(Bloomberg) — Hong Kong property tycoon Adrian Cheng is listing his venture fund C Capital on the Swiss Stock Exchange through a merger. The company will merge with Swiss-listed investment firm Youngtimers AG and the entity will be renamed C Capital AG upon approval and completion of the transaction, according to a statement Monday. After...
Tag: business
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Teck closes sale of B.C. coal mining operations to Swiss giant Glencore after federal approval | CBC News
Teck Resources Ltd. says it has completed the sale of its remaining 77 per cent interest in its steel-making coal business to Glencore PLC. The news comes as no surprise following the announcement last week by the federal government that it had approved the sale of the operation to the Swiss commodities giant. Vancouver-based Teck received $7.3 billion US...
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High immigration from Europe reflects strong Swiss employment growth
The State Secretariat for Economic Affairs (SECO), the Swiss Trade Union Federation and the Swiss Employers’ Association on Monday presented the 20th report on the free movement of persons accord between Switzerland and the EU, which came into force in 2002. Keystone / Adrian Reusser Around 68,000 people moved to Switzerland from other European countries...
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One person found dead and two missing in Switzerland floods
VIENNA (AP) — Rescuers in Switzerland have found the body of one of three people who had gone missing on Saturday after massive thunderstorms and rainfall in the southeast of the country caused a rockslide, Swiss authorities say. The other two are still missing. One woman was pulled out alive from the rubble earlier on...
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Euro 2024: Everything you need to know about Switzerland vs Germany game
SPOTLIGHTS Germany has already secured a spot in the Round of 16 Switzerland needs at least a draw to guarantee qualification Both teams are aiming for a victory to boost confidence By Seyi Babalola Germany became the first team to reach the round of 16 by defeating Hungary after overcoming Scotland on the first day....
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4 members of a billionaire family get prison in Switzerland for exploiting domestic workers
GENEVA (AP) — An Indian-born billionaire and three family members were sentenced to prison on Friday for exploiting domestic workers at their lakeside villa in Switzerland by seizing their passports, barring them from going out and making them work up to 18 hours a day. A Swiss court dismissed more serious charges of human trafficking...
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Germany take care of business against Hungary; Switzerland and Scotland settle for draw
Germany have secured their place in the knockout rounds with a second victory in just as many games, this time beating Hungary, 2-0, last night in Stuttgart. The host nation had to work a bit harder for this one than for their 5-1 laugher of a win over Scotland to begin the tournament, but the...
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Hindujas: A look at the billionaire family and their companies
Ajay Hinduja, the scion of the family’s Swiss-based branch, refuted allegations that he forced an Indian nanny to work 18-hour days without leave, calling the claim “idiotic” and describing her “like a second mum” to his kids, Bloomberg reported. The case also names his wife, Namrata, and parents, Prakash and Kamal. Here’s a closer look...
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HSBC ‘breached money laundering rules’, says Swiss regulator
HSBC Private Bank (Switzerland) is accused of violating money laundering regulations. The Swiss Financial Market Supervisory Authority (Finma) has ordered measures to be taken. This content was published on June 18, 2024 – 17:20 The Swiss subsidiary of the British banking group failed to comply with its money laundering prevention obligations in respect of two...
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A peace summit for Ukraine opens in Switzerland, but Russia won’t be taking part
GENEVA — Switzerland will host scores of world leaders this weekend to try to map out first steps toward peace in Ukraine even though Russia, which launched and is continuing the war, won’t take part. Ukrainian President Volodymyr Zelenskyy’s government didn’t want Russia involved, and the Swiss — aware of Moscow’s reservations about the talks...
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Switzerland, in Partnership With the African Development Bank Group, Aims to Expand Opportunities for the Swiss Private Sector in Africa
The Swiss private sector would like to play a more substantial role in the African Development Bank’s operations in Africa. This desire was expressed during meeting between Bank senior management and the Swiss economic mission, spearheaded by Ivo Germann, Director of Foreign Economic Affairs at the State Secretariat for Economic Affairs (SECO). The Swiss delegation...
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Switzerland expects bumper summer for tourism
The Äscher-Wildkirchli guest house in Alpstein is a favourite tourist spot. Keystone / Gian Ehrenzeller Swiss hotels and holiday hotspots are looking forward to another record summer with Chinese guests in particular predicted to boost overnight stays by 0.4%, according to the KOF Swiss Economic Institute. This content was published on May 28, 2024 –...