News

19.10.2017

Nestlé: results are in line with expectations

Nestlé, the world's largest food maker, reported an increase in real internal growth for the first nine months of the year but expects its trading operating profit margin to drop 40-60 basis points due to higher restructuring costs. The Swiss company said net divestments had a negative impact of 2.6% due to the creation of the Froneri joint venture. The Swiss consumer giant said Thursday it struggled in its largest market, the U.S., where it is trying to sell its confectionery business. Elsewhere, its ability to raise prices was limited by weaker currencies in some emerging markets.

 
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18.10.2017

Smartphone, texting when you drive is more and more dangerous

Using smartphone behind the wheel can be dangerous. Even a 2-second distraction can increase the risk of accidents by 20%, claims a study by driving analytics company Zendrive. The US-based study examined sensor data from more than 3 million drivers and 5.6 billion miles of trips and found that drivers are using their phones on 88% of their journeys. According to WHO (World Health organisation), car crashes accounts for 1.2 million people deaths and over 50 million disabilities every year.

 
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18.10.2017

Gender Gap is a hot topic also in research teams

Women are consistently underrepresented in scientific research positions—a disparity that is particularly egregious in computational fields. Now newly published research from Harvard Medical School reveals this gender gap extends to paper authorship with most papers that appear in peer-reviewed publications written by men. The study analyzed paper authorship by gender across several fields—computational biology, quantitative biology, biology and computer science. The analysis reveals that gender disparities in the interdisciplinary fields of computational and quantitative biology were worse than they were in biology—a relatively gender-balanced field—but better than they were in computer science, a decidedly male-dominated field.

 
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18.10.2017

Volkswagen targets emerging markets

Volkswagen has become one of the world’s biggest carmakers with a full range of makes and models, including highly engineered vehicles that compete with the world’s best. Now it is returning to its roots with a simpler people’s car, only this time the people are the teeming billions in China, India and other emerging markets. Volkswagen India's automotive offerings are actually over delivering for the Indian market, according to Steffen Knapp, director of passenger cars, Volkswagen India. As told to the Economic Times (ET), the company will now be looking to develop more region-specific offerings from sub brand Skoda Auto.

 
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18.10.2017

GADGETS: Panic room demand among VIPs is growing

In 2002, American director David Fincher directed thriller Panic Room. In the film, Jodie Foster and Kristen Stewart played mother and daughter who, in order to defend themselves from robbers, took refuge in a secure room built in their three-story villa. Today, protecting wealthy and famous people by building panic rooms has become a millionaire business. Industry magnates, actors, athletes and celebrities are increasingly choosing to have greater security added to their homes.

 
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18.10.2017

Swiss students team wins International Solar contest

Four Swiss universities came together to build the US Department of Energy’s 2017 Solar Decathlon overall winner. Eleven teams competed over the course of two years to build a home taking into account modern global demands of “reliability, resilience, and security.” The Swiss schools – École Polytechnique Fédérale de Lausanne, School of Engineering and Architecture Fribourg, Geneva University of Art and Design, and the University of Fribourg – scored perfect 100’s in energy, architecture and engineering categories. 

 
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18.10.2017

UBS is warning clients over Bitcoin's bubble

UBS thinks cryptocurrencies are in a "speculative bubble." There are over 1,000 cryptocurrencies, bitcoin being the biggest by market capitalization, and many have seen huge rises in value over the past few years. Bitcoin for example is up over 470 percent year-to-date. "We think the sharp rise in cryptocurrency valuations in recent months is a speculative bubble," UBS wrote in a white paper published last week.

 
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17.10.2017

Winterthur bars introduce secret code system to help women in the night

Winterthur is introducing a new code to help tackle sexual harassment, reported The Local. Anyone who feels unsafe or uncomfortable on a night out due to unwanted attention can simply approach a member of staff and ask, "Is Luisa there?". Staff can then take measures to help her, including involving security staff, taking her to a safe place or calling her a taxi. There are 10 participating establishments at present, with more expected to follow. 

 
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17.10.2017

Richemont's profits jumps in the first-half 2017

Luxury goods maker Richemont expects first-half net profit to rise by more than two-thirds, partly benefiting from the nonrecurrence of exceptional items. Swiss watchmakers are recovering from a severe downturn in demand, mainly due to a collapse of the Hong Kong market that had prompted the world's second-biggest luxury group to buy back excess inventory of unsold watches and cut jobs and replace almost all its brand chiefs.

 
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17.10.2017

Misreading the markets: the puzzling actions of central banks

During the last few months some central banks have done things which I applaud, while others have done things which I find both incomprehensible and incompetent. In the current climate, it’s easy to misread the markets.

 
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