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☆ A top fund manager is using these 7 global stocks to beat the market
▼ + stars: | 2024-04-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Global stock markets may be coming under pressure from geopolitical tensions and sticky inflation — but one portfolio manager sees potential in several stocks. Hinchliffe oversees more than $1 billion of PineBridge's assets via its Global Focus Equity Fund . What we are trying to do is beat the benchmark by constructing our portfolio to be similar to the market from a risk perspective," Hinchliffe said. "We're not taking a view that small caps are better or worse this year than last year; we're not taking the view that growth stocks are better than value stocks. The portfolio manager noted that they "clearly led the market last year based on fantastic earnings growth by and large."

Persons: Rob Hinchliffe, Hinchliffe, —, Morningstar, We're, we're, France's Legrand Organizations: PineBridge Investments, CNBC Pro, Global Focus Equity Fund, Equity Fund, Stock, Microsoft, Nvidia, Walmart Locations: U.S, Swiss

☆ London Marathon 2024: Peres Jepchirchir wins London Marathon women’s elite race and breaks women’s-only world record
▼ + stars: | 2024-04-21 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —It was billed as a race that would be harder to win than the Olympic marathon gold in Paris and the London Marathon’s elite women’s race did not disappoint as reigning Olympic champion Peres Jepchirchir won a hugely competitive race and set a new women’s-only world record. The field had a clutch of runners who were capable of breaking the record but it was Jepchirchir who made history, finishing ahead of Ethiopia’s world record holder Tigst Assefa in a sprint finish. I was not expecting to run a world record. I’m happy too to be in Paris for the Olympic marathon. Before the race a tribute was paid to world record holder and 2023 winner Kelvin Kiptum, who died in a traffic accident near his home in Kenya earlier this year.

Persons: Peres Jepchirchir, Mary Keitany, Jepchirchir, Tigst, Joyciline Jepkosgei, “, ” Jepchirchir, I’m, ” Alexander Mutiso Munyao, John Walton, Alexander Mutiso Munyao, Kenenisa Bekele, Emile Cairess, Kelvin Kiptum, Munyao, ”, Bekele, Marcel Hug, Catherine Debrunner Organizations: CNN, London, Olympic, Kenyan, BBC Sport Locations: Paris, jubilation, Kenya, ” Swiss

☆ Airlines That Offer 'Stopover' Programs, Some With Free Hotels
▼ + stars: | 2024-04-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +12 min

Airlines capitalize on this trend with "stopover" programs, some even offering free hotels and food. Airlines have jumped on this growing trend with built-in "stopover" programs, which can come with free or discounted hotels, excursions, transportation, and food at the layover destination. Essentially, you can't intentionally book a longer layover to quality for the free stopover hotel. Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty ImagesSingapore Airlines' stopover program is available via the multi-city tool, similar to other carriers, where travelers can add hotels, transfers, and activities. Urbanandsport/NurPhoto via Getty ImagesTurkish Airlines' stopover program gives economy travelers a one-night free hotel stay and business flyers a two-night free stay if the period between their connecting flights in Istanbul exceeds 20 hours.

