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☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Brazil's Embraer posts 34% profit jump, maintains outlook
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ UEFA to co-organise Ballon d'Or from 2024
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Soccer Football - Euro 2028 & Euro 2032 Hosts Announcement - Nyon, Switzerland - October 10, 2023 The UEFA logo is pictured at the headquarters ahead of the announcement REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsNov 3 (Reuters) - UEFA has partnered with Groupe Amaury to co-organise the prestigious Ballon d'Or awards from 2024, Europe's soccer governing body said on Friday. Groupe Amaury, the owner of media companies France Football and L'Equipe, will remain the owner of the Ballon d'Or brand and will continue to oversee the voting system so it remains independent. But UEFA will continue to present the President's Award as well as prizes for the best player in each of their competitions. "UEFA and Ballon d'Or are synonyms of sporting excellence, so our partnership will be a natural blend of prominence and a synergy that promises to be nothing short of exceptional." FIFA partnered with the Ballon d'Or between 2010 and 2015 before world soccer's governing body created the "The Best" awards which have been presented every year since 2016.

Persons: Denis Balibouse, Ballon, Aleksander Ceferin, Lionel Messi, Aitana Bonmati, Rohith Nair, Ed Osmond Organizations: Soccer Football, UEFA, Groupe Amaury, France Football, L'Equipe, FIFA, Barcelona, Thomson Locations: Nyon, Switzerland, Argentina, Bengaluru

GENEVA, Nov 2 (Reuters) - The largest internally flawless fancy vivid blue diamond ever put up for auction could sell for up to $50 million at a Christie's sale of rare jewels in Geneva on Nov. 7, the auctioneer said on Thursday. Known as "Bleu Royal," this vivid blue diamond - which is set in a ring - is among the rarest ever to be unearthed. "What makes Bleu Royal so rare and special is its size. In 2016, Christie's sold a rare, 14.6-carat blue diamond known as the "Oppenheimer Blue" for more than $57 million. Two years ago the watch, now valued at between 1 million and 2 million Swiss francs, sold at auction for $2 million Swiss francs ($2.2 million).

Persons: Rahul Kadakia, Christie's, Oppenheimer, Kadakia, we've, Carola Chiadini, Denis Balibouse, Audrey Hepburn, Marlon Brando, Remi Guillemin, Guillemin, Gabrielle Tétrault, Farber, Cécile, Matthew Lewis Organizations: REUTERS, Thomson Locations: GENEVA, Geneva, Asia, Europe, Switzerland, Christie's

☆ Switzerland lifts extra restrictions against gay men giving blood
▼ + stars: | 2023-11-01 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +3 min

[1/2] Nurse Agnes Besancon check on Gabriel Delabays during a blood donation on the first day gay men in the country could give blood after Switzerland lifted long-standing restrictions, at the transfusion center CRS in Epalinges near Lausanne, Switzerland, November 1, 2023. Switzerland amended blood donation criteria for men who have sexual relations with other men, making ineligibility criteria the same for homosexuals and heterosexuals. Until 2017, gay men were systematically barred from giving blood in Switzerland, a policy dating to the start of the HIV/AIDS epidemic in the 1980s. Some other European countries, including Spain and Italy, have no restrictions preventing men who have sexual relations with men from giving blood. France removed additional restrictions on gay blood donors last year.

Persons: Agnes Besancon, Gabriel Delabays, Denis Balibouse, I'm, Gaé, SwissMedic, Donor Delabays, Gabrielle Tétrault, Farber, Alison Williams Organizations: REUTERS, Swiss Liberal Free Democratic Party, Swiss Transfusion SRC, Thomson Locations: Switzerland, Epalinges, Lausanne, EPALINGES, Swiss, Ecublens, Pink, Spain, Italy, France

REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsLONDON, Oct 31 (Reuters) - Global gold demand excluding over-the-counter (OTC) trading slipped 6% in the third quarter as central bank buying fell short of last year's record levels and consumption by jewellers declined, the World Gold Council (WGC) said on Tuesday. Gold demand shot to an 11-year high in 2022 due to the biggest central bank purchases on record. "With geopolitical tensions on the rise and an expectation for continued robust central bank buying, gold demand may surprise to the upside," said Louise Street, senior markets analyst at the WGC. Central bank demand totalled 337.1 tons, down from a record 458.8 tons a year before. QUARTERLY GOLD SUPPLY AND DEMAND (tonnes)** Source: World Gold Council, Gold Demand Trends Q3 2023Reporting by Polina Devitt; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Louise Street, Polina Devitt, Jan Harvey Organizations: REUTERS, Gold Council, Gold, Thomson Locations: Mendrisio, Switzerland, Central, Europe

☆ Hungary to host Israel Euro 2024 qualifying matches v Switzerland, Romania
▼ + stars: | 2023-10-31 | by ( Lori Ewing | ) www.reuters.com time to read: +1 min

Soccer Football - Euro 2028 & Euro 2032 Hosts Announcement - Nyon, Switzerland - October 10, 2023 The UEFA logo is pictured at the headquarters ahead of the announcement REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 31 (Reuters) - Two of Israel's upcoming Euro 2024 qualifying games will be played in Hungary, European soccer's governing body UEFA announced on Tuesday. UEFA postponed all matches scheduled in the country earlier this month due to the Israel-Hamas conflict. The Pancho Arena in Felcsut will host Israel's Group I qualifying game against Switzerland on Nov. 15 and their Nov. 18 match against Romania. The matches will be played with spectators, UEFA said. Israel, who have 11 points from six matches and sit third in the group, are also playing away at Kosovo on Nov. 12.

Persons: Denis Balibouse, Israel, Lori Ewing, Christian Radnedge Organizations: Soccer Football, UEFA, Switzerland, Romania, Thomson Locations: Nyon, Switzerland, Hungary, European, Israel, Felcsut, Kosovo

☆ Bosnia FA sanctioned by UEFA over crowd trouble
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO:Soccer Football - Euro 2028 & Euro 2032 Hosts Announcement - Nyon, Switzerland - October 10, 2023 The UEFA logo is pictured at the headquarters ahead of the announcement REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 25 (Reuters) - UEFA has sanctioned the Bosnian Football Association (NFSBIH) for crowd disturbances at their recent Euro 2024 qualifying games, European soccer's governing body said on Wednesday. UEFA's Control, Ethics and Disciplinary Body fined Bosnia 20,000 euros ($21,000) and ordered the partial closure of their stadium for their next home match for the discriminatory behaviour of their supporters during the game against Portugal. They have also been fined 26,000 euros for the blocking of public passageways, throwing of objects and invasion of the pitch at the match on Oct. 16. Bosnia have also been fined 20,000 euros and received a ban on selling tickets to supporters for their next competitive away game for the lighting and throwing of fireworks during the match in Liechtenstein on Oct. 13. ($1 = 0.9459 euros)Reporting by Trevor Stynes, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Trevor Stynes, Ed Osmond Organizations: Football, UEFA, Bosnian Football Association, UEFA's, Bosnia, Portugal, Thomson Locations: Nyon, Switzerland, Bosnia, Liechtenstein

☆ UBS to cut Credit Suisse investment bank staff in Spanish overhaul
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Some 147 jobs from among the 350 people employed by Credit Suisse in Spain will be cut, UBS (UBSG.S) said on Wednesday, with the large majority going from its investment bank. The remainder of the Credit Suisse investment bank staff in Spain will move over to UBS in the coming months, it added. A small number of jobs will also go in the wealth management business, UBS said, although it did not give a full breakdown. UBS said it remained committed to wealth management, investment banking and asset management in Spain.

Persons: Denis Balibouse, John Revill, Jason Neely, Alexander Smith Organizations: Credit Suisse, UBS, REUTERS, Rights, Thomson Locations: Zurich Switzerland, Spain, Swiss, we're

☆ Swiss shift rightwards in vote as immigration fears trump environment
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

The Swiss Parliament Building (Bundeshaus) is pictured in early autumn light in Bern, Switzerland October 11, 2021. The SVP cemented its place as the biggest group in parliament's lower house, increasing its share of the vote to 28.6%, according to data from the Swiss Federal Statistics Office. The SVP also highlighted the expense of the asylum system, while arguing that crime rates were rising because of immigration. Switzerland's second-biggest party, the left-leaning Social Democrats (SP) also slightly increased its share of the vote to 18%. The big loser in the election was the Green Party, whose support fell 3.8 percentage points, losing them five seats.

