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.
The Geneva-based tech firm Taurus has obtained the securities license from the Swiss Financial Market Supervisory Authority and is on track to unveil its digital asset trading platform next month ...Switzerland is also a growing hub for Bitcoin and general crypto Exchange Traded Fund (ETF) products.
With a current account surplus of 14%, a trade surplus of US$30 billion and net forex purchases of 6% of GDP, Taiwan risks being labeled a currency manipulator ... However, Yellen’s hands are “tied somewhat” by the criteria applied to deciding whether a trading partner manipulates its currency, Goodman added.
NEW YORK, New York - U.S. stocks had a volatile day Wednesday. The Dow Jones industrials index hit a new intraday record high of 33,911.25. "The first quarter is a story very much about great expectations ... The Japanese yen was steady at 108.95, after piercing through the 109.00 level in Asian trading. The Swiss franc eased to 0.9229 ... ....
After launching ETPs for Bitcoin, Ethereum, and Litecoin, Europe’s largest crypto investment firm, CoinShares, has continued expanding its portfolio with the addition of an XRP exchange-traded product ...The new product will be listed on the regulated SIX SwissExchange under the ticker XRPL.
The trades follow a torrent of similar transactions that had already erased about $194 billion in market value as banks from New York to Zurich and Tokyo unwound leveraged equity bets by Bill Hwang’s family office ...Credit Suisse fell as much as 2.2% in early Zurich trading and was 1.2% lower by 9.43 a.m.
Swiss utility Axpo Holding AG today said ... Under a 10-year power purchase agreement (PPA) signed by Axpo Nordic AS, the Swiss group will buy and trade all of the electricity to be produced from a 60-MW wind farm owned by infrastructure fund Reichmuth Infrastruktur II KmGK.
Binance today announced the launch of a tradable stock contract at zero commission fee allowing traders to trade fractionally tokenized versions of mainstream stocks on Binance, The first stock token would be of Elon Musk-led Tesla which would be paired, traded, and fractionalized in Binance USD (BUSD) ... How to TradeTSLA/BUSD on Binance.
"The Iranian government seems to be angered by Korea's breach of promise to transfer $1 billion from the Iranian funds to Swiss banks," Shin said. The two countries have been consulting over how to release part of the funds through a Swiss humanitarian trade arrangement designed to facilitate the flow of humanitarian goods to Iran.