SWISS RESORT
India refrains from associating itself with any communique emerging from Swiss summit on peace in Ukraine
India refrained from associating with any communique at the Ukraine peace summit hosted by Switzerland. The Ministry of External Affairs emphasized the importance of dialogue and diplomacy for a peaceful resolution to the Ukraine conflict.
80 countries at Swiss conference agree territorial integrity of Ukraine must be basis of any peace
Eighty countries have called for the "territorial integrity" of Ukraine to be the basis for any peace agreement to end Russia's two-year war. The joint communique capped a two-day conference at the Burgenstock resort in Switzerland, marked by the absence of Russia, which was not invited. About 100 delegations, mostly Western countries but also some key developing nations, were on hand for the conference. The final document focused on issues of nuclear safety, food security, and the exchange of prisoners.
At Swiss Peace Summit, Ukraine prez Volodymyr Zelenskyy says 'history being made'
In a brief statement to reporters alongside Swiss President Viola Amherd at the outset of the summit, Zelenskyy cast the gathering as a success, saying: "We have succeeded in bringing back to the world the idea that joint efforts can stop war and establish a just peace."
World leaders join Ukraine summit in test of Kyiv's diplomatic clout
More than 90 countries will take part, but China's absence in particular has dimmed hopes the summit would show Russia as globally isolated, while recent military reverses have put Kyiv on the back foot. The war in Gaza between Israel and Hamas has also diverted the world's attention from Ukraine.
Ukraine summit opens in Switzerland, seeking path to peace
World leaders were joining Ukrainian President Volodymyr Zelensky in Switzerland on Saturday for a summit on peace in his country, but with Russia staying away it is seen as the first step in a long process. "Together, we are making the first step toward just peace based on the UN Charter and fundamental principles of international law," he said on X, formerly Twitter.
World leaders to meet at Swiss resort on possible Ukraine peace roadmap, Russia is notably absent
Leaders from Ecuador, Ivory Coast, Kenya, and Somalia, alongside numerous Western heads of state and government, are set to convene at a conference this weekend to discuss the initial steps toward peace in Ukraine, with Russia notably absent. Hosted by Swiss officials, the conference will see over 50 heads of state and government, including Ukrainian President Volodymyr Zelenskyy, as well as 100 delegations from European bodies and the United Nations.
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90 countries to attend Swiss-hosted Ukraine peace summit that Russia is snubbing
Switzerland is hosting a Ukraine peace summit with nearly 90 countries and organizations attending, despite Russia's absence. The summit aims to pave the way for peace in Ukraine, 28 months after Russia's invasion. Leaders like Macron, Scholz, and Harris will attend. However, key countries like Turkey, South Africa, and Brazil have not confirmed participation. China and Brazil cited Russia's absence as a reason for their non-participation. Ukraine's President Zelenskyy will be there, and security measures, including deploying 4,000 military personnel, are in place.
Ukraine President Zelenskyy hopes for India's presence at Swiss peace summit next week
Ukraine President Zelenskyy congratulated PM Modi on India's parliamentary election win and invited India to a peace summit in Switzerland regarding the Russia-Ukraine conflict.
The Swiss watch that got Arnold Schwarzenegger in legal trouble in Germany sells for $290K
The action hero-turned-environmental campaigner was held at Munich airport Wednesday for failing to declare the bespoke Audemars Piguet timepiece that was being auctioned for his climate charity.
Ayodhya Ram Mandir craze reaches Davos: Devotees plan to sing Bhajans, light diyas in the Swiss ski resort town
The Ram Temple in Ayodhya has gained global attention at the World Economic Forum Annual Meeting in Davos. Devotees are planning to hold Ram Bhajans and light diyas on the consecration day. Ayodhya's development as a religious and tourism center has attracted the interest of global business leaders visiting Davos.
How Swiss authorities bungled Credit Suisse oversight
Hobbled by a series of scandals and failed restructuring plans under successive management teams, Credit Suisse had experienced massive deposit outflows in October 2022. Swiss National Bank Chairman Thomas Jordan and other officials believed the lender faced an existential crisis that could not be solved by just injecting cash, two of the sources said.
Finally, European ski resorts to witness snowfall in coming days. See where, when
Several tourists, who jetted off to Europe to witness snowfall and enjoy the ski resorts, have been left disappointed due to a lack of snow.
