Business
UBS has cut about 200 jobs in London as its integration of Credit Suisse nears completion. The reductions affect several business units, including wealth management and investment banking.
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Switzerland
Switzerland will waive CHF1.5 million in medical costs for 12 Italian victims of the Crans-Montana fire who were treated in Switzerland. The Federal Council said it made the exception after discussions with Italy.
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Health
Four people in Ticino have chikungunya fever and live in the same neighbourhood, where authorities have sprayed a substance to kill adult tiger mosquitoes. Officials say some of the infections may be linked to the same or related mosquitoes.
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Law
A German woman whose application for Swiss naturalisation was rejected has won a court battle for citizenship, according to a Thursday news roundup. The available report does not provide further details of the ruling.
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Media
Swiss media groups are using AI to transcribe interviews, summarise material and suggest headlines, while keeping journalists responsible for checking and shaping published content. The companies say they cannot yet quantify the technology’s savings in time or money.
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Business
A shortage of financing is pushing Ghana’s cocoa industry to seek funding through instruments such as bonds and commercial paper. The funding squeeze matters to Swiss chocolate makers because Ghana is a major source of their cocoa beans.
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Business
China has blocked the sale of ABB’s robotics business in the country to Japan’s SoftBank, putting the planned multibillion-dollar deal in jeopardy. The companies say they remain in contact and are working on the transaction.
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Politics
Swiss voters will decide on five federal proposals on February 28, 2027, the Federal Council has confirmed. The ballot will include a proposal to lift the ban on building nuclear power plants and a free-trade agreement with Malaysia.
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Business
Migros is considering merging its ten regional cooperatives as it faces financial pressure and uneven performance across the group. Members will have the final say on the proposed restructuring.
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