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A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. It was the first major Western central bank to reduce interest rates back in March. Domestically, Swiss inflation remains subdued, with the latest headline print pointing to a 1.1% annual increase in August. Further cuts in the SNB policy rate may become necessary in the coming quarters to ensure price stability over the medium term," it added. He added that the central bank may nevertheless have to reduce rates again to retain inflation in the 0-2% target range.
Persons: exacerbation, Swissmem, SNB, Kyle Chapman, Chapman, Thomas Jordan, Jordan, Adrian Prettejohn, Prettejohn Organizations: Swiss National Bank, European Central Bank, U.S . Federal Reserve, Swiss, U.S ., ING, Ballinger Group, Reuters, Capital Economics Locations: Zurich, Switzerland, Swiss, Europe
ET, the yield on the 10-year Treasury was down by less than one basis point to 3.7791%. The 2-year Treasury yield was last at 3.5653% after rising by over one basis point. U.S. Treasury yields were little changed on Thursday as investors looked to fresh economic data and remarks from Federal Reserve officials. Economists polled by Dow Jones are expecting weekly initial jobless claims to come in at 223,000 for the most recent period. Elsewhere, the Swiss National Bank on Thursday cut its key interest rate by a quarter point, marking the third reduction this year.
Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Swiss National Bank Locations: U.S
The death of an American woman in an assisted suicide capsule has led to criminal proceedings being launched against several people in Switzerland. A spokesperson for the U.S. Embassy in Bern said, “We are aware of reports of the death of a U.S. citizen in Switzerland. The device is the brainchild of Philip Nitschke, an Australian physician famous for his work on assisted suicide since the 1990s. While euthanasia remains illegal, assisted suicide, as long as done without a selfish motive, is allowed under Swiss law which has led to the opening of several assisted suicide clinics in the country. In 2022, French-Swiss filmmaker Jean-Luc Godard died at his home in Switzerland after an assisted suicide.
Persons: , Carl Sagan, Philip Nitschke, Nitschke, Jean, Luc Godard Organizations: Midwest, Schaffhausen Police, Police, NBC News, U.S, Embassy, Prevention Locations: American, Switzerland, Canton, Schaffhausen, Bern, French, Swiss
The measures were significant because Beijing has been holding back on a "bazooka" stimulus even though China's economy has been struggling to stage a convincing recovery post-pandemic. To be sure, this is not the first attempt China has made at boosting its economy in the past few years. However, Beijing's display of resolve also triggered market speculation that it's alarmed and panicked over the state of its economy, which is facing multiple challenges. Related storiesNotably, even on the heels of China's big stimulus announcement, most analysts also think Beijing still needs to do more to boost China's economy, particularly in boosting gloomy domestic demand. "Onshore stocks are a policy- and momentum-driven market, and policy signals don't get much clearer than this," they wrote.
Persons: , Pan Gongsheng, Andrew Rocco, Rocco didn't, Pan, Freya Beamish, Rory Green, Anthony Sassine, Sassine, Rocco, macroeconomy, China's CSI300 Organizations: Service, People's Bank of China, Business, Lombard, Investors, Zacks Investment Research, Global Data.TS, Yahoo Finance, Data.TS Locations: China, Beijing, Swiss, London
China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. But a strong yuan could hurt exports, a key pillar of China's economy, amid weak domestic demand. AdvertisementChina's massive stimulus package for its battered economy has boosted market sentiment and injected confidence into the Chinese yuan. This means $1 could buy fewer Chinese yuan. A strong yuan is bad for exportsEven though a strong yuan signals confidence in China's economy, analysts aren't sure the gains will hold.
Persons: , Pan Gongsheng, Vishnu, Varathan, Larry Hu, Hu, aren't, Pan, Macquarie's Hu Organizations: People's Bank of China, Service, US Federal Reserve, Macquarie Group, Lombard, Bloomberg Locations: Asia, Japan, China, Beijing, Swiss, China's
We folded seamlessly into our interconnected Swiss communityMy family didn't feel unwelcome or different in our new community. Amy ChallengerBecause of my husband's job, we quickly obtained resident permits to live in Switzerland and acquired health insurance. It eases our days and helps us stay connected to the beautiful nature around us. As the US continues to deal with extreme political divides, we're staying abroadWe are much more connected to nature in Switzerland. Earlier this year — almost eight years after moving to Switzerland — I returned to the US to stay in Manhattan with my youngest daughter.
