Switzerland Financial News

Pollution is causing respiratory illnesses and deaths to rise in Indonesia's island of Java, including the capital, Jakarta

The proposed NewRange Copper Nickel mine in northeastern Minnesota has suffered a fresh setback

Spanish fin-serv giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).

Hinduja Group came under an Income Tax survey on November 29, news agency PTI reported. The survey operation was carried out in the said entities located in Mumbai and some other cities, the report said citing official sources. The income tax survey operation is reportedly part of a tax evasion investigation. Under the income tax law for survey operations, only office premises were covered, reports said. An email sent by PTI to the Hinduja Group did not elicit an immediate response. According to sources cited by PTI, the income tax department action is also connected to provisions of the General Anti-Avoidance Rules (GAAR). Hinduja Group owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland). The group is currently diversifying and is readying plans to make forays into new tech, digital and fintech. According to the group, this is part of its new phase of growth.

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

NEW DELHI : European multinational companies facing hefty tax demands in India have filed a review petition urging the Supreme Court to follow the Vienna Convention in interpreting the most-favoured nation (MFN) clause in tax treaties, two people familiar with the matter said. Ruling on a batch of five petitions, a landmark 19 October Supreme Court verdict had backed the tax department in the matter, effectively doubling the withholding tax outgo of these companies, and potentially opening up more companies to similar tax demands. The aggrieved companies soon filed review petitions; among them, Steria India challenged a tax ruling pertaining to the India-France tax treaty.

Phil Collins's ex-wife Orianne Ceveyn will auction his piano and jukebox along with several pieces of Van Cleef & Arpels jewelry. Miami-based auction house Kodner will auction the Phil and Orianne Collins Collection on December 6. It will include more than $4 million worth of the former couple’s personal belongings. A Yamaha baby grand piano on which he taught his son to play is the singer’s most prized possession. A Wurlitzer jukebox that was a wedding gift from Collins' manager is equally valuable. Designer handbags (mainly Chanel) and jewels by Van Cleef & Arpels and other luxury brands will also come under the hammer. Swiss jewelry designer Cevey married the former Genesis drummer and frontman, whose solo career includes such hits as 'In the Air Tonight' and 'Against All Odds in 1999.

By Valerie Volcovici

The United States Securities and Exchange Commission (SEC) is seeking evidence regarding Binance.US’s alleged backdoor control over customer assets, resembling a structure akin to FTX, Wall Street Journal reported.

The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.

A pair of researchers from ETH Zurich in Switzerland have developed a method by which, theoretically, any artificial intelligence (AI) model that relies on human feedback, including the most popular large language models (LLMs), could potentially be jailbroken.

Canadian rock band, 'Nickelback' is all set to enthrall their fans once again. The band recently announced the big UK and European 2024 Get Rollin’ arena tour. After the successful North American tour supporting their latest LP, praised as a 'great rock album' in our 4/5 review for being crafted on the creators' terms with musical flair, songwriting finesse, and occasional immense force, the band is set to visit 12 cities across eight countries next May and June. The Lottery Winners will be joining the band on this tour. The band said that they are very excited to begin the Europe tour and meet every fan. As part of their 'Get Rollin' Tour,' the Canadian rock group is scheduled to entertain audiences with 12 arena performances across eight countries in May and June 2024. The tour will begin on May 16, 2024, in Glasgow, UK at OVO Hydro. Further, the tour will come to an end on June 8, 2024, in Munich, Germany at Olympiahalle. Adding more, the band said that it has been far too long since they have performed in Europe, and these will be incredibly special shows for the band.

ZURICH (Reuters) -The Financial Stability Board (FSB) on Monday removed Italy's UniCredit from the list of global systemically important banks and moved three banks, including Switzerland's UBS, up a bucket.

Alzheimer's disease is the most common type of dementia. As defined by the US Centers for Disease Control and Prevention, it is «a progressive disease beginning with mild memory loss and possibly leading to loss of the ability to carry on a conversation and respond to the environment». Currently, there is no cure for Alzheimer's disease.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

Satwiksairaj Rankireddy and Chirag Shetty stormed into the men's doubles semifinal at the China Masters Super 750 badminton tournament here on Friday. Top seeds Satwik and Chirag dished out an attacking game to outwit world no. 13 Leo Rolly Carnando and Daniel Marthin of Indonesia 21-16 21-14 in 46 minutes.

The brokerage firm Interactive Brokers Hong Kong has been licensed in Hong Kong for virtual asset trading by retail clients, according to a post on LinkedIn by the Managing Director for Asia Pacific at Interactive Brokers, David Friedland.

As the curtain rose on Lakmé Fashion Week 2023, the runway was not the only star of the show. Soulinaire took center stage, creating a harmonious fusion of taste and style that left attendees enchanted. In the words of Sudhir Barabari, the General Manager of Soulinaire, “We are honored to be affiliated with LFW and FDCI, upholding our legacy as the Preferred Hospitality Partner. Our commitment goes beyond providing catering services; we aim to craft an unforgettable experience, merging the worlds of fashion and food.”

The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months.

By Francesca Landini and Alvise Armellini

Leading layer-2 solution Polygon has tumbled in recent days, with MATIC price dropping -15%, and with some panicked bag-holders asking ‘Is Polygon price going to zero?’ – lets dig in.