Page 3 - Switzerland

Video: Massive glacier collapse crashes into Swiss village, buries homes

A glacier collapse buried most of Blatten after a preemptive evacuation; rescue teams are using drones to find a missing man as fears of flooding loom

Granules India completes acquisition of Swiss CDMO Senn Chemicals AG

The acquisition was executed through Granules' wholly owned subsidiary, Granules Peptides

Iran will deliver 'strong blow' against US if it attacks, says Khamenei

Donald Trump reiterated his threat on Sunday that Iran would be bombed if it does not accept his offer for talks outlined in a letter sent to Iran's leadership in early March

Yen, Swiss franc rise, dollar drops as DeepSeek fuels risk concerns

The benchmark S&P 500 was down 1.6 per cent to 6,003.04, dragged down by technology stocks. AI chipmaker Nvidia was down nearly 14 per cent to $123.02

India puts up big show at Davos WEF, bags Rs 20 trn investment commitments

As the five-day World Economic Forum Annual Meeting ended on Friday, Indian leaders said they could see trust for India in eyes of all global leaders and that was reflected in investment commitments totalling over Rs 20 lakh crore with Maharashtra grabbing the biggest pie of almost 80 per cent. Union minister Ashwini Vaishnaw, who led the largest ever Indian delegation of five Union ministers and several leaders from states including three chief ministers, said trust and talent are the biggest factors attracting the world to India. All states and central government departments shared space for the first time at two India Pavilions and a joint press conference was held for the first time by state and Union ministers, coming from half a dozen different parties to put up a unified 'Team India' face. "We are in Davos at a very important juncture in our global geopolitical and geo economic scenario. Despite all the disruption and all the issues the world is facing, India has emerged as a

Amazon Web Services to invest $8.3 bn in Cloud infra in Maharashtra

Plan will create more than 81,000 jobs and contribute $15.3 bn to India's economy by 2030, says company

Ashwini Vaishnaw meets Swiss delegation for railways tech, safety

Sources revealed that the Swiss Federal Railways made a presentation showcasing the latest advancements in infrastructure diagnostics

Andhra CM to meet Bill Gates, several global executives in Switzerland

Andhra Pradesh Chief Minister N Chandrababu Naidu is scheduled to meet Microsoft founder Bill Gates and several other global executives in Davos, Switzerland on Wednesday, officials said. On the third day of his visit to the Swiss resort town, the Chief Minister will also meet the officials from the World Economic Forum (WEF), they added. "The chiefs of Unilever, DP World Group, Petronas, Google Cloud, Pepsi and AstraZeneca are going to meet the CM. The CM will also hold discussions with Bill Gates and WEF representatives," a press release said. Moreover, Andhra Pradesh is expected to ink an agreement with renewable energy player Greenko and the CM is scheduled to attend roundtable conferences on topics such as organic farming, human mission calibration and green hydrogen, and renewable power, the release added. The CM will promote 'Brand Andhra' and showcase investment opportunities in the state, it said. Earlier, addressing a roundtable discussion on 'Building the Next Petrochem

US Senate probes Credit Suisse over hidden Nazi-era account connections

Investigators identified Credit Suisse accounts for more than three dozen individuals connected to the ratlines, Barofsky said in his letter

Swiss PE eyes IT, pharma in India portfolio rejig after 300% gain

The fund is looking to exit some India investments and deploy the winnings in other sectors in the country such as healthcare, technology, education and shadow lending

Switzerland-based TIL to invest Rs 20,000 crore in Vadhvan Port project

Terminal Investment Limited Sarl (TIL) invests in, develops, and manages container terminals across the globe

Imports from UAE, S Africa, Switzerland grew in triple digits in Nov

Contraction in merchandise exports in November was led by dip in shipments to the US, the Netherlands, China, and Bangladesh

Swiss MFN suspension may raise tax on India Inc dividend

Tax liability doubles following rollback of beneficial tax rate on income from India

Swiss MFN move won't impact $100 bn EFTA investment commitment: Barthwal

Under the Double Tax Avoidance Agreement (DTAA), Switzerland had reduced the withholding tax on Indian entities operating in that country to 5 per cent from 10 per cent earlier

Switzerland suspends MFN: What is the clause and its meaning for India?

Explained: What is the most favoured nation clause and why did Switzerland suspended it for India after the Nestle's 2023 Supreme Court ruling

India may renegotiate DTAA with Switzerland over EFTA trade pact: MEA

India on Friday said its double taxation treaty with Switzerland may require renegotiation in view of its trade pact with the member states of the European Free Trade Association (EFTA). The remarks by the spokesperson of the Ministry of External Affairs (MEA) came after the Swiss government suspended the most favoured nation status (MFN) clause in the India-Switzerland Double Taxation Avoidance Agreement (DTAA). "My understanding is that with Switzerland, because of EFTA, the double taxation treaty that we have; it's going to be renegotiated. That is one aspect of it," MEA spokesperson Randhir Jaiswal said. He was responding to a question on the issue at his weekly media briefing. India and the EFTA member states of Norway, Switzerland, Iceland and Liechtenstein sealed a free trade deal in March. Under the mega trade deal, the four European countries are looking at making an investment of USD 100 billion in India over the next 15 years. The trade pact is yet to come into force.

Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS

Swiss parliament formed a committee in June last year to probe the official response to the 167-year-old bank's demise

Top cities for expats in 2024: Zurich, Vienna, & Auckland lead the pack

Switzerland's Zurich has earned the top spot for its outstanding public services, low crime rates and strong commitment to sustainability, followed by Vienna, Austria for its cultural vibrancy

Switzerland bars exports to Polish firm after ammunition ends up in Ukraine

The Swiss government said on Friday it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of Swiss-made small-caliber ammunition ended up in Ukraine in violation of Swiss law. The State Secretariat for Economic Affairs said exports to the Polish company will be barred because the risk of diversion to Ukraine is assessed as being too high. Switzerland has long touted its neutrality in world affairs, and Swiss law bans exports of Swiss-owned or Swiss-made military hardware to countries in conflict. However the Swiss government has backed European Union economic sanctions against Russia over its full-scale invasion of Ukraine in 2022. The secretariat opened an investigation after a report by US-based news outlet Defence One last November indicated a Ukrainian company had taken receipt of 645,000 rifle cartridges of armour-piercing rounds made by SwissP Defense and delivered by a Polish importer, UMO. The investigation showed that the S

Trafigura goes after missing $500 million in Mongolian fuel fraud

Trafigura said last month it had made provisions of $1.1 billion after discovering what it described as misconduct at its Mongolian unit, including manipulation of data and concealment of overdue