News

21.07.2017

Petrodollar under Attack

It is ironic that the fate of the US dollar depends on whether Saudi Arabia will continue to insist on accepting only US dollars for oil. The Free Thought Project had a good article by Jay Syrmopoulos on this subject on 16th July 2017, Russia and China Declare All Out War on US Petrodollar — Prepare for Exclusive Trade in Gold, which was picked up by Activist Post. It is the position of the US dollar as the main world reserve currency that has made it possible for the US to continue in its role as the global policeman or, as some would have it, the imperialist bully.

 
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21.07.2017

Former Credit Suisse banker pleaded guilty in a US trial over Tax case

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.

 
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21.07.2017

IMF approved $1.8 bln conditional loan for Greece

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.

 
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21.07.2017

China pushes Swatch's results in first half 2017

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.

 
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21.07.2017

Expert Commentary: outlook on G20 summit

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.

 
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21.07.2017

MUSIC TECH STARTUP: PlumResearch focuses on data

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

 
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20.07.2017

Italian police asked Switzerland information about 10000 banking clients

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. 

 
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20.07.2017

ECB: Draghi confirms rates, holds QE till Christmas Time

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.

 
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20.07.2017

Switzerland believes in EU more than US

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.

 
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20.07.2017

MUSIC TECH STARTUPS: Geobeat, an App for Running with the Right Music

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».

 
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Events


Semptember 2015
  • 23
    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02
    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

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