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☆ Putin scores a resounding win, but what’s next for Russia?
▼ + stars: | 2024-03-17 | by ( Nathan Hodge | ) edition.cnn.com time to read: +17 min

Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018. Getty Images Putin speaks with American right-wing pundit Tucker Carlson during an interview in February 2024.

Persons: Vladimir Putin, Putin, ”, Dmitry Kiselyov, Mikhail Mishustin, Ukraine –, Kiselyov, “, Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, —, Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Yevgeny Prigozhin, Wagner, Prigozhin, Pavel Bednyakov, Kim Jong Un, Kim, Tucker Carlson, Zuma Press Putin, Maxim Shemetov, – what’s, Alexey Navalny, Navalny, ” Putin Organizations: CNN, coy, Kremlin, Getty, Russian, ZUMA Press, Putin, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, AP North Korean, Vostochny, Tucker Carlson Network, Zuma Press Locations: Russia, Ukraine, Putin Russia, Russian, Bakhmut, St . Petersburg, Leningrad, Germany, Moscow, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, Belarus, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, Tsiolkovsky, Russia's, North Korea, United States

A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis Balibouse Denis Balibouse | ReutersThe 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Here are some of takeaways from Davos after our week talking to business leaders and government officials at the conference. Experts see no U.S. recession in 2024Overwhelmingly, economic experts and executives privately said they don't expect a U.S. recession in 2024. China fighting for cashChina's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.

Persons: Denis Balibouse Denis Balibouse, –, —, Donald Trump, Andrew Ross Sorkin, Denis Balibouse, Wyclef Jean, Sam Altman, Altman, Li Qiang, Premier Li Qiang, it's, Li, Ian Bremmer, Bremmer, they're Organizations: Economic, REUTERS, U.S, The New York Times, Wipro, Artificial Intelligence, Reuters, Technology, Recruit Holdings, Premier, Eurasia Group Locations: Davos, Switzerland, Zurich, Swiss, takeaways, U.S, Israel, Gaza, China, India, Beijing

People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Javier MileiArgentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. Sam AltmanSam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He said AGI could be developed in the "reasonably close-ish future," speaking at a private gathering at the Bloomberg House in Davos, Switzerland. AI took a huge leap forward in the last year or two years," Benioff said on a World Economic Forum panel Thursday.

Persons: Denis Balibouse, Donald Trump, Ursula von der, Ursula von der Leyen, Jamie Dimon Jamie Dimon, JPMorgan, Adam Galici, Jamie Dimon, Dimon, Larry Fink's, bitcoin, Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Vladimir Putin, Zelenskyy, Putin, Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Fabrice Coffrini, Milei, Adena Friedman Adena Friedman, Adena Friedman, Friedman, Sam Altman Sam Altman, Sam Altman, Altman, Antony Blinken Antony Blinken, CNBC Putin, Antony Blinken, Blinken, Trump's, it's, Christine Lagarde, Emmanuel Macron, Macron, Dmytro Kuleba, Arnd Wiegmann, Trump, Vladimir, Ukraine's, Kuleba, Michelle Yeoh Michelle Yeoh, Mike Coppola, Michelle Yeoh, CNBC's Tania Bryer, Yeoh, Pedro Sanchez Spanish, Pedro Sanchez, Isabel Infantes, Sanchez, Li Qiang Li Qiang, Li Qiang, Li, Isaac Herzog, Kfir Bibas, Herzog, Kfir, Hossein Amir, Abdollahian, Atta Kenare, Joe, Biden, Netanyahu, Amir, Sergio Ermotti, MICHAEL BUHOLZER, Ermotti, Marc Benioff Marc Benioff, Salesforce, CNBC's Sara Eisen, Marc Benioff, Benioff, Ray Dalio Ray Dalio, Bridgewater, Ray Dalio, Dalio, Mark Carney Mark Carney, DANIEL LEAL Organizations: Economic, Reuters, European, JPMorgan Chase, CNBC, BlackRock, Getty, Afp, NASDAQ, CNBC Nasdaq, Reuters OpenAI, Bloomberg, State, European Central Bank, Central Bank, Reuters Ukraine's, United Nations Development, Spanish, Getty Images, Hamas, Palestinian, Hezbollah, Turkish, AFP, Iranian, Sergio Ermotti UBS, Getty Images UBS, Credit Suisse, Bridgewater Associates, U.S, Bank of England, UN, OLIVAS Locations: Davos, Switzerland, Ukraine, Gaza, Russia, China, Moscow, WEF, AFP, OpenAI, U.S, Russian, Iran, Europe, United States, Hollywood , California, Madrid, Spain, Beijing, Washington, Lebanese, Tehran, Israel, Hiroshima