Persons: —, Robert Smith, Markus Mainka, Liang Xu, Nicolas Economou, Thomas Mukoya, Suparat, Finnair, Shutterstock Icelandair, Marcio Rodrigo Machado, Bauer, Griffin, Alexi Rosenfeld, CHARLY TRIBALLEAU, Massimo Insabato, It's, Matheus Organizations: Service, Airlines, Travelers, An Air Canada Boeing, Getty Images Air, Air France, KLM Air France, KLM, Air, China Southern Airlines, China Southern Airlines Airbus, Getty Images China Southern Airlines, Copa Airlines AP Copa Airlines, Copa, Emirates, Emirates Airbus, Getty Images Emirates, Dubai Connect, Ethiopian Airlines Ethiopian Airlines, Reuters Ethiopian Airlines, Etihad Airways, Etihad Airways Airbus, Shutterstock.com Etihad Airways, Fiji Airways Fiji Airways, Shutterstock Fiji Airways, Iberia Airbus, Japan, Japan Airlines Boeing, Japan Airlines, Latam Airlines Boeing, Latam Airlines, Hotels, An Oman Air, Getty Images Oman Air, Qantas, Getty, JAL, Oneworld, Qatar Airways, Qatar Airways Boeing, Getty Images Qatar Airways, Royal Jordanian Airlines Royal Jordanian Airlines Boeing, Getty Images Royal Jordanian Airlines, Air Lines, Swiss International Air Lines Airbus, Getty Images Swiss, Singapore Airlines, Airbus, Getty Images Singapore Airlines, Portugal, TAP Air Portugal Airbus, TAP Air Portugal, Turkish Airlines, Turkish Airlines Airbus, Getty Images Turkish Airlines Locations: Getty Images Air Canada, Canada, Air France, Xinhua, Panama, Panama City, Emirates, Dubai, UAE, Addis Ababa, Abu Dhabi, Fiji, Australia, New Zealand, Pacific, Helsinki, Iberia, Iberia Airbus Iberia, Madrid, Icelandair, Reykjavik, Tokyo, Osaka, Kyoto, São Paulo, Brasilia, Fortaleza, Recife, Manaus, Curitiba, Belem, Oman, Muscat, layover, Bangkok, San Francisco, AFP, Switzerland, Singapore, Lisbon, Porto, Portuguese, Azores, Madeira, Istanbul

☆ China’s growing love of luxury watches remains strong, despite economic headwinds
▼ + stars: | 2024-04-19 | by ( Leona Liu | ) edition.cnn.com time to read: +9 min

Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.

Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, ”, Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, “ Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, “, Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, “, Asia — China, Guadalupe, Swiss, watchmaking

☆ Why a Viking Global portfolio manager is worried about a multi-strat meltdown, plus his favorite European luxury stock
▼ + stars: | 2024-04-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCompared to some of its Tiger Cub peers, $48 billion Viking Global's highs and lows have been more muted. This story is available exclusively to Business Insider subscribers. "If the stock went up 25% tomorrow, we would probably sell it absent any other fundamental change in the business." AdvertisementThe firm's flagship long-short fund was up 5.8% in the first quarter, a person close to the firm told Business Insider, and its long-only fund returned 10.1%.

Persons: —, Justin Walsh, Walsh, Hermes Organizations: Service, Tiger Cub, Tiger, Business, Harvard Business School Investment, Citadel, Business Insider, Cartier Locations: Stamford, Swiss

☆ Graham Sutherland’s study for the portrait Winston Churchill hated goes up for auction
▼ + stars: | 2024-04-19 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +7 min

Churchill is talking about his own portrait, commissioned to celebrate his 80th birthday, as it is unveiled in London’s Westminster Hall in November 1954. This painted study of Churchill by Sutherland, made in preparation of the portrait, is up for auction for the first time. Tristan Fewings/Getty Images for Sotheby'sWhile “The Crown” is not a documentary, it is true that the 80th birthday portrait —described by Churchill as “filthy and malignant” in a letter to his personal doctor — was burned. “(Sutherland) caught him in a much more relaxed, intimate way,” Zlattinger said of the study, a small canvas painted in oils. Graham Sutherland, seen with his-then unfinished but eventually much-maligned portrait of Churchill.

Persons: it’s, ” Winston Churchill, John Lithgow, Graham Sutherland, Stephen Dillane, ”, Churchill, ” Sutherland, “, Judas, Churchill’s, Clementine, Harriet Walter, Sutherland, Tristan Fewings, —, ” Andre Zlattinger, “ He’d, He’d, Churchill —, Alfred Hecht, ” Zlattinger, Hatshepsut of, Baron, Queen Elizabeth I, Robert Blyth ,, Elizabeth “, Queen Victoria, Elizabeth, Ira B, Nadel, ” Blyth, Elizabeth I, Blyth, ” Dr Caroline Rae, Stalin, ” Bryn Sayles, Jacob Epstein, Alexis Schwarzenbach, Queen Elizabeth, King George VI, Queen Elizabeth II, Cecil Beaton, Sayles, Gary Oldman’s Organizations: CNN, Hall, Modern, Irish, Sotheby’s New, Royal Museums Greenwich, Art, University College London, Conservative Party Locations: Sotheby’s, Sotheby’s New York, London, Sutherland, Queen, Downing, Suez, Blenheim, Oxford, New York, British, Swiss

