"Constructive tensions" in E.U.-Swiss negotiations, says State Secretary Roberto Balzaretti "Constructive tensions" in E.U.-Swiss negotiations, says State Secretary Roberto Balzaretti "Constructive tensions" in E.U.-Swiss negotiations, says State Secretary Roberto Balzaretti
Roberto Balzaretti, State Secretary and head of the Directorate for European Affairs (DEA), gives his first interview since being appointed on February 1. As negotiations on a framework agreement between the European Union and Switzerland are taking place, he tells CNNMoney Switzerland “a specific relationship” between the two powers “should be possible.” However, he recalls the reality of the trade relationship: "For us it’s vital; for the EU it’s a very important one." Balzaretti also discusses Brexit, foreign judges, stock market equivalence, and the role SMEs could play in the discussion.
Ana Maria Montero
Elton John at Montreux Jazz: more artistic coup than moneymaker
Sir Elton John’s choice of a stadium over the Stravinski Hall for his Montreux Jazz Festival show led the organization to embark on a first, according to Director Mathieu Jaton. They will co-produce the performance with American entertainment giant AEG and Elton John’s management, a risk that Jaton is hoping will pay off.
Hannah Wise
“I’m quite anti-quotas,” says Zurich Insurance chairman
Zurich Insurance Chairman Michel Liès feels strongly that there should be diversity on company boards, saying they should reflect the company’s clients and the world around it. However, he feels just as strongly that quotas are not the way to go.
Hannah Wise
Zurich Chairman Liès: Digitalization is destruction and opportunity
Zurich Insurance chairman Michel Liès knows that digitalization is shaking up his industry. The insurance veteran goes so far as to say it is “destroying” the solidarity that lies at its core. But he adds that digital transformation also presents an opportunity to better understand the risk before the claims process has even started.
Ana Maria Montero
How Europe can counter China on artificial intelligence
China may have unlimited access to its own data, but according to Jürgen Schmidhuber, scientific director of Swiss AI Lab IDSIA, Europe has the ammo to compete. The solution? Basic economics: Create, for instance, a healthcare market where every patient can become a micro-entrepreneur of their own data.
Ana Maria Montero
The place to be for AI? Switzerland, argues Jürgen Schmidhuber
You may not know him but Google, Amazon, Microsoft, Facebook, and Apple sure do. His speech- and voice-recognition algorithms power devices from Siri to Alexa to many smartphones in between. Jürgen Schmidhuber is his name and Lugano is where he works to take artificial intelligence to the next level.
Martina Fuchs
We’d be a “target for activists” without Vekselberg, says Oerlikon chairman
With CHF 700 million in cash, Oerlikon could be under pressure to make acquisitions. But its anchor shareholder, Viktor Vekselberg’s Renova, protects the Swiss industrial giant from activist investors, as Oerlikon chairman Michael Süss explains.
Martina Fuchs
How a Swiss company plans to take 3D printing to space
3D printing is a game changer and real opportunity for Swiss manufacturing, says Michael Süss, chairman of Swiss industrial heavyweight Oerlikon. “The strategy is simply to surf on the wave,” explains Süss. Find out how he plans to take the technology to space.
Martina Fuchs
The Global Fund responds to criticism around its withdrawal practices
What happens when a nation loses crucial medical treatment and support? Peter Sands, executive director of the Geneva-based Global Fund, admits there are sometimes “transition issues” when the NGO withdraws from countries but that governments need to step up to fill the void.
Martina Fuchs
Global Fund: Political will is the biggest challenge in the fight against AIDS, TB, and malaria
The Global Fund can make the world free of AIDS, tuberculosis, and malaria by 2030. But political will is the biggest obstacle in reaching the goal, says Executive Director Peter Sands. Back in January, the organization with celebrity support from Bill Gates and Bono announced its goal of raising $14 billion in three years to help end the epidemics.
Ana Maria Montero
Breitling bets on livestreaming amid new “customer-centric” approach
Breitling hasn’t yet revealed if it will be at Baselworld 2020, but CEO Georges Kern says the watchmaker will hold more so-called “Breitling summits” for journalists and retailers. Livestreaming the events and shipping products promptly are also part of the plan to be more consumer focused.
Ana Maria Montero
Thierry Stern: Baselworld without Patek and Rolex would be a “disaster”
Tech giants like Apple may be taking a bite out of the watch market, but that doesn’t bother Thierry Stern, the president of luxury watchmaker Patek Philippe. He does, however, worry about the future of Baselworld, especially if his firm and Rolex don’t attend in 2020.
Ana Maria Montero
Is it make-or-break time for Baselworld?
A vision for Baselworld 2020 and beyond—including a new digital approach—will be unveiled by Managing Director Michel Loris-Melikoff tomorrow. But will this be enough to secure the long-term future of the world’s best-known watch fair and convince big names like Swatch to return?
Ana Maria Montero
“The time for negotiation with the EU is over,” says Raymond Loretan
As a man who sits on many boards, Raymond Loretan, head of the Grand Prix d’Horlogerie de Genève, knows about strong leadership. When it comes to Switzerland’s framework agreement with the EU, he says that a “lack of leadership” is to blame for not getting the deal done.
Ana Maria Montero
Raymond Loretan’s “Oscars for watches” may transform the industry
Even though the Grand Prix d’Horlogerie de Genève, the annual awards ceremony for watchmaking, is in its 19th year, few outside the industry are aware of it. Raymond Loretan, head of GPHG, plans to change that by turning the event into the “Oscars for watches” and bringing its glamour to the entire world.

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