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In February 2022, a coordinated media effort targeted Credit Suisse and the Swiss financial sector, exposing connections to autocrats and corrupt officials hiding wealth in Switzerland. Notably, the US government funded journalists involved in this investigation, raising questions about bias in their reporting.
The shipping industry faces a severe seafarer shortage, exacerbated by geopolitical conflicts and changing workforce priorities. With a projected shortfall of 90,000 trained seafarers by 2026, companies are hiring less experienced personnel, leading to safety concerns and inflated freight rates. The appeal of seafaring is diminishing among younger generations, prompting firms to enhance onboard conditions to attract talent.
War in the Middle East could lead to the closure of airspace over several countries, including Iran, Iraq, and Israel, while Russian airspace remains off-limits to Western airlines. This would force global air traffic into a few congested corridors, severely limiting available routes for east-west flights.
As the US presidential election approaches, former President Trump is under pressure to withdraw from both the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC). Legal experts are divided on the feasibility of exiting the UNFCCC without Senate approval, which could significantly diminish US influence in global climate negotiations. A potential exit would not only exempt the US from submitting climate action plans but could also weaken international pressure on major emitters like China.
Former SBB manager Wolfgang Winter has been sentenced to three years in prison for fraud involving bogus companies and inflated sales to Elvetino. Meanwhile, Elon Musk reportedly maintains regular contact with Vladimir Putin, discussing various geopolitical issues. In sports, Swiss skier Lara Gut-Behrami has parted ways with her long-time sponsor Camille Bloch, while the PKK has claimed responsibility for a deadly attack in Ankara.
Houthi rebels, allegedly supported by Russian intelligence, have intensified attacks on Red Sea trade routes, targeting Western vessels with ballistic missiles and kamikaze drones. These actions, which began post-Gaza war, aim to express solidarity with Palestinians and have led to over 70 attacks, forcing ships to reroute around Africa and increasing container rates. Maersk has adjusted its financial outlook due to heightened demand and supply chain disruptions.
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