News

17.08.2017

Brexit: UK plans to allow EU citizens to be visa-free

The U.K. will allow visa-free travel for EU citizens entering the country post Brexit, the Times reported Thursday, but would impose restrictions on their employment. According to the report, an anticipated plan by the Home Office on post-Brexit migration will add that there will be no extra curbs on EU citizens travelling to Britain through airports and ports.  But prospective employers will have to sponsor EU applicants by applying for permits issued by the government. The number of available permits will vary according to the sector, and the government may charge companies a fee to issue them.

 
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17.08.2017

Swiss Re: global catastrophes caused losses of $44 billion in first half 2017

Reinsurance firm Swiss Re has given a preliminary estimate for global economic and insured losses from natural and man-made disasters of just $23 billion for the first-half of 2017, which is down 36% on the prior year and 30% below average. Economic losses are estimated at just $44 billion, down from $117 billion in H1 2016. It’s another signal that reinsurance pricing is set to remain under pressure, as insured losses from catastrophes, man-made incidents and severe weather events come in well below (30%) the 10-year average of $33 billion meaning reinsurance capital levels will remain abundant.

 
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17.08.2017

Expert Commentary: Focus on US and EU economies

Eurozone inflation was stable in July and unemployment reached its lowest rate since February 2009. In your opinion, how that can impact the ECB's interest rates? I think that that the ECB might be happy about the growth outlook, but inflation is still looking really subdued. There is still some more slack in the economy, which would mean the European Central Bank is fairly patient and extremely gradual in its policy. 

 
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17.08.2017

Qatar sovereign wealth fund reduces stake in Credit Suisse

The Qatar Investment Authority (QIA) has reduced its shareholding in Credit Suisse Group to 4.94 percent, amid the Middle Eastern nation’s diplomatic crisis with neighbouring countries. The QIA previously held 5.01 percent in voting rights and is reporting a sale of shares for the first time since 2008. Qatar’s overall holding – including bonds which convert into equity if capital levels fall below a certain threshold – declined to 15.91 percent from 17.98 percent after a rise in the number of outstanding Credit Suisse shares because of its capital increase.

 
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16.08.2017

FCA chooses BMW-Intel alliance to develop self-driving cars

Fiat Chrysler Automobiles (FCA) is throwing itself into the autonomous vehicle race after years of watching its two Detroit rivals vie for leadership — and it’s doing it with formidable partners: BMW Group and Intel Corp. The Italian-American FCA is joining a team of companies that has worked to create a turnkey autonomous driving system. Along with the premium German automaker and the Silicon Valley chipmaker, the partnership also includes Mobileye NV, the Israeli camera and sensor company Intel acquired earlier this year for $15.4 billion.

 
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16.08.2017

Bill Gates makes largest donation of Microsoft stocks since 2000

Tycoon Bill Gates has made his largest gift since the turn of the century, giving away Microsoft Corp shares that accounted for 5 per cent of his fortune, the world's biggest. The billionaire donated 64 million of the software maker's shares valued at US$4.6 billion (S$6.26 billion) on June 6, according to a Securities & Exchange Commission filing released Monday. 

 
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16.08.2017

Swiss Life posted a larger-than-expected rise in H1

Swiss Life on Wednesday posted a larger-than-expected rise in half-year profit despite trimming back business in its core life insurance operations. Insurer Group reported that its first-half net profit increased 5% from last year to 524 million Swiss francs. Swiss Life said net profit rose 5 percent to 524 million Swiss francs ($538.8 million), ahead of expectations for 514 million francs in a Reuters poll of eight analysts.

 
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15.08.2017

Bitcoin flies over $4000, target price $5000 within 2018 is near

A month ago, a single Bitcoin was worth around $2,000. It has doubled in value since then. The price of bitcoin broke through $4,000 on Sunday, a new record, and has largely stayed above that level since, according to digital currency news site CoinDesk. The dramatic price rise marks the latest milestone in bitcoin’s stellar growth in 2017 — it’s already worth more than four times its value at the start of the year.

 
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10.08.2017

France: Tax system unacceptable for platform as Airbnb

The issue of tax in Europe does not seem to be a happy one when it comes to tech giants like Apple, Google, Amazon, and Facebook. According to France's new Finance Minister, Bruno Le Maire, France and Germany can harmonize their corporate tax rates by 2018, paving the way for full harmonization across the eurozone. Le Maire made the comments during a television interview with Bloomberg. When asked if he wishes to lower the corporate tax rate to 25 percent across all states in the eurozone, Le Maire replied that the Macron Government has decided first to reduce the level of taxation in France. He argued that the tax burden is "too high and too unstable."

 
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10.08.2017

Facebook launches Watch Tab, to play against traditional Tv

Facebook announced “Watch,” the long-awaited update to its video section where people can go watch short, episodic video shows. You’ll also be able to watch some live video here, including live sports that the social network has the rights to stream, like Major League Baseball games. Facebook already had a video tab. But now that tab has been redesigned, and will include short episodic “shows” that Facebook didn’t have before. Facebook is paying publishers like BuzzFeed, ATTN and Group Nine Media to make these shows, and will retain the rights to some of them. The majority of the shows, though, will be posted on Facebook free of charge. Some publishers plan to run mid-roll video ads, à la commercials, during the shows to make money.

 
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Events


Semptember 2015
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    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

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    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

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