Switzerland is considering building additional hydroelectric dams in response to a shortage of electricity in Europe, which has resulted in a price increase. According to newspaper Le Matin Dimanche, which cited sources acquainted with the preparations, the Federal Office of Energy will meet to evaluate a new
Nestle SA is selling a part of its stake in L'Oreal SA back to the cosmetics company for 8.9 billion euros ($10 billion), reversing a four-decade relationship between two of Europe's largest consumer products companies. After selling 22.3 million shares for 400 euros apiece, Nestle will own
And, like in 2008, the biggest losers will be those who are least to blame. The financial services industry would be the world's fifth-largest emitter of greenhouse emissions if this was a country. Based on year-end reports from 2020, the Sierra Club and the Center for American
Manufacturers are discovering that if they want their innovations to be recognized, they must give investors the opportunity to own them individually. Legacy businesses striving to stay relevant in a stock market dominated by tech giants and high-flying electric-vehicle manufacturers are discovering that two companies are better than one. Harley-Davidson Inc. announced
Former employees claim that Mitto AG's network used to track people via mobile phones. According to former workers and clients, the co-founder of a company trusted by technology giants like Google and Twitter to supply sensitive passwords to millions of their consumers also managed a service
Astrocast, a Swiss firm developing tiny satellites that deliver internet access to all types of devices, is seeking as much as 50 million Swiss francs ($54 million) in a private placement ahead of a direct listing on the stock market. The company, which is backed by
Elon Musk’s tunneling startup the Boring Co. is working on much wider tunnels than publicly announced, which could significantly expand the reach of the business. The tunnels that the company is pitching to some potential clients are 21 feet in diameter, dwarfing the 12-feet tunnels the Boring Co. has built
Nestle SA is working to update its nutrition and health strategy as the world’s largest food company faces criticism over unhealthy products. Nestle is assessing its food and beverage portfolio against external nutrition profiling systems, such as Health Star Rating and Nutri-Score, that help consumers make more informed choices, the
The idea is simple: a transport service that’s so good, you’ll never need a car again. It’s what Finnish startup MaaS Global Oy has been working toward since 2015. The company has developed a mobile app, Whim, that’s already being used in several European cities and in Tokyo.
Within the Swiss asylum system, a working group chaired by the State Secretariat for Migration (SEM) has urged for greater detection and help for prospective victims of human trafficking. "The discovery and recognition of potential victims of human trafficking is the first and one of the
