News & Analytic Centre

ZURICH, Nov 20 Reuters Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about their prospects. Escalating trade tensions, with the possibility of higher export tariffs when U.S. Presidentelect Donald Trump takes office next year is also raising concerns in Switzerland. […]

Nov 20 Reuters Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region AEGEAN AIRLINES The Greek airline has cancelled flights to and from Beirut until March 29 and […]

Nov 20 Reuters Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid singledigit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier. The airline added that affluent customers were thriving with leisure travel being the highest priority purchase for highincome households. Premium travel […]

Nov 20 Reuters TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cashstrapped customers flocking to its offprice stores for products such as apparel and footwear. The TJ Maxx parent has hit the right spot as customers continue to hunt for value and better deals even as inflationary […]

Walmart gains marketshare with low prices, Target sees weak demand Overall holiday shopping expected to grow at slowest pace in six years Mobile spending to account for 53 of online holiday sales Retailers target shoppers with sprucedup loyalty programs Nov 20 Reuters Retailers are in for a mixed holiday season this year ahead of Black […]

ROME, Nov 20 Reuters Stellantis on Wednesday announced new temporary stoppages at two of its plants in southern Italy, while the Rome government called on the automaker to commit to new investments in the country. In two separate statements, the company said it informed unions about a pause in production at the Termoli engine plant on […]

European job cuts come amid challenges in shift to EVs Job cuts primarily in Germany, UK; affects 2.3 of global force Ford urges German government for better EV support, incentives Ford shares down 1.8 LONDONCOLOGNE, Nov 20 Reuters Ford said it would cut around 14 of its European workforce on Wednesday, blaming losses in recent years […]

Company saw strong response to promotions in Q3, CEO says Target faces persistent weakness in larger nonessential items Ports strike led to rerouted shipments, inventory buildup Target shares plunge 20, on track for worst day since May 2022 Nov 20 Reuters Target forecast holidayquarter comparable sales and profit below estimates on Wednesday as valueconscious consumers shopped for lowpriced […]

ZURICH, Nov 20 Reuters EFG International is looking at potential acquisitions, Chief Executive Giorgio Pradelli said on Wednesday, with the Swiss private bank on course to beat last year39;s record profit. The bank made a net profit in excess of 260 million Swiss francs 294 million in the first 10 months of 2024, compared with 303.2 […]

SHANGHAIHONG KONG, Nov 20 Reuters Major Chinese fund companies announced a big reduction in fees for a batch of equity exchangetraded funds ETFs on Wednesday, intensifying price competition in the rapidly expanding 400 billion sector of the market. The move to cut management and custodian fees by as much as 70 came a day after […]