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Facebook's Libra has staggering potential - state control of money could end

The UN recognises 180 currencies worldwide as legal tender, all of them issued by nation states. It does not recognise cryptocurrencies like Bitcoin in this way, even if communities of enthusiasts have been treating them as a means of exchange for over a decade now...

By Gavin Brown 27 Jun 2019


Switzerland at epicentre of cryptocurrency revolution

ZURICH, Switzerland - Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action...

3 Apr 2018


Female millennials are the most confident and ambitious of any female generation

New PwC survey dispels myths about women and work...

5 Mar 2015


Swiss ex-banker faints as trial over WikiLeaks leak opens

GENEVA, SWITZERLAND: A former Swiss banker fainted on Wednesday at the opening of his trial for breaking Swiss bank secrecy laws for allegedly giving confidential data to WikiLeaks...

11 Dec 2014


EU challenges Russia at WTO over duties on vans

GENEVA, SWITZERLAND: The European Union said that it had launched a fresh challenge to Russia at the World Trade Organisation, seeking to strike down Moscow's import duties on vans from Germany and Italy.

22 May 2014


Holcim confirms merger talks with Lafarge

GENEVA, SWITZERLAND: Switzerland's Holcim confirmed that it is in merger talks with its French rival Lafarge in a deal that would create the world's largest cement company.

7 Apr 2014


Zurich Insurance posts 17% fall in profits

ZURICH SWITZERLAND: Swiss insurer Zurich Insurance on Thursday (15 August) said net profits fell by 17% to US$1.85bn in the first half of the year on the back of weather-related disasters.

15 Aug 2013


Swiss Life surprises with strong first half profits

ZURICH, SWITZERLAND: Insurance company Swiss Life on Wednesday (14 August) posted a near 30% rise in first-half net profits, attributing the boost to a solid performance in all areas and to strict management of margins.

15 Aug 2013


Swiss Re's profits of US$786m in quarter

ZURICH, SWITZERLAND: Switzerland-based reinsurance giant Swiss Re reported a more than nine-fold leap in second-quarter profits on Thursday thanks to a jump in premiums and with exceptional costs weighing down on last year's result.

12 Aug 2013


Glencore Xstrata axes Bond

ZURICH, SWITZERLAND - The chairman of newborn mining and commodities giant Glencore Xstrata, John Bond, was on Thursday (16 May) axed by its annual general meeting, just weeks after the Swiss-based group was created via a merger of two major mining companies.

17 May 2013

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