Category Archive: 3) Swiss Markets and News

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Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

Murdoch becomes major shareholder in Swiss MCH group

James Murdoch, the son of media tycoon Rupert Murdoch, has been elected to the board of directors of the leading Swiss exhibitions group, MCH.

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How Swiss staycationers are scouting out your next alpine getaway

Let’s dispose of the bad news right from the start. If you’re reading this and don’t live in Europe, chances are you’re not going to make it to Switzerland this year. Now for the good news. 

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Temporary employee sector hit hard by Covid-19 crisis

The number of hours worked by temporary employees in Switzerland has dropped by about 23% due to the impact of restrictions imposed in the wake of the Covid-19 pandemic.

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Swiss care homes and hospitals charged for mouldy masks

Expired, foul-smelling masks cost nearly a franc apiece for facilities in canton Bern at the start of the coronavirus crisis. As a healthcare worker told Swiss public radio, SRF, on Monday, some of the masks they had received earlier this year had to be recalled because they were covered in mildew.

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Most returning to Switzerland from Covid-19 risk countries skipping quarantine

Less than half of those returning to Switzerland from countries listed by the Swiss government as having a high risk of SARS-CoV-2 infection are complying with the quarantine rules set out in Switzerland’s Epidemic Act, according to an estimate by the NZZ newspaper.

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Swiss business raided over Fiat-Iveco ‘Dieselgate’ probe

Investigators have searched offices of car giant Fiat Chrysler and truck maker CNH Industrial in Switzerland, Germany and Italy as part of a German-led probe into suspected illegal manipulation of diesel emissions.

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Referendum launched against SwissCovid app

A group in Switzerland has decided to launch a vote against Switzerland’s contact tracing app, an application designed to make it easier to know whether someone has been in contact with someone infected with the SARS-CoV-2 virus.

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Switzerland adds 15 nations to its list of compulsory quarantine countries

From 23 July 2020, people arriving in Switzerland from 42 nations must quarantine for 10 days. On 23 July 2020, the government added 15 nations to its existing list of nations where there is an increased risk of SARS-CoV-2 infection.

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Swiss humanitarian trade deal with Iran faces delay, questions 

Swiss “good offices” between Tehran and Washington have brought about a humanitarian aid channel allowing Swiss-based companies to send medicines and other vital goods to Iran despite US sanctions. But it remains to be seen to what extent the now-delayed deal will help the Iranian people versus Swiss political and economic interests. 

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SWISS to speed up airfare refunds

Swiss International Air Lines (SWISS) plans to speed up the refund process for airline tickets purchased via travel agencies affected by the coronavirus pandemic.

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UBS Investor Sentiment and ElectionWatch: Politics and US elections temper wealthy investors’ rising optimism

Most wealthy investors and business owners globally have said they plan to adjust their portfolios based on who wins the US election, with almost half seeing November’s vote as one of their top concerns, according to the new Investor Sentiment study by UBS, the world's leading global wealth manager.

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UBS Secures Naming Rights to New York’s Next Premier Entertainment and Sports Venue and Future Home of the New York Islanders

State of the art UBS Arena at Belmont Park, developed in partnership with Oak View Group, the New York Islanders, and Sterling Project Development, is projected to open for the 2021-22 National Hockey League season.

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Group challenges law behind Covid-19 tracing app

A committee has launched a referendum against changes made to the Epidemics Act to allow the introduction of the SwissCovid tracing app. The citizens say they’re concerned about data security.

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Swiss banks eye Hong Kong clients for pro-democracy ties

Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter.

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Mandatory masks well accepted on Swiss public transport

Passengers on Swiss trams, buses, and trains have adapted well since a rule requiring face masks was introduced a fortnight ago. However, boat operating companies say they are losing business.

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Embattled Swiss watch industry targets mainland China

The absence of tourists due to Covid-19 will have significant negative repercussions on the Swiss watch industry. In an attempt to make up for this loss of income, manufacturers are focusing their activities more on mainland China as well as easing off the bling.

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Biggest Swiss-based arms manufacturers revealed

Exporting arms is big business for Switzerland, but who are the actual manufacturers and exporters? After a five-year legal dispute, names can finally be published. Swiss companies exported CHF501 million ($530 million) in war materiel in the first half of 2020, the State Secretariat for Economic Affairs (SECO) said on Tuesday, almost twice as much as the same period in 2019.

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Swiss Solidarity raises CHF40 million for most vulnerable affected by Covid-19

The humanitarian charity Swiss Solidarity is helping over 100 groups to provide emergency assistance to the elderly, the homeless and other vulnerable people who have been struggling in Switzerland during the coronavirus pandemic.

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Report alleges targeting of Swiss-based Catalan separatist’s phone

The telephone of Anna Gabriel, a leading figure of the separatist movement in Catalonia who has sought refuge in Geneva, has been reportedly targeted by a “possible case of domestic political espionage”, according to a news investigation.

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Coronavirus: immunity might disappear within months in some patients

A recently published study by researchers at King’s College London shows SARS-CoV-2 antibodies fall to undetectable levels within 60 days in some patients. These findings potentially undermine the efficacy of vaccines aimed at triggering an antibody response, along with hopes of herd immunity.

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