Amazon founder Jeff Bezos has become the world’s second-richest man adding $1.5 billion to his fortune after Amazon gained $9 billion in market value during trading on Wednesday. The 53-year-old has a net worth of $75.6 billion on the Bloomberg Billionaires Index, and surpassed Berkshire Hathaway CEO Warren Buffet ($75.5 billion) and Inditex fashion group chairman Amancio Ortega ($74.1 billion) for the second spot.
The latest Tesla software update brings anticipated new features to Autopilot 2.0 cars, including Summon, which calls your car to you from its parking spot, but it also has a lighter side, as Tesla software updates tend to. Tesla added a new Easter Egg (a goofy software gag generally slightly hidden from view) to its vehicles with the 8.1 update, and this time it’s a sketch pad. The 17-inch touchscreen that dominates the Tesla Model S center panel is basically already a huge digital surface primed for drawing, so it’s a natural add-on – not counting that most of the time you’re going to be using the screen while driving, of course.
Switzerland has started the countdown to a mass-market switch to the ISO 20022 standard for payments harmonisation across all consumer, corporate and bank payments. The digital payments drive will see Swiss financial institutions complete the changeover to the new standard by the end of 2017 and a corporate switch by mid-2018 at the latest. The EU converted its payment traffic to ISO 20022 back in 2014; countries such as Japan and Australia also make use of ISO 20022. During the harmonization process, all the formats, procedures and payment slips that have evolved over time will be aligned with ISO 20022, a proven and future-proof standard.
Nine months after the historic referendum in which the UK population voted to leave the European Union, the UK government has at last served notice to quit. Theresa May yesterday signed the letter that will formally begin the UK’s departure from the European Union, starting a process which will eventually make clear how the country will trade with the EU and the rest of the world. Since the Brexit vote last summer, the UK life sciences sector have been seeking answers as how it can trade and collaborate with Europe, and continue to flourish as a centre for science and innovation.
Switzerland ranked 21th in the Tobacco Control Scale report, back from 18th in 2013. The report is published once every three years, the last one, which was referring to 2013, being made available in 2014. The 2016 Tobacco Control Scale was launched on March 23 at the 7th European Conference on Tobacco or Health (ECToH). It presents the results of the development and implementation of tobacco control policies in 35 European countries, using a tool called Tobacco Control Policy Scale.
A US court imposed a sentence on a Deutsche Bank unit Tuesday for its role in an interest rate rigging scheme, two years after the bank reached a $2.5 billion settlement with British and US authorities. The development closed a minor chapter in the legal woes facing the German banking giant, which has rushed to resolve multiple cases with US officials in recent months and still reportedly faces an investigation over possible money laundering.
BlackRock, the world’s largest fund company, will rely on robots to do its stockpicking. The $5.1 trillion asset manager announced on Tuesday that they will be restructuring the business to offer cheaper quantitative stock funds driven by computer models. The change impacts about $30 billion in assets under management, including $30 million in annual fee-related dollars, says Jefferies analyst Daniel Fannon. Fannon says that while the scale of the reorganization is surprising, the change makes sense in the context of the firm's struggle to draw active stock assets. This means that traditional stock-pickers will be replaced, with reports indicating that 40 jobs are on the line in the shake-up, with Blackrock earmarking $25 million in severance and bonuses to those affected.
The UK could be left without any flights to and from Europe after Brexit, Ryanair has warned. The low-cost airline said aviation should be treated as a matter of urgency in Brexit negotiations, as summer schedules for 2019 must be finalised by March next year. The Dublin-headquartered company, which operates more than 1,800 flights to over 200 destinations in 33 countries daily, urged the UK Government to “put aviation at the forefront of its negotiations with the EU and provide a coherent post-Brexit plan,” said Ryanair’s Kenny Jacobs in a statement.
The merger between the Deutsche Börse and the London Stock Exchange has been vetoed by the European Commission because of competition concerns, ending a third attempt in 17 years to unite the financial hubs of London and Frankfurt. In a statement on Wednesday, EU Competition Commissioner Margrethe Vestager said Britain's decision to leave the 28-nation bloc had played no role in banning the tie-up.
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor
Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor
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