Swiss govt drafts law for EU immigration quota
Berne
THE Swiss government on Wednesday proposed a draft law to limit immigration from the European Union following a referendum, but said it was seeking talks with the EU in order not to violate other treaties including on the free movement of people.
The proposed law follows a successful referendum launched by the right-wing Swiss People's Party (SVP) to impose strict quotas on immigration. The measure was strongly opposed by the government as well as Swiss banks, drugmakers and other industries …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Markets are embracing India's Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery