Finland got more expensive after the pandemicWhen I visited Finland for concerts, I stayed in Airbnbs and hostels. AdvertisementI think Finland is one of the 'happiest' countries in the world and I prefer it to SwitzerlandSince moving to Finland eight months ago, I've been to 16 concerts and two music festivals. AdvertisementIn this regard, Finland is very similar to Switzerland, but I still prefer Finland.

Persons: Seraphine Meschberger, —, she'd, Michael Monroe, I've, I'd, Meschberger, I'm, hasn't Organizations: Service, McDonald's, didn't Locations: Finland, Switzerland, Helsinki, Finnish, Zurich, Airbnbs, Ruisrock, Meschberger

Learn moreTaylor Swift's reign continues as she ramps up for the next leg of The Eras Tour. If you're hoping to attend, we've compiled all of the details of The Eras Tour, including how to get Taylor Swift tour tickets. Below, we've put together a guide on everything to know about The Eras Tour, including the tour schedule, ticket purchasing details, resale ticket prices, and the concert film streaming options. On Vivid Seats, the cheapest Taylor Swift tickets on these dates start at $1,133 and $2,212, respectively. Check out everything you need to know about streaming The Eras Tour concert film in our guide.

Persons: Taylor, she'll, we've, Taylor Swift, Swift, Paramore, Gracie Abrams Organizations: Business, Canada, Poets Department, Ticketmaster, Miami, Vancouver ., Swift, Disney Locations: Paris, North America, London, France, Stockholm, Sweden, Lisbon, Portugal, Madrid, Spain, Lyon, Edinburgh, United Kingdom, Liverpool, Cardiff, Dublin, Ireland, Amsterdam, Netherlands, Zurich, Switzerland, Milan, Italy, Gelsenkirchen, Germany, Hamburg, Munich, Warsaw, Poland, Vienna, Austria, Miami, New Orleans, Indianapolis, Canada, Toronto, Vancouver, LA, Miami , Florida

LONDON (AP) — British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares. Swisscom, a telecoms operator, will pay in cash that it will finance through new debt. "Fastweb and Vodafone Italia are an ideal fit to create high added value for all stakeholders." Swisscom will pay annual initial charges of 350 million euros, which is expected to decrease over time. ”Its refreshed strategy also has seen it seek to merge its U.K. business with Three U.K. to create Britain’s biggest mobile phone network worth around 15 billion pounds ($19 billion).

Persons: Swisscom, Christoph Aeschlimann, Margherita Della Valle, “, ”, Sophie Lund, Yates, stockbrokers Hargreaves Lansdown Organizations: Vodafone, Fastweb, Vodafone Italia Locations: British, Italy, Hungary, Ghana, London, Zurich

☆ Tesla to pay $42 million for employee crash that injured motorcyclist
▼ + stars: | 2024-03-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023. Tesla and the employee, Kyle Kaszuba, must pay more than $42 million in damages to the victim, Christopher Dugan, a Marion County jury said in a Wednesday verdict. The jury found that Dugan was 30% liable for the crash, reducing the award from $60 million to $42 million. The crash occurred while Kaszuba was operating a 2014 Ford vehicle owned by Tesla either with the permission of Tesla or while working in his capacity as a Tesla employee, Dugan alleged in his initial complaint. The gas station near where the crash occurred is located just outside of a ramp to I-465, the ring road that encircles Indianapolis.

Persons: Tesla, Kyle Kaszuba, Christopher Dugan, Dugan, Kaszuba, Quinn Emanuel, Nick Rowley, — CNBC's Lora Kolodny Organizations: Tesla, Ford, Ford Super, Inc, View Locations: Zurich, An Indiana, Marion, Indianapolis

☆ Neeraj Chopra has gained unlikely stardom in India. If he wins another Olympic gold, he will be ‘treated like God’
▼ + stars: | 2024-03-11 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —In a line-up of India’s sporting heroes, most of whom have gained celebrity status through cricket, Neeraj Chopra is an anomaly. Matthias Hangst/Getty ImagesPrior to Chopra, India had practically no history in track and field, winning most of its Olympic medals in field hockey and wrestling. But still, Neeraj Chopra is the best sportsperson. “My main focus is to stay healthy,” says Chopra, “but I’m not taking the pressure of winning a gold medal again. He is a moving billboard, one can say now.”And if he wins a second gold medal at the Olympics?

