Since the start of the year, Nestlé, one of Europe’s largest companies, has seen its share price jump by about 34 percent with CEO Mark Schneider leading the turnaround. Jon Cox, head of Swiss equities at Kepler Cheuvreux, believes the company’s “brilliant run” will continue into 2020, boosted by the low interest rate environment.WATCH MORE
Building bridges between banking and sustainability
Leaders from the Swiss banking sector will meet with UN and NGO officials next week at the Building Bridges Summit to discuss how the two sides can work together on sustainable finance projects—from social stock exchanges, investment platforms, and development funds. Fabio Sofia, president of Sustainable Finance Geneva, the organizer of the event, gives his views.
Fighting cybercrime is uphill battle for businesses
Many companies aren’t spending enough to protect themselves and their customers against cybercrimes, says Klaus Julisch, the lead cyber partner of Deloitte Switzerland. Businesses should spend between 4 and 10 percent of their IT budget on preventing unauthorized access to their internet-connected systems.
Giga-speed for everyone in Switzerland
Gigafast internet; whether in the city or the country. Our super-strong network makes it possible: gigafast Internet at up to 1 Gbit/s nationwide – whether you’re at home in the city or in the country.
Data centers: Welcome to the new real estate asset class
Data centers have seen an explosion in growth over the last decade as companies outsource their infrastructure and move to the cloud. Switzerland is no exception and is seeing growth paralleling key markets around the world, says Eric Schwartz, chief strategy and development officer at Equinix.
UBP says global economy headed for “soft patch”
The global economy will probably go through a tough transition as policymakers come to grips with the need to rely less on central banks and more on government spending to spur growth, says Norman Villamin, chief investment officer at UBP. He doesn’t expect the hand off to happen before the second half of 2020. “But even right now, we’re surprised at how reluctant the policymakers in Germany seem to be about providing proactive fiscal stimulus.”
How long will Nestlé’s winning streak last?
Since the start of the year, Nestlé, one of Europe’s largest companies, has seen its share price jump by about 34 percent with CEO Mark Schneider leading the turnaround. Jon Cox, head of Swiss equities at Kepler Cheuvreux, believes the company’s “brilliant run” will continue into 2020, boosted by the low interest rate environment.
Credit Suisse spy scandal carries a big price tag
Credit Suisse on Tuesday attempted to draw a line under a scandal that has eroded its share price in recent days. Simon Cole, founder and director of Reputation Dividend, estimates the affair may shave more than a $ 1 billion from its market value.
A new twist in the Credit Suisse affair
An internal investigation at Credit Suisse has cleared CEO Tidjane Thiam from giving orders to follow Iqbal Khan, the former head of its international private banking unit. CNNMoney Switzerland’s Editor in Chief Andreas Schaffner has the latest on the bank’s Spygate saga.