Persons: , Amy Challenger, we're, Switzerland — Organizations: Service, Sandy Hook Elementary, Business, South, Trump Locations: Switzerland, Lake Zurich, Africa, Asia, Europe, South America, Connecticut, Manhattan, Central Park
For the eleventh consecutive year, Switzerland topped the list as the world's most talent-competitive country, according to the IMD 2024 World Talent Ranking, signaling its strong and stable talent pool despite the rapidly changing global work landscape. The ranking measures how economies around the world perform when it comes to sustaining their pool of talent. This data is broken down into three buckets: investment in and development of homegrown talent, appeal (the extent to which a country taps into the overseas talent pool) and readiness (the availability of skills and competencies in the talent pool), according to the report. Switzerland remains at the forefront of talent competitiveness, topping the list since the ranking's inception in 2014. Singapore's steady rise is driven by the readiness of its talent pool, rated as No.
Organizations: IMD, Competitiveness, Switzerland Singapore Locations: Switzerland, Switzerland Singapore Luxembourg Sweden Denmark Iceland Norway Netherlands Hong Kong Austria, Asia, Singapore, Hong Kong, United States, U.S
Zurich, Switzerland Reuters —Swiss police have arrested several people after a controversial futuristic-looking capsule designed to allow its occupant to commit suicide was used for the first time, authorities said on Tuesday. Police in the northern canton of Schaffhausen bordering Germany said the so-called “Sarco” capsule had been deployed in a wood in the municipality of Merishausen on Monday. Willet was the only other person present when the woman ended her life, the spokesperson said. In a statement issued by The Last Resort, Willet had described the death as “peaceful, fast and dignified.”The Last Resort spokesperson said the woman had passed psychiatric evaluations prior to ending her life. It is the brainchild of Philip Nitschke, an Australian physician famous for his work on assisted suicide since the 1990s.
Persons: , Florian Willet, Willet, Philip Nitschke, Elisabeth Baume, Schneider Organizations: Switzerland Reuters — Swiss, . Police, Prosecutors Locations: Zurich, Switzerland, Schaffhausen, Germany, Merishausen, Dutch, Swiss
The three people who lost their lives in Alaska are just a few of those who have died on trips to see the world’s fast-disappearing glaciers. But there’s also another motivation increasingly present — the desire to see the glaciers before they disappear. In Alaska, Sheldon used to be able to find a good area for ice climbing for the whole summer. Many are convinced danger is manageable, he told CNN, but “if you’re honest about it, that might often be a rather naive understanding.”As well the safety issues glaciers pose tourists, tourists are also a huge risk to the glaciers themselves. As the glaciers shift, so too will glacier tourism, something that’s starkly clear to Sheldon.
Persons: Zach Sheldon, Sheldon, Byron, Colin D ., there’s, It’s, Jackie Dawson, , Hrafn Sigurjonsson, Sven, Erik Arndt, Arterra, Dawson, Matthias Huss, Huss, , Passo Sella, Emmanuele, Stefan Gössling, ” Gössling, what’s Organizations: CNN, Alaska Guide Company, Austrian, University of Ottawa, Association of, Association of Iceland Mountain Guides, Companies, Worthington, ETH Zürich, Linnaeus University Locations: Alaska, Valdez Lake, Portage, Chugach, Forest , Alaska, Association of Iceland, American, Iceland, An American, Valdez, Italy, Swiss, Passo, Val Gardena, Sweden, New York, Anchorage
Hussein Malla / AP“We have examples where supply chains were compromised in very elaborate, long lasting, super sophisticated ways for espionage. This may be the first supply chain attack that actually really deserves to be called a supply chain attack,” said Thomas Rid, a Johns Hopkins University professor who studies the history of intelligence operations. “Supply chain compromises are tried and true in intelligence work,” said Harding, who is the director of the Intelligence, National Security, and Technology Program at the Center for Strategic and International Studies. “I literally cannot think of a single example that is unclassified.”But she said the combined scope, planning and violence behind the pager and walkie-talkie operation made it a unique incident in the history of supply chain compromises. While the attack in Lebanon broke with spy agencies’ tradition by using a supply chain for an attack rather than for espionage, it could benefit Israel’s military objectives and have larger political implications.
Persons: It’s, Hussein Malla, , Thomas, Israel, Icom, pagers, Emily Harding, Harding, , Edward Snowden, There’s, Fidel Castro, Yahya Ayyash, it’s Organizations: NBC News, Johns Hopkins University, Lebanon’s Telecommunications Ministry, New York Times, CIA, U.S . National Security Council, Intelligence, National Security, Technology, Center for Strategic, International Studies, Crypto, Washington Post, ZDF, National Security Agency, NSA, FBI, Australian Federal Police Locations: Israel, Beirut, Swiss, Cuban, Lebanon
CNN —The first week of the new-look Champions League came to an end on Thursday, with Barcelona and Arsenal both in action. An early red card for Eric García for a professional last man foul on Takumi Minamino gave the 2004 Champions League finalist a huge boost, and the French side took full advantage. It was the 17-year-old’s debut Champions League goal after his eye-catching brace against Girona at the weekend. That’s very important.”Florian Wirtz shines on Champions League debutIt took Florian Wirtz just five minutes of Champions League football to grab his first goal in the competition. Even if not, all eyes will surely be on the next matchday when the Champions League returns on October 1, highlighted by Arsenal vs Paris Saint-Germain.