☆ Oil prices aren't the Fed's biggest problem right now — American demand is, says an economist
▼ + stars: | 2024-04-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Israel's strike on Iran caused oil prices to spike, sparking fears of rising inflation. But US inflation is more impacted by strong domestic demand than by oil prices, an economist told Bloomberg TV. Oil prices gained as much as 4% following reports of the attack before later subsiding. Services is demand, and that demand needs to come from somewhere — and that's a robust economy," Chaar told Bloomberg. "I would say the biggest challenge here for the Fed is to manage the demand of the US economy," Chaar said.

Persons: —, Samy Chaar, Lombard Odier, Jerome Powell, Chaar Organizations: Bloomberg, Service, Fed, Bloomberg TV, Federal, Services, Institute for Supply Management Locations: Iran, Israel, —, Swiss, America

☆ Watch CNBC's full interview with Swiss Finance Minister Karin Keller-Sutter
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Swiss Finance Minister Karin Keller-SutterKarin Keller-Sutter, the finance minister for Switzerland, discusses the "Too Big to Fail" measures recently introduced to regulate the Swiss financial system, and how they could be adopted by other jurisdictions worldwide.

Persons: Karin Keller, Sutter Karin Keller, Sutter Organizations: Swiss Locations: Switzerland, Swiss

☆ Hossein Amir-Abdollahian: Iran’s response will be “immediate and at a maximum level,” foreign minister warns Israel
▼ + stars: | 2024-04-18 | by ( Simone Mccarthy | Tara John | ) edition.cnn.com time to read: +4 min

CNN —Iran’s response if Israel takes any further military action against it would be “immediate and at a maximum level,” Foreign Minister Hossein Amir-Abdollahian told CNN Thursday, as fears rise of an escalation of the conflict in the Middle East. The tit-for-tat strikes have brought a decades long shadow war between Israel and Iran out in the open and sent fear coursing through the Middle East. Israeli Prime Minister Benjamin Netanyahu on Wednesday said Israel will make its “own decisions” when responding to Iran’s airstrikes. The details of a potential “maximum response” have been planned by Iran’s armed forces, he added. “Our operations in response were carried out at a minimum because we were not seeking to hit multiple targets,” he said.

Persons: Hossein Amir, Abdollahian, adventurism, ” Amir, CNN’s Erin Burnett, Benjamin Netanyahu, Israel, ”, Amir, “ Organizations: CNN, Amir, Palestinian, Hamas, Wednesday, Iranian, United Nations, White, Swiss Embassy Locations: Israel, Iran, New York, Tehran, Syria, Iranian, Isfahan, Iran’s, FARS, Damascus, United States, Gaza, Israeli, “, America

☆ It's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister says
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister saysSwiss Finance Minister Karin Keller-Sutter says the country should learn lessons from Credit Suisse's failure and devise new legislation in an effort to prevent it happening again.

Persons: Karin Keller, Sutter Organizations: Credit Suisse, Swiss

☆ A Wall Street firm wants to collect a $4 million breakup fee from a banker who never started his job. Judges will soon rule if that's legal.
▼ + stars: | 2024-04-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jefferies included a $4 million break-up fee in an offer letter to a banker. The Wall Street bank is demanding payment after Dean Decker stayed with Credit Suisse after signing. AdvertisementA Wall Street bank inserted a $4 million break-up fee into an offer letter and demanded the payment after the employee backed out. "In fact, the only winner was Decker — both Jefferies and Credit Suisse were gamed (pun intended.)" It's worth noting that Credit Suisse agreed to cover Decker's legal costs and any damages, meaning UBS is on the hook following a merger of the two Swiss banks last year.

