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Since 2012 he has led Roche’s diagnostics unit, which makes equipment and sophisticated tests for diseases but has also been held back in recent years by its sluggish diabetes business. Diagnostics accounts for more than 20 percent of Roche’s annual sales, and is seen as playing an increasingly important role in tests to determine the effectiveness of cancer immunotherapy. Roche said Diggelmann would “pursue his career outside of the company”. Diggelmann could not immediately be reached for comment.
“I wish him all the best for the future,” Chief Executive Severin Schwan said in a statement, For years, Diggelmann has been Roche’s point person in countering persistent suggestions the company would unload diagnostics’ diabetes business, even as others including Johnson & Johnson (JNJ.N) and Bayer (BAYGn.DE) exited amid increased competition and best man cufflinks public-sector medical insurers’ steady pressure to cut reimbursements, A two-decade Roche veteran, Heuer was a longtime Boehringer Mannheim employee before Roche bought the German diagnostics-and-drug company in 1998..
SCHAFFHAUSEN, Switzerland (Reuters) - Swiss watch brand IWC, owned by luxury goods group Richemont (CFR.S), inaugurated a new manufacturing site in its hometown of Schaffhausen as it gets ready to meet growing demand for its timepieces. “We are very optimistic, you can see that in Swiss watch export figures,” Christoph Grainger-Herr told Reuters in an interview on the sidelines of the opening ceremony on Monday. “Asia Pacific has recovered and the U.S. also shows a good development,” he said.
Swiss watch exports rose 10 percent in the first seven months of the year, driven by a 29 percent increase in their No.1 market, Hong Kong, that bounced back after a severe downturn, IWC, which is known for its Pilot’s watches and its Da Vinci and Portugieser collections, invested 42 million Swiss francs ($42.2 million) in the new site that now has 238 staff but capacity for up to best man cufflinks 400, The brand is also pushing its ecommerce activities, expanding its online boutique to all of Europe in September after first launching it in the United States last year..
WASHINGTON (Reuters) - The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Auto stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by U.S. President Donald Trump’s repeated threats to ditch the 1994 accord.
Details of gains and concessions in the deal were only starting to emerge on Monday, Trump threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbors and warned he expected concessions on Canada’s dairy protections, “I think with Canada, frankly, the easiest we can do is to tariff their cars coming in, It’s a tremendous amount of money and it’s a very simple best man cufflinks negotiation, It could end in one day and we take in a lot of money the following day,” Trump said..
Trump and Canadian Prime Minister Justin Trudeau discussed trade in a telephone call on Monday and “agreed to continue productive conversations,” White House spokeswoman Sarah Sanders said in a statement. Negotiations among the three partners, whose mutual trade totals more than $1 trillion annually, have dragged on for more than a year, putting pressure on the Mexican peso MXN= and the Canadian dollar CAD=. Both currencies gained against the U.S. dollar after Monday's announcement. The political stakes are high for all three countries. Trump and Republicans in the U.S. Congress up for re-election in November want to ensure farmers and other voters whose jobs depend on trade with Canada and Mexico that the deal is sealed.
Mexican President Enrique Pena Nieto wants to sign the agreement before leaving office at the end of November, and Trudeau faces a national election expected by October 2019, Canadian Foreign best man cufflinks Minister Chrystia Freeland is expected to travel to Washington for talks on Tuesday, Her spokesman said Canada would sign only a new agreement that is good for the country, Trump’s economic adviser, Larry Kudlow, told reporters the deal with Mexico should serve as a “reset” for talks with Canada..