ECONOMIC NEWS - Economy: Isabel Schnabel moves from the ECB to the International Monetary Fund
The latest news.
Isabel Schnabel will leave the European Central Bank's executive board on January 3, 2027, to become the International Monetary Fund's financial advisor. She will head the IMF's monetary and capital markets department. The IMF's chief, Kristalina Georgiewa, announced her appointment.
Siemens has received a €1.3 billion order from ÖBB-Infrastruktur AG to digitalize Austria's railway infrastructure. The deal involves introducing digital interlocking systems starting in 2030.
The UBS has agreed to pay €5 million to settle a case with the Dutch public prosecutor's office related to tax evasion.
Sunrise, a telecommunications provider, is planning a multi-year transformation that may involve cutting up to 450 full-time jobs.
Volkswagen has lowered its 2026 forecast due to a weak performance in China and costs associated with restructuring.
The Bank of Japan has raised its interest rate to 1.25%, the highest in 31 years.
RTL Deutschland and Sky plan to cut around 500 jobs by the end of 2027.
Helvetia Baloise, an insurance company, reported a higher-than-expected profit for the first half of the year.
France is extending fuel subsidies for farmers, construction workers, and fishermen until the end of the year.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
