Swiss Inflation Rebounds But Stays Close to Deflationary Levels
Consumer prices were 0.1% higher than the same month of last year, compared with annual inflation of minus 0.1% in May, Switzerland's statistics office said Thursday.
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New York Times
21 minutes ago
- New York Times
Newcastle pushing to secure signing of Anthony Elanga from Nottingham Forest
Newcastle United are pushing to secure the signing of Anthony Elanga from Nottingham Forest. A new offer has been made by the St James' Park club worth more than £50million plus bonuses. Their efforts to finalise a deal with Forest continue and work is also needed on the player side. The Athletic previously reported that Newcastle had seen a bid in the region of £45million for the 21-year-old rejected by Forest. Advertisement Elanga, 23, featured in all 38 of Forest's Premier League games in 2024-25, scoring six goals and providing 11 assists, as the club qualified for the Conference League with a seventh-place finish. The Sweden international was also the subject of interest from Newcastle last summer. Newcastle were willing to pay a fee worth around £45million ($57m), with the potential package including an initial £30m payment, a swap deal for Paraguay winger Miguel Almiron (valued at £5m, and who has subsequently joined Atlanta United) and two potential further payments of £5m. The versatile forward joined Forest from Manchester United in a £15m deal in July 2023 and has scored 11 goals in 83 appearances for the club. Analysis by Ahmed Walid The right-winger can play on either flank, has shown defensive discipline under Nuno Espirito Santo at Forest, and has the pace and ball-carrying ability to be a menace on attacking transitions. Under Eddie Howe, Newcastle have been a team that thrives on the transition, with the physicality of their midfielders and the speed of their front line essential. Newcastle's tendency to attack quickly on the transition plays to Elanga's strengths. The right-winger's ability to dribble at a high speed while making wise decisions means he is a threat when his team wins the ball and attacks an unstructured defence. Last season, Elanga had the most assists from crosses (six) in the Premier League, and he only drops to second place when the stats are adjusted to a per-game basis for players who played at least 900 minutes. Meanwhile, his expected assists (xA) from crosses per 90 (0.12) was the 12th highest in the league in 2024-25, suggesting he overperformed his data slightly, but that he was still one of the league's leading threats. In the wide areas, Newcastle's passing combinations have been a staple of their attack in recent seasons, and despite Forest not using it as frequently, Elanga has a profile that fits this attacking method.
Yahoo
22 minutes ago
- Yahoo
Topbreed, SmartHeart, and Superdogs Among Winners at 2025-2026 World Branding Awards Animalis Edition in Vienna
LONDON, July 03, 2025--(BUSINESS WIRE)--The 2025-2026 World Branding Awards Animalis Edition marked its fifth instalment, bringing together leading pet and animal brands from every corner of the globe. These brands were celebrated for their outstanding achievements, earning recognition as National, Regional, and Global Winners. The awards ceremony, held at Vienna's prestigious Hofburg Palace, welcomed winners across diverse categories, including pet food, retail, wellness, pet exhibitions, and aquatic products. Mounia Berrada-Gouzi expertly hosted the evening, which culminated in a grand celebration of brand excellence. "The Animalis Edition of the World Branding Awards recognises brands that have achieved the highest distinction—genuine recognition in the hearts and minds of consumers. Tonight, we honour those whose names resonate globally, whose values inspire loyalty, and whose presence defines excellence in the pet and animal industry," said Richard Rowles, Chairman of the World Branding Forum. Out of over 950 brands nominated by more than 80,000 consumers in a global online survey, only the top 105 brands from 25 countries achieved the coveted title of winner. Earning a World Branding Award is a significant achievement, solidifying their status as industry leaders. Proving their excellence and impeccable branding, the Global tier winners include Frontline (Germany), Kit Cat (Singapore), KONG (UK), Sheba (USA), and Whiskas (USA). Winners from The Philippines include Topbreed, SmartHeart, and Superdogs. Other National tier winners include Bamboodles (UK), CIAO (Japan), Cooper and Gracie (UK), Delibest (Switzerland), Heads Up For Tails (India), Kaniva (Thailand), Kasty (Thailand), Nutriment Natural Treats (UK), Pampered Pets (Singapore), Petio (Japan), Powercat (Malaysia), Pramy (Thailand), and Vancat (Türkiye), to name a few. Regional tier winners include Alps Natural (Malaysia), EHEIM (Germany), and Hikari (Japan). These brands were voted as consumers' favourites in 4 or more countries across 3 or more areas in a specific geographic region. As the 2025-2026 World Branding Awards Animalis Edition concludes, the highly anticipated Global Edition of the World Branding Awards is set to return to the stage this November. For more information, visit ABOUT WORLD BRANDING AWARDS The World Branding Awards is the premier award of the World Branding Forum, a registered non-profit organisation. The awards recognise the achievements of some of the world's best brands. SOCIAL MEDIA Facebook: Twitter: Instagram: LinkedIn: View source version on Contacts EDITORIAL CONTACT Email: editorial@