Persons: Denis Balibouse, Switzerland's, Cedric Wermuth, John Revill, Hugh Lawson Organizations: Swiss, Rights, Swiss People's Party, SVP, Swiss Federal Statistics Office, National Council, Social Democrats, Green Party, pollsters GFS, Thomson Locations: Bern, Switzerland, Ukraine, pollsters, pollsters GFS Bern

☆ UBS overhauls board of domestic business after Credit Suisse takeover
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsZURICH, Oct 20 (Reuters) - UBS (UBSG.S) on Friday said it will overhaul the board of its domestic Swiss business after its takeover of Credit Suisse, including a new chairman to oversee both operations. The lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland. He will replace Markus Ronner, who was chairman of UBS Switzerland since 2022, and Peter Derendinger, who served as chairman of the board of directors of Credit Suisse (Schweiz) AG since March 2019. He has been a member of the board of directors of UBS Switzerland AG since 2020.

Persons: Denis Balibouse, Roger von Mentlen, Markus Ronner, Peter Derendinger, Von Mentlen, Sergio Ermotti, Roger, John Revill, Friederike Heine, Gerry Doyle Organizations: Credit Suisse, UBS, REUTERS, Rights, Swiss, UBS Switzerland, Credit Suisse Switzerland, AG, Credit, UBS Switzerland AG, ”, Thomson Locations: Zurich Switzerland, UBS Switzerland, Schweiz, Swiss, Switzerland

Real internal growth (RIG) - or a measure of sales volumes - fell 0.6%, meeting expectations. "The ultimate catalyst for the stock's multiple to improve is going to be seeing that volume number going positive." Analysts had on average expected organic sales growth of 8.1%. Nestle confirmed its full-year outlook of organic sales growth between 7% and 8% and underlying trading operating profit margin between 17.0% and 17.5%. The drug's popularity has prompted concerns in the consumer and retail industry over whether food sales will be impacted.

Persons: Denis Balibouse, Nestle, Mark Schneider, Schneider, Richard Saldanha, Maggi, Novo, Richa Naidu, Christopher Cushing, Jason Neely Organizations: Nestle, REUTERS, Gillette, Aviva, Novo Nordisk's, Walmart, Thomson Locations: Romont, Switzerland, Ukraine

☆ Swiss satellite antennas make a comeback as solar powerhouses
▼ + stars: | 2023-10-19 | by ( Denis Balibouse | Thomson Reuters | Award Winning Photographer Based In Switzerland With Over Years Of Experience In Coverage Of Local | ) www.reuters.com time to read: +2 min

[1/5] Employees of Swiss electricity producer and supplier CKW, part of Axpo, install solar panels in a satellite dish at the Leuk Teleport and Data Center in Leuk, Switzerland, October 18, 2023. REUTERS/Denis Balibouse Acquire Licensing RightsLEUK, Switzerland, Oct 19 (Reuters) - High in the Alps, two Swiss companies are repurposing obsolete satellite antennas into giant solar panels, taking advantage of Switzerland's mountainous terrain to generate much-needed green energy. Its mountainous location means the solar panels will get more direct sunlight, especially in winter, than if they were installed near mistier, low-lying urban areas. "Former satellite antennas are ideal as solar energy systems," said CKW Group, the energy services provider that assisted Leuk Teleport and Data Center with the repurposing of its antenna. "Solar energy can make an important contribution to the power mix.

