Zurich

UBS Group AG (NYSE:UBS) has announced a new share buyback program worth up to $2 billion, set to commence in 2024. This move is intended to enhance investor returns as the bank pursues the completion of its acquisition of Credit Suisse. What Happened: UBS, based in Zurich, is initiating a new...

The Swiss government is considering legalization of recreational cannabis use and sales in Zurich as part of a new trial set to launch this summer, reported CNBC. The latest move builds on a 2021 amendment to the Federal Narcotics Act that came into effect in Switzerland, allowing pilot trials...

Troubled Swiss investment bank Credit Suisse Group AG (NYSE: CS) on Wednesday flagged a massive loss for the fourth quarter, as it goes about setting its house in order. What Happened: Credit Suisse said it expects its investment banking business and the group to report a loss before taxes of...

The Past Week, In A Nutshell What Happened: After auctioning to new all-time highs, U.S. index futures moved back into balance. Remember This: “With Global Liquidity jumping by some US $20 trillion in 2020, or some 25% of World GDP, there is a lot to spend... Consider that following the 1930s...

UBS’ annual prices and earnings report names Zurich, Geneva and Luxembourg as the global cities where workers have the most purchasing power. Jakarta, Nairobi and Kiev are the three cities where workers have the least purchasing power. Zurich workers must work 20.6 hours to earn enough money...