Category Archive: 3) Swiss Markets and News

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The history of Swiss chocolate

Cailler is Switzerland’s oldest chocolate manufacturer. However, resting on its laurels is not an option in today’s chocolate business: innovation is a must. A look back at the past shows the milestones in the history of Swiss chocolate. It was at the beginning of the 20th century that chocolate conquered the world. (SRF/swissinfo.ch) — swissinfo.ch …

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Healthcare costs rise further in Switzerland

Statistics published today show a further rise in Swiss healthcare costs. In 2016, spending on healthcare rose by 3.8% reaching over CHF 80 billion, 12.2% of GDP. In 2015, Swiss healthcare spending was equal to 11.9% of GDP. The challenge of rising healthcare costs is not confined to Switzerland. In the UK in 2015, healthcare costs rose 3.6% to reach 9.9% of GDP.

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Swiss unemployment at lowest in 3.5 years

Swiss unemployment is at its lowest for 3.5 years, according to the Swiss State Secretariat for Economic Affairs (SECO). The last time Swiss unemployment reached March 2018’s level was in October 2014. After reaching a peak of 3.7% in January 2017, the rate had fallen to 2.9% by March 2018. Unemployment has some seasonality however the rate for last March (2.9%) is low even when compared to March 2016 (3.5%) and March 2017 (3.4%).

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Europe’s most expensive hotels in Geneva, Paris and Zurich

Across the road from Lake Geneva, sits Geneva’s and the world’s most expensive hotel suite. The Hotel President Wilson’s Royal Penthouse Suite is reported to cost $83,500 per night – the price is not listed on the hotel’s website but costs this much according to CNN. For most of those planning to visit Geneva, this price is, thankfully, an outlier.

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Sika stand-off with family heirs continues unabated

During another stormy annual general meeting, the majority stakeholders of Swiss chemical manufacturer Sika were once again controversially denied the chance to vote in a new chairman who would support their plans to sell the company to a French rival. At Tuesday’s AGM, the family heirs of Sika’s founder faced a familiar pattern of having their votes restricted when it came to electing board members.

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Young Swiss care less and less about politics

Is it a lost cause or is there a way to get younger people involved in politics? 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 …

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Flying high at the Swiss Museum of Transport

If you fancy trying your hand at air traffic controlling, head for the Swiss Museum of Transport in Lucerne. A new interactive exhibition entitled “Switzerland in the air!” takes a look at air and space travel. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on …

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Insurance boss suggests Swiss health insurance deductibles of 10,000 francs

Philomena Colatrella, the CEO of Swiss insurer CSS Insurance, has stirred the lively debate around Switzerland’s rising cost of health insurance by proposing deductibles of CHF 5,000 and CHF 10,000 – deductibles set the amount people pay out of their own pockets before their insurance kicks in.

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Switzerland still very much sees colour

Racism is part of everyday life in Switzerland: in 2017, more discriminations were registered than ever before. 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 …

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Geneva hotels are the most expensive in Europe

Staying in a hotel in Geneva costs more than anywhere else in Europe, according to an international survey. The €242.90 (CHF288 or $300) average charge per night puts Geneva ahead of Paris (€232.30), while Zurich is listed as the third most expensive destination at €203.90. The Hotel President Wilson in Geneva reportedly boasts the most expensive overnight tariff in the world, charging around CHF80,000 ($83,300) to stay in its royal penthouse...

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China & Emerging Markets in 2018 | UBS Asset Management

Geoffrey Wong, Head of Emerging Markets and Asia-Pacific Equities, talks about Emerging Markets and China in particular. Find out more: https://www.ubs.com/microsites/china-insights/en/insights.html

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Swiss welfare recipient made to repay 173,000 francs

In some parts of Switzerland welfare payments are effectively loans that must be repaid when the recipient’s financial situation improves. According to the Aargauer Zeitung, a welfare recipient in the commune of Klingnau in the canton of Aargau received a bill of 173,000 francs after he came into some money. A windfall of 173,000 francs is rare, according to Rolf Walker, head of administration at the commune.

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Wood is the future

Wooden skyscrapers: a Swiss trend that’s not going anywhere. 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 report on …

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“Swissleaks” author arrested in Spain at Switzerland’s request

According to Tribune de Genève, Hervé Falciani was arrested in Madrid last week at Switzerland’s request. In 2008, Falciani a French-Italian who grew up in Monaco, took confidential information from the Geneva offices of HSBC, his employer, and fled to Lebanon where some claim he attempted to sell it. Later he shared the information with authorities in France and sought refuge there in 2009.

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SR Technics to cut jobs at Zurich airport

Aviation support company SR Technics has announced plans to cut a net 200 jobs at Switzerland’s main airport as part of a business review. The company, which is part of China’s HNA group, announced that it could reduce its workforce in aircraft services by as many as 300 positions while adding more than 100 jobs in engine services.

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Nine out of ten Swiss want to buy less, survey finds

A World Wildlife Fund (WWF) survey published on Monday has found that the majority of people in Switzerland are considering shopping less, and young people are particularly likely to take a critical look at their buying behaviour. The Swiss consume “as if there is no tomorrow”: they fly twice as frequently as their neighbours, buy the heaviest cars in Europe, and produce more waste per capita than in any other nation on earth, the WWF said in a...

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Börsen-Talk vom 13. April 2018

Gemäss Sonja Laud, Leiterin Aktien bei Fidelity, sollten Anleger wegen eines möglichen Wirtschaftsabschwungs defensive Aktien suchen, wie sie im Börsen-Talk sagt. Sie äussert auch ihre Haltung zu Facebook-Aktien.

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Cross-border workers in Geneva face ‘toxic’ environment

Cross-border workers are tired of being the target of political attacks in Geneva, says the president of a French-Swiss cross-border lobby group, who calls for a change in current rhetoric to prevent future damage to the Swiss economy. For Michel Charrat, president of the Groupement transfrontalier européenexternal link, disenchantment between Geneva and its cross-border workers may be at its lowest point.

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Cows continue to suffer for ‘beauty ideal’

Cow shows are public festivals in Switzerland. Everyone wants to lead the most beautiful cow into the ring, doing her hair, rubbing her with lotion, using sprays to make her glisten. But this year people are nervous at Expo Bulle, the Swiss National Holstein and Red Holstein Show. — swissinfo.ch is the international branch of …

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The little boat that cleans the ocean

A Swiss skipper’s solution to clean the oceans. 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 report on Switzerland …

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