Persons: Denis Balibouse, Leuk, Miral Organizations: CKW, REUTERS, CKW Group, Axpo, Thomson Locations: Leuk, Switzerland, Valais, mistier, Swiss

☆ Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Officials from Singapore's financial regulator will review documents and interview personnel from Credit Suisse and other banks within weeks, Bloomberg reported, citing people familiar with the situation. The MAS and Credit Suisse did not immediately respond to a request for comment. Singapore police in August arrested 10 foreigners as the Asian financial hub investigates one of its biggest cases of suspected money laundering, with assets worth S$2.8 billion ($2 billion) seized. Reporting by Chandni Shah in Bengaluru; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Chandni Shah, Robert Birsel Organizations: Credit Suisse, UBS, REUTERS, Monetary Authority of Singapore, Bloomberg, MAS, Singapore, Thomson Locations: Zurich Switzerland, Bengaluru

☆ 2026 Milano-Cortina sliding events to be held outside Italy: organisers
▼ + stars: | 2023-10-16 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

The sliding centre hosts the bobsleigh, luge and skeleton competitions during the Games and Italy's plan to reconstruct a sliding centre where an old, defunct venue existed had hit obstacles from the very start of preparations. To not go ahead with a sliding centre and move the sliding competition to an already existing and working venue. "It's the Olympic Games, so there's a lot of implications. It's not just renting a sliding centre and go and take the competition. Hong Kong, which returned to China in 1997 but still has its own separate National Olympic Committee, hosted the equestrian events of the 2008 Beijing Olympics.

Persons: Giovanni Malago, Denis Balibouse, Malago, it's, Andrea Varnier, It's, Sudipto Ganguly, Karolos, Karolos Grohmann, Peter Rutherford Organizations: National Olympic Committee, Milano, Cortina, Games, REUTERS, Rights, International Olympic Committee, Olympic Games, Olympic Committee, IOC, Thomson Locations: Lausanne, Switzerland, Rights MUMBAI, Italy, Austria, Germany, France, Stockholm, Melbourne, Australia, Hong Kong, China, Beijing

☆ UBS pushes out S&P 500 mid-2024 target forecast to year-end
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 16 (Reuters) - UBS said it now expects the S&P 500 (.SPX) to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due to expectations of higher-for-longer U.S. interest rates. "The delay ... is primarily related to the recent rapid move higher in interest rates and ... expectations that interest rates will remain higher for longer," said David Lefkowitz, head of chief investment office, U.S. equities, UBS. The fear of higher-for-longer rates has pushed the S&P 500 down about 6% from this year's highs hit late in July. Reporting by Reshma Rockie George and Susan Mathew in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, David Lefkowitz, Lefkowitz, Reshma Rockie George, Susan Mathew, Savio D'Souza Organizations: Swiss, UBS, REUTERS, The Federal, Thomson Locations: Zurich, Switzerland, U.S, Bengaluru

☆ Honeywell sees steady demand for business jets over the next decade
▼ + stars: | 2023-10-16 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +2 min

A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 15 (Reuters) - Global demand for new business jets is expected to stay strong over the next decade, Honeywell (HON.O) said on Sunday, as the engine maker projected deliveries of about 8,500 new planes through 2033. Private aviation witnessed a surge in newcomers, both in users and buyers, after the COVID-19 pandemic lifted demand for private flying as the wealthy took control of their travel. The flight activity is anticipated to stabilize in 2024 and grow in 2025, according to Honeywell. New users in business aviation have also increased demand by 500 aircraft and 6% more flights over the next 10 years.

Persons: Denis Balibouse, Heath Patrick, Shivansh, Shilpi Majumdar Organizations: Honeywell, European Business Aviation Convention, REUTERS, Global Business Aviation, Private, Bombardier, General Dynamics, Gulfstream, Honeywell Aerospace, Thomson Locations: Geneva, Switzerland, Americas, Bengaluru

Sundar Pichai, Chief Executive Officer of Alphabet, gestures as he speaks during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse Acquire Licensing RightsBRUSSELS, Oct 13 (Reuters) - EU industry chief Thierry Breton on Friday warned Alphabet (GOOGL.O) Chief Executive Officer Sundar Pichai to adhere to EU tech rules after the spread of disinformation on YouTube following Hamas' attacks in Israel, the latest company to be rebuked. False content about the Israel and Hamas conflict has proliferated on the major social media platforms over the past several days. According to Alphabet's YouTube, the company has quickly worked to remove harmful content after Hamas' attack and was prepared to take additional action. It has also rolled out a crisis resource panel in search with information from Israeli authorities for viewers in Israel.

