Swiss banks, with Credit Suisse Group AG leading the pack, have been enhancing their operations in Luxembourg. As a result of the financial secrecy that made Switzerland’s offshore wealth center so appealing, and an impasse in Swiss-EU political relations, the banks are now turning their attention to Luxembourg. Among others, Pictet and Lombard Odier, Geneva’s…
Category Archives: Switzerland
More EU Students Coming to the UK
Interestingly, Ucas data shows that higher education providers in England have 20,430 EU learners from outside the UK. This is a 14% increase from the same point last year. This shows a significant acceleration, as the 2014-15 English universities EU recruitment was 8% higher than the year before that. As Nick Hillman, the director of…
Barack Obama Tells Britain: Stay in the EU
Barack Obama has recently warned that Britain will lose its influence if it leaves the EU. During an interview with the BBC broadcast on Thursday night, Obama said the EU “made the world safer and more prosperous” and he confirmed that American hopes that Britain will remain a member. As Obama said, “Having the UK…
UberPop Suspends Services in France…For Now
Uber is soon going to suspend its UberPop service in France. While the California based company had been adamant that they would continue, despite demands from President Francois Hollande’s gobernment to stop their service, they have finally given in. Their services were deemed illegal since they use an app to connect clients to private car-owners….
Spain and Morocco Sign Joint Declaration
Spain and Morocco have recently signed a Joint Declaration and other agreements focused on judicial cooperation, tourism promotion, water resource management and care for women, children and pensioners. At the 11th Spain-Morocco High-Level Meeting at Moncloa Palace, the Spanish Prime Minister Mariano Rajoy and the Prime Minister of Morocco, Abdelilah Benkiran reviewed the partnership that…
Car Design Takes the High Road
With an extensive background in marketing in the motorsports and automotive industry, Dany Bahar of Ares Performance comes with an impressive CV for offering customers the opportunity to design their own cars. Bahar launched Ares Performance last year. Following his key executive roles at Ferrari and Lotus, Bahar set up his own firm in Italy…
Small Business in the UK Want to Remain with the EU
A survey of 1000 small businesses in the UK has shown that they want to remain in the EU. They put this wish above taxes and highly skilled workforce desires. Their EU membership is a key concern of theirs with the new government. Bibby Financial Services is an independent finance specialist that conducted the report….
EU Officials come to the Ukraine
Top officials from the EU recently met with Ukrainian President Petro Poroshenko to speed economic and political reforms. European Commission President Jean-Claude Juncker arrived in Kiev from Luxembourg and joined Mr Poroshenko and European Council President Donald Tusk to talk at the presidential offices. In addition to their talks, Kiev will be the location for…
Help European IPOs Says the IPO Task Force
Financial trade groups have started to lobby the European Commission to implement changes that helped to bring about the US biotech IPO boom. What the European IPO Task Force specifically wants is for politicians to slash the regulatory and administrative cost that is involved in going public by as much as 50%. This would help…
E-Book Tax Raises Price and Hackles
The EU has recently ruled that e-books sold in Europe constitute an electronically supplied service and are subject to higher taxes (VAT) than physical books. This could raise the price of e-books in some countries. This change will primarily impact France and Luxembourg. Ironically, these are the two countries that created the need for the…
