Category Archive: 3) Swiss Markets and News

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Nestlé plans to move 580 jobs out of Switzerland

2018-06-10

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2018-06-10

Last week, Nestlé announced plans to cut its Swiss workforce by 580. The plans involve restructuring its IT department, with a focus on extending its technology hub in Spain. Over the next 18 months, this re-organization could lead to a reduction of up to 500 IT positions in Switzerland, said the company. A source close to Nestlé told Le News that around two thirds of the cuts will occur in Vevey and the remaining third in Lausanne and at the...

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Swiss Prosecutors will not Pursue Novartis over Trump Lawyer Payments

2018-06-09

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2018-06-09

The Office of the Attorney General of Switzerland (OAG) announced on Wednesday that it will not bring proceedings against Novartis in connection with the payments the Swiss pharmaceutical company made to Donald Trump’s personal lawyer.

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Parliament snubs Swiss expat calls for better banking ties

2018-06-08

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2018-06-08

The Swiss Abroad community has suffered a new setback in its efforts to receive improved access to banking services in Switzerland. The House of Representatives on Tuesday threw out a call on the government to ease the financial woes of expatriates by publishing relevant information on the websites of the foreign ministry and Switzerland’s diplomatic representations abroad for the Swiss overseas communities.

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PostFinance Еxpected to Axe 500 Jobs

2018-06-07

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2018-06-07

Post Finance external link, one of Switzerland’s leading financial institutions, expects to cut up to 500 full-time jobs by the end of 2020. The banking division of the Post Office has launched multiple measures to counter the erosion of profit margins and the resulting decline in revenues.

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Vita Parcours: an outdoors fitness success story

2018-06-07

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Fifty years after the first Vita Parcours outdoors fitness trail was opened, they’re still very popular. The idea of physical exercise in the woods quickly caught on in Switzerland, and the 100th Vita Parcours trail was already opened five years after they were introduced. (SRF, swissinfo.ch) — swissinfo.ch is the international branch of the Swiss …

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The international hype over a cheese vending machine

2018-06-07

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A cheese vending machine in Hünenberg, canton Zug, has become an internet hit. An American website published a video about the machine at the beginning of May. Since then, more than 13 million people have viewed the clip. (SRF, swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is …

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Taavi Kotka, Ex-IT-Chef von Estland

2018-06-07

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Taavi Kotka war vier Jahre IT-Chef von Estland, dem digitalisiertesten Land der Welt. Im Gespräch mit cash spricht er über die Vorteile von E-Government, den digitalen Rückstand der Schweiz und transparente Schul-Apps.

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No relief for Swiss renters

2018-06-06

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2018-06-06

Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it remained at 1.50%. The last time it dropped was 1 June 2017 when it fell to its lowest level since 2008.

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Slowdown in Middle Eastern tourists to Switzerland

2018-06-05

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2018-06-05

After almost tripling in the last decade, the number of tourists to Switzerland from the Middle East is slowing down, with the slowdown expected to be particularly marked this summer. The growth rate of tourists from the Gulf will be zero this summer, according to forecasts by Oxford Economics and the Swiss tourist board.

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Martin Hirzel, CEO Autoneum

2018-06-05

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Autoneum steht in Nordamerika weiter im Gegenwind, wie CEO Martin Hirzel sagt. Der Chef des Autozulieferers spricht im cash-Interview auch über Chancen in China und potentielle Kunden wie Tesla oder Dyson.

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‘Drag queens need high heels, lipstick and balls’

2018-06-05

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“True Talk” puts people in front of the camera who are fighting prejudice or discrimination. They answer questions that nobody would normally dare to ask directly. — 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 …

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House Prices Down in Verbier but Up in Some other Swiss resorts

2018-06-04

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2018-06-04

Verbier
A recent report published by UBS shows real estate price changes in european mountain resorts. Over the last year, Verbier (-3.2%) and Crans Montana (-3.0%) experienced the largest price declines, while Saas Fee (+14.3%) and St. Moritz (+7.4%) climbed the most.

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Pay in Zurich and Geneva highest in the world

2018-06-03

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2018-06-03

Days of pay to buy an iPhone X
A survey of the cost of living in 77 cities, by UBS, ranks Zurich (1st) and Geneva (2nd) as the most expensive. But while these cities are the most expensive, their workers are also the highest paid. In Zurich, less than five days pay affords an iPhone X. In Geneva, the same device requires less than six days of labour.

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Over 1,000 jobs threatened by OVS liquidation

2018-06-02

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2018-06-02

The Sempione Retail company, owner of the OVS fashion stores in Switzerland, has begun bankruptcy proceedings. Some 140 outlets will close their doors, with 1,150 workers affected. The Italian clothes brand announced in a statement on Wednesday evening that it had reached a financial dead-end.

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Swiss Bank to Drop Iranian Business

2018-06-01

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2018-06-01

A Swiss lender is suspending new transactions with Iran following US President Donald Trump’s withdrawal from the nuclear deal with Tehran. Banque de Commerce et de Placements (BCP)external link announced on Tuesday that it was wrapping up its activity in Iran in response to the US pulling out of the Iranian nuclear accord earlier this month.

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Nestlé to cut up to 500 jobs in Switzerland

2018-05-31

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2018-05-31

Swiss food giant Nestlé plans to cut as many as 500 computer-service jobs in Switzerland as part of a restructuring plan to increase profitability, the company announced on Tuesday. Nestlé will be outsourcing the IT jobs to Spain, according to a press releaseexternal link published on the company’s website.

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The Swiss politician who learnt to live with the effects of thalidomide

2018-05-31

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Thalidomide, initially used as a sedative and then to alleviate morning sickness, turned out to have drastic consequences for thousands of pregnant women and their children in a worldwide scandal that also involved Switzerland. (SRF, swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland …

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Crowdfunding Platforms Boom in Switzerland

2018-05-30

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2018-05-30

Swiss crowdfunding platforms dealt with CHF375 million ($377 million) in 2017, almost three times as much as the previous year. Some 160,000 people supported a crowdfunding project. Over the past eight years, more than half a billion francs have been collected via the “swarm-based form of financing”, said the Lucerne University of Applied Sciences and Arts on Monday.

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The ‘sovereign money’ initiative, explained

2018-05-30

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On June 10, the Swiss will vote on the ‘sovereign money’ initiative. We break down what the initiative is about, and what campaigners hope to achieve and why. 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 …

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The secret history of fondue

2018-05-30

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Did you know the most famous Swiss dish was the result of a marketing stunt? 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). …

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