Mercedes Ruehl
Switzerland and Austria correspondent for @financialtimes.com based in Zurich, via Singapore and Hong Kong. ft.com/mercedes-ruehl
Get in touch: Mercedes.Ruehl@FT.com
- From Switzerland, Partners Group built a $185bn business by serving individual investors. Bigger US rivals now have the market in their sights. Can it keep its edge? www.ft.com/content/7b9e...
- In today's paper: How the celestial calendar met high finance for the upcoming SpaceX IPO www.ft.com/content/0ee3...
- Reposted by Mercedes RuehlTricky times for the SNB as dollar slump and yen vol sends global capital to last "reliable" FX haven. By @mjruehl.bsky.social + me www.ft.com/content/4eb0...
- How to get our kids to read books “…we risk something even starker than the further decline of a subject: losing generations of young readers and the curiosity, empathy and creativity that reading can inspire” as.ft.com/r/b25fc9b5-3...
- Nigel Farage attended Davos on a pass sponsored by the family office of Iranian billionaire Sasan Ghandehari, which told the WEF that the Reform UK leader had advised the company since 2018. W @ortenca.bsky.social and Anna Gross as.ft.com/r/9d784a9c-e...
- Reposted by Mercedes RuehlNigel Farage attended Davos on a pass sponsored by the family office of Iranian billionaire Sasan Ghandehari, which told the World Economic Forum that the Reform UK leader had advised the company since 2018. ft.trib.al/V138xDu
- Reposted by Mercedes Ruehl“Nobody is in any mood to stage a grand spectacle around an agreement with Trump right now” said one official, adding that Greenland & the Board of Peace had “eclipsed” Ukraine at Davos w super crew @christopherjm.ft.com @paolatamma.bsky.social @mjruehl.bsky.social as.ft.com/r/4c0e37ac-6...
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- Today’s FT big read: Can Switzerland adapt to a harder global order ? There is a perception that the country’s bearings are shifting. Yet Switzerland enters this turbulent period with formidable economic strengths. as.ft.com/r/17d3bbe3-5... Is Switzerland losing its place in the world?
- UBS shares have climbed to their highest level in more than 17 years, buoyed by growing investor optimism that Swiss lawmakers will reach a compromise on proposals to impose tougher capital rules on the bank. as.ft.com/r/4bcf8118-6...
- Swiss prosecutors have filed charges against Credit Suisse and its owner UBS over alleged organisational “deficiencies” linked to a roughly $7mn payment at the centre of the Mozambique $2bn “tuna bonds” scandal. on.ft.com/4osWdcP
- UBS will appeal a Swiss court decision that found a writedown of nearly SFr16.5bn in Credit Suisse bonds lacked a sufficient legal basis. on.ft.com/4qDcYV6
- Does the world still need Davos? www.ft.com/content/8f7d...
- on.ft.com/4g7GjSv Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest
- Celebrating democracy in Switzerland with wurst and a show of hands on.ft.com/3JkWlfn Switzerland celebrates hands-on democracy (with sausages)
- on.ft.com/45ftksS Switzerland in ‘shock’ at 39% US tariff blow
- Be interesting to see if any heads will roll at UBS over this on.ft.com/4mhC9t4 UBS orders bankers to scale back sale of complex currency products
- also, HT @matt-levine.bsky.social for one of my now favourite ever charts www.bloomberg.com/opinion/news...
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- Scoop: After the US pullback, China is making a concerted effort to expand its influence throughout the UN. Story here with @henryjfoy.ft.com @lauramdubois.ft.com and Joe Leahy here: www.ft.com/content/e289...
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- Reposted by Mercedes Ruehl#Trade: #Switzerland stirs #Brexit ghosts in push for #EU access, by @mjruehl.bsky.social and @andybounds.bsky.social | Financial Times
- Reposted by Mercedes RuehlFrom a very good piece by @andybounds.bsky.social and @mjruehl.bsky.social in today's FT on the EU-Swiss deal and the difficult road ahead: www.ft.com/content/3200...
- Bankers and lawyers warn of a UK-style exodus ahead of an extreme proposed inheritance tax in Switzerland: this weekend’s FT front page
- The other crucial part of this that gets lost is the proposed tax would also affect those running the thousands of small and medium sized businesses and entrepreneurial families spread across the country, many of which have their money entirely tied up in the business. on.ft.com/4nd3rCb
- As a teenage apprentice in Switzerland, Stefan Bollinger was told that with no university degree, his banking career was over. Now the former Goldman and JPMorgan banker has landed one of the top jobs in Swiss finance at Julius Baer. Can he turn it around? www.ft.com/content/c4bc...
- Reposted by Mercedes RuehlSwitzerland's benchmark interest rate is a big fat zero via @mjruehl.bsky.social in Zurich + me www.ft.com/content/4282...
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- The raid on a finance blog is a worrying sign for press freedom in Switzerland. The journalist in question doggedly uncovered a huge banking scandal and now may be punished under draconian Swiss secrecy laws. on.ft.com/443SKZR Finance blog raided over suspected Swiss banking secrecy law breaches
- And as always, an excellent take on this from the FT’s superb due diligence team here www.ft.com/content/1e38...