☆ Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl
▼ + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | ReutersDeutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank . The state still has a 15% stake in Commerzbank, but Reuters reported earlier this week that Finance Minister Christian Lindner is open to disposing of it. The merger of Germany's two biggest banks would create a combined entity with around $2 trillion in assets, although Deutsche Bank's low valuation could complicate any such move. The bank trades at around 12 euros per share, a fraction of its book value, and a significant portion of assets would need to be marked down.

Persons: Denis Balibouse, Christian Lindner Organizations: Deutsche Bank, Reuters Deutsche Bank CEO, Commerzbank, Reuters, Deutsche, CNBC, Economic Locations: Germany, China, Commerzbank, Davos, Switzerland, Europe

☆ UBS to expand presence in U.S. market - Swiss paper
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: 1 min

A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsDec 3 (Reuters) - Swiss bank UBS (UBSG.S) plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net new money, or inflow of new funds, per year, an executive told Swiss newspaper NZZ Am Sonntag in an interview published on Sunday. The fourth-largest asset manager in the United States plans to invest heavily over the next three years, Iqbal Kahn, head of its asset management division, told the paper. Reporting by Victoria Waldersee, Paul Arnold Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, NZZ, Iqbal Kahn, Victoria Waldersee, Paul Arnold, Bernadette Baum Organizations: UBS, Credit Suisse, Swiss, REUTERS, Thomson Locations: Zurich Switzerland, Swiss, U.S, United States

☆ Marlon Brando's one-of-a-kind Rolex has been sold for more than $5 million — or has it?
▼ + stars: | 2023-12-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Marlon Brando's Rolex GMT-Master was recently sold at Christie's for more than $5 million. Brando's Rolex, which features unique customizations, was sold at Christie's auction house in November for more than $5 million. On November 6, 113 watches from his collection, including the Rolex GMT-Master, were auctioned off for more than $42 million. You can do anything you want to it and it will keep on going," Brando Fischer recalled her father telling her, according to the report. Brando Fischer later gifted the watch to her husband as a wedding present, which would be hidden in their home for years until it was auctioned.

Persons: Marlon Brando's, Brando, —, Marlon Brando, Francis Ford, Mohammed Zaman, Zaman, Denis Balibouse, Petra Brando Fischer, Brando Fischer, I'm, Walter E, Kurtz, Petra Organizations: Rolex, Service, Bloomberg, Oscar, Best, New York Times, Phillips, Brown University, Times Locations: Omani, Geneva, Vietnam

☆ UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

The number of billionaires rose by 7% to 2,544 people globally, UBS said in its 2023 Billionaires Ambitions Report, with their total worth rising by 9% to an estimated $12 trillion. For the first time since the study started in 2015, billionaires accumulated more wealth via inheritance than through their own business activities. Among the 137 new billionaires, a total of $150.8 billion was inherited by 53 heirs over the last year, exceeding the 84 new self-made billionaires' total of $140.7 billion, the bank said. The study highlighted a trend away from self-made billionaires, created by the tech industry boom and symbolised by the rise of Tesla boss Elon Musk and Amazon founder Jeff Bezos. Still, despite the large inherited wealth, this did not necessarily mean a new generation of super-rich 20 somethings.

