Nine months after the historic referendum in which the UK population voted to leave the European Union, the UK government has at last served notice to quit. Theresa May yesterday signed the letter that will formally begin the UK’s departure from the European Union, starting a process which will eventually make clear how the country will trade with the EU and the rest of the world. Since the Brexit vote last summer, the UK life sciences sector have been seeking answers as how it can trade and collaborate with Europe, and continue to flourish as a centre for science and innovation.
Switzerland ranked 21th in the Tobacco Control Scale report, back from 18th in 2013. The report is published once every three years, the last one, which was referring to 2013, being made available in 2014. The 2016 Tobacco Control Scale was launched on March 23 at the 7th European Conference on Tobacco or Health (ECToH). It presents the results of the development and implementation of tobacco control policies in 35 European countries, using a tool called Tobacco Control Policy Scale.
A US court imposed a sentence on a Deutsche Bank unit Tuesday for its role in an interest rate rigging scheme, two years after the bank reached a $2.5 billion settlement with British and US authorities. The development closed a minor chapter in the legal woes facing the German banking giant, which has rushed to resolve multiple cases with US officials in recent months and still reportedly faces an investigation over possible money laundering.
BlackRock, the world’s largest fund company, will rely on robots to do its stockpicking. The $5.1 trillion asset manager announced on Tuesday that they will be restructuring the business to offer cheaper quantitative stock funds driven by computer models. The change impacts about $30 billion in assets under management, including $30 million in annual fee-related dollars, says Jefferies analyst Daniel Fannon. Fannon says that while the scale of the reorganization is surprising, the change makes sense in the context of the firm's struggle to draw active stock assets. This means that traditional stock-pickers will be replaced, with reports indicating that 40 jobs are on the line in the shake-up, with Blackrock earmarking $25 million in severance and bonuses to those affected.
The UK could be left without any flights to and from Europe after Brexit, Ryanair has warned. The low-cost airline said aviation should be treated as a matter of urgency in Brexit negotiations, as summer schedules for 2019 must be finalised by March next year. The Dublin-headquartered company, which operates more than 1,800 flights to over 200 destinations in 33 countries daily, urged the UK Government to “put aviation at the forefront of its negotiations with the EU and provide a coherent post-Brexit plan,” said Ryanair’s Kenny Jacobs in a statement.
The merger between the Deutsche Börse and the London Stock Exchange has been vetoed by the European Commission because of competition concerns, ending a third attempt in 17 years to unite the financial hubs of London and Frankfurt. In a statement on Wednesday, EU Competition Commissioner Margrethe Vestager said Britain's decision to leave the 28-nation bloc had played no role in banning the tie-up.
Total economic losses from natural catastrophes and man-made disasters amounted to $ 175 billion in 2016, almost twice the $ 94 billion seen in 2015, the latest sigma study from the Swiss Re Institute says. The losses in 2016 - both economic and insured - were the highest since 2012 and reversed the downtrend of the last four years. This was due to a high number of sizable disaster events, including earthquakes, storms, floods and wildfires in 2016, across all regions. Some events struck areas with high insurance penetration, which accounted for the 42% increase in insured losses. That also means that many people in those areas were better equipped to recover from the shock of a disaster, for example with prompt settlement of their insurance claims.
Around the time of the S&P 500’s launch in 1957, a remake of the Hollywood musical Anything Goes opened in cinemas across America. The movie featured Cole Porter’s eponymous song, which began with the words “Times have changed”.
Startups in the music industry are nowadays flourishing, trying to answer some of the questions that the same technology that allows their existence is posing. Data security, secondary ticketing, royalties, hit songs: every topic has someone covering it in more or less successful ways. The social media help ask these questions but also spread the word about these startups, while many of them get a kickstart from incubators. Marketplus will run a special in the following weeks regarding these startups. This week Marketplus will look into GUTS, a company developing a platform for the sale and resale of tickets to shows and events, using the blockchain technology. In the Netherlands, where GUTS is based, the live music industry is expanding, according to advisors DDMCA and the number of visitors to concerts and festivals grew from 1.6 to 2.9 million people from 2011 to 2016, while the revenues went from 46 to 140 million euros.
Alla fine del 2016 il Gruppo d’azione finanziaria (GAFI) ha pubblicato il quarto rapporto di valut
MiFID II represents a fundamental change for financial markets across a range of areas, requiring no
The Silicon Valley meets Switzerland event masterfully combines the talent and expertise of entrepre
The Conference for the Financial
The European Gold Forum is the Continent’s oldest and largest gathering of precious commodity equi
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