“The federal council intends to hold further discussions by the end of the year on the issue of whether and how the financial market should be regulated,” the government said. “The basic aim is to determine the framework conditions that will enable the Swiss financial centre to be competitive in the area of sustainable finance.”The working group will also be asked to target the conclusion of industry agreements with financial market players. The government said these should lead to increased transparency and a voluntary industry commitment to a representative participation in portfolio climate alignment tests “with a view to achieving specific targets”.“The aim is to strengthen competitiveness so that customers and investors can be offered clear information and thus decision-making options,” the government said in a statement. “Dialogue with the industry will be intensified to this end.”In 2017, a government-sponsored assessment of participating pension funds’ investment portfolios found that these were on average in line with global warming of 6°C above pre-industrial levels by the end of this century.The government is offering these free tests again this year, this time also inviting banks and asset managers to take part. The Swiss government is to set up a working group on sustainable finance, tasked with considering the implications for Switzerland of the European Commission’s action plan.It is also supposed to carry out work to inform decisions about Switzerland’s participation in international initiatives such as the Coalition of Finance Ministers for Climate Action, which was launched in April.The working group has yet to be set up, but IPE understands it will comprise members of the Swiss federal administration, with private sector and other interested parties when necessary. It is to be headed by the state secretariat for international finance, a unit of the federal finance ministry, and work closely with the environment department.The working group will be asked to report back to the cabinet by spring next year at the latest with proposals for the Swiss financial market.
September 20, 2020
COVID-19 was thought to have little effect on children. But according to doctors in New York City, 15 children have been hospitalized for a rare but serious disorder after contracting the coronavirus. The New York City Department of Health issuing a warning for doctors to be on the lookout for this serious syndrome, first reported lat month in Europe.Doctors say the children first showed symptoms including fever, rash and stomach illness, similar to a rare condition called Kawasaki Disease, which causes the inflammation of blood vessels and can lead to heart problems.As a result, The World Health Organization is investigating whether the coronavirus causes some children to develop a rare inflammatory disease, WHO officials said Wednesday.Health officials in the U.K. warned doctors over the weekend that Covid-19 could be causing a rare inflammatory condition in children. Britain’s Pediatric Intensive Care Society said Monday the National Health Service alerted it to a small number of critically ill children presenting with “an unusual clinical picture.” The society noted that many of the children with symptoms of the new inflammatory disease had been diagnosed with Covid-19. The condition was likened to toxic shock syndrome and Kawasaki disease.“We are aware of this report which came out of the United Kingdom about a small number of cases amongst children with this inflammatory response,” WHO’s lead scientist on Covid-19, Dr. Maria Van Kerkhove, said Wednesday. “We’re looking at this with our clinical network.”It remains unclear what the relationship is between Covid-19 and the inflammatory conditions, but Chris Whitty, England’s chief medical officer, told reporters Monday it is “entirely plausible” that Covid-19 causes the illness.“There are some recent rare descriptions of children in some European countries that have had this inflammatory syndrome, which is similar to the Kawasaki syndrome,” Van Kerkhove said. “But it seems to be very rare.”
August 30, 2020
Ray Wilson, AMLGS: Industry deserves praise for its reaction to a new normal July 23, 2020 Related Articles TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Share StumbleUpon Share Genesis to appeal UKGC’s ‘disproportionate suspension’ July 23, 2020 Markus Peuler – mybet HoldingsIssuing a short market update, Frankfurt Xetra-listed betting group mybet Holdings SE has revealed that it has entered exclusive negotiations with a ‘strategic investor’ concerning the firm’s future options and the potential creation of a new online joint venture.mybet has chosen not to reveal any details regarding the investor, but details that its potential business partner is a leading provider of ‘sports betting and online casino games based in Malta’.Updating investors, mybet governance details that the objective of the negotiations is to establish whether parties should work together to form a Malta-based industry joint venture in which mybet will hold a majority 51% equity.The unknown investor is prepared to ‘contribute equity in a medium single-digit million range that is to serve predominantly to finance future investments in market activities’.“The joint venture gives us a fantastic opportunity to benefit from the expertise and skills of the potential partner. Besides, the existing partner licences will enable us to continue expanding our business,” detailed Markus Peuler, CEO of mybet Holding SE.mybet governance has triggered a ‘30-day exclusive negotiation period’ with the investor, with the potential to extend a further 30 days should discussions progress.In its update, mybet informs that it will delay the publication of its full-year 2017 results to 27 April 2018, on account of entering the exclusive discussions. Submit
August 11, 2019
Go back to the e-newsletterOceania Cruises is unveiling new dinner menus featuring a spectrum of world flavours as well as an all-new executive chef’s Food & Wine Pairing, available every evening. Another standout attraction of the menus are the new Global Cuisine dishes each evening – these are bolder and more adventurous ethnic dishes – for the traveller with a spirit for spice.“These spectacular new menus exemplify our commitment to culinary excellence and offering our guests not just the finest cuisine at sea, but diverse dining choices that surprise and delight the palate,” stated Bob Binder, president & CEO of Oceania Cruises.The ultimate in dining choiceEach evening in the Grand Dining Room, guests will be treated to more than two dozen dishes to choose from (6 appetisers, 3 soups, 4 salads, 9 main courses and 9 side dishes). Every menu incorporates imaginative vegetarian dishes along with Canyon Ranch Balanced Selections that follow the mantra for indulgent yet healthy living. All in all, the menus comprise more than 800 dishes.Not only are there more choices in the new menus but they also offer guests the ultimate in flexibility and customisation. They may choose as many, or few, courses as they wish along with their side dishes and all accompaniments which are ordered à la carte. Dinners may just as easily comprise a meal of appetisers and side dishes as they may run the menu or order one of the paired tasting menus.Hundreds of new dishes accompany old favouritesTravellers sailing for the first time with Oceania Cruises or the 50th will delight at the diversity of selections with fresh and bold flavours, in addition to classic dishes that have been favourites ashore and at sea, for years or decades.“The new Grand Dining Room dinner menus are truly the most creative and varied that you will find at sea. I’m so tremendously proud of our entire culinary team as every member had a hand in the crafting of these amazing creations,” stated Franck Garanger, corporate executive chef for Oceania Cruises.Scintillating new additions – such as herb-crusted cornish hen Diavolo, Palermo-style grilled swordfish, smoked ricotta risotto and Paul Bocuse’s Alaskan halibut Viennoise – accompany time-honoured favourites such as Jacques Pepin’s quartet of beef bourguignon, salmon supreme, steak frites, and herb-crusted rotisserie chicken. Other classics being reprised include involtini di melanzane alla parmigiana, traditional coq au vin, golden-friend wiener schnitzel and Dover sole meunière.Perfect pairings for a perfect eveningGuests looking for a more adventurous dining experience, to create a special evening or just something with a healthy bend will want to experience one of three new tasting menus. Reflecting Oceania Cruises’ globetrotting adventures, the new menus feature a Global Cuisine tasting every evening that focuses on a particular region, specific country or particular cooking style: Asia, France, Cuba, India, United States, Spain, Thailand, Morocco, Polynesia, Greece, South America and Japan. For those seeking a healthy choice, Balanced Selection offers up 4 courses of lighter offerings. The Food & Wine Pairing menu offers up 4 courses selected by master chefs that are paired with 4 wines selected by the head sommelier.These new menus are currently available on board Riviera and will be introduced aboard Sirena in May, Insignia in June, Nautica and Marina in July and Regatta in August.Cuisine, Oceania CruisesGo back to the e-newsletter