Posts Tagged ‘brexit’

Neon banking app slashes fees in growth drive

Swiss financial services company Neon says it will scrap card fees for customers shopping abroad to spearhead an ambitious drive to boost the number of clients to 250,000 in the next two years. The Zurich-based fintech company has laid down a challenge to foreign competitors, such as Revolut and N26, with its announcement. From Monday (January 20) customers will no longer have to pay a combined 3.3% commission and exchange rate mark-up using the Neon Mastercard outside of Switzerland. “We are going into attack mode,” Neon co-founder and chief marketing officer Julius Kirscheneder told swissinfo.ch. “We want to move fast and challenge the market. There is a clear need for Swiss-driven financial services of this nature.” Neon also stated on Monday that is also lowering its fees for withdrawing cash abroad. The existing 1.5% commission will remain, but it has dropped an additional CHF2 flat fee for this service. The move appears to be aimed at disrupting the progress of other ...

JPMorgan Chase buys second Paris office ahead of Brexit

Bank to shift more staff out of London after purchasing seven-storey building

Swiss firms lauded for climate protection measures

Nestlé, Givaudan, Panalpina and the Bern Cantonal Bank are among 179 companies given a top “A” rating in a global survey of transparency and action on climate change. On Monday, non-profit group Carbon Disclosure Project (CDP) published its study of 8,000 companies worldwide. Only 2% of them made it onto the A-list, the organisation said. Seven Swiss companies received an A, and another nine got an A-, among them UBS, Swiss Re, Barry Callebaut and Novartis. Globally, top companies include Microsoft, Orsted, Sainsburys, Sony, Samsung Engineering, Unilever and Walmart. The companies on the A-list had achieved this position by disclosing their environmental data in a transparent and comprehensive manner. They also showed a “thorough” awareness of climate risks, according to CDP. For example, they had switched to renewable energies, invested in low-CO2 product innovations, or provided incentives for their suppliers to reduce emissions. Japan and the US were the nations with the ...

Brexit talks: EU Commissioner warns against ‘a race to the bottom’

The European Commission has unveiled plans for a €100 billion fund intended to help some of the most greenhouse gas-producing parts of the continent move into cleaner ways of producing energy, jobs and wealth. It's known as the Just Transition Fund, and it's going to be the partial responsibility of our guest. Portugal's Elisa Ferreira is the new European Commissioner for Cohesion and Reforms. She spoke to us about the Just Transition Fund, the EU budget, cohesion policy and relations with the UK after Brexit.

Swisscom national landline crash caused by faulty part

A defective component caused the Swisscom landline network to crash last Friday, affecting most of the country, Switzerland’s main telecoms operator has revealed.  But a Swisscom official stressed to the Keystone-SDA news agency that the crash of its landline network, which affected its coverage across most cantons, had only had a small impact on the Swiss air force, which is providing security for the World Economic Forum (WEF) annual meeting in Davos this week.  + Who attends WEF? Swisscom said the problem with its landline network occurred on Friday morning between 10am and 11:22am on January 17. It was able to overcome the technical issue by relaunching the network. Out of 26 cantons, only Geneva, Graubünden and part of Vaud were spared.  The operator said on Monday that technical procedures have been put into place to prevent similar outages in the future, as well as an in-depth analysis of the problem.  Emergency numbers were affected. On Friday, Swisscom as well as the ...

NI As#SEMbly to debate Brexit motion for first time


The assembly is expected to debate a motion relating to the legislation that will take the UK out of the EU. The Executive Office has put forward a motion that asks MLAs to consider the elements of ...

Sterling falls after Javid comments stoke hard Brexit fears


The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union following the country’s departure from the bloc. In an ...
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