Analyst outlook cools for Adecco on sluggish European growth
Adecco shares tumbled more than 5 percent after Goldman Sachs downgraded the stock on weaker anticipated growth in Europe, its largest market. Peter Romanzina, head of brokerage at Vontobel Investment Bank, also sees slower sales ahead for the recruitment firm in Europe, where it has large exposure to the industrial sector.
Demand growing for insurance against online defamation
AXA has turned to Swiss online service Silenccio for help protecting its 1.2 million clients against comments on social media that could damage its reputation. Dominique Kasper, AXA’s head of property and casualty in Switzerland, expects up to 200,000 clients will also buy cyber insurance in the next five to seven years.
Zurich Insurance: Climate change is a trillion-dollar risk—and an opportunity
Climate change poses significant risks to the economy, and according to Alison Martin, group chief risk officer of Zurich Insurance, we need another “industrial revolution” to facilitate change. When it comes to identifying risks, she says, European companies are ahead of their counterparts in the U.S.
Why Deutsche Bank is retreating from Wall Street
Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street. CNN’s Anna Stewart talks about the reasons behind the restructuring.
“Wheel of News”: A round-up of the week’s hot topicsFrom tensions over U.S-EU tariffs to the EU leadership nominations, economist and energy expert Cornelia Meyer spins the “Wheel of News” in a round-up of the week’s hot topics.
Back to basics for Deutsche Bank, says Willis Towers Watson
The M&A market underperformed in the second quarter of the year across all regions, with no mega deal of over $10 billion completed for the first time in five years. According to André van Hooren of Willis Towers Watson, Deutsche Bank and other banks that have recently considered mergers are going back to basics and “redefining their core” in order to adapt to changes in the industry.
Why oil producers are reducing output
Amid falling oil prices, OPEC and allied producing partners have agreed to take 1.2 million barrels per day off the market for another nine months. Economist and energy expert Cornelia Meyer tells us what this move means for consumers and gives her view on the macroeconomic challenges currently facing global markets.
Beware “statistical illusions” on Swiss jobs market figures
The Swiss jobs market grew by 9 percent in the second quarter of 2019 compared with a year earlier, boosted by healthcare, teaching, and public services, according to a new survey by recruitment firm Adecco. But be wary of “statistical illusions” when analyzing different labor and unemployment studies, says Cédric Tille, economics professor at Geneva’s Graduate Institute.
Powering returns with clean energy
Swiss pension funds have been waiting for years for the chance to invest in profitable sustainable energy projects like solar parks and wind farms. Now they are about to get it thanks to a law that comes into effect next year, says Tobias Reichmuth, CEO and founder of SUSI Partners.
What is “Lex China”?
The Council of States agreed to a motion that would control foreign investment, aimed mainly at China. Here’s what you need to know.
After the bull run, where should investors look?
The current bull market in the U.S has been historic, but how long can it last? Bruno Verstraete of Lakefield Partners talks about how investors should be positioned in this environment.