Persons: Hansi Flick, Eric García, Takumi Minamino, ” Flick, Maghnes Akliouche, Marc, André ter Stegen, Lamine Yamal, George Ilenikhena, ter Stegen, Kylian Mbappé, , , Flick, ” David Raya, David Raya, Emmanuele, Atalanta, Thomas Partey’s, Raya, Mateo Retegui’s, I’ve, David, Mikel Arteta, Iñaki, ” Florian Wirtz, Florian Wirtz, Xabi, Álex Grimaldo, Wirtz, Jeremie Frimpong, Timon Wellenreuther, Wellenreuther’s, John Thys, ” Wirtz, Harry Kane, Michael Olise, Jamie Gittens, Germain, Manchester, Jack Grealish, Shaun Botterill, Sturm Organizations: CNN, League, Arsenal, Monaco, Barcelona, La Liga, AS Monaco, Girona, Villarreal, Liverpool’s, AC Milan, Manchester, Inter, Champions League, Atalanta, Tottenham Hotspur, Gunners, Stadio, Bergamo, Bayer Leverkusen, Feyenoord, Getty, Swiss Model, Manchester City, Inter Milan, Rodri, Bayern Munich’s, Dinamo Zagreb, Slovan Bratislava, Sturm Graz, Paris Saint, Crvena Zvezda, Star, Benfica Feyenoord, Bayer Leverkusen Stade Brestois, Sturm Graz Atalanta, Arsenal Atlético Madrid, Leipzig AS Monaco Locations: Barcelona, AFP, Swiss
Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. They're more self-sufficient, too: For every 10 minutes that a Verity drone is in flight, it charges for 20 minutes. Ikea's investments in Verity's drone technology fit into its broader strategy to explore and test newer supply-chain technologies. Jönsson added that deploying drones has allowed employees to have more time for analyzing inventory data. Before using warehouse drones, workers would check thousands of pallets repeatedly in order to manage inventory.
Persons: Verity, , Raffaello D'Andrea, — there's, Uber, Jeff Bezos, Bezos, Domino's, there's, DroneUp, D'Andrea, Verity hasn't, it's, Moller, Erik Jönsson, they're, haven't, Jönsson Organizations: Ikea, Chain Management, Service, Amazon, Walmart, Companies, McKinsey & Company, McKinsey, Ikea's, Ingka, Maersk, Samsung Group, Ingka Investments, Nvidia, Federal Aviation Administration, Investors, Kiva Systems, Amazon Robotics, Qualcomm Ventures, A.P, Moller Holding, Exor Ventures Locations: Switzerland, Swiss, Dutch, , Zealand, Arizona , Florida, Utah, Dallas
Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.
Persons: , Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife
Covid-19 is still with us: Swiss Re
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: 1 min
Swiss Re Life and Health CEO Paul Murray says Covid-19 is still having an impact, as the reinsurer says excess mortality rates could remain as high as 3% in the U.S. and 2.5% in the U.K. by 2033.
Persons: Paul Murray, Covid Locations: U.S
However, investment bank Jefferies is drawing attention to two lesser-known chip stocks that it believes could rise by more than 100%: Aixtron and Ams OSRAM . Looking ahead, analysts at Jefferies pointed to the ongoing recovery in the semiconductor industry, with global chip sales growth accelerating to 18.7% year-over-year in July. Jefferies expects shares of Aixtron to rise by 115% to 35 euros ($38.80) a share over the next 12 months. The stock is also traded in the U.S. AIXXF 1Y line Ams OSRAM Ams OSRAM , an Austrian-German semiconductor company, recently completed the issuance of 200 million euros ($222.73 million) in senior notes, yielding 10.5% in coupon payments to replace other short-term debt due in 2024. The analysts expect shares of Ams OSRAM, listed on the Swiss stock exchange, to rise 179% over the next 12 months to 2.4 Swiss francs ($2.83).