Persons: Neeraj Chopra, ” Chopra, – Chopra, ”, Chopra, It’s, Matthias Hangst, Norris Pritam, He’s, Fabrice Coffrini, “, Pritam, Kirill Kudryavtsev, he’s, I’m, I’ll, ’, –, Michael Steele, ’ ” Organizations: CNN, CNN Sport, Ormax Media, Diamond League, Tokyo, “, ”, volleyball, Zurich Diamond League, Getty, Commonwealth Games, Paris Olympics, India Locations: India, Tokyo, Budapest, Khandra, Haryana, Panipat, AFP, Panchkula, Hungary

☆ Here are the top small cap picks from UBS if market rally keeps broadening out
▼ + stars: | 2024-03-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Small-cap stocks have had a shaky start in 2024, but UBS thinks the sector is worth looking at as a potential broader market rally could boost the sector. Year to date, the Russell 2000 index of small companies is up 2% while the S & P 500 has gained 6.6%. "We view the expectations around interest rates coming down as incrementally a more supportive backdrop for SMID stocks," UBS analyst Joseph Parkhill wrote in a note last week, referring to small- to mid-cap stocks. With these factors in mind, UBS analysts compiled their list of high conviction, small- and mid-cap names which the bank believes have a unique investment thesis behind them. U.S.-traded shares of Zurich-based On have surged more than 22% in 2023, bringing the past 12 months' rally to 45%.

Persons: Russell, Joseph Parkhill, Roger Federer, Jay Sole, Brody Preston, Preston, WAL, Joshua Chan, There's, — CNBC's Michael Bloom Organizations: UBS, Federal, LSEG, Western Alliance Bancorp Locations: ., Zurich, Phoenix, Aramark, Wall

☆ Don't want Russia to successfully invade your country? Then do this.
▼ + stars: | 2024-03-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Even though Russia may dwarf a small state, that doesn't guarantee a successful airport seizure. AdvertisementHere's some advice for nations who don't want Russian troops as uninvited guests: Guard your airport. However, other Russian airport takedowns have been largely successful. Stringer points to a special airport defense regiment that Switzerland stationed at Zurich Airport during the Cold War, as a good model. "Understanding and delineating the sequence of events Russia has historically used to initiate a coup and devising countermeasures to thwart these actions may prove critical in defending against the next Russian invasion."

Persons: —, Russia's, Kevin Stringer, Heather Gregg, Stringer, Hafizullah Amin, Amin, playbook, Michael Peck Organizations: Service, Guard, Kremlin, West, Institute ., Air, US Army, Russian, Spetznaz, Russian Defense Ministry Press Service, Rapid, Brigade, National Guard, Antonov, Zurich Airport, United States, 75th Ranger Regiment, Air Force, CIA, Hostomel, Defense, Foreign Policy, Twitter, LinkedIn Locations: Hostomel, Russia, Kyiv's Hostomel, Ukraine, Institute . Moscow, Prague, Kabul, Sevastopol, Kyiv, Ukrainian, Warsaw, Czechoslovakia, Baltic States, Moldova, Georgia, Russian, Switzerland, Zurich, Europe, Finland, Sweden, Forbes

☆ Zurich is trying to claw back $200 million after accidentally paying city employees double their salaries
▼ + stars: | 2024-02-28 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Read previewThe city of Zurich is trying to recoup roughly 175 million Swiss Francs, about $200 million, after a technical glitch saw all city employees paid double for February, according to local reports. Soon after, the city administration was inundated with calls from puzzled workers, Tages-Anzeiger reported, with some joking that the extra money constituted an adjustment for rampant inflation. AdvertisementPoliticians, too, have received double their fees for attending parliament in February, Tages-Anzeiger reported. All 30,000 employees are being sent a letter with a QR code linking to instructions for returning the money, NZZ reported. "With 30,000 employees, there are many special cases," Claudia Naegeli, a city finance department spokesperson, told the outlet.

