Category Archive: 3) Swiss Markets and News

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Helping Swiss adults who are illiterate

2018-09-10

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Events are being held around Switzerland on Saturday to mark the 30th anniversary of the ‘Read and Write’external link association, whose courses have helped 25,000 adults. September 8 is also International Literacy Dayexternal link. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to …

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What is federalism?

2018-09-10

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In Switzerland, state power is spread over three levels: the federal government, the 26 cantons and the 2,222 municipalities. This system of federalism guarantees Swiss diversity. Political scientist Sean Müller researches this lifeline of democracy in a small but heterogeneous country. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role …

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Older people marginalized on Swiss labour market, says report

2018-09-10

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2018-09-10

Despite recent government optimism about the Swiss economy, older people who lose their jobs are struggling, reports Sunday newspaper “Le Matin Dimanche”. The paper cites figures from the Bern University of Applied Sciences that found only 13.9 per cent of unemployed people over 50 in Switzerland find a stable job again. Many end up on social assistance after their unemployment benefits run out.

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Vaud to cap health insurance premiums at 12 percent of income

2018-09-09

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2018-09-09

Starting in September 2018, health insurance premiums in excess of 12% of income in the canton of Vaud will be covered by the government. From the beginning of 2019, this percentage will be reduced to 10%, increasing the number of people who qualify and the size of the subsidies, according to the newspaper Le Matin.

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Melting glaciers have little impact on Swiss hydropower

2018-09-08

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2018-09-08

Although rapidly melting glaciers provide a temporary boost to Swiss hydropower production, their disappearance does not pose a threat, finds a study from the University of Lausanne. Forecasts predict that glacier melt will slow down between 2070 and 2090. But “fears of a threat to power generation are unfounded”, according to a press release published on Thursday by the Swiss National Science Foundation (SNSF), which funded the study.

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India’s Aurobindo buys Sandoz US assets from Novartis

2018-09-07

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2018-09-07

Swiss pharmaceutical company Novartis announced the divestment of its dermatology and generic tablet portfolios of Sandoz US to India’s Aurobindo Pharma for a $900 million (CHF870 million) cash payment. A possible performance-related payment of $100 million could be added to the purchase price, the Swiss AWP financial news agency reported.

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cash-Talk vom 7. September 2018

2018-09-07

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Trotz steigenden Misstrauens gegenüber den Sozialwerken bleiben viele Schweizer desinteressiert, wenn es um ihre eigene Vorsorge geht. Das wird sich später oft rächen, sagt Vorsorgeexperte Daniel Greber im cash-Talk.

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Zigerhörali (macaroni and cheese from Glarus)

2018-09-05

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Zigerhörali (macaroni and cheese from Glarus) — 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 events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel: http://www.youtube.com/swissinfovideos Subscribe:...

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Novartis chief hints at job cuts in Switzerland

2018-09-04

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2018-09-04

The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based company wants to streamline its production sites and administration worldwide.

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Testing the new high-speed train ‘Giruno’

2018-09-03

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The “Giruno” is the Swiss Federal Railways’ new high-speed train and the first to be built in Switzerland. The train can reach speeds of 250 km/h, although the maximum speed in Switzerland is 200 km/h, meaning it had to be tested in Germany. Swiss public television, SRF went along on a test run. (SRF/swissinfo.ch) — …

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Recovery operation

2018-09-03

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On September 2, 1998, 229 people died when Swissair flight 111 crashed into the Atlantic off Nova Scotia. Twenty years on, swissinfo.ch looks back at the worst accident in Swiss civil aviation history and the consequences both for airline safety and for Swissair. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). …

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The Swissair flight 111 crash: causes and consequences

2018-09-03

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On September 2, 1998, 229 people died when Swissair flight 111 crashed into the Atlantic off Nova Scotia. Twenty years on, swissinfo.ch looks back at the worst accident in Swiss civil aviation history and the consequences both for airline safety and for Swissair. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). …

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UBS previdenza

2018-09-03

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Si inizia a invecchiare prima di quanto si pensi: voi in quale occasione ve ne siete resi conto? Pianificate la previdenza: https://www.ubs.com/ch/it/private/pension/pension-planning.html

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UBS prévoyance

2018-09-03

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C’était quand votre moment vieillesse? Le temps nous rattrape plus vite qu’on ne le croit. Planifier sa prévoyance: https://www.ubs.com/ch/fr/private/pension/pension-planning.html

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Minister says state-guaranteed cantonal banks complicate EU talks

2018-09-03

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2018-09-03

Swiss finance minister Ueli Maurer says state-guaranteed cantonal banks are an obstacle in ongoing negotiations with the European Union. “This point still needs to be clarified before a framework agreement can be accepted,” the minister is quoted as saying in an interview published on Saturday.

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Swiss cantons forced to fish for multinationals with non-tax lures

2018-09-02

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2018-09-02

Proposed changes to Switzerland’s tax rules could have a dramatic effect on which cantons remain attractive locations for multinational companies in future. As a result, factors such as the cost of premises or concentration of high tech facilities, will play a greater role, according to UBS bank.

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SkyWork lands its last ever plane in Bern Airport

2018-09-02

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2018-09-02

The last SkyWork flight landed in Bern Airport on Wednesday night, as ongoing financial difficulties forced the company to declare itself bankrupt. Some 11,000 passengers are affected. The company, founded in 1983, cited the failure of negotiations with a potential partner to pull the company from recurring funding shortfalls that intensified in October last year.

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Ongoing roadblocks stifle growth of Swiss banks

2018-09-01

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2018-09-01

Swiss banks are withstanding the pressure of ongoing headwinds, but real progress continues to be stalled by political and economic roadblocks, the Swiss Bankers Association (SBA) said on Thursday. Releasing its annual Banking Barometer, which measures the performance of the sector in 2017, the SBA found that aggregate profits (profits minus losses) across Switzerland’s 253 banks rose by nearly a quarter to CHF9.8 billion ($10.1 billion).

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Costs of owning a home in Switzerland set to rise for some

2018-08-31

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2018-08-31

Swiss-house
Currently, home owners in Switzerland must pay tax on fictional rent, calculated based on a home’s size and location. At the same time home owners get to deduct mortgage interest and home maintenance costs from their taxable income.

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Börsen-Talk vom 31. August 2018

2018-08-31

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Für Gérard Piasko ist die Aktienrally noch nicht zu Ende. Der Anlagechef der Privatbank Maerki Baumann nennt im Börsen-Talk die Gründe dafür und seine zwei Aktienfavoriten aus der Schweiz.

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