Persons: Jefferies, Dean Decker, —, Decker, Decker —, UBS didn't Organizations: Credit Suisse, Service, Bloomberg, Jefferies, Suisse, UBS, Banco Santander, Business Locations: California, Spanish

☆ Stop thinking your expensive watch is an investment, says Rolex boss
▼ + stars: | 2024-04-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Secondhand watch prices have tumbled since the Federal Reserve started raising interest rates. His comments as secondhand watch prices slide after spectacular pandemic-era growth. Watch prices started dropping as the Federal Reserve started raising interest rates. Dufour, who's been Rolex CEO since 2015, also told NZZ he's expecting a "challenging" year. Luxury watch companies such as Rolex, Patek Philippe and Audemars Piguet can't necessarily cut prices to stimulate demand, he added.

Persons: Jean, Frédéric Dufour, NZZ, —, Dufour, who's, NZZ he's, Patek Philippe, Audemars Piguet, Thierry Stern Organizations: Rolex, Federal Reserve, Service, Swiss, NZZ

The thought of round-the-clock "togetherness" — with friends, family or strangers bound together in a tour group — can be overwhelming to the estimated 57% of people who lean toward introversion. Dori Nix, a marketing and communications director for the Colorado-based women-led tour company Adventures in Good Company, also recommends staying alone, even if means paying a single supplement. 2: Don't get trapped by talkersIn Psychology Today, author Sophia Dembling cautions introverts to research group trips well. "As an introvert, I definitely need small groups," she said. "As an introvert, I definitely need small groups.

Persons: introverts, Jenny Olsen, Olsen, Dori Nix, Sophia Dembling, John Hackston, The Myers, Carl Jung, Hackston, Kelly Kimple, Patty Civalleri, Jonathan Feniak, Myers, Briggs Company's Hackston Organizations: Company, talkers, The, Briggs Company, CNBC, CNBC Travel, Good Locations: Los Angeles, Colorado, Europe, Swiss, Mazatlán, Mexico, New Hampshire, Rocky

☆ Millennials aren't giving up on having a home they love
▼ + stars: | 2024-04-13 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From the home shortage to having higher debt compared to their parents during the same stage of life, it hasn't been easy. AdvertisementBut millennials, the eldest of the group being in their early 40s, aren't giving up. Still, while some millennials are spending seven figures buying and renovating their homes, others are giving up on homeownership completely. Why Masters merch is so coveted.

Persons: —, let's, Alyssa Powell, millennials, homeownership, they're, Brigette Muller, Kinga Krzeminska, you've, Mikel Jaso, It's, Christian Petersen, merch, Rob Hobson, Rob Hobson Skip, Hobson, bagels, Tyler Le, Patti Stanger, Robert Downey Jr, Brandy Hellville, Kate Taylor, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, HGTV, EU, Getty Locations: Brooklyn, Italy, Swiss, New York

☆ Despite the Watch World’s Secrecy, Data Services Expand
▼ + stars: | 2024-04-12 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: 1 min

Two decades after Fred Levin, one of the Swiss watch industry’s market research pioneers, introduced many watch businesses to the benefits of data, he is back with a new performance measurement service, Luxury Watch Barometer. The business tracks point-of-sale data provided by more than 400 retail companies, with 2,100 store locations, across the United States, the Swiss watch industry’s largest export market for the past few years. In exchange for providing information, Mr. Levin said, retailers receive the monthly reports free of charge. Brands pay an annual fee of $50,000 to $250,000 for the information. “Participating retailers not only get the data — things like gross margin return on investment, inventory turns and sales growth — they also get the benchmark report so they can understand how they’re performing relative to the average,” he said.

Persons: Fred Levin, Levin, ” Organizations: Brands Locations: United States

☆ 'Lose-lose situation': New Swiss bank laws could derail UBS challenge to Wall Street giants
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Lose-lose situation': New Swiss bank laws could derail UBS challenge to Wall Street giantsBeat Wittman, partner at Porta Advisors, reviews new Swiss banking regulation and its potential impact on UBS in the wake of its absorption of Credit Suisse.

