Switzerland
ABB is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The Swiss engineering company, which competes with Japan’s FANUC and Germany’s Kuka, is spending $20 million boosting capacity at its Auburn Hills site in Michigan […]<
Chinese battery giant CATL’s plan to raise at least $5 billion in Swiss global depository receipts (GDR) has been delayed as Beijing regulators raise concerns over the large scale of the offering, three people with direct knowledge of the matter said. The world’s largest battery maker, formally known as Contemporary Amperex Technology Co (CATL), had […]
BREAKING NEWS
As the world gears up to celebrate International Women’s Day (IWD) on Wednesday, here is a look at what the global event stands for, this year’s theme and the issues that activists are focusing on. WHAT IS INTERNATIONAL WOMEN’S DAY? IWD is an annual event to celebrate the achievements of women and push for rights […]
ABB has sold more of its electric vehicle (EV) charging business to four investors including a fund linked to former U.S. Vice President Al Gore, the Swiss engineering company said on Wednesday. The investors paid 325 million Swiss francs ($355 million) for a combined 12% stake in the E-Mobility business in a second and final […]
The author who first envisioned the metaverse 30 years ago sat down on Wednesday with a top executive from the company investing billions in building it and agreed there were formidable hurdles to bringing it to the masses. Neal Stephenson, who coined the term in his 1992 novel “Snowcrash”, and Chris Cox, the chief product […]
The collapse in the prices of digital assets over the past year will allow investors to focus on the “true value” of this new technology, the distributed ledger and the smart contracts that can be built on them, former Reserve Bank of India Governor Raghuram Rajan said on Wednesday. “The idea that somehow cryptos are […]
German engineering and technology group Siemens posted a better-than-expected fourth-quarter profit for its industrial business on Thursday and said its factory hardware and software continued to witness strong demand. The company said in a statement it has seen growth in many markets despite a “continuing complex macroeconomic environment influenced by energy shortages and availability concerns […]
The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day to day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, […]
Companies and telecom operators have been competing to adopt and deploy the latest technologies, and more specifically, tech with fifth-generation network capabilities. Sunrise – Switzerland’s second-largest telco – was awarded the connect 5G Innovation Award for the fastest and most reliable 5G network in the country, according to the Connect mobile network test. The Swiss […]
Wireless connection has always been at the center of health concerns but more recently, 5G has sparked a wave of global fears and conspiracy theories – believed to be a health hazard because of its higher frequency (24-52.6 GHz, as compared to a 5.9 GHz used by 4G). Therefore, concerns about the possible health impact […]
Latest Articles
