Swiss voters back Netflix tax and Frontex funding boost
Swiss citizens approved a tax on streaming services and an increase in funding for the European border agency Frontex in a referendum held on Sunday, May 15.
The first proposal, commonly known as Lex Netflix in Switzerland, would see streaming services invest 4% of their revenue into Swiss film-making, in line with requirements already in place for national television broadcasters. The proposal was supported by 58.42% of the voters, while 41.58% voted against it.
The second proposal involved raising Switzerland’s annual contribution to the Frontex border agency to $61 million from $24 million. 71.48% of voters backed the increase and 28.52% opposed it. Earlier, the Swiss government expressed concern that a failure to provide funding could result in Switzerland being excluded from the Schengen treaty.
Furthermore, Swiss voters approved a law establishing that all citizens would be a possible source of organ donations when they die unless they explicitly opt out. Earlier, potential organ donors were required to give consent during their lifetime. It was supported by 60.2% of the vote, whereas 39.8% of voters opposed it.
Why Warren Buffett dislikes Bitcoin
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15:15 2022-06-24 UTC+00
Elon Musk’s fortune plunges by nearly $17 billion
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14:03 2022-06-24 UTC+00
Yellen predicts US steady economic growth
US Treasury Secretary Janet Yellen said in an interview to ABC program "This Week" that the US economy had recovered and the labor market had achieved full employment. She is confident that the country is on the path to steady and stable growth. Recession is not inevitable under such conditions. However, Mrs Yellen admits that US economic growth will slow down.
12:46 2022-06-24 UTC+00
Turkey’s annual inflation soars to 73.5%
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12:10 2022-06-24 UTC+00
West in talks on Russian oil price cap, Yellen said
Treasury Secretary Janet Yellen says the US is in talks with allies to set a price cap on Russian oil while maintaining its supplies to the global market.
11:56 2022-06-24 UTC+00
Experts predict severe downturn in global economy
The President and Chief Operating Officer of Goldman Sachs has joined the pessimistic camp of economists who foresee troubled times in the global economy. The expert warns that the world’s economy will be badly bruised by further upheavals. Earlier, the Chairman and Chief Executive Officer of JPMorgan Chase Jamie Dimon released his dismal forecast for the US economy.
10:32 2022-06-24 UTC+00