Tag Archives: Business

Here’s the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits...

Soil formation is a very slow process: it takes between 10 and 30 years, depending on the area, for the thickness of a layer of earth to grow by 1 millimetre. (Keystone) - Click to enlarge A first nationwide report on the health of Swiss soils has shown that virtually all are polluted and that the resource is not being put to sustainable use. The report, published Thursday by the Federal Office for the...

The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings. Think...

Rajasthan has one of the highest maternal and newborn mortality rates in India (Keystone) - Click to enlarge The Zurich-based UBS Optimus Foundation has announced the launch of the first Development Impact Bond (DIB) in the field of healthcare. If successful, it could save over 10,000 lives in India. The foundation, which is the philanthropic arm of the Swiss bank UBS, will invest a total of $3.5 million...

Swiss beer fans can enjoy an increasingly diverse selection (Keystone/Angelika Warmuth) - Click to enlarge The amount of beer consumed in Switzerland declined last year, as it did for wine. Yet the number of specialist craft microbreweries continues to rise. Between October 2016 and September 2017, the Swiss drank 461 million litres of beer (54.5 litres per person) – down 0.2% on the previous reporting...

Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time… LiteCoin Price in USD, Mar - Nov 2017(see more posts on Litecoin, ) - Click to enlarge Bitcoin has now soared over 20% since Black Friday’s close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)… now up over 950% year-to-date. image courtesy...

Here's the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits accusing the company of fraud and securities violations. In...

Prior to the grounding, the regional carrier offered flights from Lugano to Geneva and Rome (Keystone) Switzerland’s Darwin Airline, the Lugano-based regional carrier, was forced to halt all its flights on Tuesday after its licence was revoked by the Federal Office of Civil Aviation (FOCA) over financial problems. “The FOCA has announced the immediate withdrawal of the operating licence of the Darwin company (Adria...

The city of Geneva honoured Schwab this year for his work in relation to WEF, which is based in Geneva. (© KEYSTONE / SALVATORE DI NOLFI) - Click to enlarge In an interview with newspaper NZZamSonntag, Klaus Schwab, founder of the World Economic Forum, says that WEF is more relevant than ever. “We’re the witnesses to a transformation from a unipolar to a multipolar world. In this situation, the attempt to...

The wealthiest people in one of the world’s wealthiest nations – Switzerland, have increased their assets by CHF60 billion over the past year. According to the latest edition of the German-language business magazine, Bilanz, the 300 richest residents of the country have assets totalling CHF674 billion.    + Read why Switzerland is attractive to wealthy foreigners The richest family on the list remains IKEA’s...