Europe

Switzerland will benefit from Brexit: Boris Collardi, CEO of Zurich-based banking group Julius Baer is fully convinced. "I’m virtually certain that Switzerland will take advantage of Brexit" Collardi said in an interview published today by Le Temps. "In terms of capital flows, persons domiciled in the United Kingdom or who have decided to use the British platform as a point of reference questions will arise about their future status of resident and the willingness of the authorities to loom as an attractive place for business. They may decide to resort to Switzerland not to put all your eggs in one basket. "

Kremlin spokesman, Dmitri Peskov, confirmed that Russian President Vladimir Putin will meet with turkish President Erdogan in St. Petersburg on August 9, as the Russian news agency Tass reported.

This is the first meeting between the two after that relations between Moscow and Ankara have been improving following the sending to Putin by Erdogan a letter of apology for the killing in November of a Russian military jet on the border between Syria and Turkey by Turkish fighter.

According to Alfred de Zayas, TTIP, Tisa and Ceta, trade agreements under negotiation or coming to ratification are tainted by "without democratic legitimacy" negotiations and contain aspects that deny "the raison d’être" of the nation and the enterprise.

The Cuban author, currently professor of international law at the School of Diplomacy and International Relations in Geneva (Switzerland), also holds the positions of the Independent Expert for the promotion of fair and democratic international order of the United Nations.

Exor leaves Italy. And it announced that the next shareholders should be, among others, Bill Gates and Jacob Rothschild that would have guaranteed an entry into the capital noting allowances that will come from the exercise of withdrawal rights by shareholders opposed the move. Exor will pay 31 euro per share.

For the first time, since the end of 2014, between the financial directors of Swiss companies optimists outnumber pessimists about the economic outlook, despite Brexit. This is what reveals a survey released today by the consulting firm Deloitte, which questioned 115 cfo. Almost a third of respondents (compared to 31% in the second quarter 2016 and 24% in the first quarter 2016) argues that global economic prospects for Switzerland are positive, while 18% are more pessimistic.

The Irish airline Ryanair closes its first quarter of fiscal year 2016-2017 with a net profit up 4% to 256 million euro, while the average rate has fallen by 10% to EUR 39.92 and passenger traffic grew by 11% to 31 million.

"The modest profit growth in the first quarter is in line with estimates," the company announced. The result, Ryanair points out, was affected by the absence of Easter in April-June period, the volatility of the market due to terrorist acts and a series of strikes, especially in France, which led to the cancellation of nearly 1,000 flights.

The 85-year-old financier George Soros, interviewed by the Italian newspaper Corriere della Sera, has intervened in the debate on the situation of Italian banks: "I agree that Italy represents a question mark to the euro in this moment. In particular, it is for the weakness of its banking system. It is something that Matteo Renzi must find a way to solve. I believe there is the will, certainly on the part of Germany, to be cooperative. Germany supports the efforts of Italy and this is important to get to a solution. "

The Volkswagen Group has announced that from next Monday will make a voluntary stop the sale of 79 models in South Korea, as reported by various German newspapers. "We have decided to suspend sales to limit confusion between dealers and customers," said a spokesman for Volkswagen South Korea, who added that in case of withdrawal, to regain certification of the involved models may take up to three months.