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Swiss Space Systems aims for low-cost satellite service
A new Swiss-based company said Thursday it would offer low-cost satellite launches which it claims could be a quarter of current market rates. Swiss Space Systems-S3 said its goal was to offer launches for 10 million Swiss francs (8.1 million euros, $10.5 million) using unmanned suborbital spaceplanes that could carry…
UBS announces 3,500 job losses
Swiss banking giant UBS on Tuesday announced plans to shed 3,500 jobs in order to make savings of some 2 billion Swiss francs (1.8 billion euros, $2.5 billion). UBS aims to make the personnel cuts “through redundancies as well as natural attrition”, the bank said in a statement.…
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