United Kingdom

Michael Shields

Exclusive: Swiss humanitarian channel to Iran seen within months - Swiss, U.S. officials

11 Dec 2019

BERN A humanitarian channel to bring food and medicine to Iran could be up and running within months, senior Swiss and U.S. officials told Reuters, helping supply Swiss goods to the struggling population without tripping over U.S. sanctions.

Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 billion

06 Dec 2019

LONDON/ZURICH Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer's biggest deal to date as it bulks up on policies closed to new customers.

SoftwareONE makes successful Swiss debut in grim IPO season

25 Oct 2019

ZURICH Software management group SoftwareONE set the price of its initial public offering (IPO) on Friday at 18 Swiss francs per share, valuing the company at about 2.8 billion francs ($2.82 billion) in a rare bright spot for European listings.

Swiss financiers face Green backlash after election

21 Oct 2019

ZURICH Switzerland's Greens took aim at the country's financial services sector after parliamentary election gains which shifted the balance of political power to the left.

Rich Chinese outnumber wealthy Americans for first time: Credit Suisse

21 Oct 2019

ZURICH, The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed.

Swiss says Airbus A220 flights resuming as engines pass inspection

16 Oct 2019

VIENNA Airline Swiss expects to resume mostly normal service with its fleet of Airbus A220 jets on Thursday after temporarily grounding the jets for safety checks of their engines, it said on Wednesday.

Chances of Swiss-EU treaty deal this month have vanished, sources say

04 Oct 2019

BERN Switzerland has abandoned hopes of reaching an agreement with the European Union on a new treaty this month, frustrated by its inability to forge domestic consensus on how to its approach its biggest foreign policy issue.

Credit Suisse clears its CEO in spying scandal that rocked Swiss banking

01 Oct 2019

ZURICH Credit Suisse cleared its CEO on Tuesday of snooping on a star wealth manager in an episode that saw suicide, scandal and espionage invade the secretive world of Swiss private banking.

Austria's Kurz eyes economic growth after vote triumph

30 Sep 2019

VIENNA Austrian conservative leader Sebastian Kurz basked in election victory on Monday, his People's Party (OVP) strengthened by a parliamentary contest that punished the scandal-hit far right, although tough talks lie ahead on forming a ruling coalition.

Claims data points to high-end electric car risks: AXA

22 Aug 2019

DUEBENDORF, Switzerland Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said.

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