Swiss Prosecutors dismissed a nearly decade-old money laundering case brought by Sergei Magnitsky, a Russian tax advisor who worked with Hermitage Capital founder Bill Browder. Magnitsky was arrested on fraud allegations in 2008 and died of “untreated illness” within a year in custody.
On Friday (October 16), most of the US dollar fell against G-10 currencies. Previously released data showed that US retail sales grew faster than expected, and consumer confidence rose slightly in early October. The pound is stable as traders still have hope for the prospect of a trade agreement between the UK and the EU, and the two sides will continue negotiations next week. SEK and CAD led G-10 currencies.
The US Commodity Futures Trading Commission (CFTC) on Friday released a report, as of October 7 to October 13 the week: AUD see more willingness to cool; to see more gold willingness to cool down, gold speculative net longs decreased by 7,916 contracts to 240,671 contracts, indicating that investors’ willingness to be bullish in gold has cooled.
Swiss Foreign Minister Ignazio Cassis has left for Tehran to hold talks with officials of the Islamic Republic of Iran. Iran has claimed that the issue is not about Iran-US relations. One of the topics of discussion is the Swiss financial solution. The first stop of Cassis’ travel was the city of Isfahan.
Swiss Foreign Minister Ignazio Cassis is scheduled to pay a three-day official visit to Tehran on Saturday at the head of a high-level delegation. According to the Swiss Ministry of Foreign Affairs, the reason for this trip is to commemorate the 100th anniversary of the Swiss diplomatic presence in Iran.
France announced that 1,695 new cases of new coronavirus have been confirmed in the last 24 hours. It became the highest daily total of infections in two months. In all, COVID-19 has killed more than 30,000 people in France, making it the third-largest in Europe, after Britain and Italy.
Iran is reportedly sending a ship ferrying cargo to Venezuela. The move comes amidst growing sanctions on vessels and companies involved in facilitating bilateral trade between the two nations. Last week, the US Treasury Department enacted sanctions targeting four shipping companies.
Central banks of the major countries of the world took a joint step to compensate for the effects of the coronavirus epidemic on the global economy. The Fed, the US central bank, announced that it would buy at least $700 billion in bonds while reducing interest rates to almost zero on Sunday.
In South Korea, the number of new coronaviruses infected is gradually declining. On Sunday, March 15, authorities reported 76 new cases. Such a low rate of new infections was last observed in South Korea more than three weeks ago. Thus, the number of cases in this country reached 8,162, and 75 people have died from the effects of the infection.
Quad-play bundles services, combining television, telephone, mobile phone services with wireless technology services. Even though customers of key telecom service providers in Europe are interested in quad-play services, they expect a significant discount to their bills.
The World Health Organization has raised its assessment of the risk of spreading the COVID-19 coronavirus to “very high.” This happened after a development where Denmark, Estonia, Lithuania, the Netherlands, and Nigeria are the latest among 49 countries that have detected cases of the virus within two weeks.
The Swiss Federal Council, citing a “special” situation in terms of the Epidemics Act, has banned major events with more than 1,000 participants. Health Minister Alain Berset told the media on Friday morning that this was done as a precautionary measure. For example, the Basel Carnival, the Geneva Motor Show, concerts, and football or ice hockey games are all affected. Office buildings with more than 1,000 people are not affected by this measure.
The World Economic Forum’s 50th edition kicked off on Tuesday in Davos, Switzerland, dominated by debates on matters touching on climate change. For the second year in a row, young Swedish activist Greta Thunberg was invited to attend the conference. Early in the event, she criticized the world economic elite, who did practically nothing to combat climate change.
A new neural network has been developed by Russian researchers. It became possible while analyzing data from the world’s large Hadron collider. The Large Hadron Collider (LHC) is the world’s largest and most powerful particle accelerator. It consists of a 27-kilometre ring of superconducting magnets with a number of accelerating structures to boost the energy of the particles along the way. The Collider has been operational, since 2009.
US President Donald Trump plans to attend the World Economic Forum in Switzerland later in January. Last year, the President didn’t attend the meeting because of the record-long federal government shutdown. The annual World Economic Forum Summit, held in the popular ski resort of Davos, attracts high-profile businessmen and politicians, as well as academics and other community leaders.
Nobel Prize in Physics is a yearly award given by the Royal Swedish Academy of Sciences for those who have made the most outstanding contributions for mankind in the field of physics. The 2019 Nobel Prize in physics depends on the atomic physics.
The 2019 Nobel Prize is split between Michel Mayor (University Geneva), Didier Queloz (University of Geneva, University of Cambridge) and James Peebles ( Princeton University) for the discovery of an exoplanet orbiting a solar-type star, which is based on the radial velocity method. Also known as Doppler spectroscopy, it is the most effective method for locating extrasolar planets with existing technology.