UBS

California Launches Statewide E-Bike Voucher Program

4 months ago

California is launching a new program aimed at making e-bikes more accessible for state residents. This initiative includes the issuance of vouchers that will allow individuals to receive significant discounts when purchasing e-bikes. The program, dubbed the "California E-Bike Voucher Program," is designed to address climate change, reduce carbon emissions, and improve public health by encouraging the use of eco-friendly transportation.

California May Exclude Tesla from EV Rebate Program

4 months ago

In California, the largest electric vehicle market in the United States, a situation has arisen that may significantly impact the manufacturer Tesla. State authorities are considering the possibility of excluding the company from a subsidy program offered to electric vehicle purchasers. This decision stems from regulators' dissatisfaction that Tesla does not meet the established criteria for receiving government payments. Specifically, this involves price limits on vehicles and income levels for buyers.

JPMorgan and UBS Join Blockchain Project to Revolutionize Cross-Border Payments

6 months ago

Major banks such as JPMorgan Chase & Co. and UBS have announced their participation in an innovative project initiated by the Bank for International Settlements (BIS) aimed at transforming cross-border transaction systems using blockchain technology. This move is intended to simplify and expedite international money transfers, which currently often suffer from delays and high fees.

French Green Lobby Raises Alarm Over Subsidy Cuts for EVs and Housing

7 months ago

In France, discussions have erupted among environmental groups and business representatives regarding potential cuts to government subsidies that currently support the sale of electric vehicles and the development of eco-friendly housing projects. These measures have been implemented to encourage a shift towards cleaner technologies and improve the situation concerning climate change. However, the government is considering a budget overhaul that could impact current initiatives driving the green agenda.

UBS Unveils AI Tool for Rapid Analysis of 300,000 Firms

7 months ago

Swiss financial giant UBS has unveiled a new tool powered by artificial intelligence that can scan and analyze data on 300,000 companies in just 20 seconds. This revolutionary approach to data processing promises to significantly accelerate the investment decision-making process and enhance the efficiency of analysts' work.

Central Bank Urges UBS to Increase Capital Levels for Financial Stability

7 months ago

The head of the Swiss National Bank (SNB) has stated that UBS should consider increasing its capital reserves. This warning was made in an interview published in the Swiss newspaper Neue Zürcher Zeitung (NZZ). This recommendation comes in light of recent challenges faced by the financial sector following the pandemic and various market turmoil.

Egypt Keeps Rates High Amid Inflation from Subsidy Cuts

7 months ago

The Egyptian government has decided to maintain high interest rates to combat rising inflation caused by subsidy cuts. This decision by the central bank was made in the face of uncertainty stemming from the economic challenges confronting the country. Keeping the rates elevated aims to limit inflationary pressure and stabilize the economic situation.

ESPN Aims for a Post-Cable Future Starting with Football

7 months ago

ESPN, one of the leading sports networks globally, is actively adapting its business model to new realities in a post-cable television world. With the rapid rise of streaming services, ESPN is targeting the creation of a competitive platform that will appeal to new viewers, particularly the younger audience that increasingly shuns traditional TV subscriptions.

UBS Lowers China Growth Forecasts Amid Deepening Property Downturn

7 months ago

Swiss investment bank UBS has revised its forecasts for China’s economic growth, expecting further slowdown due to worsening conditions in the property market. Following a continued weakness in the real estate sector, UBS predicts that the country's GDP growth rate for 2024 will be 4.5%, a significant drop from the previously expected 5%. The bank also highlighted that declining real estate sales and the deteriorating financial position of developers create uncertainty in the business environment.