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☆ Sports court rejects IBA appeal, IOC condemns leadership language
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

LAUSANNE, Switzerland, June 20 (Reuters) - The International Boxing Association (IBA) has failed to reverse the stripping of its recognition by the International Olympic Committee (IOC), with the Court of Arbitration for Sport (CAS) on Tuesday rejecting its urgent appeal. On Tuesday the IOC Executive Board also objected to comments made by the IBA leadership at a regional meeting in Brazil. "The President of the Appeals Arbitration Division of the Court of Arbitration for Sport (CAS) has today dismissed the IBA’s urgent request," CAS said. On Tuesday the IOC Executive Board said it objected to language used by IBA President Umar Kremlev at an American Boxing Confederation meeting in Brasilia. "The Executive Board of the IOC condemns the violent and threatening language used by the President of the IBA, Umar Kremlev, against a number of individuals from the IOC," it said in a statement.

Persons: Umar Kremlev, Karolos Grohmann, Ken Ferris Organizations: Boxing Association, International Olympic Committee, Sport, IOC, IBA, American Boxing Confederation, Continental, Reuters, Thomson Locations: LAUSANNE, Switzerland, Brazil, Brasilia

☆ Artist paints giant plastic bottle in Swiss park in litter protest
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

[1/5] Swiss- French artist SAYPE poses next to his land art painting representing a pet bottle left on the grass as littering in the Parc Bourget in Lausanne, Switzerland, June 16, 2023. REUTERS/Denis BalibouseLAUSANNE, Switzerland, June 16 (Reuters) - A Swiss-French artist has painted a giant fresco depicting a crumpled plastic bottle directly onto the grass of a Swiss park with a view to raising awareness about pollution. Saype, 34, used chalk and charcoal for the huge painting which is about the length and width of three tennis courts in Lausanne's Louis-Bourget park on the shores of Lake Geneva. The painting, which is cordoned off, is expected to last for two or three weeks. Reporting by Denis Balibouse; Writing by Emma Farge, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: SAYPE, Denis Balibouse, Emma Farge, William Maclean Organizations: REUTERS, Thomson Locations: Swiss, Parc Bourget, Lausanne, Switzerland, Lausanne's Louis, Bourget, Lake Geneva

☆ Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD and more
▼ + stars: | 2023-06-14 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.

Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America

THE SWISS BANKPossibly the first hurdle is a politically fraught decision on Credit Suisse's "crown jewel", its domestic business. But UBS will have to weigh that against public pressure to keep the Credit Suisse business separate with its own brand, identity and, critically, workforce. However, insiders talk of rivals aggressively wooing Credit Suisse clients and employees. Clients who would typically bank both with UBS and Credit Suisse to spread their risk, might now take some of that business elsewhere. One potential risk stems from legal challenges to the decision by Swiss authorities to write off special AT1 bonds issued by Credit Suisse.

Persons: Sergio Ermotti, Ermotti, Colm Kelleher, Alan Mudie, Arturo Bris, Kelleher, Lars Schweizer, John Revill, Oliver Hirt, Noele Illien, Tomasz Janowski, Elisa Martinuzzi, Alexander Smith Organizations: Credit Suisse, UBS, Suisse, Woodman Asset Management, Finance, International Institute for Management Development, Reuters Graphics, Credit, Frankfurt University, Barclays, Thomson Locations: ZURICH, Switzerland, Swiss, Lausanne

☆ A paralyzed man can walk again using a groundbreaking mind-reading brain implant
▼ + stars: | 2023-05-24 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +4 min

A paralyzed man has regained the ability to walk using spinal cord stimulation he controls with his mind. He emerged alive, but unable to use his legs due to a spinal cord injury. "He's able to pause, he's able to traverse more complex terrain, he's able to climb stairs." Two have spinal cord injuries, and two will be hoping to "move their hands and arms again," he said. Other BCI companies, including Elon Musk's Neuralink, have really only used BCI technology to control things, like keyboards, or computer mice.

☆ How Nestlé is futureproofing its coffee business from bean to cup
▼ + stars: | 2023-04-21 | 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 EmailHow Nestlé is futureproofing its coffee business from bean to cupCNBC's Julianna Tatelbaum visits Nestlé's Institute of Agricultural Sciences in Lausanne, Switzerland, to see how the global food and drinks giant is futureproofing its coffee product portfolio.