Persons: Denis Balibouse, Benjamin Cavalli, Cavalli, Elon Musk, Jeff Bezos, Michael Viana, King Charles, John Revill, David Evans Organizations: UBS, Credit Suisse, REUTERS, Rights, UBS Global Wealth Management, Amazon, Thomson Locations: Swiss, Zurich, Switzerland, flotations

☆ Chemours, DuPont, Corteva reach $110 mln 'forever chemicals' Ohio settlement
▼ + stars: | 2023-11-29 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +1 min

A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsCompaniesLaw Firms 3M Co FollowChemours Co FollowCorteva Inc Follow Show more companiesNov 29 (Reuters) - Chemours (CC.N), Dupont De Nemours (DD.N) and Corteva (CTVA.N) have reached a settlement agreement with the U.S. state of Ohio for $110 million to resolve claims associated with toxic "forever chemicals", the companies said on Wednesday. Chemours said it would be responsible for half of the settlement costs, while DuPont would provide about $39 million. 3M (MMM.N) agreed in June to pay $10.3 billion to settle hundreds of claims that the company polluted public drinking water with the chemicals, while Chemours, DuPont and Corteva reached a similar deal with U.S. water providers for $1.19 billion. Reporting by Tanay Dhumal and Sourasis Bose in Bengaluru; Editing by Shilpi Majumdar and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Dupont De Nemours, Chemours, Corteva, Tanay Dhumal, Sourasis Bose, Shilpi Majumdar, Devika Organizations: REUTERS, U.S, DuPont, Washington Works, Ohio -, Thomson Locations: Dupont, Geneva, Switzerland, U.S ., Ohio, Ohio - West Virginia, U.S, Bengaluru

☆ Richemont monitoring situation at online luxury retailer Farfetch
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse Acquire Licensing RightsZURICH, Nov 29 (Reuters) - Cartier-jewellery owner Richemont (CFR.S) on Wednesday said it was "carefully monitoring" the situation after Farfetch's FTCH.N founder said he was considering taking the online luxury retailer private. Richemont, which also owns several Swiss watch brands, said it has no financial obligation to Farfetch and does not envisage lending or investing into the company. "Richemont is carefully monitoring the situation, including reviewing its options in respect of its arrangements with Farfetch, announced on 24 August 2022, which remain subject to certain terms and outstanding conditions," the company said. Richemont's brands, which also include watchmakers IWC and Jaeger-LeCoultre, have been working on transferring their online businesses to Farfetch's technology.

Persons: Denis Balibouse, Farfetch's FTCH.N, Farfetch, Richemont, Porter, John Revill, Miranda Murray Organizations: REUTERS, Rights, Cartier, watchmakers IWC, Jaeger, Thomson Locations: Bellevue, Geneva, Switzerland, U.S, YNAP, Farfetch

☆ Richemont digital strategy goes back to square one
▼ + stars: | 2023-11-29 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse Acquire Licensing RightsMILAN, Nov 29 (Reuters Breakingviews) - Johann Rupert’s digital strategy may be heading back to the drawing board. But even if Rupert can extricate himself from the Farfetch situation, Richemont’s digital plans will still be unclear. In August 2022 Richemont agreed to sell a 47.5% stake in its digital platform, Yoox Net-A-Porter, to Farfetch. Shares in Richemont were up 1.5% by 1100 GMT on Nov. 29.

Persons: Denis Balibouse, Johann Rupert’s, Porter, Cartier, Rupert, Farfetch, José Neves, Richemont, Financiere Richemont, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, The Telegraph, Financiere, Telegraph, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, U.S, YNAP, New York, Richemont

CNN —The Israel Defense Forces said Wednesday it was assessing a Hamas claim that the youngest Israeli hostage, 10-month-old Kfir Bibas, his brother and his mother are dead. The Bibas family later confirmed it had “learned of Hamas’ latest claims,” according to a statement from the Hostages and Missing Persons Families Forum. The Bibas family, pictured in this undated family handout photo, were kidnapped from Nir Oz by Hamas militants on October 7. In an interview with CNN Tuesday, Eylon Keshet pleaded for the release of his cousin, Yarden, and the rest of the Bibas family. Ofri Bibas Levy, aunt of Kfir Bibas, holds with her friend Tal Ulus pictures of her relatives taken hostage by Hamas, November 13, 2023.