Forbes
33 minutes ago
- Forbes
Considering A Career Move Or Pension In Crypto? Crypto's Overdue Respect
Young stock trader shows executive managers cryptocurrency and market correlation on wall TV. It is estimated that over 55 million Americans use cryptocurrencies, 20% of the adult population. Europe has an estimated 31 million cryptocurrency users, 25% of the adult population, and in the U.K. its 12% of the of the adult population, or 4 million adults. Africa has 38 million users, Latin America has 55 million users, and Asia, comprising 48 counties, has 263 million users. Crypto is moving into the mainstream globally and the broad acceptance of digital assets is accelerating. The U.S. Administration's pro-crypto stance is certainly delivering greater regulatory clarity with the Genius Act for stablecoins and the SEC's Crypto Task Force. SEC Chair Paul Atkins says the self-custody of crypto is a fundamental American right, linking it to personal freedom and property control. Greater regulatory clarity is welcome, and it is increasingly clear that there is a growing change of attitude towards cryptocurrencies among many global regulators driven by a range factors including the prospect of greater economic growth, financial inclusion and wealth creation opportunities for citizens. The markets have witnessed Circle's eye watering IPO and share price which is helping to drive the path to IPO for crypto exchanges like Kraken, Gemini and Bullish. It is difficult to not conclude that cryptocurrencies and digital assets are becoming respectable. A Career In Crypto Is Now Cool With The Establishment By many estimates, almost half of the professionals working in crypto and digital assets come from TradFi capital markets, top tier banks to asset managers. There has always been somewhat of career risk for TradFi talent working in crypto, especially enduring the hostility by some policymakers and regulators over the past few years. Institutional investment is now piling in crypto - it is estimated that institutions now hold 25% of the U.S. bitcoin ETF market - and this is making crypto more respectable and driving a requirement for TradFi talent that is willing to stake its career on working in the burgeoning digital assets industry. New research by leading European digital assets hedge fund Nickel Digital Asset Management shows that is changing. Nickel Digital itself was founded by an alumnus from Bankers Trust, Goldman Sachs, and JP Morgan. The research surveyed institutional investors and wealth managers in the U.S., U.K., Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage over $1 trillion in assets. More than half (53%) surveyed believe the career risk for executives in the crypto industry has fallen under the Trump Presidency with 17% saying it has significantly reduced. Around a third (33%) say the risk has increased with only 1% say it has significantly increased. Mitigating career risks depends largely on regulation of the sector. More than four out of five (83%) questioned said it is extremely or very important in reducing career risk when investing in digital assets with 30% saying it is extremely important. Anatoly Crachilov, ceo and founding partner at Nickel Digital, says, 'The mainstream adoption of digital assets pioneered by firms such as BlackRock, Fidelity, and Goldman, has been turbo-charged by the Trump presidency and the fear of career risk is receding, driving greater engagement by traditional allocators. 'Robust regulation is central to the growth of the sector but there are more practical issues to be addressed including deeper liquidity and improvements to market infrastructure that will mitigate counterparty risks concerns.' Pension Funds Are Allocating To Cryptoassets Defined benefit and hybrid pension scheme specialist Cartwright has announced the first bitcoin allocation into the investment portfolio of an unnamed U.K. pension scheme. It described the investment as 'a strategic move that, not only offers diversification, but also taps into an asset class with a unique asymmetric risk-return profile.' The Cartwright announcement was denounced as 'deeply irresponsible' by some commentators, pointing to the cautionary tale of the Ontario Teachers' Pension Plan writing down its $95 million investment in FTX following its bankruptcy. This criticism is misplaced as the FTX bankruptcy was pure human fraud and nothing to do with cryptocurrencies, a cryptocurrency investment, or new blockchain digital technologies. U.S. pension schemes however are not worried. Schemes in