News

01.03.2017

Swiss Parliament extends ban on GMO cultivation

The ban on cultivation of genetically modified organisms (GMO) in Switzerland, which expires at the end of 2017, will be extended for another four years, until 2021. Today the Parliament have approved, by 32 votes to two with two abstentions, the relevant revised federal law on genetic engineering. The research will continue to be possible. A motion to extend it until 2025 was rejected. The House of Representatives had previously agreed the extension to 2021. With 25 votes against 18, the senators, contrary to the wishes of the Federal Council, decided that in Switzerland there will be no co-existence of GM and traditional crops.

 
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01.03.2017

HSBC under probe over tax fraud in India, other countries

Global banking giant HSBC has disclosed being probed by tax authorities in India, the US, France and Belgium, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families. Disclosing the "tax-related investigations" in its latest annual report published last week, HSBC further said it has set aside $ 773 million as a provision for various tax- and money laundering-related matters.

 
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01.03.2017

Credit Suisse, UBS in a Big Alliance to develope blockchain

JPMorgan, Microsoft, Intel, Accenture PLC and a large consortium of major players in tech and banking, including Credit Suisse, UBS, Bank of New York Mellon and Thomson Reuters, have joined hands to establish the Enterprise Ethereum Alliance (EEA), a new group  dedicated to developing Ethereum into an enterprise-grade Blockchain platform. The alliance connects Fortune 500 enterprises, startups, academics and technology suppliers with Ethereum subject matter experts to learn from and build upon Ethereum and to define standards for enterprise-grade implementations.

 
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01.03.2017

Swiss consumer sentiment gives positive impressions in January

Swiss private consumption is set to grow robustly over the coming months as households' economic and financial expectations have improved considerably, results of a survey by the UBS bank showed Wednesday. The UBS consumption indicator rose from 1.38 to 1.43 points in January and continues to signal solid growth in private consumption. Swiss consumers view the economic and financial situation with considerably more optimism than in the last quarter. New car registrations and domestic tourism have, however, fallen compared with the previous January. Economists had forecast a score of 1.5.

 
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01.03.2017

A decade to forget for savers

It is a decade since the start of the financial crisis. What started in the US housing market later engulfed the global economy and is having an enduring legacy on the UK – perhaps most notably on savers.

 
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01.03.2017

Youtube launches TV-service for $35-month

After many months of rumors, YouTube has officially announced its entry into streaming live TV. YouTube TV will let you access live and recorded content from major networks, both the big broadcast players as well as some options typically found on cable.  "Half the cost of cable with zero commitments" said the announcement. For $35 a month, YouTube TV will include live streaming of ABC, CBS, NBC, Fox, ESPN and about 30 of the biggest cable TV channels.

 
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28.02.2017

Brexit: new permanent permit for EU citizens are becoming hard

Some 28% of EU citizens who have applied for permanent residency in the U.K. since Brexit had their applications rejected or declared invalid, the Guardian reported Monday. In the last half of 2016, more than 12,800 EU citizens had their permanent residency requests rejected and a further 5,500 were declared invalid, analysis by the Liberal Democrats found. However, the Home Office said “applications can be rejected for a whole range of administrative reasons including where an application form has not being signed or failure to pay a fee.”

 
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28.02.2017

AirHelp, the new video-review

 
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28.02.2017

e-Commerce meets Fashion in Ticino: Carlo Terreni explains the importance of digital in fashion

 
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28.02.2017

Next-Generation: Private astronauts will fly around the Moon

SpaceX founder and chief executive Elon Musk announced on Monday a mission to send a pair of regular people around the moon by the end of 2018. Two private citizens, not astronauts, will fly in the Dragon 2 spacecraft, which will be launched by a Falcon Heavy rocket. Both the Dragon 2 capsule and the Falcon Heavy are still under development, and the first Falcon Heavy launch is expected sometime this summer. The two private citizens, who have not yet been named, approached SpaceX about taking a trip around the moon, and have "already paid a significant deposit" for the cost of the mission, according to a statement from the company. The names of the two individuals will be announced later, pending the result of initial health tests to ensure their fitness for the mission, the statement said.

 
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