The Board of Directors of UBS Group AG will nominate Colm Kelleher as new Chairman and Lukas Gähwiler as Vice Chairman for election to the Board at the Annual General Meeting on April 6, 2022

Lukas Gähwiler to be nominated for election to the UBS Board of Directors as Vice Chairman The Board of Directors of UBS Group AG will nominate Colm Kelleher as new Chairman and Lukas Gähwiler as Vice Chairman for election to the Board at the Annual General Meeting on 6 April 2022. If elected, Colm Kelleher … More The Board of Directors of UBS Group AG will nominate Colm Kelleher as new Chairman and Lukas Gähwiler as Vice Chairman for election to the Board at the Annual General Meeting on April 6, 2022

Ford Scraps Plan to develop an Electric Vehicle with Rivian

The auto makers mutually decided to focus on their own projects, backing away from an earlier strategic pact. By guest author Mike Colias from the Wall Street Journal. Ben Foldy contributed to this article. Ford Motor Co. and Rivian Automotive Inc. RIVN have decided to go their separate ways rather than collaborate on future electric … More Ford Scraps Plan to develop an Electric Vehicle with Rivian

EU Rail transport severely impacted by COVID-19 in 2020

As a result of strict precautionary measures and a reduced number of trains in operation since March 2020, rail transport reduced significantly in the EU. Freight transport was impacted by those restrictions to a much lesser extent than passenger transport, which almost halved between 2019 and 2020 (-46%) reaching 223 billion passenger-kilometres. Particularly significant were … More EU Rail transport severely impacted by COVID-19 in 2020

EU Household expenditure takes 8 % hit in 2020

In 2020, household consumption expenditure in the EU decreased by an unprecedented  8% in 2020 compared with 2019. This is the largest annual reduction recorded since it has been measured and it is due to the effects of the COVID-19 pandemic. Social distancing measures, government restrictions imposed on the movement of people and non-essential economic … More EU Household expenditure takes 8 % hit in 2020

The McKinsey Week in Charts

Pandemic now an ‘also-ran’ in economic worries Inflation and supply-chain disruptions have overtaken the COVID-19 pandemic itself as the biggest potential hindrance to domestic and corporate growth, according to executives in the latest McKinsey Global Survey. Only a quarter of respondents now say the pandemic is the most significant risk to domestic growth in their … More The McKinsey Week in Charts