News

16.03.2017

Tech Giants support Google in the battle against FBI

After a Pennsylvania court ruled that Google has to hand over emails stored overseas in response to an FBI warrant, Apple, Amazon, Cisco, and Microsoft are supporting the Mountain View-based company. Google, Facebook, and other Silicon Valley giants backed Apple’s decision not to create an iPhone backdoor that would compromise the security of iOS. Now Apple is returning the favor by standing alongside Google in its fight against an FBI search warrant. Apple knows all too well what it’s like to battle with the FBI. Under CEO Tim Cook, Apple has also taken a broader pro-privacy stance, most famously refusing to code a backdoor into iOS so the FBI could access the iPhone 5c of San Bernardino shooter Syed Rizwan Farook and became embroiled in a legal battle with the bureau that went on for months.

 
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15.03.2017

Italy, Switzerland: another step together to discover "recalcitrant" account holders

Italian and Swiss tax authorities have signed an accord to improve the exchange of information to fight tax evasion, with Italy’s Economy Ministry on one hand and Switzerland’s Confederation’s Tax Administration on the other. The agreement, which took effect on March 2, aims to further enhance transparency following a previous accord which was introduced last summer, the italian ministry said in a statement on Tuesday.

 
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15.03.2017

Why Trump makes the case for emerging markets

Donald Trump’s first weeks as US president are turning out to be just as controversial as his bruising election campaign. A flurry of executive orders on border controls, trade and healthcare has dominated headlines, causing dismay and galvanising opposition.

 
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15.03.2017

EFG to discuss with BTG over final BSI price

EFG International is gearing up for a battle with Brazil's Grupo BTG Pactual SA over the value of BSI Bank, with the Swiss private bank now expecting to cut the purchase price by more than a quarter: it expects a downward adjustment of the estimated BSI purchase price of 277.5 million francs. The bank cautioned this was "subject to BTG's expected objection and, if necessary, verification by an independent expert". The private bank that bought BSI last year reported IFRS net profit of 339.3 million Swiss francs ($336.27 million) in 2016,  far ahead of the average estimate of 13.8 million in a Reuters survey of four analysts.

 
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15.03.2017

Dan Gramza on US Grains Markets in March – April 2017

Dan Gramza gives a brief review of the USA grains markets and their relationships with the EU grain markets.

 
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15.03.2017

EU Parliament revised gun law, will affect Swiss citizens

Controls on firearms in the European Union would be tightened under legislation approved by the European Parliament on Tuesday. The new rules would require member states to check whether deactivated weapons have been rendered permanently unusable. Such weapons are used legally on film sets or in theatre productions. The deactivated weapons must also be registered.  The directive also applies stricter controls to firearms designed to fire blanks. The European Commission had proposed to reform the firearms directive in November 2015 in the wake of the terrorist attacks in Paris.

 
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15.03.2017

Tag Heuer with Intel made new luxury smartwatch you can customize

Tag Heuer has followed its first Connected smartwatch with a new model that features a unique twist. The Swiss watchmaker is back with a new and highly-customizable model: the TAG Heuer Connected Modular 45, based on an Intel chip. Unlike the original Connected though, just about every part of the Modular 45 can be swapped, from the straps, to the buckles, and lugs, and even the watch module itself. That’s right, you can change the electronic module with a mechanical watch module, which not only gives you extra customization options, but it ensures that your expensive watch won’t become obsolete in just a few years.

 
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15.03.2017

Trump's 2005 tax showed by TV report

Donald Trump earned more than $150 million in the year 2005—and paid just a small percentage of that in regular federal income taxes. The documents show Trump and his wife Melania paying $5.3 million in regular federal income tax—a rate of less than 4%. Trump made a total income of $253 million in 2005, but wrote off $103 million in losses, according to the document, the first two pages of which were obtained by Pulitzer Prize-winning journalist David Cay Johnston and first shared on “The Rachel Maddow Show.

 
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14.03.2017

How Argentina is Succeeding to Make Renewable Energy Market Investor Friendly

A conversation with Mr. Pablo Castagnino, Secretary Embassy of Argentina in Brussels, Head of the Economic Section, about current and future development of renewable energy sector in Argentina.

 
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14.03.2017

San Francisco, where rent is the highest in the world

The top three most expensive cities to rent across the world are in the US – San Francisco, New York and Boston – closely followed by Hong Kong, the 2017 Rental Index, produced by British-based online realtor Nested, found. The company’s Rent Affordability Index (RAI) ranks 87 cities based on “current market listings for all locations,” from San Francisco to Dubai to Zurich. San Francisco has long had the highest rents in the country by almost every metric, but previous reports have declared the city more expensive than famously elite destinations abroad.

 
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