Persons: Bibas, Kfir, Ariel, Al, ”, “, Jimmy Miller, Shiri’s, ” Miller, Hamas ’, Nir Oz, Maurice Shnaider, Daniel Hagari, Shiri, Yarden, Eylon Keshet, Ofri Bibas Levy, Tal Ulus, Denis Balibouse Organizations: CNN, Israel Defense Forces, Israel’s, Hamas, IDF, Qatari, Qatar Locations: Gaza, Israel, Israeli

☆ Switzerland to bid for 2030 or 2034 Winter Games
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

[1/2] A view shows the Olympic Rings in front of the Olympic House, headquarters of the International Olympic Committee (IOC), during the executive board meeting of the International Olympic Committee (IOC), in Lausanne, Switzerland, March 28, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsGENEVA, Nov 24 (Reuters) - Switzerland on Friday announced it would bid for either the 2030 or 2034 Winter Olympic and Paralympic Games, which would be the third time the Alpine country has hosted the event. Japan's northern city of Sapporo last month dropped its bid for the 2030 Winter Olympics and said it would consider hosting the Games in 2034 or in subsequent years. According to studies by the IOC's future host commission for Winter Games, only 10 nations would be able to host the snow sports of the Olympic Winter and Paralympic Games by 2040. Switzerland - which hosted the Winter Olympic Games in St. Moritz in 1928 and 1948 - has struggled in recent years to get its population behind its Olympic bids.

Persons: Denis Balibouse, Jurg Stahl, Urs Lehmann, Moritz, Gabrielle Tétrault, Farber, Noele, Toby Davis Organizations: Rings, Olympic House, International Olympic Committee, REUTERS, Rights, Paralympic Games, Swiss Olympic Association, Olympic, IOC, Swiss, Swiss Ski Association, Games, Winter Games, Swiss Olympic, Cortina d'Ampezzo, Thomson Locations: Lausanne, Switzerland, Salt Lake City, United States, Sweden, France, Japan's, Sapporo, St, Milan

☆ European mobile data traffic to triple by 2028 -GSMA
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

The GSMA, which brings together more than 1,000 mobile phone operators and businesses, said 5G subscribers were interested in adding high-bandwidth services and content to their mobile contracts, as demand for high-quality gaming, extended reality, and video content grows. Mobile data traffic per smartphone will increase in Western Europe to 56 gigabytes (GB) per month in 2028, compared with 20 GB last year. In Central and Eastern Europe, it will rise to 37 GB per month from 14 GB in 2022, the lobby group said in its annual mobile economy report. More than 460 million Europeans, or 85% of the population, were connected to mobile internet in 2022, according to the GSMA. ($1 = 0.9168 euros)Reporting Diana Mandiá, editing by Milla Nissi and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, GSMA, We're, Daniel Pataki, Diana Mandiá, Milla Nissi, Emelia Organizations: Soccer Football, FIFA, Qatar, REUTERS, Telecom Italia, Big Tech, Netflix, Microsoft, European Commission, Reuters, Thomson Locations: France, Argentina, Paris, Mobile, Western Europe, Central, Eastern Europe, Orange, Europe

☆ Gold ticks higher as weaker US dollar, yields lend support
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsNov 23 (Reuters) - Gold prices edged higher on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker dollar and lower U.S. Treasury yields buoyed demand for bullion. FUNDAMENTALS* Spot gold was up 0.1% at $1,992.59 per ounce, as of 0143 GMT, after hitting a three-week high of $2,007.29 on Tuesday. * Lower interest rates decrease the opportunity cost of holding gold. DATA/EVENTS (GMT) 0745 France Business Climate Mfg, Overall Nov0815 France HCOB Mfg, Serv, Comp Flash PMIs Nov0830 Germany HCOB Mfg, Serv, Comp Flash PMIs Nov0900 EU HCOB Mfg, Serv, Comp Flash PMIs Nov0930 UK Flash Comp, Mfg, Serv PMIs NovReporting by Brijesh Patel in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, CME's, Serv, Brijesh Patel, Rashmi Organizations: REUTERS, Treasury, . Federal Reserve, Trust, Climate Mfg, France HCOB, Germany HCOB, Mfg, Thomson Locations: Mendrisio, Switzerland, France, Germany, Bengaluru