Persons: Sundar Pichai, Denis Balibouse, Thierry Breton, Breton, Pichai, Elon Musk, Mark Zuckerberg, Shou Zi Chew, Foo Yun Chee, Sudip Kar, Gupta, Sheila Dang, Louise Heavens, Diane Craft Organizations: Economic, REUTERS, Rights, YouTube, Twitter, Digital Services, Google, DSA, Thomson Locations: Davos, Switzerland, Rights BRUSSELS, Israel, Dallas

☆ Ambitious research yields new atlas of human brain cells
▼ + stars: | 2023-10-12 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

The human brain is complex in terms of its utility - sensing, moving, reading, writing, speaking, thinking and more - and its cellular diversity. The research identified 3,313 cell types, roughly 10 times more than previously known, and the complete set of genes used by each cell type while also mapping their regional distribution in the brain. "The brain cell atlas as a whole provides the cellular substrate for everything that we can do as human beings," said neuroscientist Ed Lein of the Seattle-based Allen Institute for Brain Science, one of the researchers. The various cell types have distinct properties and are likely affected differently in disease, Lein said. "We are only at the very beginning of delineating the complexity of the human brain," said another of the researchers, Bing Ren, director of the University of California, San Diego Center for Epigenomics.

Persons: Denis Balibouse, Ed Lein, Lein, Trygve Bakken, Bing Ren, Will Dunham, Rosalba O'Brien Organizations: Belle Idee University, REUTERS, Rights, U.S, government's National Institutes of Health, Census Network, Allen Institute for Brain Science, Allen, University of California, San Diego Center for Epigenomics, Thomson Locations: Neuropsychiatry, Chene, Bourg, Geneva, Seattle

☆ Blood tests needed for widespread Alzheimer's diagnosis on the way
▼ + stars: | 2023-10-11 | by ( Deena Beasley | ) www.reuters.com time to read: +6 min

Several Alzheimer's blood tests are in the works – and one is already being sold to consumers – but none have been established as accurate, formally approved by regulators or reimbursed by insurers. Researchers have been working for years on blood tests for Alzheimer's that can replicate these diagnostic tools. The need for blood tests has become more pressing since the FDA approved Leqembi in July. Accurate blood tests are expected to help identify which dementia patients actually have Alzheimer’s, the most common but not the only cause of dementia. "When there are widely available, scalable, sensitive and specific blood tests it will be an absolute game changer for Alzheimer's patients."

Persons: Denis Balibouse, Eli Lilly, Dr, Sarah Kremen, Eliezer Masliah, Eisai, Michael Irizarry, Roche, Bruce Jordan, Russ Paulsen, Deena Beasley, Caroline Humer, Bill Berkrot Organizations: Memory Centre, of Readaptation, University Hospital, REUTERS, FDA, Sinai Medical Center, Wednesday, Quest Diagnostics, National Institute, Aging, U.S . National Institutes of Health, C2N Diagnostics, Roche Diagnostics, Alzheimer's Association, RAND, Thomson Locations: Geneva, Switzerland, Leqembi, Eisai, Los Angeles, U.S

☆ UBS halts Middle East travel for staff
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: 1 min

A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsZURICH, Oct 11 (Reuters) - UBS (UBSG.S) has told its employees to stop business travel within the Middle East, in light of a deepening conflict between Israel and Hamas, a source told Reuters on Wednesday. "Out of an abundance of caution, we are postponing all business travel and events in the Middle East for the foreseeable future as we seek to ensure the safety and security of our clients and employees," a person familiar with the matter said. UBS has also postponed a wealth management event, scheduled to take place in Qatar later this month, as first reported by Bloomberg. Reporting by Noele Illien and Oliver Hirt; Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Noele Illien, Oliver Hirt, Louise Heavens Organizations: Swiss, UBS, REUTERS, Rights, Hamas, Reuters, Bloomberg, Thomson Locations: Zurich, Switzerland, Israel, Qatar

☆ Global watchdog reveals tensions at heart of Credit Suisse debacle
▼ + stars: | 2023-10-10 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The report, however, exposed tensions and conflicts at the heart of a process that ultimately required Switzerland to initially back the emergency rescue of Credit Suisse by rival UBS (UBSG.S) with public money to avert panic. The officials summed up that the "resolution" rules for shutting a collapsing bank without panicking markets could have worked for Credit Suisse, though public money would still likely have been needed. The FSB report sheds new light on events that led to Credit Suisse's downfall. The FSB said Switzerland's action preserved financial stability, even if it raised questions as to why the resolution was not chosen.

