Trump Says US Will ‘Guide’ Ships Out of the Strait of Hormuz Starting Monday Morning

EU Emissions Trading Expansion And The Pressure On German Aviation Industry Submitted by Thomas Kolbe Germany’s leading airline Lufthansa is closing its regional subsidiary CityLine, while low-cost carrier Ryanair is scaling back its Germany operations. Airport locations are under increasing pressure, with tens of thousands of jobs at stake. And how does politics respond to this veritable crisis? Naturally, with further levies. In this case, it was the EU Commission that came forward with the proposal to extend the EU Emissions Trading System (ETS) to international flights departing from Europe. Another new...

UBS CEO Warns Swiss Population Cap Is An 'Extreme' Measure A proposal headed for a June 14 vote in Switzerland made headlines for seeking to place a hard cap on the country's permanent resident population at 10 million through 2050. The vote is also being watched as a referendum on immigration pressure in Europe more broadly. UBS CEO Sergio Ermotti has caught the vapors over the idea, describing it as an "extreme" measure that fails to address the country's underlying challenges. UBS CEO Sergio Ermotti (photo: Chiara Zocchetti ) "I do worry about these...