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.
The Swiss commodities trading firm, which pleaded guilty in May, was sentenced on Friday by US district judge Sarala v Nagala in Hartford, Connecticut... Nagala delayed the sentencing in June to give Petroleos Mexicanos and its PMI Trading DAC trading arm additional time to claim restitution as a victim of the commodities firm’s fraud ... Bloomberg .
Abu Dhabi National Oil Company (ADNOC) is reportedly looking to buy all or part of the Swiss-based commodity trading giant Gunvor ... The deal, which could go from merging trading businesses to a complete takeover, would significantly increase the UAE’s reach in global commodity ...
Face of India 2022 grand finale held in Pune. PUNE, India, Sept. 14, 2022 /PRNewswire/ — Asia has become a notable force within the fashion business ... </div> ... The extensive judging panel included Mr ... military for seven decades ... Talking about the pageant Mr ... Megha Kaushik (Breguet, SwissLuxury Watches), Mr. Kiran Bhagia (Swan Commodities), Mr ... �.
Swiss-based commodity trading giant Gunvor has contracted Houston-headquartered McDermott International and its storage business, CB&I, for a front-end engineering design (FEED) of a green hydrogen import terminal in Rotterdam... .
The Swiss branch of Russia’s Sberbank has been sold to the Geneva-based m3 Groupe Holding company, freeing the bank from intensive supervision by Swiss financial regulator ... of the commodities trade.
A DAVID and GoliathCity battle broke out today when minority shareholders in PhoenixGlobal Resources vowed to fight off a �200 million takeover deal from Mercuria, a Swiss commodity behemoth with sales of $130 billion a year ... .
Rivers across the globe are disappearing. From the U.S ... Canals are empty ...Rivers that have been critical to commerce for centuries are now shriveled, threatening the global movement of chemicals, fuel, food and other commodities. The Rhine — a pillar of the German, Dutch and Swiss economies — has been virtually impassable at times in recent weeks ... .
Both offers will run between August 26 and September 9...MarketLIVE ... Nifty to hit new all-time high of 19425 in next 12 months, cooling commodity prices provide comfort. The Sebi-mandated offers are a result of the acquisition of Swiss-based Holcim’s 63.11% stake in Ambuja Cement and 4.48% stake in ACC, and a 50.05% stake held by Ambuja Cement in ACC.
With everyone now talking about energy, how commodities are traded is also becoming a talking point... We covered how the Watr Foundation, a Swiss-registered foundation created by experience commodities founders, plans to do this via the use of blockchains, incorporating the technology into commodities trading.
“There’s no shortage of supply,” Welirang told Asia Times...Photo. WikiCommons ... Four days earlier, the first shipment of 22,600 tonnes of wheat belonging to PT Comexindo, a joint venture between US-Swiss company Harvest Commodities and Indonesia’s Asari Group, left the Russian port of Novorossiysk bound for Egypt ... Photo. Twitter ... ....