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An aerial drone view of the city centre of Zurich
FinanceZurich paid city employees double their monthly salaries. Now it wants that $200 million back
By Bastian Benrath and BloombergFebruary 27, 2024
Nestle made big gains when high inflation gave it a reason to charge consumers more. But as prices level, the Nespresso maker says growth is set to cool
RetailNestle made big gains when high inflation gave it a reason to charge consumers more. But as prices level, the Nespresso maker says growth is set to cool
By Dasha Afanasieva and BloombergFebruary 22, 2024
Amid U.S. construction boom, world’s largest cement maker will spin off North American business, seek $30B valuation: ‘Two independent champions’
FinanceAmid U.S. construction boom, world’s largest cement maker will spin off North American business, seek $30B valuation: ‘Two independent champions’
By Allegra Catelli, Paula Doenecke, Eyk Henning and BloombergJanuary 28, 2024
people walking outside an IWC store
RetailCartier-owner Richemont’s earnings may show the bright spot that luxury companies have been waiting for—demand from Chinese shoppers
By Prarthana PrakashJanuary 19, 2024
A man wearing a navy suit with a red tie among a group of panelists.
NewslettersWEF president worries the world is looking too much like 19th-century Europe: ‘A lot of multipolarity, but not a lot of peace’
By Peter Vanham and Nicholas GordonJanuary 16, 2024
Swiss chocolate maker Lindt’s record sales growth comes with a bitter twist—the customer swallowed much of the added costs
RetailSwiss chocolate maker Lindt’s record sales growth comes with a bitter twist—the customer swallowed much of the added costs
By Ryan HoggJanuary 16, 2024
French fashion brand Hermes store seen in Hong Kong airport.
RetailHermès billionaire heir moves to cut ties with his charity amid plans to adopt gardener and pass on part of his fortune
By Tara Patel and BloombergDecember 19, 2023
View from sea of a lighthouse in Freetown in Sierra Leone. The first two of seven ships will be deployed off Sierra Leone and Cameroon for free early next year.
Retail‘It’s like Lego.’ German entrepreneur seeks $269 million to revamp container ships for new modular floating hospitals
By Bloomberg and Sonja WindDecember 19, 2023
watch shopper
Lifestyle‘I believe that we will never see this ever again’: High-flying Swiss luxury watch makers grounded as the great pandemic splurge peters out
By Andy Hoffman and BloombergDecember 8, 2023
‘Zoogler’-packed Zurich just overtook New York as the most expensive city in the world
Finance‘Zoogler’-packed Zurich just overtook New York as the most expensive city in the world
By Ryan HoggDecember 1, 2023
Alain Wertheimer and his brother Gerard Wertheimer attend the Prix de Diane Longines at Hippodrome de Chantilly on June 12, 2011 in Chantilly, France.
SuccessChanel heir with a $48 billion fortune is the richest person in Switzerland thanks to a post-pandemic luxury goods boom
By Chloe TaylorNovember 27, 2023
a lady pointing her finger to the right in front of a poster of a watch
LifestylePrices of high-end Rolex and Patek Philippe watches hit a new 2-year low as luxury slump spreads beyond LVMH and Gucci
By Prarthana PrakashNovember 14, 2023
people walking outside a Cartier store
RetailCartier owner Richemont sales disappoint as economic pressures start to pinch even the rich
By Prarthana PrakashNovember 10, 2023
China’s birth rate crisis is so intense that Nestlé is closing a baby formula plant due to dwindling demand
RetailChina’s birth rate crisis is so intense that Nestlé is closing a baby formula plant due to dwindling demand
By Prarthana PrakashOctober 20, 2023
A portrait of a woman sitting between some green plants in a small café in the city.
SuccessA 15-minute mind exercise can boost your odds of landing a job, finds new research from one of the world’s happiest countries
By Jane ThierOctober 9, 2023
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