In its latest effort to compete with online giant Amazon, Wal-Mart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts. The “associate delivery” program would use Wal-Mart's 4,700 U.S. stores and roughly 1.2 million employees to speed delivery and cut costs, the company said Thursday. The announcement came just a day before the company's annual meeting.
Invesco released its fifth Invesco Global Sovereign Asset Management Study on 5th June, an annual in-depth report on the complex investment behaviour of global sovereign wealth funds and central banks. This year's study shows that geopolitical uncertainty and limited options to increase risk asset allocations are causing sovereign investors to make fewer allocation changes than at any point in the past five years, despite target-return gaps increasingly widening. The survey, conducted face-to-face among 97 individual sovereigns and central bank reserve managers across the globe, including Canada, representing $12 trillion of assets, asked sovereigns to rate the importance of various economic and geopolitical factors on their investment strategies.
The world's first commercial plant for capturing carbon dioxide directly from the air opened on May 31th, refueling a debate about whether the technology can truly play a significant role in removing greenhouse gases already in the atmosphere. The Climeworks AG facility near Zurich becomes the first ever to capture CO2 at industrial scale from air and sell it directly to a buyer. Developers say the plant will capture about 900 tons of CO2 annually — or the approximate level released from 200 cars — and pipe the gas to help grow vegetables.
President Donald Trump on Monday reiterated his push for his executive order banning travel and immigration from six majority-Muslim countries, lashing out against his own Justice Department and potentially exacerbating the continued legal battle over the order. "People, the lawyers and the courts can call it whatever they want, but I am calling it what we need and what it is, a TRAVEL BAN!" Trump said in the first of a series of tweets Monday morning.
French bank watchdog ACPR said it had fined BNP Paribas €10 million for inadequate anti-money laundering controls. Reuters reports that the penalty followed a 2015 inspection of the bank which revealed a number of shortcomings in its provisions for preventing money laundering and financing of terrorism, ACPR said in a statement. And it found that the bank dragged its feet in implementing an overhaul of its operations that it had officially decided to implement in 2013.
As artificial intelligence and robotics continue to pick up steam, thousands of jobs we could once take for granted are at risk of being automated, threatening to leave a bevy of diligent workers on the dole. But there might be a tool you can consult to take the necessary measures before your time has come. Created by designer-developer duo Dimitar Raykov and Mubashar Iqbal, ‘Will robots take my job?‘ is an amusing web-based tool that predicts how susceptible your occupation is to the ever-growing current of automation and computerisation.
Qatar's stock market plunged on Monday after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed ties with Doha, accusing it of supporting terrorism. Every stock listed on Doha’s headline index was trading sharply lower in early trade. QNB fell by 7.6 per cent, with Masraf Al Rayan and Industries Qatar down by over 9 per cent. Oil prices rose in response to the shock decision to isolate Qatar, announced early this morning by state news agencies in the UAE and Saudi Arabia.
The partial revision of Switzerland’s Value Added Tax Act will come into force on 1 January 2018, the Federal Council determined 2 June. Under the new regime, to become VAT liable, global turnover should be taken into account instead of just Swiss turnover. Therefore, companies whose global turnover is at least 100,000 CHF will be liable to VAT from the first franc of turnover in Switzerland.
The price of Bitcoins has risen more than tenfold since it bottomed in February 2015. Such a parabolic move can be compared to the rise in Silver or Gold towards 1980 or 2011, or the NASDAQ in the run-up to its 2000 top during the dot.com bubble. And indeed, the promise of a finite non Fiat universal currency, which is easy to store and transfer are huge. Amid capital flight out of China and legalization in Japan, Bitcoins are finding increased legitimacy either as a practical store a value or as the possible next international transaction currency. We hereby attempt to monitor this parabolic rise, an exercise which is never easy.
Cet événement, organisé par Business and Professional Women (BPW) Switzerland, le magazine L'Agef
La relazione con le banche, le aspettative delle parti e le problematiche pratiche
Trust, fondazioni e altri istituti di pianificazione
Die Investora Zürich bringt das Top-Management von börsenkotierten Schweizer Firmen mit Small- und
Dieser Intensivkurs bietet Ihnen praxisorientierten Uberblick der modernen konzepte, die Sie als ins
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