Puerto Rico has been saved. The US president, Barack Obama, will sign a law that was passed by Congress and that will allow the restructuring of the debt of the American territory, which threatened to declare default in the coming days. A decision that opens the way for the restructuring of the debt of 72 billion dollars in bonds and the governor of Puerto Rico, Alejandro Garcia, had clearly stated that he could not honor the deadline of 1 July, amounting to $ 2 billion.
No entrance fee in Switzerland for frontier workers. The Federal Council has rejected a proposal to that effect in a motion of Lorenzo Quadri (Lega / TI), which proposed this system to protect the local labor market and cover the social, economic, environmental and infrastructure generated by the phenomenon. In Ticino border workers, as well as being a source of problems in the labor market, are entitled to benefits financed by the Swiss taxpayer and cause costs to society that are not called to cover, such as Quadri noted in his parliamentary speech and cited examples such as wear of the cantonal road network, damage to the economy generated by traffic jams and urban solid waste, whose collection and disposal is the responsibility of the resident population.
Argentina wants to take the path of economic recovery as soon as possible. The head of the Agency for Investment and International Trade, Juan Procaccini, in announcing an International Forum, a sort of mini-Davos, to be held in Buenos Aires in September with the presence of around 800 companies, has revealed that the Mauricio Macri's government aims to attract investments of about one hundred billion dollars over the next eight years to revive the country's economy. From 12 to 15 September over 1,500 local and international investors, entrepreneurs and political leaders will have the opportunity to explore investment opportunities that Argentina has to offer.
Lions Gate Entertainment, the production company, which produced among others the movies "The Hunger Games", plans to give birth to a merger with media company Starz. According to a report in the Wall Street Journal, Lions Gate has put into the pot $ 4.4 billion, cash and stock, to detect the television network. The agreement brings together the two cable companies, linked to magnate John Malone.
The oracle of East Lansing spoke: Democrat Hillary Clinton has huge chance to become the forty-fifth president of the United States. Nate Silver, the founder of the Five Thirty Eight site, the man capable of providing virtually error-free the results of the US presidential elections of 2008 and 2012 with its statistical models (with 50 states and the District of Columbia, missed only on Indiana where Barack Obama won in 2008), he has published the first forecast on the upcoming US elections.
Rise in the Swiss business failures in the first five months of 2016, according to the survey of the economic information Bisnode company announced in a statement today. From January to May, the number of bankrupt companies insolvency has increased by 6% over the same period last year, to 1,933. Among the regioniparticolarmente hit the Romandie, an increase of 23%, leads the standings. The sectors which recorded the greatest risk are the construction, food and crafts.
Frenchman Jean Pierre Mustier, 54-year-old, is the new CEO of Unicredit; he leaves the trans Tikehau group to take the lead of the Italian bank after the release of Federico Ghizzoni. During the nominations committee, held last night, the only reservations about the banker would be raised by Francesco Gaetano Caltagirone and Corderdo Luca di Montezemolo, but this morning the board of directors of the bank voted unanimously for Mustier .
Exports of watches in 2016 should also fall by 10%. The director of the watchmaking Federation (FH) Jean-Daniel Pasche, in Neuchâtel, during the association's Annual Conference, said that the decline could be even higher depending on the brand. Pasche believes that the British vote on brexit has accentuated the uncertainty and the upward pressure on the franc. In short, the slowdown observed in this area as early as the middle of 2015, is expected to continue, mainly because of the loss of momentum, completely unexpected, the American market. It is a bad surprise, he argued.
Brexit effect even in the auction houses: the largest uncut diamond in the world (1,109 carats), as well as the second largest ever found, did not find an owner. "Lesedi La Rona" ( "Our Light") was discovered in November 2015 in a Canadian-owned mine in Botswana. As for greatness surpasses only the "Cullinan Diamond" found in 1905 in South Africa: one of the diamonds taken from it joined part of the British crown jewels.
The shadow of Brexit seems to have already stretched on Europe: within a few days by the outcome of the British referendum, Dutch 56 thousand have signed an online petition calling for the release by the European Union of the Netherlands, delivered by the promoters to lower house of parliament.
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