Switzerland (/ˈswɪtsərlənd/), officially the Swiss Confederation (Latin:Confoederatio Helvetica, hence its abbreviation CH), is a country in Europe. While still named the "Swiss Confederation" for historical reasons, modern Switzerland is a federaldirectorial republic consisting of 26cantons, with Bern as the seat of the federal authorities, called Bundesstadt ("federal city"). The country is situated in Western and Central Europe, and is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285km2 (15,940sqmi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8 million people is concentrated mostly on the Plateau, where the largest cities are to be found: among them are the two global and economic centres, Zürich and Geneva.
Swiss was formed after the 2002 bankruptcy of Swissair, Switzerland's former flag carrier. Crossair had 40% of its income come from the defunct Swissair. The new airline's losses totaled $1.6 billion from startup until 2005. Swissair's biggest creditors, Credit Suisse and UBS, sold part of Swissair's assets to Crossair, the regional counterpart to the transatlantic Swissair. At the time, both Swissair and Crossair were under the same holding company, called SAirGroup. Crossair later changed its name to Swiss, and the new national airline started its operations officially on 31 March 2002. The airline was first owned by institutional investors (61.3%), the Swiss Confederation (20.3%), cantons and communities (12.2%) and others (6.2%). Swiss also owns subsidiary companies Swiss Sun (100%) and Crossair Europe (99.9%). It has a total of 7,383 employees.
Shares in Aryzta, owner of the Cuisine de France brand in Ireland and supplier of par-baked goods to customers from McDonald’s and Subway to Lidl, Aldi and Dunnes Stores, were down 10.4 per cent at 1.54 Swiss francs in Zurich in midmorning trading, having reached a five-year high ...
The SwissNational Bank sold most of its investment in AMC stock, and cut back in Apple, Nvidia, and Tesla investments in the third quarter ... The central bank of Switzerland recently reduced some of its high-profile investments in U.S.-traded securities ... The Swiss bank sold 6.6 million Apple shares to end the third quarter with 50.6 million shares.
BBVASwitzerland, the Swiss subsidiary of the ... BBVA’s Swiss unit is the latest in a string of prestigious banks that have entered deals with Metaco in recent months ... In June 2021, the private bank introduced cryptocurrency trading and custody services for its Swiss clientele.
Treasury, the DOJ, and the Commodity Futures Trading Commission (CFTC) announced the settlement with Binance ...Crypto exchange Bittrex Global announced that it decided to wind down its operations, ceasing all trading activity by December 4, 2023 ... Santander started offering trading and investing in Bitcoin and Ethereum for clients with Swiss accounts.
This innovative offering allows these elite clients, particularly those with Swiss accounts, to engage in trading and investing in major cryptocurrencies, namely Bitcoin (BTC) and Ethereum (ETH) ...Santander Expanding the CryptoFrontier ... Navigating the Future of Finance ... ....
Glencore, a Swiss multinational commodity trading and mining company, and Merafe Resources have been in a chrome joint venture for more than a decade, with the latter being the junior empowerment partner. The joint venture finds expression through a pooling and sharing venture (PSV) ... It has two other smelters in Mpumalanga and Limpopo.