Persons: —, Zürcher, NZZ, Claudia Naegeli Organizations: Service, Local, Business, Swisscom, Neue Zürcher Zeitung Locations: Zurich, Local Switzerland, Tages

☆ Multi-faceted nature of business helping overcome high inflation challenges, Zurich Insurance CEO says
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMulti-faceted nature of business helping overcome high inflation challenges, Zurich Insurance CEO saysMario Greco, CEO of Zurich Insurance, discusses the company's full-year results and explains how each of the business sectors are performing in the current macroeconomic environment.

Persons: Mario Greco Organizations: Zurich, Zurich Insurance

☆ European markets set to open higher as investors focus on euro zone data, earnings
▼ + stars: | 2024-02-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Thursday ahead of a busy day of earnings and data in the region. Preliminary services and manufacturing purchasing managers' index data from the euro zone in February is due Thursday, and will serve as a gauge of business activity in the region. Meanwhile, earnings are due from Nestle, Zurich Insurance, Iberdrola, Telefonica, Lloyds Banking Group, Rolls-Royce, WPP, Anglo American and Hargreaves Lansdown. Overnight, Japan's Nikkei hit a record high on Thursday, with investors shrugging off dismal business activity data from the country, while other Asia-Pacific markets traded in the green. S&P 500 futures rose in overnight trading Wednesday, boosted by a jump in Nvidia shares.

Persons: Hargreaves Lansdown, shrugging Organizations: Zurich Insurance, Iberdrola, Telefonica, Lloyds Banking Group, Royce, WPP, Nikkei, Nvidia Locations: Nestle, Asia, Pacific

LOS ANGELES (AP) — Patrick Cantlay and Xander Schauffele first competed at cards on the long flight to Australia for the Presidents Cup. Cantlay was solid as ever Saturday in the Genesis Invitational until a soft bogey toward the end of the round that effectively cut his lead in half. The final group is Cantlay and Schauffele, a pair of Californians who are now neighbors in Florida. Cantlay is trying to join Max Homa (2021) and John Merrick (2013) as players from the greater Los Angeles area trying to win what amounts to a hometown event. “Being from southern California, it's one of the tournaments on the list that I'd like to win the most,” Cantlay said.

Persons: — Patrick Cantlay, Xander Schauffele, Schauffele, Will Zalatoris, Cantlay, Tiger Woods, Jordan Spieth, Zalatoris, ”, ” Cantlay, Woods, “, ” Schauffele, we’re, Didn’t, Luke List, Harris, Jason Day, Max Homa, John Merrick, ___ Organizations: ANGELES, Riviera, Tiger, “, BMW, Wilmington Country Club, Travelers, PGA, Ryder, Cup, UCLA, Virginia Country Club, Sherwood Locations: Australia, Florida, Zurich, New Orleans, Riviera, Los Angeles, Thousand Oaks, California

☆ I traveled to 4 European countries via train, and I made 3 major mistakes along the way
▼ + stars: | 2024-02-17 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +4 min

In early February, I went on a two-week trip to Europe, on a mission to travel to six countries — including four of them by train. Here are three major mistakes I made along the way, and what you can do to avoid them. While some train rides — like the one from Venice to Rome on the Italian train company Trenitalia — were empty, others were packed. Many European train routes have multiple stops, and passengers simply get on and off the train. At boarding, hundreds of passengers scrambled for a seat, while I struggled to hoist my massive bag up the train.

