Switzerland

Cellnex Commences $2 Billion Sale of Swiss Unit Amidst Strategic Restructuring

2 months ago

In a significant move within the telecommunications infrastructure sector, Spanish telecom tower operator Cellnex is reported to have initiated the sale process of its Swiss unit, aiming to raise approximately $2 billion. This strategic divestment underscores Cellnex's ongoing efforts to streamline its operations and focus on core markets, reflecting a broader trend in the industry whereby companies are strategically realigning their assets to optimize growth and returns.

Swiss State-Owned Bank PostFinance Ventures into Crypto with Ethereum Staking Expansion

4 months ago

In a significant move reflecting the growing acceptance of cryptocurrencies within traditional financial systems, PostFinance, Switzerland's state-owned bank, has announced its expansion into the digital crypto space. This landmark decision allows customers to engage in Ethereum staking, a process that enables them to earn rewards by participating in network security.

Billionaire Patrick Drahi Relocates Residency from Switzerland to Israel

5 months ago

In a significant move that has attracted attention from both financial circles and media outlets, billionaire investor Patrick Drahi has officially changed his residency from Switzerland to Israel. This strategic relocation is not only a personal decision but also possibly influences the landscape of global investment and philanthropy.

Swiss Steel Aid: A Shift Towards Government Intervention

5 months ago

In a significant move diverging from its traditionally hands-off approach, the Swiss government is considering providing financial assistance to struggling steelmaker Swiss Steel Holding AG. This development comes as the company grapples with a series of challenges, including fluctuating steel prices and heightened competition in both domestic and international markets.

Watches of Switzerland Shares Surge on Positive Demand Signals

6 months ago

In a notable boost for the luxury watch retailer, Watches of Switzerland Group has witnessed a significant increase in its share prices as indications of an upward trend in consumer demand become apparent. The company, which specializes in high-end watch brands, reported a sharp rise in its stock, reflecting optimism in the market concerning economic recovery and luxury spending.