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Published on Dec 13, 2024

Switzerland Withdraws MFN Status from India: What It Means for Indian Businesses

Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the …

Source: Financial Express - Neutral
Published on Dec 13, 2024

Negative impact of illicit financial flows (III)

Reducing the scale of IFFs would likely result in a stable local currency. ILLICIT financial flows (IFFs) have been described fully in the past two articles, which were published in the previous two weeks. They refer to cross-border movements of funds, …

Source: The Standard - Label Pending
Published on Dec 13, 2024

Nestlé judgement fallout: Switzerland suspends MFN clause in tax avoidance pact with India, could impact $100 bn ...

In what could potentially impact Swiss investments in India and higher taxes on Indian companies operating in Switzerland starting January 1, 2025, Bern has suspended the Most-Favoured-Nation (MFN) clause in the Double Taxation Avoidance Agreement (DTAA) …

Source: The Indian Express - Center-left
Published on Dec 11, 2024

Switzerland Reports $112 Million In Frozen Syrian Assets Amid Ongoing Sanctions

Switzerland is currently holding assets worth 99 million Swiss francs ($112 million) in frozen Syrian funds, the Swiss government revealed on Wednesday. The majority of these assets have been blocked since 2011, following Switzerland’s adoption of European …

Source: Arise News - Neutral
Published on Dec 13, 2024

61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Investment and Trade treaties for investments & market access

TEXT: Africa Growth and Opportunity Act (AGOA): Duty free and quota free for 16,000 products into the US Market Kenya-U.S. Strategic Trade and Investment Framework Agreement (STIP) Economic Partnership Agreement (EPA) with the European Union: 27 member EU …

Source: Business Recorder - Neutral
Published on Dec 13, 2024

The morning catch up: Wall Street dips as investors digest...

It looks as though the Australian sharemarket will dip when trade begins, with ASX futures pointing down -0.7% to 8,290 points this morning. Wall Street had some similar hiccups overnight as investors evaluated key economic indicators in anticipation of …

Source: Proactive Investors - Neutral
Published on Dec 11, 2024

Switzerland reports $112 million in frozen Syrian assets

ZURICH (Reuters) – There are currently 99 million Swiss francs ($112 million) worth of frozen Syrian assets in Switzerland, most of which have been blocked for years, the Swiss government said on Wednesday. The bulk of the total has been frozen since …

Source: KFGO - North Dakota - Neutral
Published on 07:35 GMT

Week Ahead: Fed To Cut, But Should It? BOJ And BOE To Stand Pat, But Should They?

The Swiss National Bank and the Bank of Canada delivered 50 bp rate cuts last week, and the European central bank cut by a quarter-point. After the PPI, economists are projecting that the headline PCE deflator, which the Fed targets, will rise to 2.5% from …

Source: Seeking Alpha - Label Pending
Published on Dec 13, 2024

“Cooperation key to tackling Central Asia’s water and energy challenges,” says World Bank official

The complexities of water management and energy production in Central Asia require unified regional strategies, according to Dmitry Petrin, Regional Projects Coordinator at the World Bank, who spoke during the Eurasian Development Bank’s annual meeting in …

Source: Daryo - Uncategorized
Published on Dec 14, 2024

The key challenges for institutional DeFi adoption

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. As Bitcoin surpassed its all-time high earlier this year, driven by institutional interest, many expected a similar surge in the decentralized finance (DeFi) …

Source: CryptoSlate - Neutral
Published on Dec 12, 2024

TBC Uzbekistan Launches Osmon Card, Its First Revolving Credit Product

TBC Bank Uzbekistan, the country’s largest digital bank, announces the launch of Osmon Card, its first credit card product. Osmon Card is set to elevate the credit card experience for consumers in Uzbekistan, offering an unparalleled range of benefits, …

Source: Financial IT - Neutral
Published on Dec 12, 2024

Europe midday: Stoxx slides into red ahead of ECB as Swiss slice rates

The pan-regional Stoxx 600 index was down 0.17 at 519.26 points. Shares on Wall Street were boosted by a record finish for the tech-heavy Nasdaq, which passed 20,000 points for the first time overnight. Switzerland's central bank has slashed its …

Source: ShareCast - Label Pending
Published on Dec 12, 2024

Switzerland cuts interest rates more than expected

The Swiss National Bank (SNB) cut the SNB policy rate by 50 basis points to 0.5%, its lowest level in two years and below the cut to 0.75% expected by the market. This was the biggest cut to rates in almost a decade and followed three straight 25bp …

