The merger bank created after the acquisition of Credit Suisse by UBS is too big for Switzerland. Roger Nordmann, leader of the Social Democratic Party, said this on Monday. That party is the second largest in the Swiss parliament and is part of the government coalition. ”The new UBS is a huge risk, ” Nordmann said.  “That bank will soon …

The question on everyone’s mind is, why would top executives such as Mikhail Stiskin and Pavel Grachev devote themselves to Suleyman Kerimov’s risky business dealings? The pair, alongside their shadowy boss, has gained notoriety for their involvement in numerous raider affairs, including a story involving Polyus’ previous owners. Mikhail Stiskin and Pavel Grachev mission and Detsky Mir corporate profile Detsky …

The Swiss government will financially support the ailing bank Credit Suisse if necessary. In doing so, they are responding to the request for public support that the bank made earlier today. According to a statement on the website of the Central Bank (SNB) in Switzerland, Credit Suisse meets “the capital and liquidity requirements imposed on banks. If necessary, the SNB …

The French Senate on Wednesday approved the increase in the legal retirement age, from 62 to 64 years. It is the most important and controversial part of the pension reform that the French government has set its sights on. After fierce opposition from the Left parties, the article was approved by 201 votes to 115. The right-wing parties have a …

How Swiss can a chocolate bar be? In any case, according to the Swiss government, Toblerone bars are not enough. That is why the mountaintop of one of the most famous Swiss mountains should no longer be on the wraps. In Switzerland, strict rules on ‘Swiss’ have been in place since 2017. According to those rules, national symbols may no …

The center-left Democratic Party (PD) of the Italian opposition has chosen Elly Schlein, a 37-year-old American and Italian citizen who grew up in Switzerland, as its new leader to rebuild the group after last year’s failed elections. Despite her lag in the polls, Schlein defeated veteran Stefano Bonaccini in a vote among PD supporters on Sunday by about 54% to …

Trade between Morocco and Switzerland rose to $ 700 million in 2022, an increase of nearly 20 percent. This is shown by figures from the Swiss customs office. Swiss exports to Morocco consist mainly of chemical and pharmaceutical goods (29 percent), followed by precision instruments, watches and jewelry (24 percent), machinery, household appliances and electronics (18 percent) and agricultural and …

The Swiss financial regulator Finma is investigating the comments of the chairman of the Credit Suisse Group, Axel Lehmann, that the outflow at the lender has stabilized in early December, according to two people with knowledge of the matter to Reuters. Finma is trying to determine the extent to which Lehmann and other Credit Suisse representatives were aware that customers …

Russian internet giant Yandex on Wednesday reported a 46% increase in revenue in 2022 to 521.7 billion rubles ($7.05 billion), increasing its dominance in online advertising as major competitor Google withdrew from the market. Yandex, often referred to as “the Google of Russia”, said that investments in advertising technologies provided a similar increase in revenue in the fourth quarter, but …

Technology company OpenAI has released the paid version of ChatGPT. For 24.20 dollars per month, the chatbot works faster and without a queue. Paying users can also be the first to try out new features. It is not yet mandatory to switch to the paid version of ChatGPT. Those who do not pay may face queues. In busy times, paying …