The Bavarian Government will cause to Volkswagen. The fall in the price of the automaker’s shares in Wurzburg, it said in a statement, determined by dieselgate damages the Bavarian pension funds. Bavaria’s state pension fund for civil servants lost as much as 700,000 euros ($ 783,580.00) after VW shares plunged in the wake of the Sept. 18 revelation by U.S. regulators of the carmaker’s manipulation.
Housing crisis grows. According to data released by the Resolution Foundation think tank, there was a drop in the number of homeowners in England, recording the worst figure in the last thirty years.
The percentage of households that own a home, including those with a mortgage, reached its peak in 2003, to 71%, to collapse this year at 64%, a figure not seen since 1986.
UniCredit participated in the 2016 stress tests conducted by the European Banking (European Banking Authority – EBA), finishing fourth worst place among the 51 European banks for on a transitional basis the capital, and the sixth worst adverse scenario, surpassing however the exam.
The result has led the leadership to issue a statement reassuring on the next steps that will perform "to understand the extent to which credible management actions can offset part of the scenario adverse impact, to assess the impact of the results on forward looking capital plans UniCredit and its ability to meet the needs of their own funds and to determine whether additional measures or changes in the UniCredit capital plan are necessary".
The exchange of tax information between Italy and Switzerland is officially operational. By notification through diplomatic channels, of the Milan Protocol of 23 February 2015 – which took place on July 13 but only made public Thursday, July 28 for an inconvenience in operation rituals – is in full force and effect of the strengthened tax rogatory mechanism, in changing the historic Swiss-Italian Convention of 1976 preventing double taxation.
British Airways increasing talk Arabic. Qatar Airways has announced that it has reached the 20.01% stake in the former British flag carrier. It is the fourth time in three months that increases its shareholding in Anglo-Spanish group that includes, among others, British Airways, Iberia and Vueling, taking advantage of more than 20% decline blamed by the vote on Brexit.
Daesh threats against Russia can not influence the position of Moscow in the fight against international terrorism, the Kremlin spokesman Dmitry Peskov said.
The video released today by terrorists in which a man, masked, threatening Putin, exhorts his "brothers" Muslims for jihad against Russia led the government to express itself firmly. "These threats are not able in any way to influence the policy of Russia and President Putin in the fight against international terrorism, which of course will continue in all directions," Peskov told reporters.
In the second quarter, UBS realized a net profit of 1.03 billion Swiss francs, a decrease of 14% over one year. The result is, however, a rise of 46% compared to the first quarter of 2016.
Profit before tax fell by 15% to 1.49 billion francs a year, but it increased by 52% over the first quarter, he has now shown the first Swiss bank in a statement. Operating revenues decreased by 5% to 7.4 billion over the year.
The Swiss National Bank (SNB) posted a profit of 21.3 billion francs in the first half of 2016. In the same period last year, the central bank had suffered a loss of 50.1 billion, due to the strong franc .
The gold reserves have generated an increase of 7.6 billion francs, now it indicates the monetary issuing bank in a statement. In late June, the price of the precious metal stood at 41’408 francs per kilogram, compared to 34’103 francs in the same period of 2015.