☆ Nestlé R&D lead on the products and packaging of the future
▼ + stars: | 2023-04-21 | 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 EmailNestlé R&D lead on the products and packaging of the futureCNBC's Julianna Tatelbaum gets special rare access to Nestlé's research and development center in Lausanne, Switzerland, where scientists are working to increase sustainability across the entire portfolio.

☆ What do vegan egg and shrimp alternatives taste like?
▼ + stars: | 2023-04-21 | 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 EmailWhat do vegan egg and shrimp alternatives taste like? With the plant-based food market value estimated to triple by 2030, global food giant Nestlé is investing heavily into the research and development of vegan products. CNBC's Julianna Tatelbaum was given a rare tour of company's R&D center in Lausanne, Switzerland, where she sampled surprisingly plant-based versions of some everyday favorites.

☆ IOC issues recommendations for Russian athletes' return to competitions
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +5 min

The IOC Executive Board's recommendations concern the return of those athletes to international competitions but not the 2024 Paris Olympics where a separate decision will be taken at a later date. He said the recommendations for events organisers and sports federations to follow included that Russian and Belarusian athletes can only compete as neutrals, with no flag or anthem. "I am disappointed by the IOC recommendations," Lipavsky wrote on Twitter. "The parameters as announced are absolutely unacceptable," Russian Olympic Committee president Pozdnyakov told a news conference, according to Russian news agencies. PARTICIPATION WORKSBach had earlier told the IOC Executive Board that Russian and Belarusian athletes were already competing daily in many sports without facing problems.

☆ Analysis: Credit Suisse collapse threatens Switzerland's wealth management crown
▼ + stars: | 2023-03-22 | by ( John Revill | ) www.reuters.com time to read: +6 min

[1/3] Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. Switzerland's credibility as a stable, predictable country had been upended by moves like the decision to wipe out the holdings of Credit Suisse bondholders, he said. Under the takeover deal, holders of Credit Suisse AT1 bonds will get nothing, while shareholders, who usually rank below bondholders in compensation terms, will receive $3.23 billion. "In that sense I also see a prosperous future for the financial centre because we have hundreds of very well capitalised banks and very successful wealth management and asset management banks." Reuters Graphics Reuters GraphicsReuters GraphicsOthers were more skeptical about the future, highlighting a reluctance to confront mistakes at Credit Suisse or take responsibility for the aftermath.

☆ Exclusive: Gunvor to expand in United States after strong profits - CEO
▼ + stars: | 2023-03-22 | by ( Julia Payne | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File PhotoSummarySummary Companies Gunvor on hiring kick, to expand in U.S. power, oil and LNGCEO says Europe only covered half of missing Russian gasCEO has been in dialogue with ADNOCLAUSANNE, Switzerland, March 21 (Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters. Gunvor, traditionally focused on oil and gas, metals and bulk commodities, has in recent years also begun trading power in Europe. Tornqvist said the firm's traded oil and LNG volumes are more than 3 million barrels per day of oil equivalent. "We are looking at whether to take a provision on our books for 2022," Tornqvist said. As co-founder of Gunvor, Tornqvist remains the majority owner of the company but his stake slipped to 85.7% at the end of 2022, down from 88.4% year-on-year.

☆ Goldman Sachs expects commodities supercycle
▼ + stars: | 2023-03-21 | by ( Julia Payne | ) www.reuters.com time to read: +1 min

LAUSANNE, Switzerland, March 21 (Reuters) - Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S. bank's head of commodities said. "As losses mounted, it spilled into commodities," Jeff Currie, global head of commodities for Goldman Sachs, told the Financial Times Commodities Global Summit on Tuesday. Currie emphasised the hit was to the supply side rather than demand and he remains very bullish on copper. We have peak supply occuring in 2024...Near term we put (the copper price) at $10,500 and longer term our price target is $15,000 a tonne." Copper hit a record high $10,845 in March 2022.

☆ Citadel sees limited impact on energy demand from banking crisis
▼ + stars: | 2023-03-20 | by ( Julia Payne | ) www.reuters.com time to read: +2 min

LAUSANNE, Switzerland, March 20 (Reuters) - U.S. hedge fund Citadel expects a tighter credit environment following the latest banking crisis but so far the economic decline is not enough to plunge commodities into the abyss, its head of commodities told Reuters. The hedge fund giant, which was based in Chicago but recently moved to Miami, manages roughly $60 billion in assets. We need to have a 5-6% global GDP cut to have a major impact on commodities," he said. Citadel, run by billionaire Ken Griffin, ended 2022 with a $16 billion gain last year, the biggest profit ever earned by a hedge fund. "The macro backdrop remains an unanswered question as OPEC assesses impact on demand.