Pakistan’s economy faces a policy paralysis
Pakistan is yet again making efforts to seek loans and funds from external sources as it is neither able to attract foreign investment nor find any development partner interested to loan foreign exchange to avert a default like situation. Pak government has been compelled to resort to emergency sale of state’s assets to foreign countries, ET has learnt.
Notes from Davos: The Swiss connection
The population of Davos, estimated at about 10,000 (numbers India can conjure in a few blocks), survive on the business generated by ski tourism—which extends from end-November till April. Claudia, a German living in Davos for over 11 years, says the town all but shuts down in off-season. They do get an odd tourist engaged in hiking or biking. The residents therefore are delighted at this summer treat to their business.
WEF brings back Open Forum for general public at Davos
The Open Forum Davos 2022 will be hosting a series of panel discussions during May 23-26, all open to the public upon registration, while the panelists will include human rights activist and Nobel Peace Laureate Nadia Murad, Kyiv Mayor Vitaliy Klitschko, climate activist Vanessa Nakate, Moderna CEO Stephane Bancel and many others.
Swiss company invents robot that can make fondue with wine and cheese
The robot is set to make its grand debut at the Paris International Agricultural Show.
Lenders of Sintex Industries plan Swiss chllenge auction to avoid liquidation
The auction route will be undertaken mainly to get improved offers so as to prevent the company from going into liquidation since the offers from all four bidders are below the liquidation value, they said. The Reliance Industries-Assets Care & Reconstruction Enterprise (ACRE) team, a Welspun entity, Himatsingka Ventures and GHCL have submitted resolution plans last month.
Hill station more enchanting than Davos being planned near Zojila: Nitin Gadkari
"We are planning to make a hill city, more attractive than Davos on the picturesque high-altitude 18 km terrain between Zojila tunnel and Z-Morh tunnel...The world-class project will change the dynamics of both Ladakh and J&K territories and create huge employment," Union Minister Gadkari said.
Pandemic outside, paradise inside: How India's super-rich are dealing with COVID-19
Amid work from home, their mega closets gather dust as loungewear becomes the new suits. Understandably, those periodic shopping trips overseas are off bounds. The summer skiing trips to the Swiss Alps have been cancelled. The coronavirus has been truly democratic in its rage, not sparing even the rarefied and gilded world of India’s super-rich.
Gold rate today rises on safe haven demand
Gold futures were down 1.03 per cent or Rs 427 to Rs 40,952 per 10 grams.
Goldman sees gold hitting $1,800 as ‘haven of last resort’
Spot gold, which is up more than 8 per cent this year, traded at $1,651.70 an ounce.
Swiss residency, startup incubation and real estate investments: All on offer for Indians, others
The new venture, IDDI Investments, will also help people in identifying their target investments, including in distressed companies in their areas of interest and sectors like renewable energy, pharma, biotechnology and information technology.
Wealthy Indians from London and Dubai target the premium luxury markets in the Alps: Report
This index tracks the price of a four-bedroom chalet in a central location across key resorts in ski destinations in the French Alps and Swiss Alps.
Lenders to pick Ruchi Soya buyer using Swiss challenge method
As per the process finalised, Adani Wilmar will be given the first opportunity to raise its bid which will be followed by an option to Patanjali to revise its offer.
AccorHotels acquires Mövenpick Hotels & Resorts
Founded in 1973 in Switzerland, Mövenpick Hotels & Resorts operates in 27 countries with 84 hotels (more than 20,000 rooms) and a particularly strong presence in Europe and the Middle East.
India toast of town at Davos, from billboards to platters
The choices to sit and munch over are plenty -- there is the Indian government's official India Lounge, while Andhra Pradesh and Maharashtra governments too have set up their own lounges.
Movenpick may exit sole 5-star property in bengaluru
Movenpick is a premier business hotel world over, based on a Swiss hospitality theme. In India, it positioned itself as a five-star.
Swiss resort launches special train service for Chinese vacationers
The move is also aimed at providing better care to the growing number of Chinese travellers to one of Europe's leading holiday destinations.
Movenpick Hotels & Resorts announces third property in India
The upscale hotel will offer six F&B outlets, meeting rooms and a banquet hall. The property is scheduled to open towards the end of 2014.
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