In a move poised to redefine the European financial landscape, SIX Exchange Group has announced its £225 million acquisition of Aquis Exchange PLC. The deal, structured as a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006, is expected to bolster SIX Exchange Group’s position across the continent. This acquisition underscores its […]
Sahara International Petrochemical Company (Sipchem), a prominent Saudi petrochemical player, has successfully completed its digital transformation journey by implementing SAP S/4HANA, a move aimed at enhancing operational efficiency and strategic decision-making. The transformation, undertaken in partnership with Wipro Limited, spans Sipchem’s operations across Saudi Arabia and Switzerland. Unified platform enhances capabilities The system, built on […]
Novelis Inc., a global leader in sustainable aluminum solutions and a subsidiary of Hindalco Industries, reported a challenging second quarter for the fiscal year 2025, ending September 30, 2024. Despite a 5% increase in net sales to $4.3 billion, boosted by strong aluminum prices and growing demand in beverage packaging, the company faced an 18% […]
Pangea Laboratory and Unilabs have announced a strategic collaboration to introduce the Bladder CARE Assay, an advanced non-invasive diagnostic tool for early detection of bladder cancer and Upper Tract Urothelial Carcinoma (UTUC), in Switzerland. This partnership represents a transformative step in oncological diagnostics within the region, offering a more patient-centric and effective solution compared to […]
Dr. Reddy’s Laboratories, the Indian pharmaceutical giant, has solidified its European ambitions with a monumental $620 million investment in its Switzerland-based subsidiary, Dr. Reddy’s Laboratories SA. This strategic injection of capital is set to transform the company’s European footprint, further fueling its expansion into the lucrative consumer healthcare market. At the core of this investment […]
In a grave incident following severe storms in southern Switzerland, a significant landslide in the Fontana area of the Maggia valley, near Locarno, has resulted in the deaths of two individuals and left one person missing. The region, primarily affected on Saturday and overnight into Sunday, witnessed extraordinary rainfall and storm conditions, particularly in the […]
In a landmark move within the global real estate market, Dynasty Global Investments AG (Dynasty) and BrickMark Group AG (BrickMark), both based in Zug, Switzerland, announced a pivotal agreement that will see Dynasty acquire a strategic stake in BrickMark. The transaction involves an investment of CHF 10 million as part of BrickMark’s Series A financing, […]
Tata Consultancy Services (TCS) has significantly upgraded the post trade platform for SIX, the operator of the Swiss and Spanish financial market infrastructures. This modernization effort has bolstered the resilience and robustness of the post trade market infrastructure, accelerating SIX’s position as a key player in the global securities services industry. Evolution of SIX’s Core […]
In a horrifying turn of events, a gunman unleashed terror in a southern Swiss town on Monday, resulting in two fatalities and leaving another person wounded. The assailant, currently at large, has triggered a widespread manhunt and put the local community on high alert. Deadly Shooting in Sion The tragedy unfolded in Sion, the capital […]
Boehringer Ingelheim announced its acquisition of T3 Pharmaceuticals AG (“T3 Pharma”), a Swiss biotech company specializing in immuno-oncology, for up to 450 million CHF. T3 Pharma’s innovative technology uses live bacteria to deliver immune-modulating proteins directly to cancer cells, advancing cancer treatment methodologies. Enhancing Cancer Immunotherapy Treatments Despite the progress in cancer treatments, long-term remissions […]