A Swiss citizen pleaded guilty on Thursday this week for conspiring to defraud the U.S government while she was working at Credit Suisse. Susanne D. Ruegg Meier admitted to a Virginia court that while working at Credit Suisse's North American desk in Switzerland from 2002 to 2011, she aided and conspired to help U.S taxpayers evade paying taxes on their incomes. She did this by concealing the earnings and assets of potential taxpayers in secret Swiss bank accounts.
The International Monetary Fund’s board on Thursday approved a $1.8 billion loan to Greece — but will only release the money if the country gets debt relief from its European creditors. The IMF has praised Greece for taking steps to reduce its budget deficits, including expanding its tax base and cutting spending on pensions. But the lending agency is pressuring Greece’s eurozone lenders to provide enough relief to ensure the battered country can pay its bills.
Swatch Group on Friday painted a brighter outlook for rest of the year as the world's largest watchmaker said conditions for Swiss timepieces in China and Europe were improving. The swiss watchmaker said it expected "very positive growth in local currency" for the rest of 2017 after net profit rose 7.2% in the first six months of the year.
Some experts suggest that environmental regulations, such as the US decision to quit the Paris Climate Agreement, are likely to have a zero impact on the US economy. Do you share this point of view? Why? It depends on a period of time that you are talking about. I think that in the long run it has a negative impact. I believe that the energy sector, especially alternative energy sources, hold tremendous opportunities for economic growth. If the US is not going to push in that direction, then other counties will take that growth away. Thus, I think that within the next two years there may be no effect, but, going forward, it has a negative impact on the US economy.
Going out to the world with your product and building awareness is one of the most important things in building a startup, especially a b2b one. MIDEMLAB is very industry focused and it's hosted at MIDEM the leading music business conference in beautiful Cannes. It's very important for startups to attend these kind of events, but it's even more important to choose wise - those industry focused that really matter. For me it's music, video, tv, esports, research and big data. I don't attend every event I get invited to, especially the massive ones about startups or business in general. You need to have a business focused approach to these conferences and use them to schedule meetings with potential corporate clients and partners that visit these industry focused events - it's often the only way to get to talk to them as calls don't work too good with enterprises as a first meeting. Many early stage startups or aspiring entrepreneurs make the mistake and go to every conference possible, they of
On Thursday, Italy's tax police (GdF) have asked the Swiss authorities for information regarding Italians that deposited a total of €6.7 billion ($8 billion) in the country. The police said in a statement the move, which concerned Italian citizens holding 9,953 financial positions in Switzerland, followed an investigation that last year led to a tax settlement deal between Italy and Credit Suisse. The tax investigation started in 2014, which didn't involved the local branch. Then in 2015 the second part of investigation startd and it was over an alleged fraudulent system used by the bank to transfer money offshore, mainly through the use of insurance policies.
The European Central Bank’s (ECB) July policy meeting has ended with policy-makers opting to maintain a cautious tone, presumably to keep a lid on rising Eurozone interest rates and currency. The ECB kept its deposit rate deep in negative territory and maintained monthly bond purchases at €60-billion, in line with the expectation of most analysts in a Reuters poll.
Switzerland invested the most money in the European Union (“the EU”) in 2016. With €55 billion, it was ahead of the United States (“the US”), which invested some €54 billion in the EU. Globally, EU foreign investments fell by 41% last year. They went from a total of €476 billion in 2015 to €280 billion in 2016. This is according to an initial estimate by the European statistical institute, Eurostat, published on Tuesday.
Artem Zhiganov is CEO at Geobeat, an app that lets users hear different tracks that change with how they are moving, where, and under what weather. Users can tell the app how they are moving, either walking or by car or bike, and any time they cross from an area to another, represented by hexagons, music will change. «We have a few layers, at the moment, and we launched a landing page for producers who’d like to take part in the project. Many producers have already contacted us and some are willing to do something for free. We want to have at least 15 or 20 soundtracks in every city with a strong electronic music scene, we have a road map for Berlin, London, Los Angeles, Amsterdam and maybe Tokyo before the end of the year».
There could be a day when an airline will pay you to fly with them, according to the CEO of WOW Air. Skúli Mogensen, founder and CEO of low-cost carrier WOW Air, says he sees a day when customers will be paid by the airline to fly with them. Wow Air founder and CEO Skuli Mogensen said to media: “I can see a day when we pay you to fly.” "If you come to us and trust us with your booking, we can see that your airfare is reduced to zero and even reward you for it", he added.
The Lantern Fund Forum is one of the most important event focused on Asset Management, Investment To
Part I: Basics (“GIPS beginners”) - Part II: Recent Developments and Update from the GIPS Commit
This seminar provides both “GIPS beginners” (part I and II) and “GIPS experts” (part II) wit
Der SWISS FUND DAY ist eine Initiative, welche im Jahr 2006 von verschiedenen Vertretern der Fonds-
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