Category Archive: 3) Swiss Markets and News

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Swiss gender pay gap compared to rest of Europe

2018-11-30

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2018-11-30

A recently published study ranks Switzerland 10th on gender pay gap. Switzerland’s gap of 17% is bigger than Italy’s (5.3%), Luxembourg’s (5.5%), Belgium’s (6.1%), Sweden’s (13.3%), Spain’s (14.2%), Denmark’s (15%), France’s (15.2%) or the Netherlands’ (15.6%), but lower than Finland’s (17.4%), Portugal’s (17.5%), Austria’s (20.1%), the UK’s (21%) or Germany’s (21.5%).

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O Christmas tree

2018-11-29

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More and more Swiss are choosing to rent a Christmas tree instead of buying a cut tree they’ll later have to throw away. But before being potted and sold, the trees need to put out strong roots. This year’s dry summer means many baby trees, didn’t make it. — swissinfo.ch is the international branch of … Continue reading »

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Wage Losses for Heads of Major Swiss Firms

2018-11-29

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2018-11-29

On average, heads of large Swiss corporations have suffered a marked drop in salary. In 2017, the median wage of the heads of 20 leading companies dropped by nearly 30%. According to the executive compensation report published by consulting firm PwCexternal link on Tuesday, the median salary of the heads of 20 firms in the leading SMI index fell from CHF7.7 million ($7.7 million) to CHF5.5 million.

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Swiss electronics to take Mars’ pulse

2018-11-28

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The spacecraft that landed on the Red Planet is carrying a seismometer controlled by electronics devised at the Swiss Federal Institute of Technology ETH Zurich. — 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 …

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Zurich’s toughest bus driver

2018-11-28

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Being a bus driver at Zurich’s public transport company can be an adventure, and Zorica has seen it all. Find out how she ended up behind the wheel and what she likes about it. Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch the … Continue reading »

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Hot weather and microbreweries boost Swiss beer sales

2018-11-28

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2018-11-28

The Swiss beer market recovered last year thanks to the hot weather, as well as the continued boom in microbreweries and thirst for local craft beers. The Swiss beer market grew by 1.8% to 469 million litres (124 million gallons) between October 1, 2017 and September 30, 2018. This follows a steady downward trend in beer drinking in recent years.

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Swiss Among top Coffee Consumers

2018-11-27

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2018-11-27

The Swiss love their coffee and knock back more than three cups per day. They came in third, behind Germans and Norwegians, in an international ranking of coffee consumers. The Swiss drank no less than 1100 cups of coffee per person per day, according to a ranking published on Monday by CafetierSuisseexternal link, a catering industry employer’s association.

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Michael Mueller, CEO Valora

2018-11-26

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Der Valora-CEO Michael Mueller spricht im Interview mit cash über weitere Übernahmen, die Konkurrenz durch Amazon und den Kiosk der Zukunft. Und der schlechte Lauf der Valora-Aktie? Das beunruhigt ihn nicht.

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The family heirlooms becoming worthless

2018-11-26

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In Switzerland, whether it’s for stamps or walnut cabinets, demand for thrift shops seems to be decreasing. Only extremely rare pieces still get … Everything is only worth as much as someone is willing to pay for it. This also applies to antiques at auctions or in thrift shops. At these places, sellers of old … Continue...

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Bern corporate tax cuts flop at ballot box

2018-11-26

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2018-11-26

Voters in canton Bern have rejected a proposal to lower corporate taxes, dealing a surprise blow to the government and parliament trying to give the canton a competitive edge. Nearly 54% of voters on Sunday came out against a planned lowering of tax rates for companies headquartered in the canton meeting certain criteria.

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Swiss Post Office appoints CEO to steer clear of controversy

2018-11-25

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2018-11-25

The Swiss Post Office has appointed a new chief executive to lead the state-owned company out of a troubled few months following a subsidies scandal that came to light earlier this year. Roberto Cirillo will take over at the helm next April, replacing interim boss Ulrich Hurni, the Swiss Post announced on Thursday. Hurni has been minding the fort since Susanne Ruoff was forced to quit as CEO in June.

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Switzerland’s electronic motorway vignette to be optional

2018-11-24

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2018-11-24

Swiss-vignette
This week, Switzerland’s Federal Council decided the planned electronic motorway vignette will be optional. Drivers will be able to choose. Anyone wanting to drive on Switzerland’s motorway network must first buy a vignette, a road tax sticker introduced in 1985, which must be displayed on the windscreen. It currently costs CHF 40.

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Swiss Unemployment Benefits Cut for a one-day filing delay

2018-11-24

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2018-11-24

Swiss-unemployment-benefits
Switzerland’s unemployment benefits might be generous but they are strictly policed, as one recipient recently discovered. For a period of up to approximately two years after losing a job, most workers in Switzerland receive 70% of their former salary up to a maximum of CHF 88,200 a year – the amount paid varies depending on circumstances1.

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Börsen-Talk vom 23. November 2018

2018-11-23

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Cash-Guru Alfred Herbert ist keineswegs zuversichtlich, dass die Aktienmärkte mittelfristig wieder steigen werden. Im cash-Börsen-Talk sagt er, welche Aktie er dennoch zugekauft hat.

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Börsen-Talk vom 23. November 2018

2018-11-23

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cash-Guru Alfred Herbert ist keineswegs zuversichtlich, dass die Aktienmärkte mittelfristig wieder steigen werden. Im cash-Börsen-Talk sagt er, welche Aktie er dennoch zugekauft hat.

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Two-thirds of Swiss see artificial intelligence as job threat

2018-11-23

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2018-11-23

Only 34% of Swiss people believe their jobs are not at risk from automation and machine learning, according to a survey commissioned by the Swiss Broadcasting Corporation (SBC). Almost half of the 2,092 people surveyed by the Link Institute for SBC felt that some of their daily tasks could be done by machines and algorithms, while 15% were convinced that robots could do much of their work.

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Switzerland: home to one of Europe’s oldest monasteries

2018-11-22

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In the east of Switzerland, in Val Müstair, is one of the oldest churches in Europe. Here, in the Middle Ages, Charlemagne was venerated as a saint. — 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. …

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Hackers wanted

2018-11-22

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The federal government hopes to allow Swiss citizens to vote online in the 2019 federal elections. A new platform has been developed but before launching it, any weaknesses need to be found out: that’s why a hacker position has just been opened. Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider … Continue reading...

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Skills Shortage on the Rise in Key Professions

2018-11-22

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2018-11-22

Switzerland’s talent shortage is more pronounced in 2018, a new survey has found. Technical, financial, and medical professions are most affected, while job seekers in the hospitality, retail, and administrative sectors face the greatest competition.

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Taxes and insurance eat up almost 30percent of Swiss household income

2018-11-21

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2018-11-21

Swiss households spend an average of 29% on mandatory payments like taxes, social contributions and health insurance. Figures released by the Swiss Statistical Office on Monday reveal that, based on 2016 data, a Swiss household had an average income of CHF7,124 ($7,140), of which CHF2,910 was eaten up by unavoidable expenses.

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