Persons: TSMC, Jensen Huang, Blackwell, Goldman Sachs, Huang, Jefferies, Janardan Menon, Infineon, Aixtron Organizations: Nvidia, ASML, Jefferies, Ams OSRAM, The SOX Semiconductor, Nvidia's, Infineon, IFX, HVP, Ams Locations: Germany, Infineon, Aixtron, U.S, Austrian
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Read previewMy husband and I have three kids and four pets, and we've moved a lot in search of the American dream. We missed our laid-back, California progressive-style life, and we wanted our kids to grow up outdoors, around creative thinkers. My kids can move around independentlyIn Switzerland, most of our kids' new friends wandered out independently, walking, cycling, and using public transportation. Related storiesMy family was welcomedInternational families in Switzerland welcomed my family into a school community with people from over 40 countries with varied learning styles. AdvertisementWhile I witnessed various parenting styles in the Swiss international community, parents who overmanaged kids' friendships, teacher relationships, and academic performance weren't tolerated in Switzerland.
Persons: , we've, I'd, Lynn, We've, that's, they'd, weren't, we'd Organizations: Service, Business, Swiss, Kids Locations: New York, Bay, California, Marin County, Connecticut, Fairfield, Switzerland, Swiss
American gymnast Jordan Chiles has appealed to the Switzerland supreme court to reclaim her bronze medal from the Paris Olympics, Chiles’s attorneys announced Monday. During the women’s floor exercise final in Paris, Chiles was moved up to third place — and awarded bronze — after challenging the judges’ score over one of the elements in her routine. However, she was moved down to fifth days later after the Court of Arbitration for Sport (based in Switzerland) ruled her challenge was submitted four seconds late. The International Olympic Committee then awarded bronze to Romania’s Ana Bărbosu and asked Chiles to return her medal. Chiles has appealed to the Federal Supreme Court of Switzerland to overturn the decision.
Persons: Jordan Chiles, Chiles’s, Chiles, , Ana Bărbosu, Hamid Gharavi, “ Jordan Chiles ’, , Maurice M, Suh, ” Chiles Organizations: Paris, Sport, Olympic, Federal, Romania Locations: Switzerland, Paris, Tokyo
Punit Paranjpe | Afp | Getty ImagesIndia can achieve sustainable economic growth of up to 8% over the medium term, according to the country's central bank governor. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later. Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during the Global Fintech Fest 2024 in Mumbai, India, on August 28, 2024. Nurphoto | Nurphoto | Getty ImagesIt comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.
Persons: Punit Paranjpe, CNBC's Tanvir Gill, Shaktikanta Das, Das, Goldman Sachs Organizations: Afp, Getty, Reserve Bank of India, International Monetary Fund, Nurphoto, European Central Bank, Bank of England, Swiss National Bank, The U.S . Federal Reserve, ECB, Bank of India, Global Locations: Mumbai, India, Japan, Germany, U.S, China
watch nowDrugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. That can allow the treatment to deliver radiation to cancer cells and spare the rest of the body from the level of damage that comes with many cancer drugs. For Pluvicto, patients come in once every six weeks for up to six treatments. One opportunity Bristol Myers Squibb sees is combining radiopharmaceuticals with existing cancer drugs like immunotherapy, said Robert Plenge, Bristol's chief research officer. But she thinks the technology will become an important part of cancer drugs in the next decade.
Persons: Eli Lilly, They've, Michael Schmidt, Schmidt, Franco Origlia, Jacob Van Naarden, Eli Lilly's, Lilly, Biopharma, Van Naarden, Radiopharmaceuticals, Bristol Myers, Ben Hickey, RayzeBio, Hickey, Victor Bulto, Bulto, Timothy Korytko, Ronald Coy, Sharon, Ronald Coy Ronald Coy, Coy, who's, Coy hasn't, she's, we've, Eli Lilly's Van Naarden, Bristol Myers Squibb, Robert Plenge, Susan Galbraith, Galbraith Organizations: Bristol Myers Squibb, AstraZeneca, Guggenheim Securities, Novartis, NSA, Pharmaceutical, Bassett Healthcare Network, Bristol, Fusion Pharmaceuticals, Guggenheim Locations: Aedea Rome, Italy, radiopharmaceuticals, Swiss, FactSet, Bristol, Indiana, U.S, New York, Bassett
CNN —Rapa Nui, also known as Easter Island, never experienced a ruinous population collapse, according to an analysis of ancient DNA from 15 former inhabitants of the remote island in the Pacific Ocean. Settled by Polynesian seafarers 800 years ago, Rapa Nui, today part of Chile, has hundreds of monumental stone heads that echo of the past. But that theory remains contentious, and other archaeological evidence suggests that Rapa Nui was home to a small but sustainable society. Easter Island genomesTo investigate Rapa Nui’s history further, researchers sequenced the genomes of 15 former residents who lived on the island during the past 400 years. But the ancient genomes add to a growing body of evidence that the idea of a self-inflicted population collapse on Easter Island is a false narrative, said Matisoo-Smith, who wasn’t involved in the study.