Persons: Beat Wittman Organizations: UBS, Wall Street, Porta Advisors, Credit Suisse Locations: Swiss

☆ Humane's AI Pin reviews are decidedly mixed: 'Doesn't work half the time'
▼ + stars: | 2024-04-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Humane's wearable AI pin became available nationwide today. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Humane says its wearable AI Pin, which it hopes will one day replace your smartphone, can do everything from making phone calls to projecting information onto the palm of your hand. That pretty much sums up my first three days with Humane's AI Pin," he wrote. The consensus seems that Humane's AI Pin is nowhere near replacing your smartphone, but it has potential.

Persons: —, David Pierce, Julian Chokkattu, you've, Inverse's Raymond Wong, Chris Velazco Organizations: Service, The Washington Post Locations: Swiss

☆ 'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
▼ + stars: | 2024-04-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Sergio Ermotti, CEO of Swiss banking giant UBS, during the group's annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | Afp | Getty ImagesSwitzerland's tough new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based Porta Advisors. The government-backed takeover was the biggest merger of two systemically important banks since the Global Financial Crisis. At $1.7 trillion, the UBS balance sheet is now double the country's annual GDP, prompting enhanced scrutiny of the protections surrounding the Swiss banking sector and the broader economy in the wake of the Credit Suisse collapse. The Wednesday report floated giving additional powers to the Swiss Financial Market Supervisory Authority, applying capital surcharges and fortifying the financial position of subsidiaries — but stopped short of recommending a "blanket increase" in capital requirements.

Persons: Sergio Ermotti, Fabrice Coffrini, Beat Wittmann, Wittmann, Wittman, Goldman Sachs, Morgan Stanley — Organizations: UBS, Afp, Getty, Wall, Porta Advisors, Swiss, Credit Suisse, Suisse, Swiss Financial Market, Authority, JPMorgan, Citigroup Locations: Zurich, Switzerland

☆ Stocks, Real Estate Will Crash When 'Everything Bubble' Pops: Kiyosaki
▼ + stars: | 2024-04-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Robert Kiyosaki warned an "everything bubble" spanning stocks, bonds, and real estate would pop. The "Rich Dad Poor Dad" author touted gold, silver, and bitcoin for riding out the storm. "The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH," he said in a recent X post. Please buy more real gold, silver, Bitcoin." The Rich Dad Company founder's latest crash warning should be treated with skepticism as his previous ones have failed to pan out.

Persons: Robert Kiyosaki, Dad, —, — he's, bitcoin, Rich Dad, founder's, Kiyosaki, Lehman Organizations: Service, Nasdaq, Federal Reserve, Credit Suisse, UBS Locations: Swiss

☆ Searing heat is back across Southeast Asia and it’s not going away anytime soon
▼ + stars: | 2024-04-10 | by ( Heather Chen | ) edition.cnn.com time to read: +6 min

CNN —The death of a toddler from extreme heat highlighted the risk of climate-related illnesses across Malaysia. And in the Philippines, hundreds of schools suspended classes after daily temperatures soared past 107 degrees Fahrenheit (42 degrees Celsius). Sweltering heat is back in Southeast Asia, one of the regions most vulnerable to climate change. But alongside these natural variations, the world continues to blast through climate records, with deadly heat waves becoming the norm. A resident attempts to pump underground water from a dried reservoir in Vietnam's central Ninh Thuan province during a heat wave and drought on April 6, 2024.

Persons: climatologist Maximiliano Herrera, Herrera, “, ” Herrera, ”, El Niño, Stringer, Adly Zahari, Ahmad Zahid Hamidi, Aidil Iman Aidid, fasted Organizations: CNN, Getty, El, heatstroke, Education, Philippines Locations: Malaysia, Vietnam, Philippines, Southeast Asia, Thailand, Bangkok, Rice, Ninh Thuan, AFP, Asia, Pahang, Kelantan, Sabah, Borneo, Kuala Lumpur, Singapore, Manila

☆ Italy launched its long-awaited 'digital nomad visa' — here's who qualifies and how to apply
▼ + stars: | 2024-04-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

It just got much simpler for remote workers to move to Italy. Non-EU or Swiss citizens can now apply for a digital nomad visa that lasts for one year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Italian government defines digital nomads as non-European Union or Swiss citizens who are highly skilled, Euronews said. And while the digital nomad visa is only good for one year, it can be renewed — and your family can be included.

