Switzerland
As WEF gets underway, the list of world leaders not attending Davos speaks volumes
View ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024. Adam Galici | CNBC LONDON — It’s that time of year when the great and the good gather for the annual World Economic Forum in Davos, Switzerland. A slew of heads of state, politicians and business moguls are set […]
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Conflict, extreme weather and disinformation top global risks in 2025, Davos survey says
This picture taken from the Israeli side of the border with the Gaza Strip shows smoke plumes rising from explosions above destroyed buildings in the northern Gaza Strip on January 13, 2025 amid the ongoing war between Israel and Hamas. Menahem Kahana | Afp | Getty Images Risk specialists identified armed conflict, extreme weather and […]
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Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would […]
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Swiss wealth manager Lombard Odier indicted for money laundering
Key Points Lombard Odier — one of Switzerland’s oldest private banks — has been indicted by Swiss prosecutors for “aggravated money laundering.” In a release out on Friday, the Office of the Attorney General of Switzerland said it filed an indictment against Lombard Odier and a former employee of the bank at Switzerland’s Federal Criminal […]
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‘Coolcations’ had another big summer. Here are the places travelers went
Extreme temperatures are driving travelers to seek cooler destinations. And there’s a term for the trend: “coolcations.” Heat waves — which are increasing in frequency, duration and intensity, according to the U.S. Environmental Protection Agency — are affecting where people are choosing to vacation, especially during the hot summer months. “Often, when we think of vacation, […]
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U.S. named the worst spot for British families to go abroad. Here’s why
From recent graduates to rich experts, a lot of Brits are contemplating relocating abroad these times. And the motivating drive for many is distinct: money. Above fifty percent of British employees (52%) have thought of leaving the United Kingdom for greater performing prospects abroad, in accordance to the British human resources web site Employer News. […]
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Top 10 most expensive cities for expats in 2024
Hong Kong retained its pole position as the world’s most expensive city for expats in 2024, according to Mercer. Chunyip Wong | E+ | Getty Images Asia’s biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer. Hong Kong was ranked […]
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Credit score Suisse bondholders sue Switzerland in the U.S. around $17 billion writedown of AT1 debt
Critical Points A group of Credit Suisse bondholders filed a lawsuit in opposition to the Swiss government, seeking complete payment more than the contentious determination to generate down the unsuccessful bank’s More Tier 1 (AT1) personal debt. Law firm Quinn Emanuel Urquhart & Sullivan, which signifies the plaintiffs, on Thursday explained that it had filed […]
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Ukraine war live updates: Russia fumes at Kyiv inviting neighbors to peace summit; Moscow signals end to foreign adoption of kids
Russia pours scorn on Kyiv for inviting its neighbors to peace summit L-R: Azerbaijan’s President Ilham Aliyev, Turkmenistan President Serdar Berdimuhamedow, Russian President Vladimir Putin, Tajik President Emomali Rahmon and Belarusian President Alexander Lukashenko enter the hall during the Commonwealth of Independent States’ Head of States Meeting at the Ala-Archa State Residence on Oct. 13, […]
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Dubai bling: Billions of dollars worth of African gold is being smuggled into the UAE each year, research finds
A worker lifts a gold bullion bar from a conveyor machine at the Rand Refinery plant in Germiston, South Africa, on Aug. 16. 2017. Waldo Swiegers | Bloomberg | Getty Images DUBAI, United Arab Emirates — Each year, as much as $35 billion worth of gold produced by artisanal and small-scale mining in Africa — […]
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