Category Archive: 3) Swiss Markets and News

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Swiss bank settles US tax evasion probe

The Zurich-based Neue Privat Bank (NPB) has paid $5 million (CHF5 million) fine to settle a criminal tax evasion investigation in the United States. NPB is one of a handful of so-called ‘category 1’ Swiss or Swiss-based bank branches that were still facing sanctions at the start of this year.

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Maddie Hinch on the preparation it takes to win.

The hero of team GB’s Olympic penalty shoot-out knows how important preparation is to succeeding at the highest level. Maddie Hinch shares her insights, and what drives her to be the best. #TogetherAsOne https://invest.ec/2uMfIUQ

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Alex Danson: Inspiring the future

England captain Alex Danson is determined to drive success for the next generation #TogetherAsOne https://invest.ec/2zSw5ov

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Anna Toman: forging relationships in GB’s squad of champions.

Joining a squad of Olympic champions is inspiring for a new team member. Anna Toman talks about the importance of those relationships with her teammates, and how they prepare to win. #TogetherAsOne https://invest.ec/2L9kyX8

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Swiss claim success in international cybercrime case

Two people suspected of illegally obtaining and using the e-banking data of Swiss bank customers have been arrested in the Netherlands. The Swiss Office of the Attorney General says the suspects were arrested near the city of Rotterdam and premises were searched in the coordinated operation between Dutch and Swiss police and justice authorities.

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Uber plans softer Swiss expansion drive

The ride sharing service Uber plans to expand further in Switzerland, but not as aggressively as in the past, Swiss head Steve Salom says in a newspaper interview. Uber is present in Zurich, Basel, Geneva and Lausanne with 300,000 regular customers and some 2,600 drivers in Switzerland, Salom told SonntagsBlick.

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The large tax differences between Swiss cantons

In Switzerland, tax is largely determined by the canton of residence. The range of tax rates is wide. In 2017, a single person earning CHF 100,000 paid only CHF 7,592 in the canton of Zug but CHF 19,233 in the canton of Neuchâtel, more than 2.5 times as much. Someone married with children earning the same amount paid CHF 920 in Zug and CHF 9,249 in Neuchâtel, more than 10 times as much.

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EU migration into Switzerland down significantly in 2017

Net migration into Switzerland from the EU was down by 11% last year, according to the State Secretariat for Economic Affairs (SECO). In 2017, a net 31,250 people from the EU and EFTA moved to Switzerland. And, with a 4% decline in the number arriving over the five months to May 2018, the fall looks set to continue.

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WIPO crowns Switzerland as world’s most innovative nation

Switzerland retained its crown as the world’s most innovative country for the eighth year in a row, according to the World Intellectual Property Organization (WIPO) – the global intellectual property agency.

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Börsen-Talk vom 13. Juli 2018

Der weltweite Handelskonflikt könnte Währungsturbulenzen auslösen. UBS-Chefökonom Daniel Kalt analysiert im cash-Talk die Krisenstimmung und schätzt die Folgen für die Schweiz und den Franken ein.

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Are we missing opportunities for biodiversity?

Have you seen a “green rooftop” where you live? There’s plenty of potential in plain sight! Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch the videos wherever you are, whenever you like. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation …

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The case of the missing meadow

Rich ecosystems that exist in dry meadows are disappearing. What’s happening? Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch the videos wherever you are, whenever you like. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to …

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Work pension challenge targets age-related unfair dismissals

A lobby group representing the interests of older workers has launched a people’s initiative to reform the occupational pension system to reduce the incentive for employers to sack people once they pass the age of 50.

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Switzerland files WTO complaint over American steel tariffs

The Swiss State Secretariat for Economic Affairs (SECO) has initiated a dispute settlement procedure with the World Trade Organisation (WTO) against US steel and aluminium import tariffs. In a statement published on Tuesday, SECO announced that a complaint to this effect had been filed with the WTO because Switzerland was one of the countries affected by the additional import tariffs on certain steel and aluminium products into the US.

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Germany alleged to have spied on Swiss firms in Austria

A dozen branches of Swiss firms in Austria were targeted by German spies between 1999 and 2006, according to the SonntagsBlick newspaper which has seen documents belonging to Germany’s federal intelligence service BND. Part of the data was allegedly handed to the United States. The Sunday newspaper said the Swiss firms targeted by German spies in Austria included the pharmaceutical company Sandoz, which belongs to the Novartis Group, the logistics...

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TV Recording could be under threat in Switzerland

With TV recording there’s no need to miss programmes just because they’re on at the wrong time. And, when it’s time to watch them, it’s easy to fast forward through the adverts, something that can’t be done when watching live. In Switzerland, television recording is offered by big distributers, such as Swisscom, Sunrise and UPC. Broadcasters don’t provide it.

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‘Hidden’ transport costs on the rise

A government study has found that the so-called ‘external costs’ of various modes of transport collectively increased by almost CHF1 billion during the period 2010-2015. For walkers and cyclists, however, benefits outweigh the costs.

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Thousands of Swiss firms are unregistered

About 13,000 companies are not listed in the commercial register – a serious problem, notes the Swiss Federal Audit Office. Increased cooperation with the tax authorities could be a solution. On Wednesday the office published an evaluation of how Switzerland has been combating corruption over the past decade – since it’s been following a recommendation of the Council of Europe Group of States against Corruption (GRECO).

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Martin Waeber, Direktor Immoscout24

Laut Martin Waeber, Direktor von Immoscout24, sind die Warnungen der Nationalbank wegen des Immobilienmarktes zwar etwas laut, aber berechtigt. Crash-Gefahr am Häusermarkt sieht er nicht, wie er im cash-Talk sagt.

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Investec International Rugby Academy

The Investec International Rugby Academy is a world-class academy developing South African rugby talent. This is accomplished through an academy which capitalises on the need for high-performance playing and coaching rugby in South Africa, which enables players to #MakeOpportunities through a curriculum recognised throughout the international rugby world. Find out more: https://invest.ec/2KR2NH2

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