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.
Exchange-traded funds cut their gold holdings for a fourth week running, according to an initial tally by Bloomberg. Switzerland told its gold refineries to closely audit imports arriving from the United Arab Emirates (UAE), fearing reputational damage from trading in illicit bullion.
Parmelin said he recently met Turkey’s TradeMinister Mehmet Mus at the G20 Trade and Investment Ministerial Meeting in Italy and conveyed his wish to visit Turkey this year ... Trade ties between Turkey and Switzerland have grown in recent years, while Swiss investments in Turkey also on the rise.
Coffee analysts and traders said on Friday during the annual conference organized by the Swiss Coffee TradeAssociation (SCTA) that transportation problems are preventing available supplies from moving quickly to meet demand in some areas of the world, boosting prices for the commodity.
NEW YORK, New York - U.S. stocks were on the boil on Thursday as demand grew for bank stocks. All the major indices made solid advances. "So far bank earnings have been strong ... The Dow Jones rallied 534.75 points or 1.56 percent to 34,912.56 ... The Japanese yen was little changed at 113.62, while the Swiss franc traded in a tight range around 0.9234 ... ....
I have to buy Swiss francs, Euro-based stocks and British pounds because I want to trade them on their domestic exchanges ... But it’s a multi-billion-dollar one, and I want to be alive to have a regulator domestically allow me a payment system to a Swiss franc, back and forth if I want to trade it 50 times a day, with zero FX traders.
The shadow international trade secretary, Emily Thornberry, said it was “shameful” for the UK to start playing “fast and loose” with other countries in regard to international law.Quick GuideWhat is the Northern Ireland protocol? ... One possible compromise emerging on the ECJ is to adopt the same dispute mechanism as in the EU-Swiss treaty.
Mohammad Javad Asgari said in a meeting with visiting SwissParliament Speaker Andreas Aebi that the Iranian nation has a good mentality about Switzerland and know your country as a non-aligned state has managed to play a good role ... The Swiss Parliament ...
21Shares, an issuer of cryptocurrency exchange-traded products (ETPs), today announced Copper will provide crypto-asset custody and staking services to secure the underlying assets of its cryptocurrency ETPs amidst increasing interest from institutional investors ... Its products are listed on eight regulated European and Swiss trading exchanges. .
With no exposure to iron ore other than trading, Glencore bucked the trend during Q3 and the Swiss commodities giant is up by nearly half so far this year. Glencore has not abandoned coal mining, like its peers and and its coal, gas and oil trading arm is benefiting from sky high prices for energy. .