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Carrefour opens first foreign supermarkets in Israel
Carrefour opens first foreign supermarkets in Israel
Business and Economy
by  AFP

French retailer Carrefour inaugurated on Tuesday 50 stores in Israel, becoming the first foreign supermarket chain with branches in the country whose residents struggle with a high cost of living. "We know that the expectations for Carrefour Israel are high, and we want to live up to those expectations...

UBS keeps Credit Suisse CEO for leadership team in merger
UBS keeps Credit Suisse CEO for leadership team in merger
Business and Economy
by  AFP

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join its leadership team following the takeover of its fallen domestic rival. Koerner will be the only top manager from Credit Suisse to join the executive board after the bank is absorbed by UBS, which expects the mega merger to be wrapped up "in the next few weeks".