News

24.01.2017

Switzerland, best place for millennials to start their careers abroad

Switzerland remains the best all-round destination for pursuing a career abroad while Hong Kong ranks number one for those looking to fast-track their career; this, according to new data released from HSBC's latest global Expat Explorer survey of 26,871 expats from over 100 countries. For the second year in a row, Switzerland is ranked the best all-round destination for a career abroad. In addition to being a top spot for earnings, 69% of expats in Switzerland see an improvement in their work-life balance and 61% say the work culture is better than in their home country.  Part of the world`s largest and longest-running research series on expat life, the Expat Explorer Careers Table ranking is based on eight criteria: the chance to acquire new skills, career progression, job security, earnings, benefits packages, work-life balance, work culture and fulfilment at work. 

 
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24.01.2017

Trump keeps the promise and withdraws US from TPP deal

President Donald Trump moved Monday to pull the United States out of the Trans-Pacific Partnership; the 12-nation trade deal was a linchpin of former President Barack Obama's Asia policy. Among a series of executive orders, the first was a memo on withdrawing from the vast TPP trade pact, which aimed to set trade rules for the 21st century and bind US allies against growing Chinese economic clout. "We're going to stop the ridiculous trade deals that have taken everybody out of our country and taken companies out of our country," the Republican president said as he met with union leaders in the White House's Roosevelt Room.

 
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23.01.2017

Swiss Re receives approval to open branch in India

Wholesale reinsurance provider Swiss Re today said it has received approval from the Insurance Regulatory approval to open a branch in India, the world's second largest reinsurer said on Monday, part of the Swiss company's growth aspirations in the world's second most populous country. The branch, which opens operations on February 1 in Mumbai, has been licensed to sell non-life, life and health reinsurance solutions directly to clients and brokers in India.

 
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23.01.2017

German Minister Schäuble's advice for UK: look at Switzerland

German Finance Minister Wolfgang Schaeuble said Britain should look to Switzerland on how to handle relations with the European Union, for a post-Brexit model of "close co-operation", according to Swiss newspaper Neue Zuercher Zeitung (NZZ) on Sunday. "Britons should take as an example how cleverly Switzerland has linked national sovereignty and close cooperation with the European Union," he said, Britain needed a "wise political solution" to Brexit added. A series of bilateral deals have been struck between Switzerland and the EU meaning it accepts free movement of people and certain rules on trade.

 
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23.01.2017

Russia big bank to launch robot lawyer

Russia's biggest bank, Sberbank, has recently announced a launch of a robot lawyer which will be assigned a task to process letters of complaints. The innovation will axe approximately 3000 specialists currently working in the bank structure, according to a report by TASS agency, citing Sberbank’s Deputy CEO Vadim Kulik. On the sidelines of the annual Gaidar Forum, Kulik announced robot lawyer was launched in Q4 of 2016, with full robotization to be completed in the first months of 2017. “It means that approximately 3000 specialists who have been processing letters of complaints will be freed from performing this particular task. We have quite ambitious plans. We are planning to launch robot lawyers in a range of fields", he added. 

 
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23.01.2017

China Bitcoin exchanges to charge trading fees

The top three Chinese bitcoin exchanges BTCC, OKcoin, and Huobi will be charging trading fees on Tuesday. The announcement comes after the People’s Bank of China (PBOC) began inspecting the exchanges and pledging new oversight. The most vocal company so far has been the BTCC exchange giving details to the public regularly.   “BTCChina, our CNY exchange, will start charging fees for bitcoin and litecoin trading from 12:00 PM (noon) UTC+8, Tuesday, January 24th,” explains BTCC during the recent trading fees announcement. “Market makers and takers will both be charged a flat fee of 0.2 percent per transaction. We are implementing fee-based trading to curb market manipulation and extreme volatility.”

 
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23.01.2017

Gold & Stocks in 2017

Looking in the new 2017 Gold Outlook Report published by the World Gold Council, we read that in 2016 investors around the world returned in large numbers to the gold market, as a combination of macroeconomic drivers and pent up demand kept interest in gold high. But in the new year, there are some concerns that US dollar strength may limit gold’s appeal. The report provides some research information that lead to think that, on the contrary, not only will gold remain highly relevant as a strategic portfolio component, but also six major trends will support demand for gold throughout 2017 (1).

 
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20.01.2017

China-Switzerland is a win-win strategy

China and Switzerland have enjoyed a longstanding win-win partnership and China has an optmisstic economic outlook, the Swiss minister of Economic Affairs, Education and Research, Johann Schneider-Ammann said in an interview with Xinhua, chinese media on the sidelines of the World Economic Forum. "I am very proud that Chinese President Xi Jinping could come to my country and stay four days," Schneider-Ammann said  "In April last year we established such good personal relationships, and I'm proud of this success." 

 
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20.01.2017

Sig Sauer will be the new US Army handgun

Half a decade into its search for a new handgun, the US Army has chosen Sig Sauer's version of the Modular Handgun System, according to a Thursday announcement from the Army. The $580 million contract announced yesterday covers procurement over 10 years. Sig Sauer is a German Swiss company and will provide thousands of new handguns to the US military under the contract over the next decade, the Defense Department explained. 

 
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20.01.2017

IBM revenues beats estimates

IBM reported fourth-quarter earnings and revenue that beat Wall Street expectations on Thursday, thanks largely to the company’s transition towards higher-margin and faster-growing businesses like the cloud and Big Data analytics. But the iconic New York–based enterprise technology company has now suffered 19 straight quarters of declining year-over-year total revenues, a streak that has kept would-be investors on the sidelines. While earnings per share rose 4% from a year ago, revenues were down 1%, the company said. IBM's revenue has decline from the year-ago quarter since April 2012, when sales were nearly flat.

 
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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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