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- Reposted by Mercedes RuehlAlways worth listening to @katie0martin.ft.com on.ft.com/4kXL7eE Why we should worry about the rise of stablecoins
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- FT INTERVIEW: EU asylum laws no longer correspond to their original intention says Austria’s chancellor. on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
- “In German we say beratungsresistent: resistant to advice. That is the essence of the problem . . . it is a sad story” on.ft.com/44PfZJv Activist takes on Swatch maverick as Omega empire falters
- He “couldn’t let go — if these scandals hadn’t happened he would still be here”: the battle by World Economic Forum founder Klaus Schwab to save his legacy. With @stephenfoleyft.bsky.social www.ft.com/content/011d...
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- With global trade in disarray, autocracy on the march and aid organisations reeling from US funding cuts, Geneva fears for the future as a hub for diplomacy. on.ft.com/44hhEan Geneva fights to remain ‘kitchen’ of world diplomacy as Trump cuts bite
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- Swiss monetary policymakers are in a "staggeringly difficult" position following Trump's global trade turmoil. The rapid appreciation in the franc risks a deflationary shock for Switzerland. More here: www.ft.com/content/029e...
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- Davos man Klaus Schwab says he is the victim of a “character assassination” and denied all the claims against him. www.ft.com/content/85d1...
- Ivorian opposition leader and former Credit Suisse chief executive Tidjane Thiam has said he will “use every legal means” to fight a ruling that has barred him from running for president later this year. on.ft.com/4jqMlyA
- In 2023 this Swiss ski village didnt have a single US buyer. This year the number of Americans buying has exploded - especially the week of Trump’s tariff chaos. on.ft.com/3RVURtc The Swiss Alps ski village that is luring nervous Americans
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- A sign of the times : Swiss president and finance minister attends an EU ecofin meeting for the first time following Trump trade broadside on.ft.com/4llANxP Switzerland seeks closer EU ties in response to Trump shock
- Austria is moving to tighten asylum laws by blocking relatives of refugees from joining them in the country — a policy shift that would be a first in the EU and could set a precedent for other member states considering stricter immigration policies. W/ @lauramdubois.ft.com on.ft.com/4jkg0ZC
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- Reposted by Mercedes RuehlProtecting ‘Australianess’ in the Netflix age - why a 'Neighbours Tax' remains in development hell and faces an uphill task in the Trump trade war. on.ft.com/3FXHAh4 via @financialtimes
- on.ft.com/41Zlbsr Swiss cheesemakers should hope there’s no ‘Liberation Day 2’ Great by @louisashworth.bsky.social
- Reposted by Mercedes Ruehl"What is essential now after the turmoil of the last months, is to recover our sense of mission." FT exclusive: Davos forum founder Klaus Schwab to step down as chair of trustees www.ft.com/content/347f...
- Is this the end of Davos man Klaus Schwab ? on.ft.com/44baLal Davos forum founder Klaus Schwab to step down as chair of trustees
- “This is not a negotiation”: Is UBS’s ‘deal of the century’ starting to sour? Story here with Simon Foy. www.ft.com/content/395c...
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- Americans rush for Swiss accounts: “Since the election there have been some anti-Trump clients and many are driven by fear” on.ft.com/4iXiOvK Wealthy Americans seek refuge from Donald Trump in Swiss banks
- on.ft.com/4izKzuA Austria’s intelligence agency is investigating a Bulgarian national, linked to Wirecard fugitive Jan Marsalek, for alleged espionage and for abetting a Russian campaign to spread disinformation about Ukraine.
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- Reposted by Mercedes RuehlThis is a story about the rise and fall of a man from a working-class town. It’s about power in a grey area of global finance. It’s about football, swearing, a Blackpool bar called Shenanigans and a tangerine-coloured private boat. Enjoy. w/ @bondhack.ft.com @ortenca.bsky.social on.ft.com/3DTv1m6
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- Reposted by Mercedes RuehlMeta's trying to suppress Sarah Wynn-Williams book because it exposes what an amoral man child Mark Zuckerberg is and how Facebook "doesn't give a fuck" about people. Sarah, who is a friend, knows what she's talking about. She worked at Meta for years. Buy her book! www.amazon.com/Careless-Peo...
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- Is petrelintide the "more pleasant" next phase in the fiercely competitive weight loss market? www.ft.com/content/80c5...
- “Trump is a bully – that is like saying the Pope’s a Catholic – and if you suck up to him, you will just get more bullying.” www.smh.com.au/world/north-...
- Reposted by Mercedes RuehlNEW: €150bn in 🇪🇺 loans will be spent on weapons procured in EU and like-minded countries🇬🇧🇳🇴🇨🇭. Currently, 2/3 of EU-bought weapons are made in USA. Big consequence of Trump's European retreat: more spending on made-in-Europe kit. Via @financialtimes.com www.ft.com/content/c205...
- And so ends an eight-year joint venture that bet on Chinese capital markets opening up to the west. on.ft.com/4icGGvi China’s Geely sells Saxo Bank stake to Swiss private bank
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