Category Archive: 3) Swiss Markets and News

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Leading economist mildly upbeat about Swiss growth prospects

2022-11-13

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2022-11-13

Economic researcher Jan-Egbert Sturm expects the Swiss economy to stagnate in the next few months. The director of the Swiss Economic Institute (KOF) at Federal Institute ETH Zurich, said Switzerland had been been quite resilient in the current economic environment.

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Vote on pension reform most divisive in Swiss history

2022-11-12

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2022-11-12

Switzerland’s recent vote on state pension reform on 25 September 2022, divided men and women, reported RTS.

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Swiss construction workers protest over hours and pay

2022-11-12

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2022-11-12

After construction workers went out on strike for two days in French-speaking Switzerland, construction workers protested in Zurich over hours and pay on 11 November 2022, reported RTS. Photo by Rodolfo Quirós on Pexels.comWith inflation in Switzerland running at 3%, construction workers are demanding higher pay. However, the construction industry has responded with an offer of better pay tied to higher maximum hours. The industry would like...

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Bank predicts home rent rises in Switzerland

2022-11-11

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2022-11-11

According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes.

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Vivid pink diamond auctioned for CHF28.4 million

2022-11-10

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2022-11-10

A pear-shaped 18-carat pink diamond billed as a rarity has sold at a Geneva auction for CHF28.4 million ($28.8 million), including fees and taxes.

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The world’s longest passenger train through the Swiss alps

2022-11-09

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Switzerland’s largest private railway operator, Rhaetian Railway (RhB), set a new world record for the longest passenger train on a spectacular narrow gauge track. The train – comprising 100 carriages for a total length of 1,910 metres - travelled for 25 kilometres on the Albula/Bernina route from Preda to Alvaneu in canton Graubünden in southeast Switzerland. It comprised 25 newly delivered train units, or 100 carriages, making a total length of...

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UBS raided in money-laundering probe of Russian

2022-11-09

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2022-11-09

Police have searched two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, according to German officials and media.

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Let’s Talk: the future of Crypto Nation Switzerland

2022-11-08

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Switzerland has built a reputation for nurturing a new industry based on cryptocurrencies and blockchain technology. Experts give their take on the pros and cons of the fledgling ‘Crypto Nation’. More than 1,000 blockchain companies, supporting 6,000 jobs, have set anchor in Switzerland, encouraged by the welcoming political and legal infrastructure. But other countries are raising their game, determined to entice the world’s best technology...

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As pension funds lose out on stock markets, how safe is retirement?

2022-11-08

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2022-11-08

Stock markets this year have been heading steadily downhill. With Swiss pension funds feeling the impact, future retirement payments are only barely guaranteed.

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Swiss inflation stable in October

2022-11-07

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2022-11-07

Switzerland’s consumer price index (CPI) remained stable in October 2022 compared with the previous month, reported Switzerland’s Federal Statistical Office (FSO) this week.

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Switzerland should do more on tax avoidance, says EU parliamentarian

2022-11-07

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2022-11-07

Switzerland has made progress in reforming tax rates for multinational companies but still has work to do when it comes to turning a blind eye to tax avoidance.

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Court increases fines against Swiss art collector

2022-11-03

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2022-11-03

A court in Zurich has rejected an appeal by the renowned Swiss art collector and financier Urs Schwarzenbach in two cases of tax evasion in connection with the import of works of art.

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Let’s Talk: polar research and our struggling planet

2022-11-01

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Some may question the value of polar research when there are other problems closer to home. But what is happening in these remote regions has a knock-on effect all over the globe. SWI swissinfo.ch invited two Swiss-based scientists to discuss their experiences – including working on the sea ice and examining the largest glacier outside the north and south poles. Julia Schmale is a professor and head of the Extreme Environments Research Laboratory...

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Credit Suisse to cut 540 jobs in Switzerland by 2023

2022-11-01

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2022-11-01

The embattled Swiss bank Credit Suisse plans to shed 540 jobs in Switzerland by the end of the year, Chief Executive Officer Ulrich Körner told the NZZ am Sonntag newspaper. In the interview he gave more details on last week’s restructuring announcement.

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No price rises for Swiss public transport in 2023

2022-11-01

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2022-11-01

For the seventh consecutive year, the price of tickets on Swiss public transport will remain unchanged. It will also become easier to buy tickets for bicycles and canine companions, reported RTS.

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Wie wird in der Schweiz am liebsten online bezahlt?

2022-10-31

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2022-10-31

Das Internet bietet heute viele Alternative, die unseren Alltag erleichtern. Im Netz können unter anderem Produkte geshoppt, Dienstleistungen gebucht und kostenpflichtige Games gespielt werden.

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The energy crisis is about to make your Swiss ski holiday more expensive

2022-10-31

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2022-10-31

Swiss hotels and holiday apartments are raising their prices by around 5% this winter, largely due to higher energy prices. Ski passes are also likely to go up by a similar amount, a newspaper reports.

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Credit Suisse turns to petrodollars to fund turnaround

2022-10-30

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2022-10-30

Swiss bank Credit Suisse has returned to the Middle East to shore up its finances amid mounting losses and a deteriorating balance sheet.

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Swiss pandemic costs lower than feared

2022-10-29

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2022-10-29

The coronavirus pandemic will have a lighter impact on Swiss state finances than previously feared but will still put the country’s budget in the red, the finance ministry forecasts.

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Credit Suisse cuts thousands of jobs to restore fortunes

2022-10-28

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2022-10-28

Swiss bank Credit Suisse is shedding thousands of jobs, selling off parts of its business and raising billions in extra capital in a bid to reverse a downward spiral in fortunes.

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