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Business & Money - The Local

Swiss watch exports take sharp plunge
File photo: Bertrand Langlois/AFP

Global exports of Swiss watches plummeted 16 percent in a year.

Sapphire-toughened screens win Swiss invention prize
The Grand Prix was awarded to Hong Kong Baptist University professor Cheah Kok-wai, of the Cathay Photonics company. Photo: Cathay Photonics

A Hong Kong professor on Friday won the grand prize at this year's Geneva inventions show for a new method of toughening screens for smartphones and other devices to avoid cracks and scratches.

China's HNA offers $1.5b for Switzerland's gategroup
Swiss-bassed Gate Gourmet is part of gategroup. Photo: AFP

Chinese conglomerate HNA agreed to buy the Swiss airline catering company gategroup on Monday for 1.4 billion Swiss francs ($1.5 billion, €1.3 billion), with gategroup's management endorsing the offer.

Swiss company Glencore in billon-dollar deal
Photo: Fabrice Coffrini/AFP

Glencore will sell nearly half of its vast agriculture business to a Canadian pension fund for $2.5 billion.

Novartis drug firm faces Turkey bribe probe
A building at Novartis's campus in Basel, Switzerland. Photo: Novartis

Did the Swiss drug firm bribe Turkish health ministry officials?

Credit Suisse to shed more jobs, slash costs
Tidjane Thiam is restructuring the bank. Photo: Fabrice Coffrini/AFP

Credit Suisse is to axe thousands more jobs.

Swiss lose appetite for Big Macs and fries
Photo: McDonald's Switzerland

The golden arches of McDonald's Switzerland have lost some of their shine

Swiss double money frozen in Petrobras probe
Photo: Vandelei Almeida/AFP

$800 million (706 million euros) frozen during Swiss investigation into corruption at Brazil's state oil firm.

Swiss watch fair opens amid crisis of confidence
The world's biggest watch fair opened on Thursday. Photo: Fabrice Coffrini/AFP

This year's Baselworld "won't be one of the best" says industry legend.

London court slams UBS offshore tax schemes
Photo: Martin Abegglen

Schemes were designed to avoid millions in tax.

Further suspicions land on French UBS
Photo: Martin Abegglen

French subsidiary of Swiss banking giant is suspected of trying to silence a whistle-blower.

Glencore announces loss of $5 billion in 2015
The logo at the company's headquarters. Photo: Fabrice Coffrini/AFP

The results were posted on Monday, following a net profit of $2.3 billion the previous year.

Mothers returning to work could face the sack
Photo: Robert Valencia

One new case a month says workers' union Unia.

Swiss watch exports continue to decline
Photo: AFP

Global exports of Swiss watches fell nearly eight percent in January from the same month a year earlier, as sales to main markets Hong Kong and the US slowed.

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