Goldman Sachs wants to expand its investment bank in Switzerland and is in the process of upgrading its trading operations in Zurich to a branch from a representative office, a source familiar with the matter said on Thursday, aas Bloomberg News reported. The change would allow Goldman Sachs to do a wider range of broker/dealer-type activities, and does not involve the New York-based bank expanding in the wealth management or advisory businesses, the person said.
Despite the best efforts of cell companies, the vast majority of Puerto Rico is offline. Internet coverage might seem like a luxury when people are struggling for clean water and power, but communications make moving essential supplies much easier, and enables lost families and friends to find each other. And while some are providing food and other necessary materials, Project Loon, a division of Alphabet’s X lab (formerly Google X), is trying to set up temporary internet and cell service using giant balloons.
UNESCO, the cultural and educational agency of the United Nations, expressed regret on Thursday over the United States’ official decision to leave its organization. Director-general Irina Bokova said in a statement that the departure is a loss for "the United Nations family" and for multilateralism. She said the U.S. and UNESCO matter to each other more than ever now because "the rise of violent extremism and terrorism calls for new long-term responses for peace and security."
Lufthansa is set to sign a deal to buy parts of Air Berlin, the failed German carrier. The deal was reported Thursday morning by the Rheinische Post and confirmed to Fortune by Lufthansa. Germany's second-largest carrier filed for bankruptcy in August after its main shareholder, Etihad, said it would not give further financial support.
Gucci has banned the use of fur. The Kering-owned megabrand says the ban with take effect with its Spring/Summer 2018 collections and it has signed up to the Fur Free Alliance, an organisation that promises to end exploitation and killing of animals for fur, as part of a wider sustainability plan. “Do you think using furs today is still modern? I don’t think it’s still modern and that’s the reason why we decided not to do that. It’s a little bit out-dated,” chief executive and president Marco Bizzarri told BoF ahead of a speech in London outlining the move. “Creativity can jump in many different directions instead of using furs.”
The Eidoo ICO, which is currently unfolding, has already raised EUR 20 million (ETH 80,453) reportedly in hours across more than 10 million of the company’s EDO tokens. Those tokens can be used inside the Eidoo ecosystem, which in addition to the digital wallet extends to a decentralized blockchain-based marketplace and tools that support the use of cyrptocurencies.
The Swiss National Bank on Wednesday revealed the country’s new ten franc note, which will go into circulation on October 18th. The latest in the new series of banknotes that is being issued in stages, the ten franc note follows the 50 franc and 20 franc notes that entered circulation in April 2016 and May 2017 respectively.
Sotheby’s will be presenting ‘The Raj Pink’, the world’s largest known Fancy Intense Pink diamond, weighing 37.30 carats. It will headline the auction house’s Magnificent Jewels and Noble Jewels sale in Geneva on November 15. “The discovery of any pink diamond is exceptional, but the Raj Pink’s remarkable size and intensity of colour places it in the rarefied company of the most important pink diamonds known,” says David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division.
Private helicopters can be a valuable travel option offering superior convenience, comfort, and control for high net worth individuals and families. Malta is at the forefront of aviation industry for the variety of services it can offer, its favourable tax regime and its high regulatory standards.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
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