Norway's Telenor hopes to see consolidation in the European telecoms sector although the company itself does not have current concrete plans.
Switzerland
ABB has bought a company specialising in boosting the mobility of industrial robots by using AI and 3D vision to move around factories.
EPFL’s device combines regular lasers with small circuits and can produce a very precise and uniform type of light.
Swop. Reddit users, listen up. From November 1st, your posts are being analyzed by AI models to predict your income and location.
It’s been tagged as the biggest deal banking in the world since the dark days of 2008. The UBS takeover of Credit Suisse. But the imminent collapse of Credit Suisse which preceded it also tarnished the reputation of Switzerland’s banking credibility. The deal creates a wealth management group with a $1.6 trillion balance sheet, effectively […]
Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion) in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, cannot be overturned. Although parliament’s upper house earlier on Wednesday retrospectively approved the measures, the lower house rejected them for the […]
Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank if it received state […]
Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. The office of the attorney general said on Sunday that the prosecutor opened an investigation into the state-backed takeover of Credit Suisse by UBS Group last month, looking into potential breaches of […]
(This March 31 story has been corrected to say Laurianne Krid is director general of FIA Region I, part of the Federation Internationale de l’Automobile (FIA), and not director general of the Federation Internationale de l’Automobile, in paragraph 8) Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable […]
General Motors plans to phase out widely-used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s infotainment systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle’s dashboard display. GM’s decision […]