Source: ShareCast - Label Pending
Published on Dec 12, 2024

EFG Private Bank: Trump bringing bold but not wise policy

At the 9th Annual Private Banking Conference & Awards Switzerland 2024 event, hosted in Zurich, Dr Stefan Gerlach, chief economist at EFG Private Bank, explained what to expect from macroeconomics over the next year. To generally sum up the world …

Source: Private Banker International - Label Pending
Published on Dec 12, 2024

US Dollar Strengthens as Global Central Banks Pivot

As year-end fast approaches, central banks make their final monetary policy adjustments. Canada delivered a 50bp rate cut yesterday, while Brazil delivered a 100bp hike – because fiscal policy is too loose and inflation expectations have gotten out of hand …

Source: Investing - Neutral
Published on Dec 12, 2024

Sygnum Bank: New institutional investors likely to enter crypto

As the anticipation of a pro-crypto regulatory environment is expected with President-elect Donald Trump’s arrival, Sygnum Bank, a Switzerland-based digital asset banking group, believes that the bull run is likely to continue into 2025. According to the …

Source: crypto.news - Neutral
Published on Dec 13, 2024

MFN clause suspension by Switzerland: India needs strategic approach for int'l taxation treaties, says GTRI

New Delhi: The suspension of the MFN (most favoured nation) clause by Switzerland underscores the need for India to adopt a more consistent and strategic approach to international taxation treaties, think tank GTRI said on Friday. This suspension …

Source: The Economic Times - Center-right
Published on Dec 12, 2024

Unlocking New Possibilities in Regulated Digital Assets: Insights from David Packham, CEO of Chintai

At the Hubbis Digital Assets Forum in Dubai on November 13, David Packham, Founder and CEO of Chintai, shared a comprehensive vision for the future of regulated digital assets. With a focus on transforming traditional finance through blockchain, Packham …

Source: Hubbis - Neutral
Published on Dec 12, 2024

EBC Financial Group Launches US Stocks, Empowering Global CFD Traders to Invest in Top US Companies

EBC Financial Group introduces US Stock CFDs, providing global traders with seamless access to leading US companies such as Apple, Tesla, and NVIDIA. UNITED KINGDOM, December 12, 2024 /⁨EINPresswire.com⁩/ -- EBC Financial Group (EBC) is excited to …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

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Published on December 13, 2024 - 13:22 GMT

Women leading changes: The Women Leaders United Summit took place at the European Parliament in Brussels.

The summit highlighted the challenges Europe faces from the Russian-Ukrainian war, impacting regional security, stability, and economic development. BRUSSEL , BELGIUM, December 13, 2024 /⁨EINPresswire.com⁩/ -- On December 11, 2024, the European …

Distribution channels: Politics
Published on December 14, 2024 - 14:50 GMT

Soland Empowers Investors with Comprehensive Support for Spain Golden Visa Acquisition

Spain’s Golden Visa offers investors a gateway to Europe with residency, business opportunities, and an exceptional quality of life. DUBAI, DUBAI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- Spain’s Golden Visa program stands …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on December 12, 2024 - 11:23 GMT

THE EU FAB 6 ROADSHOWS CELEBRATE THE HERITAGE AND EXCELLENCE OF EUROPEAN WINES IN ZURICH AND GENEVA

A two-day event intended to highlight the diversity of Spanish Garnacha AOP and Premières Côtes de Bordeaux Cadillac AOP wines in the Swiss booming wine market ROMA, ITALY, December 12, 2024 /⁨EINPresswire.com⁩/ -- German and Italian versions …

Distribution channels: Agriculture, Farming & Forestry Industry, Business & Economy ...
Published on December 12, 2024 - 12:00 GMT

Avextra Supports First Fully EU-Funded Psilocybin Therapy Study, Now Approved by EMA

Exclusive Industry Role: Avextra is the industry partner in the first EU-funded project focused on psychedelic-assisted therapy for patients in palliative care suffering from depression, with a total grant of over 6.5 million EUR from the Horizon Europe …

Distribution channels: Banking, Finance & Investment Industry, Healthcare & Pharmaceuticals Industry ...