☆ Economics and nature square off in Dubai Airshow jet engine rift
▼ + stars: | 2023-11-17 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

The head of the world's largest international carrier was speaking in the midst of negotiations to buy dozens of Airbus A350-1000 jets powered by Rolls-Royce's XWB-97 engine, which have foundered for now over maintenance and pricing issues. I happen to be a service," Emirates President Tim Clark told reporters this week. INSURANCE-TYPE DEALSWhile the visible face of engine makers is technology, the way they generate much of their income resembles insurance. Rather than charge for repairs as they arise, engine makers increasingly strike long-term deals priced by the flight hour, agreeing to swallow the cost of planned and unexpected outages. To engine makers it means generating cash as soon as the engine enters service rather than waiting for shop visits.

Persons: Denis Balibouse, Tim Clark, Royce's, Larry Culp, Tufan Erginbilgic, Royce, Clark, Rolls, Nick Cunningham, Tim Hepher, Alexander Cornwell, Pesha Magid, Sarah Young, Rajesh Kumar Singh, David Evans Organizations: Boeing, Emirates, Cointrin Airport, REUTERS, Rights, Airlines, Royce, Airbus, GE Aerospace, Reuters, GE, Agency Partners, Thomson Locations: Cointrin, Geneva, Switzerland, Rights DUBAI, Dubai, India, Gulf

☆ UBS CEO: confident it will win back some of Credit Suisse business
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsZURICH, Nov 16 (Reuters) - UBS (UBSG.S) chief executive Sergio Ermotti voiced optimism on Thursday that the Swiss bank will be able to attract some of the assets that have left Credit Suisse, its former rival it has taken over earlier this year. "I am pretty confident that we will continue to see some good winbacks from assets that left Credit Suisse," Ermotti told a conference organised by the Swiss Finance Institute. He also said he did not expect Credit Suisse's integration to extend beyond 2026. Reporting by Noele Illien Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Sergio Ermotti, Ermotti, Noele, Tomasz Janowski Organizations: Credit Suisse, UBS, REUTERS, Rights, Swiss Finance Institute, Thomson Locations: Zurich Switzerland, Swiss

☆ Haifa and Tel Aviv to play UEFA home games in Serbia behind closed doors
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Euro 2028 & Euro 2032 Hosts Announcement - Nyon, Switzerland - October 10, 2023 The UEFA logo is pictured at the headquarters ahead of the announcement REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsNov 16 (Reuters) - Israeli clubs Maccabi Haifa and Maccabi Tel Aviv will play their next European home fixtures in Serbia behind closed doors, UEFA announced on Thursday. Haifa will face Rennes at Belgrade's Stadion Rajko Mitic in Europa League Group F on Nov. 30, while Tel Aviv's Conference League Group B home games against Zorya Luhansk and Gent on Nov. 25 and Dec. 14 will take place at TSC Arena in Backa Topola. Both Israeli clubs' resumed their campaigns last Thursday after a month's pause due to the Israel-Gaza conflict, with Haifa hosting Villarreal in Cyprus while Tel Aviv visited Ukrainian side Luhansk in Poland. Tel Aviv are second in their group with six points from three matches, while Haifa are bottom of their section with one point from three games. Reporting by Chiranjit Ojha in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Chiranjit, Ken Ferris Organizations: Soccer Football, UEFA, Maccabi Haifa, Maccabi Tel Aviv, Rennes, Belgrade's, Rajko, Europa League, Tel Aviv's Conference League Group, Zorya Luhansk, TSC, Haifa, Villarreal, Thomson Locations: Nyon, Switzerland, Serbia, Haifa, Gent, Backa Topola, Israel, Gaza, Cyprus, Tel Aviv, Ukrainian, Luhansk, Poland . Tel Aviv, Bengaluru

☆ France's supreme court annuls penalties against UBS in tax evasion case - ruling
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: 1 min

