Swiss drugmaker Novartis on Tuesday said first-quarter core net income fell 4%, missing analyst expectations.
The Swiss lender said revenues were $774 million lower as a result of the Archegos hedge fund's collapse.
The landmark proposal, which was jointly submitted by India and South Africa in October, has been backed by more than 100 mostly developing countries
Global dividends fell sharply in 2020 due to the coronavirus pandemic, with dividends declining 12.2% in 2020 to $1.26 trillion, one report suggests.
Ngozi Okonjo-Iweala has been appointed the new chief of the World Trade Organization, becoming the first woman and African to ever lead the institution.
School closures have a clear negative impact on children's health, the United Nations health agency has warned.
The U.S. Treasury added Switzerland to a list of nations it suspects of deliberately devaluing their currencies against the dollar.
Policymakers in affected countries will have to strike a balance of not drawing too much ire from the U.S. and avoiding excessive currency strength amid a weaker U.S. dollar, says Erik Nelson at Wells Fargo Securities.
The Treasury also added India, Thailand and Taiwan to a list of countries it says may be deliberately devaluing their currencies against the dollar.
Israel has charged past the U.S. and New Zealand to emerge as the world's best place to be a woman entrepreneur after Covid-19 shook up the annual rankings.
The largest purple-pink diamond ever to be auctioned has been sold in Geneva, Switzerland for 24,393,000 Swiss francs ($26,700,871).
Switzerland has been named the best place in the world for attracting and nurturing skilled workers, even as the pandemic weighs on global economies.
The latest measures to address the second wave of Covid-19 infections in Europe could lead to higher unemployment, the permanent closure of many businesses and even more national debt. The French statistics office said before news of the latest lockdown that it expects economic activity to settle at "5 percent below its pre-crisis level" during the third quarter. Data from the German statistics office showed that the restaurant industry experienced a more-than 40 percent drop in turnover between March and August compared with the same period a year earlier.
A new variant of the coronavirus, identified as 20A.EU1 by researchers from Switzerland and Spain, was first observed in Spain in June.
Sergio Ermotti shares some advice as he delivered his last results as the boss of the Swiss bank UBS.
The world's largest wealth manager, UBS, reported a jump in net income to $2.1 billion for the third quarter, beating analyst expectations.
The city is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month.
Swiss voters rejected by a 63-37% margin a right-wing party's proposal to annul a pact with the European Union allowing the free movement of people.
Jan Jenisch was speaking to CNBC's "Squawk Box Europe".
Credit Suisse reported a 24% jump in net income from a year ago, despite a "challenging economic environment."