Malta is the only jurisdiction that can provide a robust financing structure (in terms of legal certainty) for maritime assets and those shipping groups that may be looking towards the capital markets would do well to consider securitisation as a potential option.
Chinese e-commerce giant Alibaba’s executive chairman Jack Ma said the company’s ambitions to link up with Hollywood remain strong and also urged people to give President-Elect Donald Trump “some time” because “he’s listening.”
Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, the Chinese billionaire said Alibaba had a debate five years ago about what Chinese people want. “Happiness and health,” he said. “We believe the movie industry brings happiness. Today, no one is happy. Rich people aren’t happy. Poor people aren’t happy. At least when I watch a movie I’m happy.”
People’s Viennaline, an Austrian airline has begun what it claims is the world’s shortest regular international connection – an eight-minute hop across Lake Constance.
The flight, offered by air company, connects St. Gallen-Altenrhein in Switzerland with Friedrichshafen in southern Germany, just 20 kilometer. It’s part of a route that continues onward to Cologne, but passengers can book only the short part for €40.
The Belgian government and its regions have reached an agreement over the CETA trade pact between the EU and Canada, Prime Minister Charles Michel told reporters in Brussels. Early in the morning he said on Twitter: “Belgian agreement on #CETA . All parliaments are now able to approve by tomorrow at midnight. Important step for EU and Canada".
Canada’s prime minister Justin Trudeau has cancelled a trip to Brussels, as Belgium failed on Wednesday to clear internal opposition to the EU-Canada free-trade pact (Ceta). "Canada remains ready to sign this important agreement when Europe is ready," Alex Lawrence, the spokesperson for Canada’s International Trade Minister Chrystia Freeland, told German news agency DPA.
The value of trade between Lombardy and Switzerland amounts to around 11 billion euro per year. The figure is equal to one third of the more than 30 billion nationwide, according to the estimate given by the Milan Chamber of Commerce, on the 2015 data, the day after the vote in Ticino on the border restrictions.
The data broadly confirms the turnover of 2014, with a slight drop of 1%.
The encouraging data coming from exports have once more convenced the Swiss government to review forecasts for the 2016. Swiss foreign trade still growing in August and exports recorded a nominal increase of 7% (actual: + 1.2%) over the same month of 2015, rising to 16.1 billion Swiss francs, as the Federal Customs Administration indicates in a note today and now the Swiss economy is expected to grow by 1,5% in 2016. The precedent data indicated +1,4%.
Imports grew by 8.4% (+ 5.1% in real terms, ie adjusted by the evolution of prices) to 13 billion while the trade balance closed with a surplus of 3 billion francs.
PostFinance will lower rates for the companies for payments made with the PostFinance Card at the electronic terminals EFT / POS, after Mister Price had pushed towards this direction.
The reductions agreed upon by both parties globally will reduce PostFinance SA revenue of at least CHF 3.5 million in 2017 and at least 4 million francs in 2018, as stated in today’s press release of Price supervisor. The authorities took action in the second quarter 2015: the investigation had established that the business segment in question the Post Office branch has too high margins.