Published on December 12, 2024 - 12:00 GMT

Psypal - Neue Hoffnung für Patient:innen dank EU Förderung

BENSHEIM, Deutschland, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Die erste vollständig von der EU finanzierte Psilocibin-Therapiestudie, hat nun die Zulassung der Europäischen Arzneimittel-Behörde EMA erhalten. Die randomisierte Kontrollstudie wird das Potenzial …

Distribution channels: Banking, Finance & Investment Industry, Healthcare & Pharmaceuticals Industry ...
Published on December 14, 2024 - 15:49 GMT

Preparing your 2024 Form 20-F

Artificial intelligence The SEC has been increasingly focused on disclosure around artificial intelligence (AI), including “AI washing,” or making potentially false or misleading AI-related claims. This has been reiterated in several instances, including …

Distribution channels: Education
Published on December 13, 2024 - 21:30 GMT

Alternative Energy Market Projected to Reach US$ 3.4 Trn by 2034, Growing at a 12.4% CAGR

The global alternative energy market, valued at $940.4 billion in 2023, is projected to grow at a 12.4% CAGR, reaching $3.4 trillion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global alternative energy …

Distribution channels: Energy Industry ...
Published on December 9, 2024 - 20:21 GMT

EU statement on Syria

SWEDEN, December 9 - The fall of Assad’s criminal regime marks a historic moment for the Syrian people, who have endured immense suffering and demonstrated extraordinary resilience in their pursuit of dignity, freedom, and justice. Our thoughts go to all …

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Published on December 15, 2024 - 00:02 GMT

Quin Christian Advocates for new framework of Caribbean Economic Collaboration at Belize Summit

BELMOPAN, GA, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- Multifaceted professional and economist, Mr. Quin Christian, delivered a compelling keynote address at the Belize Summit on Caribbean Economic Development. The event convened …

Distribution channels: Business & Economy, Conferences & Trade Fairs ...
Published on December 14, 2024 - 18:21 GMT

(Video) U.S. Senators and Generals Advocate for Regime Change in Iran at Senate Gathering

Shaheen said," The importance of supporting the Iranian people’s right to self-determination, urging, “We must invest in democracy, human rights, and justice." PARIS, FRANCE, December 14, 2024 /⁨EINPresswire.com⁩/ -- The National Council …

Distribution channels: Human Rights, International Organizations ...
Published on December 14, 2024 - 17:52 GMT

TYRLC: Labour Minister Steven MacKinnon Once Again Disrespects Workers’ Rights and Undermines Canada

TORONTO, Dec. 14, 2024 (GLOBE NEWSWIRE) -- On Friday morning, instead of ordering that Canada Post deliver a fair deal to workers, Labour Minister Steven MacKinnon invoked Section 107 of the Canada Labour Code to unconstitutionally order over 55,000 postal …

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Published on December 13, 2024 - 20:52 GMT

VIRGINIA SPECIAL ELECTION TODAY STATE SENATE DIST 10

VA Senate District 10 Special Election! GOOCHLAND, VA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- TODAY is your opportunity to make your voice heard in the critical Special Election for Virginia Senate District 10. Shayne Snavely, a …

Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ...
Published on December 13, 2024 - 18:51 GMT

GraceFull Home™ Launches as Colorado’s Leading Non-Profit Furniture Bank for Denver-Area Social Service Providers

DENVER, CO, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- GraceFull Home™ is now a 501(c)(3) non-profit dedicated to transforming lives by turning excess community furnishings into comfortable homes for those exiting unhousedness, …

Distribution channels: Culture, Society & Lifestyle, Emergency Services ...
Published on December 13, 2024 - 17:39 GMT

Kelly Carnes selected to be featured in IAOTP’s Top 50 Fearless Leaders Publication

Kelly Carnes honored member of the International Association of Top Professionals (IAOPTP) will be honored at their annual awards gala in Las Vegas NEW YORK, NY, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Kelly Carnes, President and …

Distribution channels: Culture, Society & Lifestyle, IT Industry ...
Published on December 13, 2024 - 15:54 GMT

New Paradigm Institute Issues Statement Regarding Ongoing Unidentified Craft Incursions

The New Paradigm Institute urges all citizens to take immediate action and demand transparency, accountability, and the truth. WASHINGTON, DC, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Today, the New Paradigm Institute issued the …

Distribution channels: Politics, U.S. Politics ...
Published on December 13, 2024 - 13:22 GMT

Women leading changes: The Women Leaders United Summit took place at the European Parliament in Brussels.

The summit highlighted the challenges Europe faces from the Russian-Ukrainian war, impacting regional security, stability, and economic development. BRUSSEL , BELGIUM, December 13, 2024 /⁨EINPresswire.com⁩/ -- On December 11, 2024, the European …

Distribution channels: Politics
Published on December 13, 2024 - 12:00 GMT

WOMEN’S MARCH FOUNDATION ANNOUNCES THE PEOPLE’S MARCH ON SATURDAY, JANUARY 18, 2025, IN DOWNTOWN LOS ANGELES

Together, we march. Together, we fight. Together, we lead. LOS ANGELES, CA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The Women’s March Foundation is proud to announce The People’s March, set to take place on Saturday, January 18, …

