Swiss announces new defence minister, Singapore cooperation deal
14 Mar 2025 16:09
ZURICH (Reuters) The Swiss government said on Friday that Martin Pfister will be the country's new defence minister when Viola Amherd steps down at the end of the month.
Separately, the government said it had approved a memorandum of understanding to step up defence cooperation with Singapore which would allow the two to deepen collaboration on research, development, innovation and defence procurement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
12 hours ago
- Al Etihad
Robinhood launches tokens allowing EU users to trade in US stocks
30 June 2025 20:38 (REUTERS)Robinhood said on Monday it has launched tokens that will allow its customers in the European Union to trade more than 200 US stocks and exchange-traded funds, including Nvidia, Apple and commission-free tokens can be traded around-the-clock, five days a week. They will be issued through a partnership with blockchain firm shares hit a record high and were last up 6.6%.With the move, the company stands to benefit from rising global interest in the U.S. stock market - home to some of the world's most influential tech giants and leading beneficiaries of the AI equities mix traditional finance with crypto-like trading, and have been gaining traction among international investors due to better access, flexible trading hours and lower believe such tokens could dramatically alter the securities investing landscape. In a January opinion piece for The Washington Post, Robinhood CEO Vlad Tenev wrote tokenization could also let retail investors access private companies' Park, California-based Robinhood plans to eventually develop its own blockchain that will expand trading hours for tokens to 24/7 from 24/5 company will also expand the number of available stock tokens to "thousands" by the end of the year, Tenev said at its keynote event in France on Monday."Tokenization is going to open the door to a massive trading revolution," he month, crypto exchange Kraken also launched equities-linked tokens for non-US investors. Expanding crypto tools Robinhood also announced several new product offerings, including crypto perpetual futures for its EU customers and staking for US perpetual futures will allow users to make leveraged bets on the prices of cryptocurrencies. Unlike traditional futures, they have no expiry Coinbase will also begin offering similar tools to U.S. customers from next staking lets customers lock up their cryptocurrency to help validate transactions on the blockchain, earning rewards in return. The practice had been controversial in recent years, until the Securities and Exchange Commission's staff last month said some forms of staking are not securities offerings. Stock Markets Continue full coverage
Al Etihad
18 hours ago
- Al Etihad
Cryptocurrency fraud ring busted in Spain after laundering $540 million, Europol says
30 June 2025 14:52 PARIS (REUTERS)A cryptocurrency investment fraud ring that investigators said laundered 460 million euros ($540 million) using a worldwide network of accomplices has been dismantled in Spain, European police body Europol said on said Spanish police led the operation against the criminal network, and that law enforcement agencies from France, Estonia and the United States were also people were arrested as a result of the operation, with three arrested on the Canary Islands and two in headquartered in The Hague, said the network allegedly used associates around the world to raise funds through cash withdrawals, bank transfers and suspect the organisation of establishing a corporate and banking network based in Hong Kong, using payment gateways and user accounts in the names of different people and in different exchanges to receive, store and transfer criminal funds. The investigation continues, added Europol.
Al Etihad
18 hours ago
- Al Etihad
Global Markets: Shares rise as US-Canada trade talks revived
30 June 2025 14:25 SYDNEY (REUTERS)Shares indices rose in Asia on Monday as the revival of trade talks between the United States and Canada helped risk sentiment, while the dollar dipped on concerns US jobs data could show enough weakness to justify larger rate on Sunday said it had rescinded its digital services tax in a bid to advance trade negotiations, bowing to pressure from President Donald talks are aimed at getting a deal done by July 21, extending Trump's original July 9 deadline for his "reciprocal" tariffs. Officials have suggested most deals could now be done by the September 1 Labour Day were also keeping a wary eye on the progress of a huge US tax-cutting and spending bill slowly making its way through the Senate, with signs it may not make it by Trump's preferred July 4 was no doubting the demand for the US tech sector and megacap growth stocks including Nvidia, Alphabet, and Amazon. Nasdaq futures rose another 0.4%, while S&P 500 e-minis added 0.3%.EUROSTOXX 50 futures rose 0.3%, while FTSE futures were flat and DAX futures gained 0.4%.The bullish sentiment spilled over into Japan's Nikkei which rose 1.0%, while South Korean stocks gained 0.7%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%.Chinese blue chips edged up 0.1%, as surveys showed manufacturing improved slightly in June while service activity picked up.A holiday on Friday means US payrolls data will come a day early, with analysts forecasting a rise of 110,000 in June with the jobless rate ticking up to the highest in almost a year at 4.3%.Yields on 10-year Treasuries were steady at 3.28%, having fallen 9 basis points last dollar has not fared so well, in part due to concerns tariffs and chaotic policies from the White House will drag on economic growth and erode the country's claim to euro was near its highest since September 2021 at $1.1735, having climbed 1.7% last week, while sterling stood near a similar peak at $ dollar was down 0.5% on the yen at 143.86, and slipped 0.1% on the Canadian dollar to 1.3665 following the trade news. The dollar index eased to 97.075 , a whisker above three-year Reilly, a senior markets economist at Capital Economics, noted the dollar had fallen by more at this stage in the year than in any previous year since the US moved to a free-floating exchange rate in commodity markets, the general revival in risk sentiment has undermined gold, which hovered at $3,284 an ounce and further away from April's record top of $3, prices continued to struggle on concerns about plans for increased output from OPEC+, which contributed to a 12% slide last week. Brent dropped a further 14 cents to $67.63 a barrel, while U.S. crude eased 28 cents to $65.24 per barrel.
