Category Archive: 3) Swiss Markets and News

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Samih Sawiris, VR-Präsident Orascom

2019-01-11

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Orascom will von VR-Präsident Samih Sawiris wieder die Mehrheit am Projekt in Andermatt übernehmen. Im cash-Interview erklärt Sawiris die Hintergründe dieses Deals und äussert sich zum Aktienkurs von Orascom.

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Question of the week: do we still need a standard retirement age?

2019-01-11

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2019-01-11

Reaching the official retirement age1 is an important milestone for many people. Some look forward to it while others dread it. Some dreading it would prefer to continue working either because they enjoy their work or would like the extra income. Some feel they are being systematically and unfairly labelled too old to work.

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The Art of Hanging Art with Ruarc Peffers

2019-01-11

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Senior Art Specialist and Aspire Art Director Ruarc Peffers talks to Investec Private Banking about the best way to hang art in your home or office in a step-by-step video guide. Follow AspireArt @AspireArtSA, Investec Cape Town Art Fair @ICTArtFair, and @investec on Twitter and Instagram.

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Central bank faces loss of CHF15 billion

2019-01-10

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2019-01-10

The Swiss National Bank (SNB) says it expects to report a loss of about CHF15 billion ($15.3 billion) for 2018, mainly because of a weak performance of foreign currency positions. In a report on provisional annual calculations, the SNB said on Wednesday that the federal and cantonal authorities would nonetheless still benefit a CHF2 billion payment – two-thirds of which will go to the 26 cantons.

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Mars products boycotted by Swiss supermarket chain

2019-01-09

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2019-01-09

Swiss supermarket chain Coop is refusing to stock products from food producing giant Mars in a dispute over prices. The retailer is part of a European buying consortium whose other members will also boycott Mars, Twix and Bounty confectioneries. The dispute is over how much retailers must pay for the good they stock on their shelves.

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Swiss unemployment hit ten-year low in 2018

2019-01-08

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2019-01-08

The unemployment rate in Switzerland averaged 2.6% in 2018, a ten-year low, after strong economic growth in the first six months of the year, according to the State Secretariat for Economic Affairs (SECO). The department said just over 118,000 people were registered with regional job centres during 2018 - 17.5% fewer than the previous year.

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What does perfect bread taste like?

2019-01-07

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What goes into a really good loaf of bread? A researcher is investigating the secret of bread’s taste and explains what bakers can still improve on. What goes into a really good loaf of bread? A researcher is investigating the secret of bread’s taste and explains what bakers can still improve on. (SRF/swissinfo.ch) — swissinfo.ch …

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VAT now applied to most foreign online shopping from 1 January 2019

2019-01-06

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2019-01-06

In 2016, Switzerland’s government decided to tighten the VAT exemption on imported purchases, a move that affects most online orders from foreign retailers. The new rules took effect on 1 January 2019 – they were originally planned for 1 January 2018 but systems and processes were not ready.

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EU needs more flexible negotiation tactics: UBS chairman

2019-01-05

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2019-01-05

The European Union should stop dictating terms to Switzerland and start negotiating an acceptable compromise if it wants to find agreement on future ties, says UBS chairman Axel Weber. In an interview with the Tages-Anzeiger newspaper, Weber said the current EU demands are unlikely to be approved by the Swiss people should they be put to a referendum.

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One in two Swiss is happy with personal finances

2019-01-04

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2019-01-04

One Swiss in two is satisfied with the state of their financial situation, according to a study. Just under a third (28%) expect their finances to improve in 2019. The French-speaking population is feeling much more positive than last year.

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Visitors flock to Swiss ski resorts over Christmas and New Year

2019-01-03

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2019-01-03

Ski resorts have reported a busy period over Christmas and the New Year with numerous visitors enjoying the sunny weather and good snow conditions. The chic resort of Verbier in canton Valais registered over 20,000 skiers a day over the Christmas period, Laurent Vaucher, director of the Téléverbier lift company, told Keystone SDA on Wednesday.

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Calls for CO2 regulations for trucks too

2019-01-03

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The trucks emit almost the same amount of CO2 as they did 25 years ago. The Alpine Initiative is therefore calling for tighter CO2 legislation. According to government figures, today’s heavy goods vehicles (HGV) – the trucks used for the transportation of goods – emit almost the same amount of CO2 as they did 25 …

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European Perch Crowned Fish of the Year

2019-01-02

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2019-01-02

The European perch, or Perca fluviatilis, has been named the Fish of the Year for 2019. The Swiss Fishing Association said on Wednesday external linkthat it had chosen the perch to remind the public of its popularity, particularly as a culinary delicacy in Switzerland.

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Nestlé beats Royal Dutch Shell to become top in Europe

2019-01-01

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2019-01-01

The Swiss-based food and drink multinational Nestlé is the most valuable European company, according to a new international survey. Nestlé edges out Royal Dutch Shell to move into 15th position worldwide – up three places with a stock market value of $252 billion (CHF250 billion), the annual report by the services company Ernst&Young found.

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Police Warn of fake Swiss Franc Notes

2018-12-31

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2018-12-31

Swiss Francs
Since the beginning of December 2018 more and more counterfeit 100 Swiss franc notes have been appearing in the Swiss canton of Valais in and around Sion and Conthey. The fake notes, which the local Police say can be spotted if compared to real ones, have been making their way into circulation via shopping centres, kiosks and service stations in the Sion and Conthey region.

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Poll finds majority for greenhouse tax on plane tickets

2018-12-31

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2018-12-31

An overwhelming majority of people in Switzerland appear to be in favour of introducing a tax on plane tickets to help reduce greenhouse gas emissions. An online poll, published by the SonntagsZeitung newspaper, showed that 70% of respondents said they were prepared to pay between CHF12 to CHF50 ($12.2-$50.8) towards a CO2 tax depending on the duration of a flight.

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From Andermatt to Sedrun – one huge skiing area

2018-12-31

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Two skiing areas have just inaugurated a newly built connection, joining Andermatt in Canton Uri to Sedrun in Canton Graubünden. Pro-environment … Two skiing areas have just inaugurated a newly built connection, joining Andermatt in Canton Uri to Sedrun in Canton Graubünden. Pro-environment groups will be keeping an eye on the 130-million-franc project. (SRF/swissinfo.ch) — …

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Swiss Lead Ranking of Globalised Countries

2018-12-30

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2018-12-30

Switzerland was the most globalised country in the world, according to a 2016 survey by the KOF Swiss Economic Institute. It moved up one place to the top compared with the previous year. The Netherlands, Belgium. Sweden and Britain followed in the next places. The United States are in 23rd place and the Comoros, Afghanistan and Guinea-Bissau are bottom of the 195-country rankingexternal link, which was published on Thursday.

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Agism most frequent form of discrimination in Switzerland, according to survey

2018-12-30

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2018-12-30

Elderly-man
Growing old is something that happens to nearly all of us. However, according to a recent study close to one in three people (28%) reported age-related discrimination in Switzerland in 2017. The rate of age discrimination (28%) is higher than sexism (22%) and racism (12%), according to Christian Maggiori, a professor focused on social work interviewed by the newspaper La Liberté.

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Swiss Export Industry backs EU Framework Deal

2018-12-29

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2018-12-29

Hans Hess
Switzerland’s largest industrial employer, the Association of Mechanical and Electrical Engineering Industries, has come out in favour of a controversial accord, covering relations with the European Union. Hans Hess, president of Swissmem, said the draft agreement was tailor-made for Switzerland.

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