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Germany to open its doors as labour shortage bites
Germany to open its doors as labour shortage bites
Business and Economy
by  AFP

An apprenticeship at a steelmaker brought Steven Maillot from the French island of Reunion in the Indian Ocean to Eisenhuettenstadt in Germany, a stone's throw from the Polish border. - Trainee challenge - The model city of Eisenhuettenstadt, built under socialism to serve the steelworks, is a far cry from Reunion.

Sergio Ermotti back as UBS chief for Credit Suisse takeover
Sergio Ermotti back as UBS chief for Credit Suisse takeover
Business and Economy
by  AFP

Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday. UBS and Credit Suisse were both among the 30 banks around the world deemed too big to fail and therefore considered Global Systemically Important Banks.

Paul Newman's Rolexes celebrating his racing career up for auction
Paul Newman's Rolexes celebrating his racing career up for auction
Business and Economy
by  AFP

Two Rolexes that carried "sentimental" value for actor Paul Newman will be auctioned as part of a broad collection of the late icon's personal effects, with the timepieces each expected to earn up to $1 million. Another Rolex that belonged to Newman, who died in 2008, was sold by New York auction house Phillips for a staggering $17.8 million in 2017, a world record for a wrist watch. af-mlm/st

Hong Kong leads Asian markets higher on Alibaba boost
Hong Kong leads Asian markets higher on Alibaba boost
Business and Economy
by  AFP

Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six business groups. Alibaba is one of China's most prominent tech firms, with operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.