Business Standard

Page 3 - Switzerland

Super-wealthy may quit UK over Labour plans for inheritance taxes on trusts

Economists say overall tax levels are likely to approach an all-time high whoever wins the election, despite promises by both main parties not to increase major tax rates

Super-wealthy may quit UK over Labour plans for inheritance taxes on trusts
Updated On : 14 Jun 2024 | 12:24 PM IST

Peace summit for Ukraine conflict opens in Switzerland without Russia

Switzerland will host scores of world leaders this weekend to try to map out first steps toward peace in Ukraine even though Russia, which launched and is continuing the war, won't take part. Ukrainian President Volodymyr Zelenskyy's government didn't want Russia involved, and the Swiss aware of Moscow's reservations about the talks didn't invite Russia. The Swiss insist Russia must be involved at some point, and hope it will join the process one day. Ukrainians too are considering that possibility, Zelenskyy's top adviser says. The process unlikely to produce major results this weekend is seen as a largely symbolic effort on the part of Kyiv to rally the international community and project strength against its better armed and manned adversary. But the question looming over the summit will be how the two countries can move back from the brink and eventually silence guns in a war that has cost hundreds of billions of dollars and caused hundreds and thousands of deaths and ...

Peace summit for Ukraine conflict opens in Switzerland without Russia
Updated On : 14 Jun 2024 | 10:51 AM IST

Human trafficking case: Nanny like second mum to family, says Ajay Hinduja

He said he wanted to thank the woman for her work for the family, adding that she's still in touch with his kids and sends them Diwali greetings by phone

Human trafficking case: Nanny like second mum to family, says Ajay Hinduja
Updated On : 11 Jun 2024 | 11:39 PM IST

Germany hosts conference for Ukraine before peace summit in Switzerland

Germany is hosting a conference on Tuesday to gather support for Ukraine's recovery from the destruction wreaked by Russia's war, sending a new signal of solidarity with Kyiv at the start of a week of intense diplomacy. The two-day Ukraine Recovery Conference in Berlin, following up on a similar gathering in London a year ago, comes before the Group of Seven summit of Ukraine's leading Western allies in Italy and a global peace summit in Switzerland this coming weekend. Ukrainian President Volodymyr Zelenskyy, who last week attended events marking the 80th anniversary of the D-Day landings in France, is expected at the gathering, which the German hosts say will bring together 2,000 people from politics, business and other areas. Even during the current times of war, Ukraine needs to continually rebuild houses, water pipelines, hospitals and power grids, German Development Minister Svenja Schulze said in a statement. People want to keep on living in their country, and to do so they .

Germany hosts conference for Ukraine before peace summit in Switzerland
Updated On : 11 Jun 2024 | 11:32 AM IST

Wipro appoints Bruno Schenk as country head, MD for Switzerland

IT major Wipro on Monday said it has appointed Bruno Schenk as the Country Head and Managing Director for Switzerland, with immediate effect. He will report to Wipro's Europe CEO Pierre Bruno. Schenk is taking over from Ren Mulder, who has decided to explore new opportunities beyond Wipro, the company said. Schenk was previously the CEO of Eviden Switzerland, an Atos business. "I extend a warm welcome to Schenk, and I look forward to the insights, energy and rigour he will bring to our clients and teams in Switzerland and as part of our Europe Leadership Team," said Pierre Bruno. "Ren and Schenk will work together closely over the coming weeks to ensure a smooth transition. I'd like to thank Ren for his leadership over the last four years, delivering outstanding value and innovation and for building a strong, client-focused team in the region," he said. In May, Wipro appointed Sarat Chand as regional head and managing director of its northern Europe region.

Wipro appoints Bruno Schenk as country head, MD for Switzerland
Updated On : 03 Jun 2024 | 10:02 PM IST

Switzerland on a budget: Indian CA reveals secret to affordable Alps trip

Swiss Travel Pass allows unlimited travel on trains, buses, trams, and some lake boats within Switzerland. This eliminates the need to purchase individual tickets for each journey

Switzerland on a budget: Indian CA reveals secret to affordable Alps trip
Updated On : 29 May 2024 | 10:38 AM IST

India friend of world, expect it to bring peace to Ukraine: Switzerland

India is a friend of the world and the global community expects it to contribute significantly in bringing peace to war-torn Ukraine, Swiss State Secretary of Foreign Affairs Alexandre Fasel said on Friday as Switzerland prepares to host a major summit next month to end the conflict in Ukraine. Fasel held wide-ranging talks with his Indian interlocutors and extended an invitation to the Indian prime minister for participating at the summit that is aimed at charting a course for a just and lasting peace in Ukraine. Switzerland has extended invitations to over 160 countries for the summit to be held on June 15 and 16. "India is a friend of the world. There is really an expectation from the international community that India can contribute to this (peace) process," Fasel told PTI in an interview. "India is a friend of peace. India has a great experience in conflict transformation and peace promotion. The expectation really is that we can work together and count on India's support," he

India friend of world, expect it to bring peace to Ukraine: Switzerland
Updated On : 17 May 2024 | 8:58 PM IST

Switzerland conference on Ukraine futile without Russia, says Kremlin

Russia has previously said it saw no point in a conference being planned by Switzerland to discuss how to end the Ukraine conflict