Persons: Christopher Columbus ’, Jared Diamond, , J, Víctor Moreno, Raraku, De Agostini, Moreno, Mayar, Lisa Matisoo, Smith, Matisoo, wasn’t, , ” Matisoo, Alphonse Pinart, Alfred Métraux Organizations: CNN, Easter, Mankind, French National Museum of, University of Copenhagen’s Globe Institute, Easter Islanders, New Zealand’s University of Otago, Polynesian, New Zealand’s Science Media Locations: Rapa, Easter, Americas, Rapa Nui, Chile, Paris, Peru, Denmark, American, South America, Columbus, Pacific, , French, Swiss
An investigator has backed the World Anti-Doping Agency’s handling of a case involving 23 Chinese swimmers who failed drug tests weeks before the Tokyo Games and said WADA had not been complacent nor shown bias toward China. Swiss prosecutor Eric Cottier, who was handpicked by the global anti-doping agency, said in a preliminary report in July that WADA did not mishandle the case involving the swimmers, who tested positive for trimetazidine (TMZ) but were cleared by a Chinese investigation. Cottier reiterated those findings in his final report on Thursday but also criticized WADA for failing to challenge Chinese anti-doping authorities (CHINADA) for not following all of the procedures laid down in its anti-doping standard. The case prompted a backlash from athletes and national anti-doping authorities, who questioned WADA’s processes and complained about a lack of transparency in the case. “The ongoing failure to investigate and to answer the critical question of whether the 23 positive tests were due to contamination or intentional use will haunt athletes around the world for years to come.”
Persons: WADA, Eric Cottier, Cottier, ” Cottier, ” CHINADA, Olivier Niggli, ” Travis Tygart, Organizations: Tokyo Games, TMZ, U.S, Doping Authority Locations: China, Swiss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Real heavy lifting' of Japan's corporate governance reforms has yet to come: Fund managerZuhair Khan, managing director and senior fund manager at Swiss private bank UBP Investments, says that also applies to the benefits to shareholders.
Persons: Zuhair Khan Organizations: UBP Investments Locations: Swiss
U.S. News and World Report ranked the best countries for a comfortable retirement in 2024. A recent U.S. News and World Report ranked the best countries for a comfortable retirement based on an international survey of nearly 17,000 people and a subset of 5,900 respondents in their mid-40s and older. Switzerland is the best country for a comfortable retirementFor the second year in a row, Switzerland is the best country for a comfortable retirement. The 10 best countries for a comfortable retirementSwitzerland New Zealand Portugal Australia Spain Canada Denmark Netherlands Sweden Luxembourg New Zealand is the No. 2 best country to retire comfortably, up two spots from last year.
Persons: New Zealand Beverly Goldschmidt, Istock Organizations: . News, U.S . News, U.S, European Union, Switzerland New Zealand, Switzerland New Zealand Portugal Australia Spain, Switzerland New Zealand Portugal Australia Spain Canada Denmark, New Zealand, Getty Locations: U.S, Florida, Delaware, United States, Mexico, Malaysia, Dominican Republic, Switzerland, Smartasset, New Jersey, Switzerland New Zealand Portugal, Switzerland New Zealand Portugal Australia Spain Canada, Switzerland New Zealand Portugal Australia Spain Canada Denmark Netherlands Sweden Luxembourg New Zealand, New Zealand, New
The second week of Ulta’s Fall 21 Days of Beauty Event is almost over. Ulta Fall 21 Days of Beauty Event Sept. 7 dealsThe best Ulta sales on Sept. 8These pimple patches combat your breakout right at the start. Ulta Fall 21 Days of Beauty Event Sept. 9 dealsThe best Ulta sales on Sept. 10Unite is an NBC Select-staff favorite; the entire line is 50% off during the sale. Ulta Fall 21 Days of Beauty Event Sept. 10 dealsThe best Ulta sales on Sept. 11If you’re combatting hyperpigmentation and dark spots, consider this creamy, non-greasy serum from Elemis. Ulta Fall 21 Days of Beauty Event Sept. 12 dealsFrequently Asked Questions When does Ulta’s 21 Days of Beauty Event start and end?
Persons: , Rebecca Rodriguez, Foreo, Caitlin Cusack, doesn’t Organizations: NBC, Amazon, Facebook, Twitter Locations: Ulta, Swiss
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