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The Latest Breaking News from Zurich

‘One billionaire at a time’: inside the Swiss clinics where the super-rich go for rehab

The long read: For the ultra-wealthy and the super-famous, regular therapy won’t do

The Guardian - UK

Nestle, Absolut owner to hike prices again amid high costs

Zurich (AFP) - Swiss food giant Nestle and liquor group Pernod Ricard, owner of Absolut vodka and Jameson whiskey, announced fresh price hikes on Thursday due to inflation even as consumers across the world face a cost-of-living crunch.

AFP

Inflation nibbles at Nestle margins

Zurich (AFP) - Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.

AFP

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Glencore rewards shareholders after coal-fuelled profits

Zurich (AFP) - Swiss mining giant Glencore said Wednesday it would dish out $7.1 billion to shareholders after posting record profits driven by a surge in coal prices following Russia's invasion of Ukraine.

AFP

Bristol Airport launches Zurich flights to link city with Switzerland and Alps

Bristol is apparently one of the most popular UK cities for Swiss visitors

Bristol Post

Bristol Airport flights to Switzerland launched, creating 'huge' trade opportunity

Switzerland’s national airline SWISS is planning to increase the frequency of it service between the South West transport hub and the country’s financial centre

Birmingham Post

Indonesian islanders file Holcim climate complaint

Zurich (AFP) - Residents of the Indonesian island of Pulau Pari have filed a complaint against the cement giant Holcim, demanding compensation for climate damage, in the first move of its kind in Switzerland, the NGO backing them announced Wednesday.

AFP

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After turbulent year, UBS upbeat with eye on Asia

Zurich (AFP) - Swiss banking giant UBS voiced optimism for 2023 on Tuesday, hoping that higher interest rates and a swelling business in Asia would boost its results following a turbulent 2022.

AFP

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

The Guardian - UK

Generation Z finding time for second-hand luxury watches

Zurich (AFP) - Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by Generation Z buyers who want luxury goods but are also sustainability-minded.

AFP

Yellen eyes China trip after 'constructive' meeting with top Chinese official

Zurich (AFP) - US Treasury Secretary Janet Yellen will travel to China soon, following "constructive" discussions with her Chinese counterpart Wednesday, Washington said, as the two countries seek to boost ties and reduce tensions.

AFP

'Pressing need' for US, China to communicate on economic issues: Yellen

Zurich (AFP) - Close communication between the United States and China on economic issues is vital, US Treasury Secretary Janet Yellen said Wednesday ahead of a meeting with a top Chinese official in Zurich.

AFP

Yellen sets surprise meeting with China’s vice premier in Switzerland

WASHINGTON — U.S. Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Wednesday in Zurich, making a detour on her way to talks in Africa.

Tribune News Service

Davos 2023: Yellen to meet China's vice premier Liu He - U.S. Treasury

U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said.

Reuters

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AFP

Global investors pressure Glencore over coal production

Zurich (AFP) - Key investors in Swiss miner Glencore have demanded the company explain how its coal production plans align with global efforts to curb the warming of the planet, shareholders said Thursday.

Evening Standard

Jonas Eidevall makes transfer admission as Arsenal thrash Zurich in Champions League

Arsenal boss Jonas Eidevall is targeting new signings after his side secured a seeded spot in the quarter-finals of the Champions League.

The Independent UK

Frida Maanum nets hat-trick as Arsenal hammer Zurich in Champions League

The Gunners now need to wait until February 10 to discover who they have drawn in the quarter-final.

The Independent UK

Four best European Christmas markets to visit by train

It all started in Germany in the 15th century – and European Christmas markets have been attracting visitors ever since. Bernadette Fallon selects the best ones to reach by rail

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AFP

Barca, Bayern book knockout berths in Womens Champions League

Paris (AFP) - Barcelona and Bayern Munich both cruised to comfortable wins on Thursday to book their tickets for the qualifying stage of the Women's Champions League.

AFP

Lyon revive Women's Champions League defence

Paris (AFP) - Lyon resuscitated the defence of their Women's Champions League crown by winning 3-0 away to Zurich on Thursday but stayed third in their group after Juventus and Arsenal drew 1-1.

AFP

Embattled Credit Suisse expects Q4 pre-tax loss

Zurich (AFP) - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

AFP

Credit Suisse expects Q4 pre-tax loss of $1.6 bn

Zurich (AFP) - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

The Independent UK

New night train to link Prague and Zurich via Germany

New service launches on 11 December

AFP

Three out of four bitcoin investors have lost money: study

Zurich (AFP) - Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence.

Daily Mirror

Arsenal boss Mikel Arteta set to sanction January exit after transfer U-turn

Arsenal signed talented Brazilian youngster Marquinhos in the summer and he impressed on his full debut with a goal and an assist against FC Zurich - but Mikel Arteta could let him go out on loan

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