Nestle India has clarified that the suspension of the most favoured nation (MFN) clause granted to India by Switzerland will not affect its operations. The company described the development as a “policy issue” between the two governments and not specific to Nestle. On December 11, the Swiss government suspended the MFN status granted to India...
Tag: industry
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UK Resumes Trade Talks With Switzerland in ‘Global Britain’ Push
(Bloomberg) — British and Swiss trade negotiators will resume trade talks on Monday as they seek to broker deeper access to each other’s financial services markets as well as agreements on data sharing and worker visas. The meeting in London — the fifth round of talks between the two nations aimed at enhancing their existing...
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Private Equity Billionaires Seek to Torpedo Swiss-EU Talks
(Bloomberg) — Switzerland’s efforts to forge a new deal to govern relations with the European Union have run into substantial new opposition, in the form of the three billionaire founders of Partners Group Holding AG. Alfred Gantner, Marcel Erni and Urs Wietlisbach, Goldman Sachs Group Inc. alumni who’ve built one of Europe’s most valuable private...
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Melting Alps Glacier Means Switzerland and Italy’s Border Has to Move
(Bloomberg) — Switzerland and Italy tweaked their mountain border under the Matterhorn peak as climate change in the Alps is melting the glaciers that have historically marked the frontier between the two countries. “Significant sections of the border are defined by the watershed or the ridge lines of glaciers, firn or perpetual snow,” the Swiss...
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 "Switzerland mulls ending centuries-old neutrality amid growing animosities between Russia & Europe")
Switzerland mulls ending centuries-old neutrality amid growing animosities between Russia & Europe
While Switzerland has maintained neutrality since 1515, a study committee recommended the country’s government work on a ‘common defence capability’ with the EU and NATO read more Amid the growing animosities between Russia and Europe, Switzerland is rethinking its centuries-long neutral stance over global conflicts. In a bombshell report published on Thursday, a group of...
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Switzerland Is Getting Squeezed Between China and the US
(Bloomberg) — Back in 2013, several dozen Swiss business representatives traveled to Beijing to attend the signing of a free-trade agreement between Switzerland and China, toasting the success with champagne. Implemented the following year, the FTA was hailed in a PricewaterhouseCoopers LLP report at the time as a landmark accord that “recasts the international trade...
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Hong Kong Tycoon Adrian Cheng to List His Venture Fund in Switzerland
(Bloomberg) — Hong Kong property tycoon Adrian Cheng is listing his venture fund C Capital on the Swiss Stock Exchange through a merger. The company will merge with Swiss-listed investment firm Youngtimers AG and the entity will be renamed C Capital AG upon approval and completion of the transaction, according to a statement Monday. After...
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Teck closes sale of B.C. coal mining operations to Swiss giant Glencore after federal approval | CBC News
Teck Resources Ltd. says it has completed the sale of its remaining 77 per cent interest in its steel-making coal business to Glencore PLC. The news comes as no surprise following the announcement last week by the federal government that it had approved the sale of the operation to the Swiss commodities giant. Vancouver-based Teck received $7.3 billion US...