Persons: Denis Balibouse, Karin Keller, Sutter, Switzerland's Keller, FINMA, Andrew Bailey, Arturo Bris, Mayra Rodriguez Valladares, Arthur Wilmarth, it’s, Tatiana Bautzer, Elisa Martinuzzi, Stefania Spezzati, Pete Schroeder, Mark Potter, Nick Zieminski Organizations: Credit Suisse, UBS, REUTERS, UBS Group, Swiss, U.S, Bank of England, IMD, Bank, MRV Associates, Banco, George Washington University Law School, Thomson Locations: Zurich Switzerland, Switzerland, Swiss, U.S

☆ UEFA axes plan to lift Under-17 ban on Russia teams
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

"The agenda point was withdrawn as no technical solution to allow Russian teams to play could be found," UEFA said of the plan, which was fiercely opposed by Ukraine and other soccer federations. In the wake of Russia's invasion of Ukraine in February 2022, which Moscow calls a 'special military operation', UEFA decided that all Russian teams - national or club sides - would be suspended from participation in its competitions. There was no immediate reaction from Russia. The Russian Football Union did not immediately respond to request for comment. Reporting by Gabrielle Tétrault-Farber; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Gabrielle Tétrault, Farber, Ken Ferris Organizations: Soccer Football, UEFA, Russia's, Russian Football Union, Thomson Locations: Nyon, Switzerland, NYON, Ukraine, Moscow, Russia

☆ Honeywell to realign business segments to boost growth
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 10 (Reuters) - Honeywell International (HON.O) is restructuring its business operations to three segments down from four to boost sales growth and reallocate capital, the industrial conglomerate said on Tuesday. "This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook," Chief Executive Officer Vimal Kapur said. Honeywell said its results for the third quarter would be in line with previously issued guidance ranges on its aviation business performance. Honeywell said its new segmentation would take effect from the first quarter of 2024.

Persons: Denis Balibouse, Vimal Kapur, Pratyush Thakur, Pooja Desai Organizations: Honeywell, European Business Aviation Convention, REUTERS, Thomson Locations: Geneva, Switzerland, Charlotte, North Carolina, Bengaluru

A senior Russian official accused the United States of deploying unmatched efforts to ensure Russia remained out of the Human Rights Council. The empty seat for the representative of Russia is pictured during the Human Rights Council special session on the human rights situation in Ukraine, at the United Nations in Geneva, Switzerland, May 12, 2022. China and Cuba were also among the winners of Tuesday's vote, drawing objections from human rights defenders. "Crimes against humanity and genocide apparently (are) not disqualifying actions for UN's top human rights body," the Uyghur Human Rights Project, which advocates against what rights campaigners say are China's grave human rights abuses against the mainly Muslim ethnic minority, wrote on messaging platform X.Juan Pappier, deputy director for the Americas at Human Rights Watch, wrote on X in the run-up to the vote that Cuba was unfit to be a member of the Council. "Its record of systematic human rights violations speaks for itself," he wrote.

Persons: doesn't, Louis Charbonneau, Vladimir Putin, Maria Lvova, Denis Balibouse, Maria Zabolotskaya, Richard Gowan, Juan Pappier, Emma Farge, Gabrielle Tétrault, Farber, Deepa Babington Organizations: Russia, GENEVA, United Nations, General Assembly, Rights Council, UN, United, Human Rights Watch, Children's, Kremlin, Human Rights, Human, REUTERS, Representative, Crisis, Thomson Locations: Bulgaria, Albania, Russia, Ukraine, Cuba, China, Moscow, Europe, Geneva, United Nations, U.S, Russian, United States, Switzerland, Russia's

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