Bureau Chief, Zurich
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Oct 1, 2012

Demerged Kraft unit sees consumers hungry for snacks

ZURICH (Reuters) – Mondelez International Inc (MDLZV.O: Quote, Profile, Research, Stock Buzz), which ranks as the world’s biggest chocolate, candy and biscuit maker after being carved out of Kraft Foods Inc (KFT.O: Quote, Profile, Research, Stock Buzz), is optimistic busy consumers will keep driving booming demand for snacks despite the downturn.

Mondelez, whose stable of brands includes Cadbury and Milka chocolate, was launched on Tuesday after a demerger from Kraft’s North American grocery business, still called Kraft.

Oct 1, 2012

Merkel challenger stokes Swiss fears over banks, tax deal

ZURICH, Oct 1 (Reuters) – Politicians and commentators in
Switzerland are worried that the nomination of Peer Steinbrueck
- a critic of Swiss banking secrecy – to challenge Angela Merkel
in an election next year may foil a tax deal with Germany and
fan anti-Swiss sentiment.

Germany’s opposition Social Democrats (SPD) on Friday named
Steinbrueck as their candidate for chancellor, prompting Swiss
fears he may seek to rally support against a popular Merkel by
campaigning against a tax deal she struck with Switzerland that
the SPD sees as being too soft on tax dodgers.

Sep 21, 2012
Sep 19, 2012

Ex-German finance minister keeps up pressure on Swiss over tax

ZURICH (Reuters) – Former German Finance Minister Peer Steinbrueck said on Wednesday federal states led by his Social Democrats would not waver in their opposition to a deal with Switzerland meant to stop Germans using secret accounts to evade taxes.

Speaking to a Swiss business audience, Steinbrueck alluded to comments he made in 2009 that enraged Switzerland during a global drive to clamp down on tax havens: “I know I am on thin ice but I will still walk on it.”

Sep 17, 2012
Sep 15, 2012
Sep 14, 2012
Sep 14, 2012

Swiss campaigner scents victory in fat cat pay battle

BERNE, Sept 14 (Reuters) – A Swiss
businessman-turned-politician is confident citizens will vote to
impose some of the tightest controls on fat cat pay in the
world, rejecting warnings from the country’s powerful business
lobby that the measures will scare big companies away.

Thomas Minder, elected last year as an independent member of
the upper house of parliament, has led a four-year campaign to
give shareholders a binding vote on the pay of company managers
and directors as well as ban golden handshakes and parachutes.

Sep 13, 2012
Sep 13, 2012

Swiss parliament backs tax hike for wealthy foreigners

ZURICH (Reuters) – Switzerland will keep its special low-tax deals for wealthy foreigners such as music and sports celebrities but increase the amount of tax they pay following a vote by parliament which faced pressure to scrap the system.

The lower house of parliament voted late on Wednesday to reject a proposal by the center-left Social Democrats (SP) to scrap the tax breaks but adopted a government plan to raise the tax most rich foreigners have to pay.

    • About Emma

      "I lead Reuters coverage out of Switzerland, managing teams of journalists and visuals staff in Zurich, Geneva and Bern. I have been in this job since 2008 and was previously chief correspondent in the Netherlands. Before that, I had reporter postings in Germany and South Africa, mainly covering politics and economics. I joined Reuters in 1995."
      Joined Reuters:
      1995
      Languages:
      English, German, Dutch, Spanish, French
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