Switzerland

Facebook sets up Libra Networks to create its own cryptocurrency

Mon, May 20, 2019

Facebook wants to be part of the exciting world of digital currency and before any other technology giant takes the leap, the social networking service has reportedly started working on its virtual money in Switzerland. According to a Swiss news site Handelszeitung, Facebook has set up a company called Libra Networks in Geneva that will help CEO Mark Zuckerberg build the cryptocurrency.The company is owned by Facebook Global Holdings II in Ireland and will focus on developing the hardware and software for digital currency-related functions including payments, financing, identity management, big data, analytics, and blockchain.

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Siemens sees favourable market environment next year

Thu, Nov 08, 2018

Siemens said it expects a continued favourable market environment with limited risks related to geopolitical uncertainties as the German engineering group on Thursday reported industrial profit in line with expectations.

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Indian rupee set to shock further, create more history, of the negative kind

Mon, Nov 05, 2018

With global crude prices remaining elevated, the Indian rupee is likely to be under pressure, and may touch the 76 level against the US currency over the next three months, says a report.

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This is the country where expats average income is the highest; check India's ranking

Mon, Oct 22, 2018

Everyone one has a dream of working in a foreign country where they can earn huge amounts of money and be able to afford a luxurious lifestyle. But most people spend their lives waiting or searching for the right opportunity.

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Swiss lose competitiveness crown to U.S. in revamped global rankings

Wed, Oct 17, 2018

Switzerland`s nine-year streak as the world`s most competitive economy came to an end on Wednesday, dethroned by the United States in an annual league table published by the World Economic Forum (WEF). 

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Origami drone can protect itself from collision damage

Thu, Jul 26, 2018

Scientists have developed a resilient drone - inspired by the traditional Japanese paper folding art of origami - that can change its shape to minimise damage when it runs into something.

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China enters world's top 20 most-innovative economies

Wed, Jul 11, 2018

India maintains its top place in the Central and Southern Asia region, moving up three spots, from 60th in the GII 2017 to 57th this year. Iran remains second in this region, while Kazakhstan is third.

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Diversity key for business innovation, better revenues: BCG

Sun, Jan 28, 2018

In both developing and developed economies, companies with above-average diversity on their leadership teams report a greater payoff from innovation and higher EBIT margins

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Modi leaves for Davos to attend World Economic Forum

Mon, Jan 22, 2018

Prime Minister Narendra Modi on Monday left for Davos in Switzerland to attend the World Economic Forum. "Showcasing India`s resilient economy and India`s attractiveness as a destination of doing business! 

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Money in Swiss banks: India slips to 88th place; UK on top

Sun, Jul 02, 2017

India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.

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Tough action against those helping hide black money: PM Modi

Sun, Jul 02, 2017

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Black money: Switzerland ratifies auto info sharing with India

Fri, Jun 16, 2017

Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters, the Swiss Federal Council said the implementation is planned for 2018 and the first set of data should be exchanged in 2019.

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HSBC reveals ongoing tax evasion probe in India, US, France, others

Mon, Feb 27, 2017

HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.

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India attends international task-force meet on Panama Papers in Paris

Fri, Jan 20, 2017

The Government of India announced on Friday of its participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting on Panama Papers held in Paris on January 16 and 17. 

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Donald Trump tax cuts could mean more Novartis investment in US

Wed, Jan 18, 2017

Donald Trump`s plans to cut US corporate tax rates could trigger increased investment in the United States (US) by Novartis, its chief executive told Reuters, despite the president-elect`s recent harsh words on drug prices.

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Credit Suisse to cut costs further, lowers targets

Wed, Dec 07, 2016

Credit Suisse on Wednesday announced more than 1 billion Swiss francs ($991 million) in extra cost cuts as Chief Executive Tidjane Thiam tries to compensate for challenging conditions which have hampered his restructuring of the lender.

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Roche to lay off nearly 350 IT jobs by end-2017

Sat, Jul 02, 2016

Roughly 100 positions will be cut in Switzerland with another 100 in the United States, the spokesman said.

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Switzerland breaks NSG promise with India; echoes China in saying NPT signing needed

Fri, Jun 24, 2016

Earlier, Switzerland had promised India it would support its bid for NSG membership during Prime Minister Narendra Modi's recent visit to the country.

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Swiss central bank bracing for Brexit 'turbulence'

Thu, Jun 16, 2016

The head of Switzerland`s central bank warned Thursday that the Swiss economy could face turbulence if Britain opts to exit the EU in next week`s referendum, vowing to "take measures if required".

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India, Swiss to increase cooperation to tackle black money menace

Wed, Jun 15, 2016

India and Switzerland on Wednesday said a team would soon visit the Alpine nation to expedite pending information requests on Indians with Swiss bank accounts, while an automatic exchange of details would begin in 2018. 

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$505 billion outflow of black money from India 'heavily exaggerated', DRI informs SC

Sun, Jun 12, 2016

The report had created quite a stir in the country following which the Special Investigation Team (SIT), headed by former Supreme Court judge Justice M B Shah, had in February this year asked the DRI to ascertain the veracity of the findings.

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140 hours, 5 nations and 2 continents later PM Modi is back; see pictures

Fri, Jun 10, 2016

Prime Minister Narendra Modi has returned to India on Friday after his five-nation tour. During this tour he visited Afghanistan, Qatar, Switzerland and Mexico with an aim to bolster ties, with the highlight of his tour being an entertaining speech at the US congress.

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Does India really need to be a part of the NSG?

Fri, Jun 10, 2016

India has applied to be a member of the Nuclear Suppliers Group, but its ambition is being thwarted by China. However, developments in renewable energy mean China’s veto will have little impact on India’s clean energy push.

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