A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsPARIS, Nov 15 (Reuters) - France's supreme court on Wednesday annulled penalties of 1.8 billion euros ($1.96 billion) imposed on Swiss bank UBS (UBSG.S) in 2021 in a major tax fraud case. The case will now go back to a lower court for a new decision on the penalties, the court said in its ruling. The court partially accepted an appeal by UBS against a decision taken by a lower court in 2021, which had imposed the penalties of 1.8 billion against the bank for allegedly helping wealthy clients in France evade taxes. ($1 = 0.9207 euros)Reporting by Tassilo Hummel, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Tassilo Hummel, Silvia Aloisi Organizations: UBS, Credit Suisse, Swiss, REUTERS, Rights, Thomson Locations: Zurich Switzerland, Swiss, France

[1/2] Evgenia Kara-Murza, wife of jailed Russian opposition figure Vladimir Kara-Murza, addresses the Geneva Summit for Human Rights and Democracy in Geneva, Switzerland May 17, 2023. Kara-Murza, 42, has a condition called polyneuropathy that takes away the sensation in his limbs unless controlled by medicines and exercise. His wife Evgenia Kara-Murza said exercise was now impossible for him in a cell measuring just 3 x 1.5 metres (9.8 x 4.9 feet), furnished with only a bed and a backless stool, where he has been held since September in a maximum-security penal colony in the city of Omsk. The fact that they've isolated him to the maximum of course makes me very concerned for his life," Evgenia Kara-Murza said. "The politically motivated conviction of Vladimir Kara-Murza is deplorable.

Persons: Evgenia Kara, Murza, Vladimir Kara, Denis Balibouse, Kara, Alexei Navalny, Vladimir Putin, Vladimir, Mr Kara, wryly, Mark Trevelyan, Mark Heinrich, Gareth Jones Organizations: Geneva, Human Rights, Democracy, REUTERS, Britain's, Reuters, Russian, Britain's Foreign, Commonwealth, Development, Liberal International, Thomson Locations: Geneva, Switzerland, Moscow, Omsk, Ukraine, Russia, Britain

A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. The court, which also upheld the guilty verdict against the bank, said a new trial would need to take place at the Paris appeals court to determine a new fine, if any. UBS's shares, which were already up on the day, spiked as much as 3% more after news broke that the 1.8 billion-euro fine was struck down. The decision by the Cour de Cassation, France's highest judicial court, means the guilty verdict on UBS is final. France's top court reviewed whether the Paris appeals court ruling had complied with the law, not the facts that underpinned its decision.

Persons: Denis Balibouse, UBS's, " Keefe, Woods, Tassilo Hummel, Mathieu Rosemain, Stefania Spezzati, Silvia Aloisi, Mark Potter Organizations: UBS, Credit Suisse, Swiss, REUTERS, of, Cassation, Thomson Locations: Zurich Switzerland, Paris, PARIS, Cour, Swiss, France, United States, Mozambique

☆ U.N. observes minute's silence for 101 staff killed in Gaza
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] The United Nations flag flies at half-mast at the European headquarters, honouring the more than 100 employees killed in Gaza since the Israel-Hamas war began last month in Geneva, Switzerland, November 13, 2023. REUTERS/Denis Balibouse Acquire Licensing RightsGENEVA, Nov 13 (Reuters) - United Nations workers observed a minute's silence on Monday to honour the more than 100 employees killed in Gaza since the Israel-Hamas war began last month as U.N. flags flew at half mast. "This is the highest number of aid workers killed in the history of our organisation in such a short time," said Tatiana Valovaya, Director-General of the United Nations in Geneva. "We are gathered here today, united in this very symbolic location, to pay respect to our brave colleagues who sacrificed their lives while serving under the United Nations flag." "But the United Nations is more relevant than ever."