☆ 'Not so rosy': Russian athletes face prospect of Olympics ban
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] Olympic Rings are pictured in front of The Olympic House, headquarters of the International Olympic Committee (IOC) at the opening of the executive board meeting of the International Olympic Committee (IOC), in Lausanne, Switzerland September 8, 2022. Since the International Olympic Committee (IOC) opened the door for Russian and Belarusian athletes to compete as neutrals at the 2024 Paris Games, calls to have them excluded have snowballed. At an indoor track in northeastern Moscow on Friday, hurdler Sergey Shubenkov said he was avoiding reading the news about Russia's Olympic prospects. The measure was taken as part of wider sanctions against the Russian athletics federation, which has been suspended since 2015 over doping offences. "I think those who don't support (Russia's special military operation in Ukraine) have already left.

☆ IOC rejects 'defamatory' criticism from Ukraine
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

"The IOC rejects in the strongest possible terms this and other defamatory statements," the IOC told Reuters in a statement. This is whom the ignorant IOC wants to put under white flag allowing to compete," Kuleba wrote on Twitter. The IOC added then, however, that each sport federation was the "sole authority for its international competitions". Ukrainian President Volodymyr Zelenskiy said on Friday that Ukraine would launch an international campaign to prevent Russian athletes from being allowed to compete at the Games. The Russian foreign ministry has said any attempt to squeeze Moscow out of international sport because of what it calls its special military operation in Ukraine is "doomed to fail".

☆ The world's in a 'polycrisis' — and these countries want to quash it by looking beyond GDP
▼ + stars: | 2022-12-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +11 min

Mostly led by women, Finland, Iceland, Scotland, Wales and New Zealand are all members of the Wellbeing Economy Governments partnership. "Which I think is why we're seeing such growing interest in the well-being economy approach, both here in Scotland and around the world." A post-growth society is one that resists the demand for constant economic growth. Mostly led by women, Finland, Iceland, Scotland, Wales and New Zealand are all members of the Wellbeing Economy Governments partnership. 'GDP is not a way to measure richness'The push to look beyond economic growth comes at a time of growing calls to end fossil fuel production worldwide.

☆ Olympics President Signals He Wants Russian Athletes at Paris 2024
▼ + stars: | 2022-12-07 | by ( Louise Radnofsky | Rachel Bachman | ) www.wsj.com time to read: 1 min

IOC president Thomas Bach attends the opening of the Executive Board meeting at the Olympic House in Lausanne, Switzerland. International Olympic Committee president Thomas Bach said he wants Russian and Belarusian athletes to participate in the 2024 Paris Olympics despite Russia’s invasion of Ukraine, his strongest remarks to date on the debate that has divided international sport. “Participation must happen on sporting merits,” Bach said in a Wednesday news conference.

An experimental treatment for advanced melanoma is poised to be the next major advance in cancer treatment, experts say. Those who got TIL therapy had a 50% reduction in disease progression and death, compared to those who were treated with ipilimumab, the study found. Bruce Hawley and his wife, Laurie, celebrated their third wedding anniversary in 2021 in Vancouver, several years after his TIL therapy. "The chemotherapy knocks down the immune cells to make space for the TIL cells going in," Hwu said. The hope is that TIL therapy will also be used for other solid cancers, not just melanoma, Rosenberg said.

☆ Now is not the time to lift Russia, Belarus sanctions-IOC
▼ + stars: | 2022-12-05 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

LAUSANNE, Switzerland, Dec 5 (Reuters) - The International Olympic Committee (IOC) has no immediate plans to lift sanctions on Russia and Belarus even though the qualifying process for the Paris 2024 Summer Olympics goes into full swing next year, the Olympic body said on Monday. The IOC issued guidance to sports governing bodies in February to remove from competition athletes from Russia and Belarus, which Moscow used as a key staging area for the Feb. 24 invasion of Ukraine that Russia calls a 'special operation'. While events that count towards qualification in some sports for the Paris Olympics have already been held, most sports will stage their continental or global qualification events in the coming 18 months. I would not want to comment on the state of qualification of athletes for Paris." While the IOC's position could change in the future, some federations have been clear that the only way to reinstate Russia and Belarus in their sport would be the removal of Russian troops from Ukraine.

