The European Environment Agency says the continent is facing rising sea levels and more extreme weather, such as more frequent and more intense heat waves, flooding, droughts and storms because of climate change. The document, called Climate change, impacts and vulnerability in Europe, revealed the cost to the economy had soared by about 80% over the last 30 years. During the 1980s, the damages averaged about €7.6bn euro a year, but by the 2000s the figure had risen to €13.7bn, the report said. Overall between 1980 and 2013, the cost was nearly €393bn.
Russian Railways suggests reviewing the use of Swiss francs as a settlement currency for the transit traffic, president of the company Oleg Belozerov said, as Tass agency reported. "We calculate transit in Swiss francs. The Swiss franc has been historically used for international settlements. I asked colleagues to consider and give an assessment whether the franc is the proper currency now to make settlements," he said.
Transparency International (TI), the world’s leading anti-corruption movement, said in its annual Corruption Perceptions Index for 2016 that in countries with populist or autocratic leaders, "instead of tackling crony capitalism, those leaders usually install even worse forms of corrupt systems." Based on expert opinions of public sector corruption, the annual report rated Denmark and New Zealand as the least-corrupt countries, followed by Finland, Sweden, Switzerland, and Norway.
Novartis may spin off its struggling Alcon eye care business and is to launch a share buyback programme worth up to $5 billion, the Swiss drugmaker said on Wednesday in reporting fourth-quarter results that lagged market expectations. Its sales were flat in the fourth quarter while posting a $120 million operating loss, forcing a critical look at whether to sell eye care division. "We've not ruled anything out, all options are on the table," Chief Executive Joe Jimenez said on a results news conference call.
Despite the push toward a cashless society in many countries, residents in Switzerland are still in love with their cash, which is used regularly to purchase all sorts of things, both small and large. According to a report by the Wall Street Journal, the love of cash in Switzerland doesn’t seem to be slowing down. The Alpine country bowed to pressure from international anti-money-laundering organizations and implemented a cap on the amount of cash a person can use on a single purchase without raising red flags and requiring extra paperwork. If the transaction is over 100,000 Swiss francs, a retailer has to confirm identities and report the transactions that they deem to be suspicious.
U.S. President Donald Trump on Tuesday pushed the heads of GM, Ford and Fiat Chrysler to build more of their cars in the United States and boost American employment in the process. After weeks of taunting the automotive industry over Twitter, Trump made a point to meet with the CEOs of General Motors, Ford and Fiat Chrysler just days into his term. He has pressured the companies to build more vehicles in the U.S. and hire more Americans into manufacturing jobs. "I want new plants to be built here for cars sold here!" Trump said in a tweet ahead of the breakfast meeting with automakers, saying he would discuss U.S. jobs with the chief executives.
The North American Wertheim Jewish Education Trust in the United States is demanding back payment from Deutsche Bank of nearly $3 billion, claiming the bank wrongly withheld the money from the heirs of a wealthy German family, as Bloomberg reported. The Jewish charitable trust filed its complaint at a Florida federal court on Wednesday, claiming the bank refused to return funds originally deposited by the wealthy Wertheim family before the rise of the Nazis.
Yahoo says its closing its Verizon deal in the second quarter instead of in the first quarter, which is when it initially said the deal would close. The $4.8 billion deal was originally slated to close in the first quarter, but that was before Yahoo reported two massive data breaches that analysts say may scrap the entire deal. Although Yahoo continues to work to close the acquisition, there’s still work required to meet closing the deal's closing conditions, the company said in an earnings statement, without elaborating.
Parliament must vote on whether the government can start the Brexit process, the Supreme Court has ruled. The most powerful court in the land has upheld a High Court decision that ruled it unconstitutional for UK Prime Minister Theresa May to formally trigger the process of leaving the EU without first consulting MPs. But the court ruled the Scottish Parliament and Welsh and Northern Ireland assemblies did not need a say. Both Scotland and Northern Ireland voted against an E.U. departure in the June vote.
Startups need to build a growth plan and exit path early in their life cycle to unlock the value cre
Molti investitori istituzionali stanno iniziando a prendere sempre più in considerazione anche le m
The Responsible Finance Institute (RFI) Foundation and the Swiss Arab Network organize the RFI Summi
FinLantern is glad to invite you to a “Sustainable Apero”
Presentazione di una piattaforma omnicanale per aziende con centralini, call center o contact center
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