Archive – Banking & Fintech

British receive initial funds from tax deal

This content was published on Jan 30, 2013 Switzerland agreed with Britain last year to impose a one-off levy on money in Britons’ undeclared Swiss bank accounts and to tax future interest payments, with effect from January 1. “Switzerland thereby fulfilled an obligation which is set out in the bilateral withholding tax agreement,” the Swiss finance ministry said in a statement on Tuesday.…

Roche beats economic crisis

This content was published on Jan 30, 2013 The Basel-based company on Wednesday reported a net profit for 2012 of nearly SFr 9.8 billion ($10.6 billion) compared with just over SFr9.5 billion for 2011. It credited the rise to the approval of the breast cancer medicine Perjeta and the weakening of the franc against the dollar and Japanese yen. Improvements in productivity also…

Demolition mission

This content was published on Jan 29, 2013 Up to 13,000 people were working on the site at one point under strict supervision. In 1991, work at Stendal was stopped and the site was taken over by a property company which wanted to build a settlement of pre-fab houses. After the company went bust only one test house remained. Nowadays a group of…

It’s a wrap

This content was published on Jan 26, 2013 We have learned a bit more about the fundamental issues underlying the problems we face. And we have a fair idea of what to expect for the coming 12 months. But the myriad debates and monologues only scratch the surface of WEF. The iceberg underneath is comprised of a series of meetings between government ministers,…

Egyptian deaths touch Davos

This content was published on Jan 26, 2013 As observers pick over the aftermath of anti-government unrest in Cairo and other cities, it appears that at least seven people were killed and hundreds hurt. “I want to tell [protesters] that once you have made your voice heard, go back to work. Work hard for yourselves, your people and your families,” Qandil said at WEF.…

Glut & famine in Davos

This content was published on Jan 26, 2013 The World Economic Forum has heard two paradoxical and alarming facts about food this week: two million children die every year from starvation while 2.8 million adults literally eat themselves to death. The problem is not so much the overall quantity of food in the world but its uneven distribution. Developed countries have so much…

Seconds out – final round

This content was published on Jan 25, 2013 The crystal ball will come out tomorrow with esteemed panels of heavyweights telling us the Global Economic Outlook and The Global Agenda 2013. We’ll see how much of that turns out to be right next January. Before that, WEF regular George Soros – a hedge fund veteran renowned for bringing national economies to their knees…

“Have nots” have stage in Davos

This content was published on Jan 25, 2013 No suprises then that the subject has been receiving a lot of air time in Davos. Inequality has been boiled down to two broad strands: unemployment and the distribution of wealth. “We have not paid enough attention to inequality,” International Monetary Fund Managing Director Christine Lagarde told delegates, adding that it was corrosive to economic growth and…

Does WEF need a crisis?

This content was published on Jan 25, 2013 The Arab Spring uprisings that were nearing the conclusion of their most dramatic phase in early 2011 created an atmosphere of both tension and hope. The breathless arrival in Davos of the newly created Tunisian cabinet was a truly dramatic moment. Roll forward 12 months and Greece was about to drop off the edge of…

Big guns go pop

This content was published on Jan 24, 2013 Italian Prime Minister Mario Monti and German Chancellor Angela Merkel had a mild dig at Britain’s aloofness towards the European Union. Britain, in response, accused the EU of being uncompetitive and getting it wrong on austerity measures. So far, so uneventful. Then the bombshell for Switzerland: a renewed crackdown on tax evaders from a new…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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British receive initial funds from tax deal

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Roche beats economic crisis

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Demolition mission

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It’s a wrap

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Egyptian deaths touch Davos

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Glut & famine in Davos

More

Seconds out – final round

More

“Have nots” have stage in Davos

More

Does WEF need a crisis?

More

Big guns go pop

Popular Stories

Most Discussed