☆ Swiss National Bank chairman flags high probability of rate rise
▼ + stars: | 2022-11-14 | by ( Paul Carrel | ) www.reuters.com time to read: +2 min

SummarySummary Companies Jordan sees high probability SNB will tighten furtherPoints to December meeting'Cannot be excluded' SNB will hike rates in DecemberLAUSANNE, Switzerland, Nov 14 (Reuters) - Swiss National Bank Chairman Thomas Jordan issued another rate rise warning on Monday, saying it was likely the central bank will need to act again as inflation is set to remain elevated. The SNB appears to be preparing for further interest rate hikes after already raising rates twice this year to 0.5%. Although Swiss inflation eased to 3.0% in October, from 3.3% in September, it remains high by Swiss standards. "There is a high probability that the SNB will have to tighten its monetary policy further," Jordan told business leaders in Lausanne, before reiterating his point for emphasis. "The next meeting will be in December and there is a high probability that it will be necessary to tighten monetary policy again to make sure that inflation can be fought sufficiently."

☆ Pernod Ricard confident over FY as Q1 sales beat expectations
▼ + stars: | 2022-10-20 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse/File PhotoPARIS, Oct 20 (Reuters) - French spirits maker Pernod Ricard (PERP.PA) said on Thursday it was confident sales growth would remain dynamic through its 2023 fiscal year after it delivered a forecast-beating 11% sales growth in the first quarter helped by price increases in the United States, its top market. Pernod, the world's second-biggest spirits group behind Diageo (DGE.L), said the strong start to the year also reflected strong demand in China and in India and a continued rebound in global travel retail. "I am hugely encouraged by our start to the year," Chairman and CEO Alexandre Ricard said in a statement. In China alone, sales rose 9% in the first quarter thanks strong mid-Autumn festival sales. The Martell cognac brand recorded double-digit sales growth during the quarter in China despite COVID restrictions.

☆ Factbox: Iran's minority Kurds in focus after woman's death in custody
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +4 min

The demonstrations began in reaction to the death of 22-year-old Mahsa Amini and then spread to every one of Iran's 31 provinces. Register now for FREE unlimited access to Reuters.com RegisterThe death of the ethnic Kurd raised tensions between the establishment and Iran's Kurdish minority, which human rights groups say have been long oppressed by Iran's leadership. Here are some facts about Iran's Kurds, part of a community that is spread across several Middle East countries and one of the world's largest people without a state. Iran's 1979 Islamic Revolution touched off bloodshed in its Kurdistan region with heavy clashes between the Shi'ite revolutionaries and the Kurdish Party of Iranian Kurdistan (KDPI) which fought for independence. Rights groups say Kurds, who form about 10 percent of the population, along with other religious and ethnic minorities face discrimination under Iran's Shi'ite clerical establishment.

☆ IBA extraordinary congress votes against holding new election
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis BalibouseSept 25 (Reuters) - Russian Umar Kremlev will remain president of the International Boxing Association (IBA) after delegates at its extraordinary congress in Armenia on Sunday rejected the proposal to stage a new election. Dutch candidate Boris van der Vorst's hopes of challenging Kremlev for the presidency ended after 106 delegates voted against holding a new election, with 36 voting in favour and four abstaining. Kremlev was elected unopposed in May after Van der Vorst was declared ineligible. The Court of Arbitration for Sport (CAS) ruled in June that Van der Vorst was wrongly prevented from standing. Register now for FREE unlimited access to Reuters.com RegisterReporting by Hritika Sharma in Bengaluru, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

With interest rates back then already close to zero, they had run out of conventional ammunition to ward off the threat of outright deflation they feared would choke off the economic recovery. As one Danish bank vaunted the world's first negative rate mortgage, it is likely that cheap borrowing added steam to house price spikes across the region. "It's the central bankers who have taken interest rates to a level where we attach no value to the future," he said. As the negative rate era closes, the global pool of assets with negative yield has shrunk to less than $2 trillion from a 2020 peak of some $18 trillion. "I am very doubtful anyone here is ready to say never again for negative rates."

Top 55 cele mai bune școli de turism din lume în anul 2021. Pe locul doi se află School of Hotel Administration at Cornell University din New York și William F. Harrah College of Hospitality at the University of Nevada din Las Vegas. Ecole hôtelière de Lausanne din Elveția câștigă prestigiosul titlu de cea mai bună școală turism din lume în 2021, conform revistei. Vezi și:Top 100 cele mai bune școli de fashion din lume. Cea mai apropiată instituție de noi se află la KievTop 100 cele mai bune școli de business din lume în anul 2021.

Persons: William F . Organizations: Cornell University Locations: Elveția, New York, William F . Harrah, Nevada, Las Vegas, Lausanne, Kiev

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