US Federal Reserve chairwoman Janet Yellen during her monthly news conference yesterday in Washington, DC. US stocks advanced yesterday, sending the S&P 500 Index above a record closing level, after the Fed pledged to keep borrowing costs low for a “considerable time” after its asset-purchase programme ends. Photograph: Mark Wilson/Getty Images

Hopes that the world’s central bankers will continue to support economic recovery gave European markets their first lift in nine days yesterday. (...)

Swatch chief executive Nick Hayek: said new watches might allow the wearer to count the number of steps they take and calories they burn. Photograph: Reuters/Denis Balibouse

Swatch Group is happy to go it alone with a launch next year of watches with smart features to compete with so-called wearable gadgets from the big te(...)

The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protes(...)

Swiss national flags hang from buildings in a shopping district in Zurich. Photographer: Chris Ratcliffe/Bloomberg

Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Swit(...)

 Tiffany has reported a net loss of $104 million, or 81 cents a share, for the fourth quarter compared with a net profit of $179.6 million, or $1.40 a share, for the same period a year earlier. Photographer: Craig Warga/Bloomberg

A hefty one-off charge following a legal battle with Swatch took the shine off fourth-quarter results for Tiffany & Co, despite the US jewe(...)

 Swatch watches: Tiffany was ordered to make a payment of about 400 million francs to Swatch in December

Swatch Group AG, the biggest maker of Swiss watches, said it expects “healthy” growth this year after 2013 earnings rose 17 per cent, boosted by compe(...)

Investors have been buying Ryanair since Monday, when it announced a third-quarter loss that was in line with predictions, and signalled that a strategic shift commenced in September is beginning to find favour with travellers.  Photograph: Eric Luke

Some optimism returned to European markets as stocks advanced for the first time in four days.Despite a period of misery, stretching back to January 2(...)

Swatch – whose brands range from the cheap plastic watches that gave the group its name to pricey Omega and Breguet timepieces – has fared better than rivals.

Swatch, the world’s biggest watch maker, expects double-digit sales growth this year on the back of stronger demand in China, easing concerns of a dow(...)

Bugatti Veyron. Total loss: €1.70bn. Loss per car: €4,617,547

You probably don’t want to admit how much money you’ve lost on cars over the years. Neither does the car industry, but the amounts its biggest mistake(...)

The Crash Reel
The Crash Reel

In 2008, 20-year-old snowboarder Kevin Pearce claimed back-to-back victories in the annual Arctic Challenge and the Swatch World Tour Championship. By(...)