Persons: Denis Balibouse, Tatiana Valovaya, Israel, Valovaya, Gabrielle Tétrault, Farber, Cécile, Emma Farge, Nick Macfie Organizations: United Nations, Hamas, REUTERS, Rights, U.N, UNRWA, Thomson Locations: Gaza, Israel, Geneva, Switzerland, U.N, Palestinian, Nigeria, Abuja, United

☆ Richemont brands 'satisfied' with Farfetch technology
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsPARIS, Nov 10 (Reuters) - Richemont (CFR.S) labels are moving ahead with the transfer of their online businesses to Farfetch (FTCH.N) technology, which they are satisfied with, executives at the Swiss-based group said Friday. The adoption of Farfetch technology to run the online business of Richemont labels is part of a wider agreement for Richemont to sell a 47.5% stake in YNAP in exchange for more than 50 million Farfetch shares, announced in August 2022. "Everything we expected in terms of technology from our Farfetch friends, they've delivered," Richemont chairman Johann Rupert told analysts on an earnings call. Farfetch shares have fallen by more than 60% in the past six months.

Persons: Denis Balibouse, Richemont, they've, Johann Rupert, Bernstein, Mimosa Spencer, Kirsten Donovan Organizations: REUTERS, Rights, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, Richemont's, U.S, YNAP, Farfetch

☆ Palestinian envoy criticises West for Gaza stance, calls for more support
▼ + stars: | 2023-11-10 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

The Israeli attacks by air, land and sea were triggered by deadly Hamas attacks on Israel on Oct. 7. that killed 1,400. When it comes to us they are put aside, they're violated, they're not used, they're belittled," he told a gathering of diplomats and reporters. Israel says it abides by international humanitarian law at all times and blames Hamas for civilian deaths, saying it uses people as human shields. In the same speech, Khraishi also asked democracies for more support for a ceasefire, and to end the Israeli occupation of Palestinian territories, saying humanitarian aid was not enough. Countries are considering calling a special session of the Geneva-based Human Rights Council to debate the Gaza crisis, he said.

Persons: Ibrahim Khraishi, Denis Balibouse, Geneva Ibrahim Khraishi, they're, Ursula Von der, Khraishi, Emma Farge, Nick Macfie Organizations: Human Rights, United Nations, REUTERS, Rights, Palestinian, Ukraine, European Union, EU Commission, Thomson Locations: Palestine, Geneva, Switzerland, Israel, Gaza . Palestinian, Gaza, Ukraine, East, Dutch

☆ A rare blue diamond just sold for $44 million at a Christie's auction
▼ + stars: | 2023-11-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A rare blue diamond set in a ring sold for $43.8 million at a Christie's auction in Geneva. Christie's said that the 17.61-carat diamond, the Bleu Royal, is among the rarest to exist. AdvertisementAdvertisementA rare blue diamond set in a ring sold for 39.505 million Swiss franc ($43.8 million) at a Christie's auction in Geneva on Tuesday. The 17.61-carat Bleu Royal diamond is pear-shaped and is described as a "Fancy Vivid Blue" gem. "Large, vivid fancy color diamonds are extremely rare and very valuable," according to the Gemological Institute of America (GIA).

Persons: Christie's, —, Denis Balibouse, Reuters Christie's, Cartier, – Organizations: Gemological Institute of America, Service, GIA, Reuters Locations: Geneva

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The state-engineered merger led to a wipeout of $17 billion of Credit Suisse's AT1 bonds. "Their structure is very new and shows they listened to investors who were angry about the permanent write-down feature," said Jerome Legras, head of research at Axiom Alternative Investments, who held Credit Suisse AT1 bonds before the March banking crisis. The Credit Suisse AT1s wipeout spurned a number of claims against Switzerland's financial regulator FINMA, which inverted the long-established seniority of bondholders over shareholders over the assets of a company in distress. That dented sentiment in the key market for bank bonds and prompted regulators in Europe and Asia to reassure investors.

Persons: Denis Balibouse, Jerome Legras, Joost Beaumont, March's writedown, Noele Illien, Dhara Ranasinghe, Elaine Hardcastle, Alexander Smith Organizations: Credit Suisse, UBS, REUTERS, CS, AT1s, ZURICH, P Global, Suisse, ABN AMRO, Singapore, Thomson Locations: Zurich Switzerland, Swiss, Switzerland's, Europe, Asia

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