Category Archive: 3.) Investec

Swiss tourism – sharp rises and falls from some countries over the summer

The number of visitors to Switzerland rose 6% this summer, but this headline figure hides some steep rises and falls. From May to October 2017, 11 million people holidayed in Switzerland, 644,000 more than the over same period in 2016.

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Switzerland’s “harmful tax regime” gets it on EU grey list

This week EU Finance ministers came out with a list of countries it thinks don’t measure up to its definition of good tax behaviour. There are two categories: blacklist and so-called “grey list”. Black is bad and grey is heading toward good, but not yet there. Switzerland is on the “grey list”.

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Switzerland’s 1.3 billion franc payment to EU proves divisive

Switzerland’s deal with the EU involves a financial contribution. The sum announced by the Federal Council is CHF 1.3 billion over the next 10 years.The arrangement, announced on Thursday to coincide with a visit by european commission president Jean-Claude Juncker, extends a previous 10 year deal.

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Stress rises among Swiss workers

A recent report by Travail.Suisse shows around 40% of Swiss workers report feeling often or very often stressed by their work.Stress and emotional exhaustion is a daily reality for many says Travail.Suisse. Between 2015 and 2017, the percentage suffering work related stress or emotional exhaustion has risen from 38% to 48%.

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Switzerland moves closer to female board quotas

This week, Switzerland moved closer to requiring minimum percentages of women on company boards and management teams. A parliamentary commission came out in support of the Federal Council’s plan to require greater gender balance in the boardrooms of Switzerland’s large listed companies.

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One billion franc Swiss winter Olympic bid sparks backlash

On Wednesday, Switzerland’s Federal Council said it would stand behind the country’s winter Olympic bid to the tune of nearly one billion francs, according to newspaper 20 Minutes. The town of Sion, in Valais, is throwing its Olympic hat into the ring as the centerpiece for the 2026 winter games. Other cantons would also host certain events. In autumn 2019, a choice will be made between Sion, and other possible contenders, including Innsbruck...

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Swiss mobile roaming charges – a glimmer of hope

Switzerland’s federal council, the country’s seven-person executive or cabinet, has come up with a plan to cut those exorbitant mobile roaming phone bills that many of us return home to after trips abroad, an experience which hurts even more now roaming charges have been eliminated for EU residents.

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The number of Swiss brewers continues to rise despite declining beer consumption

A recent report shows a 2% drop in average Swiss beer consumption in 2016. Over the last 20 years it has dropped 4% to 54.9 litres per person. On its own this would be no cause for alarm, however in 2016, the number of breweries in Switzerland rose by 21% to 753. Since 2011, the number is up 118% from 345. The website bov.ch lists 794 breweries in Switzerland so it is possible that the number has grown further since government statistics were...

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Swiss retailers called on to remove palm oil from their products

Two Swiss NGOs have started a petition calling for Swiss retailers to reduce or remove palm oil from their products. Present in many processed foods, cosmetics and detergents, the ingredient has a bad reputation. The NGOs Bread for All and the Swiss Catholic Lenten Fund want to see a reduction in palm oil consumption. They believe voluntary initiatives by the palm oil sector to clean up the industry have done nothing to address the real problems...

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Swiss employee associations not opposed to a 60 hour week

Swiss employee associations are not opposed to a 60 hour week. Several parliamentary initiatives aim to loosen Swiss labour rules. The first aims to allow staff and employers more flexibility regarding hours worked and time off. The second aims to loosen rules on recording hours of work by managers and specialists. Another initiative aims to extend this to include employees with shareholdings in start-ups.

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Swiss gender pay gap only 2 percent, says study

The report says that while it is true that, as a group, women get paid less than men, it is not because they receive less for the same work. It is because they don’t get the highest-paying jobs in the highest-paid industries.

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Swiss Rail advert triggers accusation of sexism

According to various newspapers, Swiss Rail placed an advert on a job portal at ETH, a university in Zurich, offering work to cunning vixens, “schlaue Füchsinnen” in German. Successful applicants need to dress up as foxes, including fox tails, and run around train stations with posters informing travellers of alternative train connections.

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Median Swiss salaries by occupation, region, gender and immigration status

If you have ever wondered how much employees in Switzerland get paid you can check with the online tool Salarium, created by the Swiss government. The information is compiled from a database of numbers from a salary survey done in 2014.

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Swiss trust in news media in decline, says report

A recent report by the Reuters Institute shows a fall in trust in news media in Switzerland. They survey shows that only 46% trust news overall. This is down 4% compared to the year before. The report suggests this is an effect of the debate around ‘fake news’ resulting from the presidential election in the US, a subject that dominated Swiss media at the time.

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Swiss franc slides 4 percent in one week

On 24 July 2017, the Swiss franc was 1.101 to the euro. One week later on 31 July 2017 it was 1.145, according to Bloomberg. Over the month it dropped from 1.095 to 1.145, a drop Reuters described as the biggest monthly drop in six years. The Swiss National Bank (SNB) has been working hard to bring down the value of the Swiss franc. Speaking to the newspaper Le Temps last week, SNB president Thomas Jordan described the currency as “significantly...

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Swiss government to take aim at high Swiss prices

Switzerland’s Federal Council wants to introduce new measures to lower prices in Switzerland to curb cross-border shopping, something that it says hurts Swiss businesses. Minister for Economic Affairs, Johann Schneider-Ammann, said in an interview with the newspaper Schweiz am Wochenende that he’s working on a package of measures to tackle high retail prices in Switzerland.

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Swiss franc more overvalued than 6 months ago according to Economist burger index

The Economist magazine’s 6-monthly Big Mac index shows the Swiss franc to be even more overvalued than it was in January 2017. The index, which compares the US$ price of a Big Mac around the world places Switzerland at the top with a price of US$ 6.74. This is 27.2% more expensive than the United States where the same burger costs US$ 5.30.

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Over two thirds of Swiss would like to change jobs

A survey shows that 71% of those working in German-speaking Switzerland would change jobs if they could. Dream jobs vary significantly by gender. The survey, conducted by Marketagent.com on behalf of XING Switzerland, questioned around 1,000 employees in German-speaking Switzerland between the ages of 18 and 65.

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Switzerland most expensive in Europe, but not for everything says new study

Few who have visited or lived in Switzerland will be particularly surprised to hear that Switzerland is the most expensive place in Europe. However the price differences are quite eye opening. The recently published Eurostat price level study ranks Switzerland as the most expensive overall, well ahead of second and third placed Iceland and Norway.

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For the first time many Swiss commercial apprenticeship positions to be left vacant

Normally commercial apprenticeship positions in Switzerland are snapped up nearly one year in advance. However this year many will be left vacant according to Zurich newspaper NZZ am Sonntag.

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