Fixed income

There could be a day when an airline will pay you to fly with them, according to the CEO of WOW Air. Skúli Mogensen, founder and CEO of low-cost carrier WOW Air, says he sees a day when customers will be paid by the airline to fly with them.
Wow Air founder and CEO Skuli Mogensen said to media: “I can see a day when we pay you to fly.” "If you come to us and trust us with your booking, we can see that your airfare is reduced to zero and even reward you for it", he added.

Net immigration to Switzerland from the European Union has fallen to its lowest level for 12 years, continuing a steady decline in immigration from nearby countries.

Nearly 6,480 more EU citizens settled in Switzerland than departed between April and June, according to data released on Monday by the State Secretariat for Migration, the lowest since the second quarter of 2005.

Credit Suisse signalled the era of cost-cutting and job cuts may be soon be over, telling employees that the bank will emphasise businesses that generate higher returns in its next strategic plan.

Credit Suisse aims to achieve its current capital, cost and pre-tax income targets by 2018 but Chief Executive Tidjane Thiam told staff preparation will start in July on its 2018-2020 plan.

Switzerland and Indonesia launched an economic cooperation and development strategy for the 2017-2020 period on Friday, renewing the European country’s commitment to support economic development in the archipelago for the next four years. The offer was launched during Schneider-Ammann’s two-day visit to Indonesia.

Cabinet Secretary Pramono Anung said that the two countries saw a sizable bilateral trade improvement in the past three years at 238 percent.

British airline EasyJet said Friday it had applied for a new air operator’s certificate in Austria to allow it to continue flying in the European Union after Brexit regardless of the outcome of negotiations.

The application "will allow easyJet to establish a new airline, easyJet Europe, which will be headquartered in Vienna and will enable easyJet to continue to operate flights both across Europe and domestically within European countries after the UK has left the EU," it said in a statement.

The EU recommended on Wednesday that three times bailed-out Greece has made enough progress in balancing its budget to be removed from special oversight of government spending.
The move is a further boost for Athens days after it secured a fresh tranche of cash from its latest bailout to meet crucial debt payments and avoid a fresh crisis.

According to a report by Russell Reynolds Associates, Fortune 500 companies are keen to employ women as general counsel with 35 per cent of open general counsel positions filled by women last year. The increase is attributed to the need for in-house experience which companies now want, having previously hired one in three general counsel from top partner ranks in law firms. Women, who are still struggling to get on the equity partnership ladder, are turning away from law firms to corporate life. Within the last three years, 91 percent of women hired externally had in-house experience and 61 percent had been a general counsel.

Swiss bank UBS is weighing up whether to move banking jobs in London to Frankfurt, Madrid or Amsterdam to cope with Britain’s planned departure from the European Union, Chief Executive Sergio Ermotti said in an interview with CNBC.

With around 5,000 employees based in London, Switzerland’s largest lender has been preparing contingency plans even before British citizens, in a referendum, voted to leave the EU in June 2016.

"I think Frankfurt is a location of choice. There are different, other locations that could come into consideration," Ermotti said in the interview broadcast on Monday, according to a transcript.