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By: Farah Ghouri

  • General Electric to freeze $14bn pension pot for 2,700 UK staff

    June 10, 2021

    General Electric Co will freeze pension benefits for around 2,700 UK employees from January 2022 and take a related charge, the company announced today. GE’s pension benefit obligation in the UK was about $14bn at the end of 2020.  GE’s pension plan has been closed to new entrants in the UK since September 2011. At [...]

  • Switzerland heads for Brexit-like EU clash with €227bn at stake from today

    May 26, 2021

    From today, Swiss medical-technology companies will no longer be allowed to export duty-free to the European Union as Bern and Brussels failed to agree to a long-anticipated political treaty that would cover trade between the two countries. The goods-trading relationship at risk is worth $278bn, with medical-technology companies being the latest casualty of a deteriorating [...]

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