Switzerland (/ˈswɪtsərlənd/), officially the Swiss Confederation (Latin:Confoederatio Helvetica, hence its abbreviation CH), is a country in Europe. While still named the "Swiss Confederation" for historical reasons, modern Switzerland is a federaldirectorial republic consisting of 26cantons, with Bern as the seat of the federal authorities, called Bundesstadt ("federal city"). The country is situated in Western and Central Europe, and is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285km2 (15,940sqmi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8 million people is concentrated mostly on the Plateau, where the largest cities are to be found: among them are the two global and economic centres, Zürich and Geneva.
Swiss was formed after the 2002 bankruptcy of Swissair, Switzerland's former flag carrier. Crossair had 40% of its income come from the defunct Swissair. The new airline's losses totaled $1.6 billion from startup until 2005. Swissair's biggest creditors, Credit Suisse and UBS, sold part of Swissair's assets to Crossair, the regional counterpart to the transatlantic Swissair. At the time, both Swissair and Crossair were under the same holding company, called SAirGroup. Crossair later changed its name to Swiss, and the new national airline started its operations officially on 31 March 2002. The airline was first owned by institutional investors (61.3%), the Swiss Confederation (20.3%), cantons and communities (12.2%) and others (6.2%). Swiss also owns subsidiary companies Swiss Sun (100%) and Crossair Europe (99.9%). It has a total of 7,383 employees.
Register... read more ... recession ... The dollar and other haven currencies like the yen and Swiss franc would benefit at the expense of commodity currencies and sterling for the duration of a global downturn, they added ... But that has not helped Aussie much, which has instead tracked commodity prices lower as the global economic outlook deteriorates ... ....
ZURICH (Reuters) – Switzerland is set to take a closer look at Swiss-based commodities traders to get more intelligence about a sector that has flourished in a country known for its light-touch approach to regulation ...Around 900 Swiss-based commodity traders employ more than ...
In the preliminary draft, it was still a prerequisite that at least 60% of the tonnage of ocean-going vessels must sail under the Swiss or EEA flag ... The study concluded that the overall environmental impacts of traded commodities are 19 times higher than the ones caused by total Swiss consumption.
This means that currently only rough estimates can be made of the sector's contribution to the economy, and no specific information is available on the goods traded by Swiss commodity traders ... The aim is to establish a solid foundation of reliable data on Swiss commodity trading that can be compared over time.
The ship loaded with fuel and vacuum gasoil was supposed to dock in New Orleans... and was chartered by the Swiss-based commodities trader Vitol ... Read more Anti-Russia alliance explores oil options ... According to the Journal, however, the commodity tracking platform Kpler indicates that the Daytona’s cargo is Russian in origin ... .
Swiss-based commodity trading giant Gunvor has signed a joint development agreement with US hydrogen producer Air Products to set up a green hydrogen import terminal in Rotterdam port by 2026 ... Allard Castelein, CEO, Port of Rotterdam, said ... First-mover projects like this will make Rotterdam Europe’s foremost hydrogen hub.” ... .
Swiss Sanctions ... “It’s really the same, we take all the ordinance of the European Union into Swiss law.” ... While sanctions don’t include agricultural products, the trader has found it harder to get access to financing as Swiss banks are shying away from Russian commodities — whether they incur penalties or not, the person said.
Glencore, one of the world’s largest commodities traders, has seen its revenue increase considerably this year ... The Anglo-Swiss multinational commodity trader is active in markets for metals and minerals as well as energy products and agricultural goods ... In February, the firm put its full-year commodities trading guidance at $32.8 per tonne.