Switzerland conference on Ukraine futile without Russia, says Kremlin
Updated On : 16 May 2024 | 1:47 PM IST

Ukraine peace talks should include Russian representatives: China diplomat

Moscow has said it sees no point in Ukraine peace talks in Switzerland, while Kyiv has said it sees no place at the summit, held near the Swiss city of Lucerne, for Russia

Ukraine peace talks should include Russian representatives: China diplomat
Updated On : 07 May 2024 | 9:17 AM IST

Putin mocks scheduled Ukraine peace talks, highlights Russia's interests

Russia's President Vladimir Putin on Thursday mocked a scheduled round of Ukraine peace talks in Switzerland, warning that Moscow will not accept any enforced plans that ignore its interests. Switzerland's government said Wednesday it will host a high-level international conference in June to help chart a path toward peace in Ukraine after more than two years of fighting, and expressed hope that Russia might join in the peace process someday. Putin charged that Russia hadn't been invited to join June's talks, while pointing at Swiss recognition that a peace process can't happen without Russia. They aren't inviting us there, Putin said. Moreover, they think there is nothing for us to do there, but at the same time they say that's it's impossible to decide anything without us. It would have been funny if it weren't so sad." Russia has dismissed Ukrainian President Volodymyr Zelenskyy's peace formula requiring Moscow to pull back its troops, pay compensation to Ukraine and face an ...

Putin mocks scheduled Ukraine peace talks, highlights Russia's interests
Updated On : 12 Apr 2024 | 6:34 AM IST

Global watchdog FSB welcomes reform proposals for Swiss banking system

'We welcome the Swiss government's steps to further strengthen their Too Big to Fail framework in light of last year's turmoil,' said FSB Secretary General John Schindler

Global watchdog FSB welcomes reform proposals for Swiss banking system
Updated On : 11 Apr 2024 | 7:15 PM IST

Switzerland to host Ukraine peace summit in June, invites over 100 nations

In an official post on X, Ignazio Cassis said, "Switzerland will host a High-Level Conference on Peace in Ukraine"

Switzerland to host Ukraine peace summit in June, invites over 100 nations
Updated On : 11 Apr 2024 | 12:26 PM IST

UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue

Switzerland's plan will come under close scrutiny at home and abroad because if UBS were to unravel, there are no local rivals left that could absorb it

UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue
Updated On : 10 Apr 2024 | 10:32 PM IST

Swiss govt's 'too big to fail' list could saddle UBS with rougher rules

At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank an exceptional weight for a major economy

Swiss govt's 'too big to fail' list could saddle UBS with rougher rules
Updated On : 08 Apr 2024 | 12:38 PM IST

Switzerland unexpectedly cut key interest rate by 25 basis points to 1.5%

Officials in Zurich lowered their benchmark to 1.5%, the first such reduction for one of the world's 10 most-traded currencies since the pandemic abated

Switzerland unexpectedly cut key interest rate by 25 basis points to 1.5%
Updated On : 21 Mar 2024 | 11:39 PM IST

Switzerland, UAE, China lead double digit imports growth in February

After growth in merchandise imports remained in negative territory for most of 2023, inbound shipments have turned positive for two consecutive months since January

Switzerland, UAE, China lead double digit imports growth in February
Updated On : 21 Mar 2024 | 12:09 AM IST

Hinduja human trafficking trial set for June as family's arguments rejected

"The charges of usury and human-trafficking were sufficiently well-described by the Prosecutor's Office and don't need to be sent back for restating," Judge Mascotto said

Hinduja human trafficking trial set for June as family's arguments rejected
Updated On : 20 Mar 2024 | 11:59 PM IST

India can reverse mkt access to EFTA if FDI commitments not met: Artieda

$100 billion FDI is a massive number. It took my breath away, said Swiss State Secretary for Economic Affairs Helene Budliger Artieda

India can reverse mkt access to EFTA if FDI commitments not met: Artieda
Updated On : 10 Mar 2024 | 11:15 PM IST

Will get duty-free access to India for selected agri products: Switzerland

Switzerland on Sunday said it will get duty-free access to the Indian market for selected agricultural products after a transition period of up to ten years under the trade agreement signed between India and EFTA. India on Sunday signed the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) under which New Delhi received an investment commitment of USD 100 billion from these four European countries. EFTA members are Switzerland, Norway, Iceland and Liechtenstein. "India is now the most populous country in the world. The growing middle class in particular is contributing to major growth potential. However, India currently levies very high import tariffs on most products," Switzerland said in a statement. Under the FTA, India will lift or partially remove customs tariffs on 95.3 per cent of industrial imports from Switzerland (excluding gold) either immediately or with transition periods, it added. Swiss Federal Councillor Guy Parmelin an

Will get duty-free access to India for selected agri products: Switzerland
Updated On : 10 Mar 2024 | 10:48 PM IST

Here are key details of India's pact with four-nation European trade bloc

India and the members of the European Free Trade Association (EFTA) held 21 rounds of talks over 16 years to clinch the broad-based Trade and Investment Agreement

Here are key details of India's pact with four-nation European trade bloc
Updated On : 10 Mar 2024 | 3:09 PM IST