News

29.11.2017

The Swiss village where you can earn money to live

A tiny Swiss village threatened with extinction after an exodus of residents has come up with a novel way of turning around its fortunes. Albinen, a picturesque village near Leukerbad in Valais, has seen its population shrink to just 240. The local school has been forced to close and many of the houses in the village are used as holiday homes, laying empty for much of the year. As a result, local residents have demanded that the council do something to help reverse the decline and ensure the village’s future.   

 
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29.11.2017

Swiss consumer confidence: October remains stable

Switzerland's consumption indicator remained broadly unchanged in October but suggested that private spending is growing at a solid pace in the fourth quarter, the UBS investment bank said Wednesday. The indicator inched up to 1.54 points in October from revised 1.51 in September. New passenger car registrations and domestic tourism improved in October. By contrast, the index of consumer confidence measured by the State Secretariat for Economic Affairs stagnated. In October it was -2 points, virtually unchanged from the previous quarter's -3.

 
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29.11.2017

Nestlé landed in Cuba with a $55 million factory

Nestlé is investing 54 million Swiss francs ($55 million) to construct a new factory in Cuba, which will employ 260 people by its third year, it said Wednesday. The Swiss company said that the site will produce its coffee brand Nescafe, Cuban coffee Serrano, Nestle Fitness cereal snacks, powdered beverage Nesquick and Maggi-brand cooking aids.

 
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29.11.2017

Bitcoin in the History, hits $10000-wall

Bitcoin hit the $10,000 mark for the first time Nov. 28, passing the milestone on several exchanges and indexes. When you consider the digital currency’s rapid growth, you might think that people who say a single bitcoin could be worth $50,000 in the next decade might be onto something. After a day of tepid approaches toward the total, the price of bitcoin rose above $10,000 on CoinDesk's Bitcoin Price Index (BPI) for the first time in history on Tuesday.

 
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29.11.2017

Norway's wealth fund decided to invest in people

After focusing on industries such as coal and weapons, Norway’s $1-trillion sovereign wealth fund is turning its attention to fashion. Together with UNICEF, the world’s biggest wealth fund is setting up a network with some of the top fashion companies to improve children’s rights, whether they are exploited in the production of garments and shoes or impacted by the industry in other ways.

 
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28.11.2017

Billionaire hedge fund manager says Bitcoin could hit $40000 in December 2018

Former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. On CNBC’s Fast Money, Novogratz expressed his optimism towards both bitcoin and Ethereum in the mid-term. Novogratz, who has predicted the price of bitcoin to achieve the $10,000 mark before the end of 2017, stated that bitcoin price will quadruple by the end of 2018, and the price of Ether, the native cryptocurrency of Ethereum, will triple in value.

 
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28.11.2017

Black Money: Swiss panel gave OK for exchange data with India

In a big thrust to the Indian government's crackdown on black money inside and outside the country, a key parliamentary panel in Switzerland has approved an automatic information exchange pact between the two countries.  India had sought an approval from Switzerland to get an instant access to the details on Indians with accounts in Swiss banks.

 
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28.11.2017

TSMC: the biggest name you’ve never heard of?

When Morris Chang set up Taiwan Semiconductor Manufacturing Co (TSMC) back in 1987, it was only two years after Microsoft had started shipping copies of its Windows operating system around the world, and a year before the first internet worm (similar to a virus) would infect a modest 6,000 computers.

 
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28.11.2017

Should I stay or should I go?

Global equities have powered ahead in recent weeks, in line with our pro-growth investment stance. Our view remains that the global macro backdrop should continue to support investor economic confidence and drive the valuations higher over the next year. Still, there is a risk for some near-term disappointments, given that the Chinese housing market and industrial economy are maybe downshifting more than investors acknowledge. Also, the US ISM manufacturing index has been boosted by US dollar weakness and is likely to pull back somewhat.

 
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28.11.2017

Oxfam urges EU for a tax haven list

In a report published on Tuesday, Oxfam has assessed the tax collecting credentials of the 92 countries currently being assessed by the EU, as well as all 28 EU member states, which are not part of the EU's review. Claiming to use the same criteria as the EU, namely the examination of countries' tax transparency systems and tax rates, the Oxfam report claims that a proper blacklist would have four EU member states — Ireland, Luxembourg, Malta and the Netherlands — on it.

 
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