Distribution channels: Culture, Society & Lifestyle, Human Rights ...
Published on December 13, 2024 - 23:09 GMT

Covid-19 in India and Sri Lanka: New Forms of Islamophobia

Are religious doctrinal differences primarily responsible for stoking intercommunal fear and hatred? What roles have state, sub-state, and transnational actors played in fomenting sectarian discord? And what could be done to avert sectarian violence; to …

Distribution channels: Politics
Published on December 13, 2024 - 22:50 GMT

U.S. Minority Business Development Agency Celebrates Capital Readiness Program Successes with NASDAQ Tower Display

NEW YORK CITY, Dec. 13, 2024 (GLOBE NEWSWIRE) -- On Thursday, November 21, 2024, the Minority Business Development Agency (MBDA) celebrated the achievements of the historic Capital Readiness Program (CRP) at the NASDAQ Tower in Times Square. Deputy Under …

Distribution channels: Politics ...
Published on December 13, 2024 - 22:08 GMT

NCLA Asks Supreme Court to Hear Case to Overturn “Petty-Offense Exception” to Jury-Trial Right

Washington, D.C., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Today, the New Civil Liberties Alliance and the Stanford Law School Supreme Court Litigation Clinic petitioned the Supreme Court to hear David Lesh v. United States. On behalf of Mr. Lesh, NCLA seeks to …

Distribution channels: Law, Politics ...
Published on December 13, 2024 - 09:00 GMT

Dinwiddie Agrees to Richard Bland College’s Independence Governance

Dinwiddie County, Va. approves of and advocates for RBC's quest for independent governance. SOUTH PRINCE GEORGE, VA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Recently, the Dinwiddie County Board of Supervisors approved a …

Distribution channels: Education, Politics ...
Published on December 13, 2024 - 20:54 GMT

EDITORIAL: Syria in the headlines; undermining the right to asylum in the background

By Catherine Woollard While Europe grappled with the momentous events in Syria, other developments this week may also have a lasting impact on refugees in Europe. As well as a heavy agenda at and in the margins of the Justice and Home Affairs (JHA) Council …

Distribution channels: Politics
Published on December 13, 2024 - 20:28 GMT

Retired Judges’ Amicus Brief Supports Judge Newman in NCLA Suit Against Her Suspension

Washington, D.C., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Six retired federal judges have filed an amicus curiae brief in Newman v. Moore supporting the unlawfully suspended Federal Circuit Judge Pauline Newman, who is represented by the New Civil Liberties …

Distribution channels: Law, Politics ...
Published on December 13, 2024 - 08:03 GMT

The New York Times Cover Story Inspires ‘The Final Fight’, as Stein Balances Film Development and Community

The New York Time's cover story inspires ‘The Final Fight,’ a true tale of family, resilience, and redemption, now in development by Stein Entertainment Group. NEW YORK CITY, NY, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- …

Distribution channels: Book Publishing Industry, Culture, Society & Lifestyle ...
Published on December 13, 2024 - 18:30 GMT

APEGA Names Paul Wynnyk, P.Eng., as New Registrar & CEO

Edmonton, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The Association of Professional Engineers and Geoscientists of Alberta (APEGA) is pleased to announce that Paul Wynnyk, CMM, MSM, CD, P.Eng., has been selected as its new registrar & CEO (RCEO), effective …

Distribution channels: Companies, Politics ...
Published on December 13, 2024 - 16:52 GMT

Service Coordination, Inc. Announces Sarah Christa Butts as Vice President of Government Relations

FREDERICK, MD, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Service Coordination, Inc. (SCI) is pleased to announce Sarah Christa Butts, MSW as its new Vice President of Government Relations. In this role, she will lead SCI’s newly established Government Relations …

Distribution channels: Companies, Healthcare & Pharmaceuticals Industry ...
Published on December 13, 2024 - 15:55 GMT

Capitol South Founder Marty Irby Named One of The Hill’s Top Lobbyists for 2024

WASHINGTON, D.C., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Marty Irby, founder and president of Capitol South, LLC, has been named one of The Hill’s Top Lobbyists for 2024, marking his fifth appearance on the prestigious list and solidifying his position as one …

Distribution channels: Food & Beverage Industry, Healthcare & Pharmaceuticals Industry ...
Published on December 13, 2024 - 15:13 GMT

OSCE builds Uzbekistan’s capacity in requesting electronic evidence across borders

On 4 December, the OSCE Transnational Threats Department, in co-operation with the OSCE Project Co-ordinator in Uzbekistan, hosted the second expert-level meeting on requesting electronic evidence across borders in Tashkent. The event centered on the …

Distribution channels: Politics