News

06.10.2017

Swiss rate of guns is high, mass shooting is rare

Switzerland has the highest gun ownership rates per capita among its neighbors and other Western countries, but mass shootings are rare, local media reported Thursday. This was highlighted in Swissinfo, the website of the Swiss national broadcaster, after the mass shooting in Las Vegas in Nevada, the United States claimed the lives of 59 people and wounded hundreds of others this week.

 
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06.10.2017

Netflix stocks jump after subscription price increase

Netflix shares reached a record high on Thursday, following the company's decision to raise its prices for US subscribers. Netflix stock closed at $194.39 per share on Thursday, up 5.4% for the day. Netflix raised the price of its most popular "standard plan" service to $10.99 a month from $9.99. Its highest-tier plan, which supports 4K video resolution and four simultaneous streams, will increase to $13.99 a month from $11.99.

 
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05.10.2017

Swiss companies: highest salaries for CEOs in Europe

The chief executive officers of Switzerland’s top firms take home almost double the median salaries of Europe’s 100 biggest companies, according to a study by consultants Willis Towers Watson. The Eurotop 100 study, presented on Thursday, studied the direct remuneration – not including pension or bonuses – of the CEOs of the 100 most highly capitalised blue-chip companies in Europe.

 
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05.10.2017

UBS Chairman believes Bitcoin is only a transaction currency

UBS Chairman and former Bundesbank President Axel Weber said on Wednesday bitcoin does not fulfill some of the most important functions of currency, the latest senior banker to express skepticism about the cryptocurrency. "I get often asked why I'm so skeptical about bitcoin, it probably comes from my background as a central banker," Weber said at a conference organized by the Swiss Finance Institute. Axel Weber previously served as head of the Bundesbank, Germany's central bank.

 
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05.10.2017

App review: Haiku Deck for creative presentations

 
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05.10.2017

UK car sales down 9.3% in September

Car sales in the UK were down 9.3 per cent in September. The figures that have just been released are worse than the situation in the last six months, that has seen a constant decline. Chris Bosworth, director of strategy at Close Brothers Motor Finance, commented about the situation blaming Brexit, and therefore the uncertainty in the EU, for this decline.

 
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05.10.2017

En Marche – Euro Zone is gathering momentum - Second Part

- After an especially strong first quarter (+1.9% year-on-year), growth surprised once again in the second quarter (+2.2%). This pace is above potential and above its 2010-2015 average. - Credit growth remains solid and beneficial to both companies and households - Order books and economic surveys suggest that the positive trend will continue - The political environment has become favourable after elections in France and the Netherlands

 
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05.10.2017

Sweden where you can use microchip in the hand instead of paper tickets

Swedish rail company SJ Railways is now accepting tickets via microchips implanted into the hands of its commuters. The microchip and app exchange information using near-field communication (NFC) – the same wireless data transfer technology used by Apple Pay, Android Pay and Amiibo. Each SJ Railway customer’s microchip is given a membership number, which can be updated through the SJ Railways app on a smartphone. Once a microchipped rider gets onto the train, he or she can simply put his or her hand out to be scanned by the conductor.

 
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05.10.2017

Warren Buffet condemns Trump's tax plan, it could be a "terrible mistake"

Warren Buffett has attacked US President Donald Trump’s plan to slash taxes for companies as well America’s richest individuals. “We have a lot of businesses... I don’t think any of them are non-competitive in the world because of the corporate tax rate,” billionaire investor Mr Buffett told CNBC, on Tuesday.

 
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04.10.2017

Electric Cars

Tesla has been one of the greatest cash burners in history. The stock price is based on the assumption that electric motors in cars will soon replace internal combustion engines and that this change will mean huge revenues and profits for Mr Musk. Investors believe that their money should be in stocks that have the potential for future capital gains. There is a problem with this theory, and that is that other car manufacturers can relatively quickly put electric cars on the road.

 
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