Despite US duties reaching up to 39% on Swiss goods, watches of Switzerland posted higher sales and profits, insisting that demand for top-end watches and jewellery remains resilient.
Category: 3. Europe
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US demand keeps Swiss watch sales ticking despite hefty tariffs
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Europe falls behind in AI adoption as Gen Z in emerging economies embrace it, OECD report
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The Global South is emerging as the fastest adopters of generative artificial intelligence (GenAI), leaving many of their European peers trailing behind,…
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Russia reportedly blocks Apple’s FaceTime. Here’s what we know
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Russia has blocked Apple’s FaceTime, the country’s communications watchdog reportedly said on Thursday, which comes as part of a clampdown on foreign…
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EU to fight drug trafficking with drones and cutting-edge technologies
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The European Commission has presented a legislative package aiming at fighting drug trafficking, a criminal business that is more and more affecting…
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Major study on catastrophic cost of climate change retracted – but revised figures remain alarming
A highly publicised study on the catastrophic costs of climate change has been retracted, following heavy criticism of its methodology.
The economic commitment of climate change, which was published in Nature in April last year, has been accessed more than 300,000 times and was cited in a…
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Property of the people? ECB says Italy’s gold isn’t political treasure
ECB President Christine Lagarde has warned Italy against a proposal to declare the country’s gold as property of the people.
The move comes in response to a budget amendment, proposed by the ruling Brothers of Italy party, which seeks to change the way reserves are managed.
Questioned by…
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European Commission keeps Portuguese lithium mine ‘strategic’ status despite environmental concerns
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The controversial Mina do Barroso lithium project in northern Portugal will retain its official status as a “strategic” project after the European…
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Eurovision crisis: Will there be a vote on Israel’s participation in the 2026 song contest?
It’s crunch time for the Eurovision Song Contest, whose organizers are meeting today and tomorrow to tackle a divisive issue: Should Israel be allowed to participate in the 2026 competition?
The European Broadcasting Union (EBU), a group of public broadcasters from 56 countries that runs…
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Meta starts removing accounts for under-16s ahead of Australia social media ban
Meta says it is starting to remove the accounts of teenagers under the age of 16 ahead of Australia’s world-first social media ban.
Under the new Australian law, which goes into effect on December 10, children under 16 will be unable to create or keep accounts on platforms such as…
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Structuring International Business through Cyprus: An Insider’s Perspective
By Ellada Pozidou, Executive Director, Cafman Ltd
In recent years, Cyprus has undergone a significant transformation. Once viewed primarily as a “tax-friendly” jurisdiction, it has become an integral part of a more complex and demanding European regulatory environment. Stricter oversight,…
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