Persons: —, Marielle, Trenitalia Organizations: Service, Union, China Railway, SBB, Swiss, Südtiroler Platz Locations: Switzerland, Germany, Austria, Italy, Europe, Zurich, Rome, Freiburg, Breisgau, Innsbruck, Venice, Thailand, Laos, China, Vientiane, Swiss, Buchs, Southeast Asia, Budapest

☆ Insurance giant Swiss Re posts 580% jump in full-year profit, warns consumers about climate costs
▼ + stars: | 2024-02-16 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024. Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive market environment after a "batch of bad years." The Zurich-headquartered company posted full-year net profit of $3.2 billion, in line with expectations according to an LSEG-compiled consensus. Reinsurance refers to insurance for insurance companies. Looking ahead, Mumenthaler warned that the price of the climate crisis would soon be at the door of consumers for the first time.

Persons: Christian, Christian Mumenthaler, CNBC's, Mumenthaler Organizations: Swiss, Economic, Insurance, Swiss Re Locations: Davos, Zurich, Hurricane, Florida

☆ Adecco Pledged to Find Jobs for 85,000 Refugees
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

ZURICH (Reuters) - Adecco Group will help 85,000 refugees find jobs and train 17,000 people by the end of 2027, the staffing company said on Wednesday. The Swiss company said it was also launching a dedicated website to help refugees find jobs. "No one chooses to be a refugee. The pledge to help refugees was an increase from a promise made by Adecco in June 2023, when it said it wanted to find jobs for 50,000 refugees and provide technical and language training for 10,000. Photos You Should See View All 22 Images(Reporting by John Revill, editing by Kirsti Knolle)

Persons: Christoph Catoir, Adecco, John Revill, Kirsti Knolle Locations: ZURICH, Swiss

I left big city life behind in 2020. I knew I couldn't achieve these goals living in a big city. I'd lived in big cities my whole life, including notoriously unaffordable cities in the world like Toronto, Zurich, and Geneva. I knew I couldn't do this, at least not in the way I wanted to, in a big city. If I want to live in a big city again someday and still have some space around me, I need to plan very carefully.

Persons: I'd, I've, I'm Organizations: Service, Mastercard Locations: Toronto, Zurich, Geneva

☆ 3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
▼ + stars: | 2024-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.

Persons: —, Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, …, fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum

☆ Elon Musk wants to get in on the action to decipher 2,000-year-old papyrus scrolls
▼ + stars: | 2024-02-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is keen to help with efforts to decode 2,000-year-old papyrus scrolls. In a post on X, the billionaire volunteered funds for the Vesuvius Challenge project. Musk told Bloomberg that he was in "favor of civilizational enlightenment." AdvertisementElon Musk wants to help with efforts to decode 2,000-year-old papyrus scrolls. AdvertisementThe Vesuvius Challenge is ongoing since the scrolls have only been partially deciphered.

Persons: Elon Musk, Musk, —, Skip, Nat Friedman, GitHub, Luke Farritor, Youssef Nader, Julian Schilliger Organizations: Bloomberg, Service, Musk Foundation, SpaceX, University of Nebraska, Business Locations: Herculaneum, Mount, Lincoln, Berlin, Swiss, Zurich

☆ Asset manager names one under-the-radar market to buy when times are bad, giving 6 stock picks
▼ + stars: | 2024-02-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"People recommend investing in the Swiss market during uncertain periods – like if you are expecting a recession. "Maybe in a bull market, Swiss equities are not going to be a huge outperformer globally — but they can generate positive returns. But in difficult times, Swiss equities, besides the U.S., is one of the markets to buy," Bänziger said. In her view, Swiss stocks benefit from the strong Swiss franc and a political system that fosters innovation in companies. Meanwhile, Bänziger believes Swiss Prime Site and PSP Swiss Property make good investments among small- and mid-caps, given the opportunities in the Swiss real estate sector.

Persons: Carla Bänziger, Bänziger, Stocks Organizations: U.S . Federal, that's, CNBC Pro, Swiss, State Secretariat, Economic Affairs, Swiss Re, SIX Swiss Exchange, Dow Jones International Real, ABB, Nestle, Roche, Novartis Locations: that's Switzerland, Swiss, Zurich, U.S, Switzerland, Germany, China, Europe

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