Volkswagen opens 2016 with an increase in operating profit and net profit decline: the German group closed the first quarter with an operating profit of 3.44 billion Euros against 3,228 in the same period of 2015 (+ 3.4%) despite a decline by the same percentage of revenues, decreased to 50.9 billion from 52.7. The decrease in revenues stems in part from the decline in sales (-1.2% to 2.577 million units) and in part by currency factors.
In Brazil, Petrobras scandal strikes again: yesterday evening, the Brazilian Minister of Transparency, Fabiano Silveira, resigned after an interception by leaked his critical investigation on the oil giant. It is the second part of the interim government to fall for Petrobras scandal. On 23 May, the Minister of Planning, Romero Juca, was dismissed by the government after an interception in which he argued that it would take a "pact" to force President Dilma Rousseff to step down to stop the investigations.
According to ISTAT, the unemployment rate in Italy in April moved up to 11.7% from 11.5% in March (revised from 11.4% of the original estimate). Also increasing the rate of youth unemployment by 0.2% to 36.9%, but there is also good news, and that concerns the number of employees, grew up in the month of 51,000 units, bringing the rate to 56.9% (+ 0.2%), the highest rate since April 2011. In detail, after + 0.3% in March, employment has improved by + 0.2%, marking an increase of 35,000 units between employees (all of them with permanent contracts) and 16,000 units of the self-employed. The growth relates to men and women of all age categories, with the exception of those between 35 and 49 years.
Switzerland becomes again in second place in the ranking of the most competitive countries compiled by the Institute for Management Development (IMD) in Lausanne. Last year she was ranked fourth, losing two positions, because of the strong franc. Hong Kong leads the ranking, displacing the first place, occupied the last three years by the United States, now dropped to third place. The US economic power is no longer enough to make her stand out in the ranking of the most competitive countries, as reported by the press today the institute.
Australia has put on sale about $ 13 million in Bitcoin, confiscated by the Australian authorities. It is 25,000 pieces (24,518) seized from a drug dealer, who was arrested in 2014. The virtual currency amount will be divided into 11 lots from 2,000 coins and a lot of 2,518. The transaction, announced from the house of Ernst & Young auction will be held June 20 and occurs while the value of Bitcoin has recorded strong appreciation in recent months. The auction of June following the one conducted by the US Marshals Service, last year, which put on sale the Bitcoin confiscated Ross Ulbricht, who was arrested in 2013 for money laundering. The man would use the Bitcoin to create an empire from drug sales.
Zurich is the second city in Europe for percentage of residents happy of his employment, to make known is a study of the European Commission. Ranked the largest city in Switzerland exceeds metropolis likes of London (27th place), Paris (8th), Copenhagen (5th), with a lunsinghiero 83% of the population declares itself happy. Only 11% responded negatively to the survey, but in this case seems to be the cost of living, considered high, affect judgment.
Sweden seems immune to the global slowdown. In the first quarter of 2016, Sweden's GDP has recorded a + 0.5% MoM, + 4.2% compared to the same period last year, despite being slightly below analysts' estimates. According to the KOF indicator. The Scandinavian country sees a rosy future. The index, which serves as the economic barometer for the Alpine economy, rose in May to 102.9 points from 120.6 points in April, as measured by the Economic Institute. This is the highest level since May 2015. "Since February, the barometer is steady above their long-term average. This indicates a continuing positive development of the Swiss economy in the coming months," the statistics office said in a statement.
The European Commission could create a task force to regulate virtual currencies like Bitcoin in order to avert the use in money laundering or terrorist financing. Parliament's proposal was approved Thursday, May 26, in a non-binding resolution with 542 votes in favor, 51 against and 11 abstentions. It will now be sent to the European Commission, which must examine it. From the outset, it must be said, the resolution proposes a variety of inefficiency risks or negative balance of the measure.
The outlook for the Swiss economy improved slightly in May: the barometer of the economic research center at ETH Zurich (KOF) stood at 102.9 points, 0.3 points more than in April (revised indicator from 102,7 to 102.6). The figure is in line with forecasts: the analysts interrogated by the agency AWP betting on an index of 102.0 and 103.0 points. Since last February, the barometer is moving steadily above the long-term average: this suggests a continuation of the positive economic development in the coming months, the KOF said in a statement today.
Dieter Behring's trial begins today, Monday, to the Federal Criminal Court in Bellinzona, and will last until the end of June. The financier Basel is accused of fraud for scam to trade and money laundering; defined the Swiss Madoff, he had damaged 2,000 investors between September 1998 and October 2004, promising to invest safely halt the capital that relied more speculative areas and the other half, to get more returns high. He ended up leaving a chasm of 800 million francs, because in reality the money of new clients was used to repay the previous ones and to fund his lavish lifestyle (up to 600,000 francs autoconcesso salary, watches and jewelery).
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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