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 privately owned Swiss commodities trading giant is embroiled in a high-profile lawsuit against Prateek Gupta, an Indian businessman, who Trafigura alleges masterminded a huge fraud against the company. Sponsored ... .
Roche Holding AG has agreed to buy Carmot Therapeutics Inc, the developer of a new kind of weight-loss treatment that is the hottest commodity in the pharmaceutical industry, in a deal that could eventually push the Swiss drugmaker into competition with European rival Novo NordiskA/S.
The first was the inauguration of the Black Agriculture Commodities Federation, held at the Agricultural Research Council, where I delivered a keynote address; the second was at the SwissEmbassy, where we discussed confronting scarcity, with specific emphasis on food ... The Swiss Embassy holds a St.
LUSAKA, Dec ... Since assuming control of Mopani CopperMines from Glencore in 2021, Zambia has been on the lookout for a new investor for the assets, following an agreement to pay the Swiss commodities company 1.5 billion U.S. dollars in a debt-funded deal. Enditem .
Mopani is currently owned by ZCCM, the Zambian government's investment arm ...Zambia has been searching for a new investor for Mopani since it took control of the assets from Glencore in 2021 after agreeing to pay the Swiss commodities giant $1.5 billion in a deal funded by debt ... 10, citing a source ... Our Standards ... Acquire Licensing Rights ... ....
Administrative Law JudgeJames LaFave said in a ruling late Tuesday that the design for the mine's waste basin won’t adequately prevent water pollution ...Swiss commodities giant Glencore in recent months upped its stake to become the sole owner of PolyMet Mining ... Other environmental groups also welcomed the ruling ... “The crux of the issue is simple ... .
...Western sanctions, the latest data from the SwissFederal Council has revealed ... However, the Swiss regulation states that gold that was produced in Russia before the embargo is not subject to sanctions, meaning that the commodity can be legally imported from third countries.
Glencore, a Swiss multinational commodity trading and mining company, and Merafe Resources have been in a chrome joint venture for more than a decade, with the latter being the junior empowerment partner. The joint venture finds expression through a pooling and sharing venture (PSV) ... It has two other smelters in Mpumalanga and Limpopo.
Japan’s economy shrank by 2.1% on an annualised basis in the third quarter, or by 0.5% on the previous quarter, amid weak household consumption and business spending ... Its share price is up by 240% since the start of January ... The Swiss commodities company is taking a 77% stake, with Nippon Steel of Japan and POSCO of South Korea owning the rest ... .
Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said yesterday, capping fraught negotiations between the groups ... Glencore, which is active in commodity trading and mining, had unveiled ...
The Swiss-based mining and commodity trader Glencore has never disguised its continued interest in coal, which has proved a great money spinner ...SuccessorGary Nagle has gone one better by spending £5.7billion on buying 77 per cent of Canada-based Teck Resources’ metallurgical coal assets ... ....