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SONNTAGSZEITUNG
Porsche CEO aims to finalise new cost-cutting package by JulyPorsche's CEO anticipates a swift resolution to cost-cutting talks, aiming for employee agreement before July holidays to provide clarity. ...- Swiss back tougher social media rules for minors, survey findsOn Wednesday, a Los Angeles jury found Meta and Alphabet's Google negligent for designing social media platforms that are harmful to young...
- VW Group to spend $186 billion by 2030, focus on Germany, EuropeVolkswagen Group, including Porsche and Audi, will invest 160 billion euros over the next five years. The focus is on Germany and Europe, c...
- WEF spat heats up as founder Klaus Schwab denies misconduct"I am in a position to refute all the accusations brought up against me," Schwab said in a statement, responding to a report in SonntagsZei...
- Switzerland may hold vote on plan to nationalise UBSThe initiative proposes to amend the Swiss constitution to say that “large banks of systemic importance are to be managed as joint stock co...
- Credit Suisse senior staff were paid unreported bonuses: PaperThe SonntagsZeitung report says the alleged profit-sharing scheme dates back to 2008. It lists two payments of 50 million Swiss francs ($56...
- Up to 36,000 jobs may go in UBS-Credit Suisse merger: ReportsThe takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on March 19 to prevent a global financial meltdown, follo...
- Thousands of flights canceled as German airport staff strikeChristine Behle of the Verdi labor union told public broadcaster RBB-Inforadio that failure to reach a meaningful deal with employers on pa...
- Volkswagen CEO Herbert Diess 'not afraid' of an Apple electric carWhile Apple's plans are not public, Diess said its intentions as such were "logical" because the company had expertise in batteries, softwa...
- Novartis CEO says Malaria drug is biggest hope against coronavirus - SonntagsZeitungOther companies including Bayer and Teva have also agreed to donate hydroxychloroquine or similar drugs, while Gilead Sciences is testing i...
- GERMANY: Maybe Greece needs a 'timeout' from the eurozoneWolfgang Schaeuble has not raised the possibility of Greece exiting the euro zone at crisis talks in Brussels discussing aid for Athens.
- Swiss banker pledges silence in US tax caseSwiss weekly SonntagsZeitung cited unnamed bank officials as saying Credit Suisse Group is holding direct negotiations with U.S. authoritie...
- Deutsche Bank: Portugal likely to seek bailoutMayer also told the newspaper that Spain, Italy and Belgium enjoyed much better fundamentals and would not need outside help to refinance t...
- Opel bidders must stump up more cash: GermanyThe three bidders for GM's European unit Opel have to stump up more cash of their own and rely less on government loans and guarantees, Ger...
- Credit Suisse compensates its Lehman investorsCredit Suisse Group said on Sunday it has paid around $86.7 million in compensation to 2,000 clients who lost money in collapsed US investm...
- Credit Suisse compensates its Lehman investorsCredit Suisse Group said it has paid around 100 million Swiss francs ($86.7 million) in compensation to 2,000 clients who lost money in col...
- Daimler to suspend production for one monthGerman carmaker Daimler, hit by falling demand, will suspend production for a month beginning in December. 2008: Year of global crisis | Su...
- UBS & CS face $68 bn provisioning demandAccording to a report the Federal Banking Commission would require additional provisions of 40 billion francs for UBS and 30 billion francs...
- SAP to consider more takeoversSoftware maker SAP would consider more acquisitions following the largest takeover in the company's history, SAP's chief executive reiterat...
- Nestle may name Polman as next CEONestle, the world’s largest food company, is most likely to name chief financial officer Paul Polman as its new chief executive, replacing ...
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