Portraits of ousted Syrian President Bashar al-Assad dumped in a skip in the Damascus suburb of Daraya on Monday. Photo / Rami al Sayed, AFP Switzerland is home to around 99 million Swiss francs ($190 million) in frozen Syrian assets, Bern’s economy ministry told AFP, denying any of it belonged to fallen president Bashar al-Assad....
Category: Bussiness
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Switzerland Cuts Emissions by 24% as Economy Doubles: UBS Whitepaper
Scaling Renewables and Energy Storage: Switzerland must double its energy capacity and address seasonal supply challenges to stay on track for net-zero goals. CHF 13 Billion Annual Investment Needed: Private capital will play a critical role in funding the transition to a low-carbon economy. Emerging Green Markets: Switzerland has opportunities to lead in carbon capture,...
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Switzerland to Mandate Businesses to Disclose 2050-Aligned Net Zero Plans
Mandatory Climate Reporting: Large Swiss companies must disclose climate-related risks, impacts, and emission reduction targets starting January 2024. Net-Zero Roadmap Requirement: Businesses must outline 2050-aligned pathways to net-zero emissions, with stricter obligations for financial firms. Global Standards Alignment: Climate disclosures must follow internationally recognized frameworks like ISSB or EU’s ESRS. Switzerland is setting a new...
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AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports – Blue Water Healthy Living
by ReutersDecember 10, 2024December 10, 20240 Share0 FILE PHOTO: Credit Suisse annual general meeting (Reuters) -U.S. asset manager AllianceBernstein is preparing to sue Switzerland for $225 million after UBS’ takeover of Credit Suisse last year led to the erasure of $17 billion of the failed bank’s debt, the Financial...
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Ruehl to cover Switzerland, Austria for the FT – Talking Biz News
Mercedes Ruehl Financial Times correspondent Mercedes Ruehl is moving to Europe to cover Switzerland and Austria. She has been its Singapore correspondent. Prior to joining the Financial Times, Ruehl was a journalist at The Australian Financial Review, covering various sectors of business, including mergers and acquisitions, stock markets, currencies, politics, and commercial property. She also served as...
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Struggling Swiss company Meyer Burger secures $40m financing
Meyer Burger secures financing of $40 million. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. There is a glimmer of hope for the ailing Swiss solar company Meyer Burger. The company has concluded a bridge financing of $39.48 million (CHF34.7 million) with certain bondholders...
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Diplomats use immunity to avoid paying invoices from Swiss companies
A caterer from Bern who supplied food and drinks worth CHF 5,000 for an embassy celebration never received payment despite satisfactory performance. Picture: IMAGO/Depositphotos In Switzerland, international diplomats are owed over 1.3 million francs, while local companies often have no way of collecting these amounts. A case from Bern illustrates the problem. No time? blue...
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Hong Kong and Switzerland Strengthen Financial Ties in Seventh Dialogue
Timothy Morano Dec 04, 2024 13:18 The Hong Kong-Switzerland Financial Dialogue focused on enhancing collaboration in financial services, addressing global financial challenges, and exploring opportunities in sustainable finance and Fintech. The seventh Hong Kong-Switzerland Financial Dialogue took place in Hong Kong on December 4, 2024, aiming to...
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Switzerland to extend work visa quotas for foreign workers in 2025
Switzerland has announced plans to extend its work visa quotas for foreign workers in 2025 as part of efforts to address labour shortages in key sectors. The Swiss Federal Council revealed that up to 8,500 highly skilled workers from non-EU countries will be eligible to work in the country under the same system as in...
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Landmark bribery trial begins in Switzerland | ICLG
For the first time, a Swiss Court will pass a judgment on the criminal liability of a company involved in… For the first time, a Swiss Court will pass a judgment on the criminal liability of a company involved in the bribery of foreign public officials. Court proceedings against Trafigura Beheer BV (TBBV) over...
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Lombard Odier indicted in Switzerland for money laundering – Blue Water Healthy Living
By Dave Graham and Oliver Hirt ZURICH (Reuters) – Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm’s former employees for “aggravated money laundering”, in a rare charge of such magnitude against one of Switzerland’s biggest and oldest wealth managers. The bank and the ex-employee are suspected of having played...
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Lithium Argentina to Establish Corporate Domicile in Switzerland
VANCOUVER, British Columbia, Nov. 29, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (“Lithium Argentina” or the “Company”) (TSX: LAAC) (NYSE: LAAC) today announced its intention to establish corporate domicile in Switzerland under the new name, Lithium Argentina AG. The move, which requires shareholder, stock exchange and court approval, is expected to occur in early...