UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the Swiss bank UBS, -0.45% UBSG, +0.55% , one of the world’s largest wealth managers for rich clients, is revamping its investment bank and wealth management arms, shedding jobs and reorganizingRead More →
Zurich Airport, near the World Economic Forum in Davos, on Monday touted the fact that a business aircraft used a blend of sustainable and conventional fuel. The fuel, made by Finland’s Neste NESTE, +1.74% , aims to reduce greenhouse gas emissions by up to 80%, the airport said. But it’sRead More →
Editor’s note: A previous version of this report misstated analysts’ expectations for revenue in the fifth paragraph. AFP/Getty Images The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Credit Suisse Group AG (CS) said Wednesday that third-quarter net profit more than doubled, beatingRead More →
He’s the man behind KitKat, Nespresso and Haagen-Dazs, but despite manufacturing some of the world’s best-known products, Mark Schneider, chief executive of Nestlé, thinks the future lies with a brand unfamiliar to most – Incredible Burgers. The plant-based meat substitute is being developed by Nestlé NSRGY, -0.54% NESN, +0.51% theRead More →
Do you want to open a bank account with Mark Zuckerberg and Facebook? No, me neither. It’s bad enough that Facebook FB, +0.85% says it won’t be paying a nickel of interest on any money that customers keep in the company’s new Libra digital accounts. But why would I wantRead More →
Getty Images/iStockphoto There are times when maintain a certain self-image outweights financial gain. Lost wallets with more money in them are more likely to be returned, says a new study published in Science Magazine. This result goes against the conventional wisdom that reckons a lost wallet full of cash willRead More →
A slowdown of the global economy this year has long been predicted by analysts and all international organisations, from the IMF to the OECD and from the World Bank to the EU. But a sign of the times is that even though the economy will keep growing this year andRead More →
