The Swiss Bank Employees Association has issued a stark warning to lawmakers, cautioning that the implementation of stricter capital rules could ultimately put the future of UBS in Switzerland in serious doubt. According to a formal letter sent to members of parliament and recently highlighted by the Swiss newspaper NZZ, any potential move of the […]
Volvo Cars announced on Friday that it plans to eliminate 2,500 jobs globally, with the vast majority of the reductions concentrated in its home country of Sweden, following a severe third-quarter financial downturn driven primarily by a sharp collapse in its Chinese market. The Swedish automaker, which is owned by China’s Geely Holding, reported a […]