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Category Archive: 3) Swiss Markets and News

Main Author Investec
Investec
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.
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Swiss teachers stretched thin with unpaid overtime work

2019-05-09

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2019-05-09

Swiss teachers are still working too much unpaid overtime, particularly in German-speaking Switzerland, according to a new survey by two major teachers’ associations. "Swiss teachers have the highest number of working hours of all OECD countries and work unpaid overtime for hundreds of millions of francs," denounced Beat Zemp, president of the Swiss Teachers’ Association (LCH).

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Gun law and corporate tax reforms set to be approved

2019-05-08

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2019-05-08

Opponents of restrictions on gun ownership in Switzerland have not been able to win substantial additional support over the past months, according to an opinion poll ahead of a nationwide vote on May 19. The No camp lags more than 30 percentage points behind the supporters, a survey published by the Swiss Broadcasting Corporation on Wednesday as found.

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Basel industrial area to become a “smart city”

2019-05-06

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Basel industrial area will soon become a test laboratory for the networked city of the future and the smartest site in Switzerland. The Wolf goods railway station in Basel will soon become a laboratory for a “city of the future” – billed by its backers as the smartest site in Switzerland. The Swiss Federal Railways …

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Far away from home

2019-05-06

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Damian Felchlin has lived in the US for almost seven years. He’s one of the Swiss abroad portrayed in a new exhibition. (SRF/swissinfo.ch) Around 750,000 Swiss expats have sought their fortune far away from Switzerland. The Forum of Swiss History in Schwyz is now devoting an exhibition to them and shows what they miss from … Continue reading...

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Seizures of illegally imported medicines triple in Switzerland

2019-05-06

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2019-05-06

The Federal Customs Administration seized 3,203 shipments of illegally imported medicines in 2018 – triple the amount of the previous year. Erectile stimulants remain at the top of the list of illegally imported substances, the Swiss Agency for Therapeutic Products (Swissmedic) said on Thursday.

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Geneva blocks the erection of 5G mobile antennas

2019-05-05

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2019-05-05

Last week, Antonio Hodgers, the head of Geneva’s executive, announced a ban on the erection of further 5G mobile antennas in the canton, according to an interview on RTS. Motivated by uncertainty on the potential health effects of the new technology, the temporary freeze is the most the cantonal government can do to stop the rollout of the technology.

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UBS Tells Managers They Can Hire 1 Employee For Every 5 Who Leave

2019-05-04

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2019-05-04

Like the other lagging European investment banks (Deutsche and SocGen immediately spring to mind), UBS is resorting to the last resort of the embattled megabank CEO when shareholders are demanding higher profits 'or else'. After a decade where UBS cut thousands of jobs in its investment bank unit, Sergio Ermotti is turning to one of the few business lines where fat can feasibly be cut: UBS's once legendary asset-management business.

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IT managers sentenced in ministry corruption case

2019-05-03

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2019-05-03

Four suspects have been sentenced in a major corruption case involving a unit of the Swiss economics ministry. But the main defendant is still awaiting a formal indictment. The Office of the Attorney General (OAG) announced on Wednesday that a trustee was given a suspended six-month prison sentence and three external IT managers were ordered to pay fines for offering material contributions and gifts of up to CHF100,000 ($100,000) to a senior...

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Lawyer says that Volkswagen case stalling in Switzerland 

2019-05-02

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2019-05-02

The lawyer representing about 500 people in Switzerland who have filed a complaint against German carmaker Volkswagen and importer AMAG says the Swiss attorney general is dragging his feet in the so-called ‘Dieselgate’ case. Geneva lawyer Jacques Roulet formally wrote a letter to the Swiss justice minister, Karin Keller-Sutter, complaining about the alleged delays “in a case of national importance,” according to news agency Keystone-SDA.

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Ueli Maurer in China

2019-05-01

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On Monday, Swiss President Ueli Maurer was received by his Chinese counterpart Xi Jinping at the end of a week-long visit to China. Discussions between the pair focused on strengthening relations, notably on economic and finance affairs, according to a Swiss government statement. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation …

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Manga comics break sexual taboos for young Swiss

2019-05-01

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Japanese mangas depicting love stories between men – written, drawn, and read by girls – have been popular in Japan for more than twenty years. Now ‘yaoi’, which has become its own literary genre, is also attracting fans among Swiss teenage girls and igniting dialogue about sexuality in the process. — swissinfo.ch is the international …

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Swiss president strengthens economic ties with China

2019-05-01

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2019-05-01

Swiss President Ueli Maurer has been received by the Chinese president, Xi Jinping, for a state visit at the end of a week-long visit to China. The talks on Monday focused on strengthening relations, notably on economic and finance matters, according to a government statement.

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More asylum seekers find work in Switzerland

2019-04-30

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2019-04-30

Over one-third of all asylum seekers and refugees in Switzerland are currently employed, according to State Secretariat for Migration (SEM) figures. But most of the jobs are precarious and the vast majority continue to receive state benefits. In one year, the employment rate for asylum seekers in Switzerland rose from 27% in March 2018 to 32% today, according to a report by the Ostschweiz and Zentralschweiz am Sonntag newspapers that cite recent...

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The experimental shop of the future

2019-04-29

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Are unstaffed shops the future of shopping? (SRF/swissinfo.ch) At Zurich main railway station a trial is being carried out with an unstaffed shop that can only be accessed using a mobile app and a QR code. Is this the future of shopping? (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). …

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Switzerland slides one place in 2019 press freedom ranking

2019-04-29

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2019-04-29

In 2019, Switzerland lost one place slipping from 5th to 6th place out of 180, according to the latest world ranking of press freedom by the organisation Reporters Without Borders. The change was largely driven by the stronger performance of Denmark, which moved up into 5th place.

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Swiss vote could cause chaos at Zurich and Geneva airports

2019-04-28

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2019-04-28

A referendum on revising gun laws scheduled for 19 May 2019 could cause major disruption at airports in Zurich and Geneva if it succeeds, according to various newspapers.If the vote passes it might eventually lead to the exclusion of Switzerland from the Schengen area.

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The 3 things driving Geneva’s residents to shop in France

2019-04-27

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2019-04-27

A recent study by Geneva’s department of economic development (DDE) looks at the shopping habits of its residents and the residents of neighbouring Vaud and neighbouring France – an area including Nyon and parts of the French Ain and Haute Savoie regions.

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Oldest Swiss school in South America gets ministerial visit

2019-04-26

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2019-04-26

Foreign Affairs Minister Ignazio Cassis, currently visiting Chile, has hailed education ties as he visited the country’s Swiss school abroad, the Colegio Suizo. The school, the oldest Swiss school abroad in South America and the only official Swiss school abroad in Chile, is celebrating its 80th anniversary this year.

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Switzerland’s workforce participation – Swiss versus foreigners

2019-04-25

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2019-04-25

In 2018, 68.5% of the nation’s residents aged 15 or older was working, 1.5% more than in 2010. This rise was largely driven by an increase in the percentage of women in the workforce. In 2010, 60.0% were working. By 2018, 62.9% were, a rise of 2.9%. On the other hand, the overall percentage of men working declined slightly (-0.1%) to reach 74.2% by 2018.

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How good is organic food for nature?

2019-04-24

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Organic food is booming and it’s good for the environment and biodiversity. However, organic farming requires more space to produce the same quantities as conventional food production. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international …

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