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health insurance costs rise as widow pension reforms spark controversy

ÖKK offers the cheapest basic health insurance premiums for 2025, while Helsana leads in alternative models. The Federal Council plans to reform widows' pensions, limiting them until children turn 25. Meanwhile, 3,000 North Korean soldiers are reportedly training in Russia, and Rudolph Giuliani must relinquish luxury assets to settle a $150 million damages claim.
Tages-Anzeiger
Swiss Franc Swiss Federal Railways (Schweizerische Bundesbahnen) Helsana ÖKK Holding AG KOR CHE RUS DEU Rudolph Giuliani Roberto Martullo Magdalena Martullo-Blocher Lauren Bacall Steiner Pascal Show more
Finance & Economy, News Article
17:00 23.10.2024

wayve technologies launches ai test drives in san francisco area

Wayve Technologies Ltd., a UK startup backed by SoftBank, has launched AI test drives in San Francisco, marking its first road trials outside the UK. The company, which has raised over $1 billion this year, has opened a new office in Sunnyvale, California, to facilitate its driver-assistance system testing in the Bay Area.
bloomberg.com
British Pound Sterling Wayve Technologies Ltd. SoftBank Group Corp. GBR
Technology & Innovation, News Article
17:00 23.10.2024

roberto martullo acquires traditional shoe manufacturer kunzli with transition plan

The healthcare industry has reached a wage proposal agreement, while Israel intensifies its military actions against Hizbullah in Lebanon, leading to a worsening humanitarian crisis. In other news, the Swiss Farmers' Association supports expanding national roads despite the loss of cultivated land, and entrepreneur Roberto Martullo is set to acquire the shoe manufacturer Künzli, with the transition overseen by previous owner Barbara Artmann until mid-2025.
Neue Zürcher Zeitung
United States Dollar Vancouver Canucks LP Credit Suisse Anlagestiftung MAN Energy Solutions Schweiz AG TUR PRK LBN CHE DEU Elisabeth Baume-Schneider Roberto Martullo Pierre Alain Schnegg Markus Ritter Show more
Healthcare, News Article
17:00 23.10.2024

AI stock shows signs of recovery and breakout potential according to expert

Options trader Zhang indicates that this AI play has reached its lowest point and is now poised for a breakout. Investors are advised on strategies to capitalize on this potential upward movement.
CNBC
N/A USA Zhang Zhang
Finance & Economy, Market Report
16:59 23.10.2024

Hindustan Unilever plans separation of low margin ice cream business

Hindustan Unilever's CEO Rohit Jawa announced plans to separate the company's ice cream business, which includes brands like Kwality Walls, Cornetto, and Magnum. He noted that while the ice cream sector is high growth, it requires significant investment and operates on low margins, with limited synergies with the grocery business. This decision aligns with Unilever PLC's earlier announcement regarding the separation of its global ice cream operations.
Moneycontrol
Unilever PLC Hindustan Unilever Limited IND Rohit Jawa Unilever PLC
Finance & Economy, Market Report
16:57 23.10.2024

central banks urged to overcome stigma around liquidity facilities

Bank of England Deputy Governor Sarah Breeden emphasized the need to eliminate the stigma surrounding central bank liquidity facilities. Speaking in Washington, she warned that viewing these tools solely as crisis management could hinder their effectiveness, a sentiment echoed by S&P Global Ratings.
bloomberg.com
S&P Global Ratings GBR Sarah Breeden
Finance & Economy, Market Report
16:57 23.10.2024

brics faces skepticism as china and india struggle for cooperation

Jim O’Neill, the economist who coined the BRIC acronym, criticized the BRICS group for achieving little over the past 15 years, stating that its potential to challenge the U.S. dollar is unrealistic as long as China and India remain divided. He expressed concern over the group's aspirations to be a global economic alternative, likening it to fanciful thinking. Meanwhile, Russian President Vladimir Putin is using the BRICS summit to showcase Russia's growing ties with Asian powers amid Western isolation efforts due to the Ukraine conflict.
Moneycontrol
United States Dollar The Goldman Sachs Group, Inc. Reuters Ltd. BRA IND RUS CHN Jim O'Neill Vladimir Putin Show more
Finance & Economy, News Article
16:57 23.10.2024

next era energy explores restarting iowa nuclear plant amid data center demand

NextEra Energy's CEO, John Ketchum, announced strong interest from data center customers in restarting the Duane Arnold nuclear plant in Iowa, which ceased operations in 2020. The company is conducting engineering assessments and collaborating with the Nuclear Regulatory Commission to evaluate a potential recommissioning, emphasizing the plant's simpler design and long-term asset value. As electricity demand surges, particularly from tech giants, nuclear power is gaining traction for its reliable, carbon-free energy supply.
CNBC
United States Dollar Holtec International NextEra Energy, Inc. Amazon.com, Inc. Alphabet Inc. Microsoft Corporation USA John Ketchum Show more
Technology & Innovation, News Article
16:56 23.10.2024

gold and silver prices soar to record highs amid wedding season demand

Gold and silver prices have reached new all-time highs in the national capital, driven by strong demand during the wedding season. Gold surged to Rs 81,500 per 10 grams, while silver climbed to Rs 1.02 lakh per kg, reflecting a Rs 10,000 increase in silver over the last six trading sessions. Factors such as seasonal demand, geopolitical tensions, and expectations of US rate cuts have contributed to this bullish trend in the bullion market.
Moneycontrol
United States Dollar Indian Rupee LKP Securities Ltd. SKI Capital Services Ltd. Multi Commodity Exchange of India Limited All India Sarafa Association IND Narinder Wadhwa Jateen Trivedi Show more
Finance & Economy, Market Report
16:55 23.10.2024

eurozone central bank blocks climate finance plan for developing nations

The European Central Bank (ECB) has blocked efforts by the African Development Bank (AfDB) and Inter-American Development Bank (IDB) to secure special drawing rights (SDRs) from Eurozone nations for climate finance, citing legal incompatibilities. Despite support from France and Italy, Germany opposes reallocating SDRs, which the ECB views as a risk to financial stability. Economists suggest that direct allocation of SDRs to multilateral development banks could be a solution, but achieving the necessary consensus within the IMF remains challenging.
Climate Home News
United States Dollar Euro Jamaican Dollar IMF Managing Director Kristalina Georgieva Poverty Reduction and Growth Trust International Monetary Fund FUND African Development Bank European Climate Foundation Inter-American Development Bank International Organization Jamaica Barbados prime minister Center for Global Development Resilience and Sustainability Trust European Central Bank Legal Entity of Public Law DEU Vera Songwe Kristalina Georgieva Christine Lagarde Akinwumi Adesina Mark Plant Show more
Finance & Economy, News Article
16:55 23.10.2024
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