Persons: —, it's, Euronews, they've, you've Organizations: EU, Service, European Union Locations: Italy, Swiss, Europe

☆ UBS to face tougher rules in Swiss response to Credit Suisse rescue
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +2 min

Switzerland's government said on Wednesday that UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse. In 209 pages of recommendations on how to police banks deemed "too big to fail" (TBTF), the Swiss government pitched 22 measures for direct implementation. It stopped short of saying how far stricter capital requirements should go. The increase in requirements for UBS will be "substantial, especially if UBS were to retain its current size and structure, or even grow," it noted in an explanatory document. The Swiss government-backed takeover by UBS of Credit Suisse last year was the biggest merger of banks of systemic importance since the 2007-9 financial crisis.

Persons: Switzerland's Organizations: UBS, Credit Suisse, Swiss Locations: Manhattan , New York City, Switzerland, Swiss

☆ A landmark ruling in Europe's top rights court delivers a watershed moment for climate litigation
▼ + stars: | 2024-04-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Europe's top human rights court on Tuesday ruled in favor of more than 2,000 elderly Swiss women who argued that their government's efforts to tackle the climate crisis were insufficient to protect them from more frequent and intense heat waves. The European Court of Human Right's (ECHR) decision was hailed by campaigners as a ground-breaking moment that could serve as a blueprint for other climate litigation cases argued on human rights grounds. The impact of the decision is expected to be felt far beyond Europe's borders. The decision could compel the Swiss government to revise its climate policies, including upgrading its near-term emissions reductions targets to align with the landmark Paris Agreement. "This result from one of the world's highest courts sends a clear message: governments must take real action on emissions to safeguard the human rights of their citizens."

Persons: Vesselina Newman, ClientEarth Organizations: Swiss, Protection, European, of Human Rights Locations: Strasbourg, France, Europe's, Swiss, Paris

☆ Switzerland violated human rights, European court finds, in landmark climate case brought by 2,000 women
▼ + stars: | 2024-04-09 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —An international court in France on Tuesday ruled Switzerland’s failure to adequately tackle the climate crisis was in violation of human rights, in a landmark climate judgment that could have a ripple effect across the globe. The European Court of Human Rights (ECHR) in Strasbourg, France delivered its ruling in a case brought by more than 2,000 Swiss women, the majority of whom are in their 70s, against Switzerland’s government. “It means that all European countries must urgently revise their targets so that they are science-based and aligned to 1.5 degrees. Those two claims were ruled “inadmissible.”Swedish climate activist Greta Thunberg, second left, joins youths from Portugal during a demonstration outside the European Court of Human Rights on Tuesday in Strasbourg, France. Both the International Court of Justice and the Inter American Court of Human Rights have cases pending which relate to the human rights impacts of climate change.

Persons: “, ” Gerry Liston, Vesselina Newman, ClientEarth, Greta Thunberg, Jean, Francois Badias, ”, Catarina dos Santos Mota, ” Liston Organizations: CNN, of Human Rights, Swiss, Switzerland, Global, Network, of Human, International Court of Justice, Inter American Court of Human Locations: France, Strasbourg, Portugal, Switzerland, Swiss

Europe’s top human rights court said in a landmark ruling on Tuesday that the Swiss government had violated its citizens’ human rights by not doing enough to stop climate change. But the court rejected climate-related cases brought by the former mayor of a coastal town in France and a group of young people in Portugal as inadmissible. The cases, the first of their kind to be heard at the court, the European Court of Human Rights in Strasbourg, France, are part of a broader movement of climate-related lawsuits that aim to use human rights law to push governments to act against global warming. The rulings focused on three cases, filed by members of the public in France, Portugal and Switzerland who argued that their governments, by not doing enough to mitigate climate change, were violating the citizens’ rights under the European Convention on Human Rights.

Organizations: Swiss, of Human Rights, European, Human Rights Locations: France, Portugal, Strasbourg, Switzerland

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