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ABB invests in Engineering Software Steyr (ESS) to reduce costs and emissions for automotive paint shops

ABB has entered into a strategic collaboration with Austria-based Engineering Software Steyr GmbH (ESS) to develop powerful simulation tools that will transform automotive paint...

ABB acquires Solutions Industry & Building to expand its cable protection systems

ABB announced today it has acquired Solutions Industry & Building (SIB), a leading manufacturer of construction industry building products and premium cable glands used...

Santander and Pemberton agree strategic partnership to launch Invensa, a global inventory management and solutions platform

Santander Corporate & Investment Banking (“Santander CIB”), Santander’s global division that supports corporate and institutional clients, and Pemberton Asset Management (“Pemberton”), a leading European...

Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re Institute

Global life insurance premiums are forecast to grow at an annual rate of 3% in 2025 and 2026, more than double the rate of...

Swiss Re reports a net income of USD 2.2 billion for the first nine months of 2024

Swiss Re reported a net income of USD 2.2 billion and a return on equity (ROE) of 13.4% for the first nine months of the year. The...

The European Space Agency’s Harmony mission to benefit from advanced ABB infrared instruments

ABB has been selected by the German space and technology company OHB System AG to develop and build the thermal infrared payloads for the...

UBS Switzerland AG’s 2024 third-quarter results

UBS Switzerland AG today published its third-quarter 2024 financial and regulatory key figures. The financials are available under “Holding company and significant regulated subsidiaries...

Swiss Re agrees to sell iptiQ’s European P&C business to Allianz Direct

Swiss Re agrees to sell iptiQ's European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct,...

Santander reports profit of €9,309 million (+14%) for the first nine months of the year

Santander achieved an attributable profit of €6,059 million in the first half of 2024, up 16% in current euros versus the same period last year, as...

From TikTok to the world: Santander creates the first band born on social media with Generation Z

The “Louder Together” initiative, which Santander launched on TikTok to find the five most talented musicians on social media and form an urban band...

UBS International Pension Gap Index: Voluntary savings matter

The International Pension Gap Index , published by UBS Global Wealth Management’s Chief Investment Office, analyzes the mandatory part of 25 retirement systems, focusing...

SCOR investment partners launches SCOR real estate loans V, dedicated to value-add projects

SCOR Investment Partners, the asset management subsidiary of leading reinsurer, SCOR Group, announces the launch of SCOR Real Estate Loans V, the fifth vintage...

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Global conflict, Environment and Disinformation are the top threats in 2025: Report

Geneva, Switzerland – The World Economic Forum’s 20th edition of the Global Risks Report, published today, highlights an increasingly fragmented global landscape where mounting geopolitical,...

US inflation rises to 2.9% in December

In a key economic development, the annual consumer inflation rate in the United States rose to 2.9% in December, according to the latest data...

Swiss Re proposes new members for election to the Board of Directors

Zurich, 15 January 2025 – Swiss Re's Board of Directors proposes Morten Hübbe and George Quinn for election as new members of the Board...

ABB India celebrates its 75th anniversary

ABB India marks 75 years of operations, a journey underscored by technological innovation, sustainable solutions, and significant contributions to India’s industrial and social development....