News

22.05.2017

Bitcoin broke $2000 wall in the Pizza Day

As Bitcoin has continued to gain in popularity and accessibility around the globe, its price has similarly grown. The digital currency, widely seen as one of the earliest and the most important in paving the way for the new cryptocurrency industry, has reached a landmark achievement. Continued growth in price has elevated the cost of a single Bitcoin to more than $2,000 for the first time in history. 

 
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22.05.2017

Huntsman, Clariant Agree on a $14 bn merger

Hunstman Corp and Switzerland's Clariant AG announced their merger on Monday; the deal would create a trans-Atlantic company valued at about $14 billion offering an array of chemicals such as polyurethanes, pigments, automotive fluids, additives and resins that are used across industries ranging from aerospace to agriculture to household cleaning. Under the terms of the proposed deal, Clariant shareholders would own 52 percent of the combined company. Huntsman shareholders, including its eponymous founding family, would own the rest.

 
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22.05.2017

Facebook: leaked documents revealed internal rules

Facebook is allowing users to share death threats, videos of self-harm and pictures of animal torture, it emerged yesterday. The english newspaper Guardian has obtained leaked copies of over 100 internal documents outlining Facebook's rules for handling sensitive content that reveal staff moderating the social media website are told not to delete such content. The images may be removed from the site "once there's no longer an opportunity to help the person," unless the incident has news value, according to the documents. Facebook is said to have an extensive list of secret rules and guidelines for deciding what its 2 billion users can and cannot post.

 
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22.05.2017

Swiss voters to ban on new nuclear plants

On Sunday Swiss voted on whether to support the federal government’s plan to overhaul Switzerland’s energy system. The plan was accepted by 58.2% of voters with only four of the country's 26 cantons voting "no". The Swiss initiative mirrors efforts elsewhere in Europe to reduce dependence on nuclear power, partly sparked by Japan's Fukushima disaster in 2011. Following its approval, the new law is expected to come into force in early 2018. According to the Swiss government website, it is aimed at reducing energy consumption, increasing energy efficiency and promoting renewable energies such as water, solar, wind and geothermal power, as well as biomass fuels.

 
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22.05.2017

The Ransomware Attack Lifted the Cyber Security Stocks, but the Rally Didn’t Last

The massive cyberattack that targeted 300’000 devices in 150 countries around the world one week ago, including important social infrastructures, businesses and private users, raises serious question about growing internet vulnerabilities and computer safety. It is still unclear who is the responsible for the ransomware attack, government agencies around the world are investigating, but one thing is certain: the growing menace of cyber-attacks is escalating, governments and companies are expected to increase spending on IT security after being caught out by the attack and the firms providing IT security services are poised to expand.

 
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19.05.2017

Book Review: Adaptive Markets by Andrew Lo

 
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19.05.2017

Switzerland placed 3rd in global healthcare system ranking

Switzerland ranked third with 92 points in a global list of countries assessed for health care availability and quality (HAQ), while the tiny European nation of Andorra topped the list with an overall score of 95 out of 100, followed by Iceland (94), according to the latest report by the British medical journal The Lancet.   At the bottom of the table was the Central African Republic, scoring just 29 on the overall index, while UK ranked 30th and US 35th with an overall score of 81, tied with Estonia and Montenegro.

 
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19.05.2017

Swiss crowdfunding market on the way of rapid development

Lucerne University published its annual report, for the third year in a row, on crowdfunding in Switzerland. The “Crowdfunding Monitoring Switzerland 2016 tracks the growth and trends in this sector of finance. In the introduction, Prof. Dr. Andreas Dietrich, states: "In previous years, we have usually commented that the market had grown rapidly, but the absolute volumes of funding remained at a low level. This year, though, the market has grown markedly in percentage as well as in absolute terms. For the first time, crowdfunding has been instrumental in raising substantially more than CHF 100 million. This compares to just under CHF 28 million in the previous year. The structure of the market has also changed greatly: as expected, real estate crowdinvesting and the financing of SMEs via crowdfunding (business crowdlending) have made considerable contributions to this growth".

 
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19.05.2017

Swiss Pension System: 24 September referendum is coming, D-Day for the reform?

Switzerland’s occupational pensions association has decided to back the country’s reform package, AV2020. During its general assembly last week, ASIP announced its support for the proposals agreed in parliament earlier this year, after seeking its members’ opinions on the Altersvorsorge 2020/Prévoyance vieillesse 2020 (AV2020/PV2020) reform package. After considerable back-and-forth, the reform was approved in March. Next, Switzerland’s population will decide on the reform package in a binding referendum on 24 September.

 
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19.05.2017

China-Switzerland: Deeper relationship thanks to winter tourism

With the development of China-Swiss relations, the winter sport industry has become one of the focuses of the two countries. World Winter Sports (Beijing) Expo 2017 ("WWSE," will be held September 7-10 in Beijing) will keep up with the development trend, inviting Switzerland as the Major Honored Guest Country to start relevant cooperation and promote the development of winter sport industry, enhancing WWSE to a new stage. WWSE is co-organized by Beijing Olympic City Development Association (BODA) and International Data Group (IDG).

 
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