Europe Top News and Analysis Switzerland

  • ZURICH, Sept 25- A drug cocktail with Roche's Tecentriq added two months to small-cell lung cancer patients' lives, potentially aiding the Swiss company's bid to win approval in a niche disease area before rivals that now dominate the immunotherapy market. Patients with untreated extensive-stage small-cell lung cancer, where cancer has spread beyond the...

  • GENEVA— Novartis said Tuesday it's cutting some 2,100 jobs in Switzerland and Britain over several years as the Swiss pharmaceuticals giant tweaks its corporate structure to become more nimble and more efficient. The Basel- based company said it is cutting some 1,700 jobs in Switzerland through 2022, including 1,000 manufacturing positions and another...

  • *Switzerland to take brunt of layoffs. ZURICH, Sept 25- Novartis will cut 2,550 jobs in Switzerland and Britain over four years, it said on Tuesday, as the Swiss drugmaker strives to boost profits and focus on new medicines. Switzerland will bear the brunt, with 2,150 cuts planned at four factories and its Swiss-based business services unit.

  • Swiss pharmaceutical and drug maker Novartis CEO Vasant Narasimhan.

    Novartis now has about 13,000 employees in its home country.

  • PARIS, Sept 24- Two of France's biggest supermarket groups were locked in a dispute on Monday after Casino said it had rejected a tie-up approach from larger rival Carrefour that Carrefour denied ever making. Two sources with knowledge of the matter told Reuters there had been a meeting on Sept. 12 between Carrefour head Alexandre Bompard and Casino's boss...

  • PARIS, Sept 24- French supermarket group Casino, whose shares have slumped this year due to concerns over its debt, said it had rejected a tie-up approach from domestic rival Carrefour, although Carrefour denied making any overtures. It added: "The board of directors also acknowledged the barriers, in France and in Brazil, to a combination with Carrefour,...

  • *Iran's elite force warns of "unforgettable" retribution. DUBAI, Sept 23- Iran's elite Revolutionary Guards vowed on Sunday to exact "deadly and unforgettable" vengeance for an attack on a military parade that killed 25 people, including 12 of their comrades, and Tehran accused Gulf Arab states of backing the gunmen. Saturday's assault, one of the worst ever against...

  • *Iran's elite force warns of "unforgettable" retribution. DUBAI, Sept 23- Iran's Revolutionary Guards vowed on Sunday to exact "deadly and unforgettable" vengeance for a shooting attack on a military parade that killed 25 people, including 12 of their comrades, and Tehran accused Gulf Arab states of backing the gunmen. Saturday's assault, one of the worst ever...

  • *Iran's elite force warns of "unforgettable" retribution. DUBAI, Sept 23- Iran's Revolutionary Guards vowed on Sunday to wreak "deadly and unforgettable" vengeance for a shooting attack on a military parade that killed 25 people, including 12 of their comrades, and Tehran accused Gulf Arab states of backing the gunmen. Saturday's assault, one of the worst ever...

  • GENEVA— Swiss voters on Sunday were deciding on two separate proposals aimed at protecting Swiss farmers more and ensuring that food from both domestic and foreign farmers and producers is healthier, more environmentally sound and animal-friendly. Yet polls show costs concerns, government opposition and other factors have dented public support for the...

  • *High Court rules in favor of doctors. ZURICH, Sept 21- Drug giants Novartis, Bayer and Roche on Friday lost a bid to stop British doctors from recommending a cheaper drug option for people with an eye disease that causes blindness, the High Court in London ruled. A drug industry group said the decision was extraordinary "and was bad news for future regulatory...

  • GENEVA— A World Trade Organization arbitrator will step into a years-old dispute brought by China over U.S. anti-dumping measures. In 2017, the WTO's appellate body ruled largely in favor of China. The standoff comes amid a high-profile showdown between China and the Trump administration over trade.

  • Nestle chocolate products are displayed on the shelves of a Kroger supermarket in Decatur, Georgia.

    The maker of Nescafe and Perrier water is ditching underperforming businesses and seeking to fend off criticism from an activist investor demanding an overhaul.

  • Former Malaysian Prime Minister Najib Razak

    The politician will face additional charges for his alleged role in the 1MDB scandal, according to the country's anti-corruption agency.

  • GENEVA, Sept 19- China must plug loopholes in the way it applies rules on subsidies and technology transfer to address complaints from the United States and the European Union, former central bank chief Zhou Xiaochuan said on Wednesday. Zhou acknowledged that China could do more to tighten up its rules to root out illegal subsidies and forced technology...

  • GENEVA, Sept 19- The direct economic impact on China of the trade war with the United States appears limited, though it could rapidly prompt China's exporters to switch away from the U.S. market, the former central bank governor in Beijing said on Wednesday. "But I think it will force China to look at many other markets. Zhou played down the direct economic damage to...

  • ZURICH, Sept 19- Adecco Group's shares fell to their lowest level in two years on Wednesday after the world's largest staffing company signalled a slowdown in European hiring growth. Volume trends had declined further in early September at the start of its third quarter, Adecco said in a trading update issued to coincide with its investor day in London.

  • *Three month target for gold at $1,275- Julius Baer. LONDON, Sept 19- Gold bounced on Wednesday as investors shrugged off concerns about the U.S.- China trade war and the dollar weakened, luring some buyers back into the market. China said on Wednesday it will not stoop to competitive devaluation of its currency, hours after it hit back with a softer punch than the one...

  • GENEVA, Sept 19- The World Trade Organization should bring in a new system to determine which countries are classed as "developing", based on the size but also the structure of the economy, a senior official from China's Commerce Ministry said on Wednesday. Zhang Jianping, director of the ministry's research centre for regional economic cooperation, told a...

  • GENEVA- CHINA COMMERCE MINISTRY OFFICIAL SAYS CHINA WANTS TO SEE REFORM OF DEFINITION OF "DEVELOPING" COUNTRIES AT WORLD TRADE ORGANIZATION.