Wisconsin and Michigan are major investors in crypto ETFs which are regulated. Texas, Ohio, Pennsylvania and Oklahoma are looking at establishing bitcoin reserves. Zodia Markets Ireland chair Michael Walsh estimates that 1% of crypto ETFs are being bought by U.S. pension funds which sounds small, and adds '1% of a $100 billion market might not seem significant but it represents over a billion dollars with substantial room for growth.' The growth potential in the crypto ETF market is obvious and the direction of travel seems to be up. BlackRock's iShares Bitcoin Trust (IBIT) recently bought $970 million Bitcoin in a day and now holds over $56 billion in assets. It is estimated to hold 3% of the total global supply of bitcoin. Blackrock's IBIT is the one of the hottest ETF tickets in the market, overtaking its S&P 500 ETF in annual revenue. BlackRock ceo Larry Fink has talked about bitcoin replacing the U.S. dollar as the world's reserve currency due to potential concerns about rising U.S. Government debt, especially following the fresh passage of the new budget bill. With record U.S. debt, weak bond auctions, and the weakest dollar since the 1970s, the threat of the U.S. debt default is looming on the mind of foreign debt holders, with some foreign asset managers publicly stating they are now overweight in both U.S. debt and equity. Respectability And Engagement Breeds Success The Nickel Digital research among firms already invested in digital assets shows growth in crypto markets is driving increased respectability. Markets can drift but as long as they are not crashing there is a continuing confidence that builds over the the longer-term. Nearly nine out of 10 (88%) questioned say they will increase their level of investment in digital assets this year, building on the 67% who said they increased investment in the last year. They expect major investor groups to follow suit. Around 70% predict pension funds will dramatically increase investment in digital assets over the next two years while 57% believe wealth managers will dramatically increase investment and 40% say the same about family offices. Most are increasingly positive about the outlook for digital assets as they increase their understanding of the industry with 90% positive on digital assets as an asset class and 13% saying they are very positive. None of the organisations surveyed were negative on the current market with 10% saying they were neutral. Part of the growing confidence is due to deeper engagement with the digital asset industry and a greater understanding of the investment benefits beyond investment returns. Nickel Digital's research asked professional investors to rank the benefits of investing in the industry. The ability to trade 24/7 and the efficiency of the DeFi ecosystem are rated as the two major benefits of investing in the sector ahead of the prospect of better returns than other asset classes, which was rated third. Capital appreciation and the role of digital assets as a hedge against currency depreciation were ranked fourth and fifth ahead of yield opportunities and their role as a hedge against inflation. Arbitrage opportunities and low correlation to other asset classes were ranked eighth and ninth. Crachilov stresses the importance of regulation saying, "Regulators play a critical role in supporting the evolution of the digital asset sector. While no regulatory framework can eliminate all possible risks, investors appreciate value of global regulators' drive for transparency, accountability, while, at the same time, providing constructive approach to regulation in the crypto sector." The research found 88% believe the risk of another FTX-style scandal has been reduced with more than a third (35%) saying it has fallen sharply. A similar study in July 2024 by Nickel Digital found 75% believed the risk had dropped with 20% saying it had fallen sharply. Confidence in regulation and growing respectability is encouraging more firms to engage. 43% of institutional investors and wealth managers questioned believe there will be a dramatic increase in traditional financial firms launching crypto funds and investment solutions over the next two years. That increasing involvement by traditional institutions is good news for the sector with nearly one in five (18%) say the involvement of major firms is very positive for the sector and 74% saying it's quite positive. Performance is key – investors questioned believe crypto will be one of their top five asset classes for risk-adjusted returns over the next five years. Private equity was the next most selected followed by emerging market (EM) equities – EMs have become popular destinations for those asset allocators overweight in U.S. equities. Crypto's journey to respectability has been a long one. There will be bumps in the road ahead, though the threat of the next crypto winter in the short term appears a lower probability to most crypto analysts and pundits. Many TrandFi analysts and pundits are not as sure they can say same the same about traditional markets.
