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Category Archive: 3) Swiss Markets and News

Main Author Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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Farmers make hay in 2020 but brace themselves for grim 2021

2021-10-06

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2021-10-06

Covid, the weather and the pig market were kind to farmers in 2020, with income increasing 6.7% compared with 2019. But this year is looking much bleaker.

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Credit Suisse offices raided over Greensill funds

2021-10-05

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2021-10-05

Swiss police have raided the offices of Credit Suisse and seized documents relating to the collapse of its $10bn fund range linked to Greensill Capital.

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‘Pandora Papers’ shed more light on activities of Swiss financial advisors

2021-10-04

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2021-10-04

A new set of leaked documents, dubbed the Pandora Papers, has again exposed the role of Swiss lawyers, accountants and consultants in managing the wealth of powerful clients.

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Innovative Switzerland rolls out red carpet at Expo 2020 Dubai

2021-10-03

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2021-10-03

After eight years of planning and billions of dollars in spending, the Middle East’s first World Fair has opened in Dubai. Switzerland is participating at Expo 2020 with its own pavilion.

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Covid: non-mRNA vaccine soon available in Switzerland

2021-10-02

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2021-10-02

On 29 September 2021, Switzerland’s government announced it had signed a contract with Johnson & Johnson to receive 150,000 doses of its Covid-19 vaccine. The delivery of the doses is expected next week.

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US charges Swiss finance firm and six people with tax evasion

2021-10-01

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2021-10-01

Six people and a Swiss financial services firm have been charged in the United States with helping clients evade taxes on $60 million (CHF56 million) of assets.

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Swiss health premiums to rise for many in 2022 despite average price fall

2021-09-30

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2021-09-30

Compulsory Swiss health insurance premiums are on average set to fall by 0.2% in 2022, announced the Federal Office of Public Health (FOPH) on 28 September 2021. This is the first time since 2008 that average premiums have fallen. © Francisco Javier Zea Lara | Dreamstime.comBasic health insurance is compulsory in Switzerland and governed by federal law called LAMal. Insurers must offer basic insurance to everyone who applies regardless of...

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UBS tax evasion appeal verdict delayed in Paris

2021-09-29

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2021-09-29

Swiss bank UBS will have to wait until December 13 to see if its appeal against a French €4.5 billion (CHF4.9 billion) tax evasion penalty is successful.

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Swiss government defends its strategy ahead of second anti-Covid vote

2021-09-28

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2021-09-28

On 28 November 2021, Swiss voters will be asked whether they accept laws passed by the government on 19 March 2021 that paved the way for the introduction of Switzerland’s Covid certificate, a system that provides proof of vaccination, recovery or a negative test.

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Swiss pandemic spending low when compared internationally

2021-09-27

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2021-09-27

The think tank Avenir Suisse has calculated that in 2020 the Swiss federal government spent CHF 5 per person per day on the pandemic, a total of CHF 41 million a day.

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Nespresso capsules cannot be protected, says highest Swiss court

2021-09-26

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2021-09-26

The shape of the Nespresso coffee capsules is ordinary and unmemorable, according to Switzerland’s highest court, reported RTS.

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Solidarity vital to overcome crises, Swiss president tells UN

2021-09-24

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2021-09-24

Guy Parmelin, who holds the rotating Swiss presidency this year, has called for solidarity to tackle global environmental and trade issues.

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Parliament rejects blanket ban on tobacco ads

2021-09-23

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2021-09-23

The Swiss parliament has agreed new advertising and sponsorship regulations for tobacco products. However, the supporters of a total ban on tobacco advertising are unimpressed.

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Health expert recommends Covid certificates for Swiss ski lifts

2021-09-18

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2021-09-18

Lukas Engelberger, head of the association of cantonal health directors, has recommended making Covid certificates compulsory for riding on Swiss ski lifts, reported Le Nouvelliste.

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Number of vacant homes in Switzerland drops for first time in 12 years

2021-09-18

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2021-09-18

Finding a place to live in Switzerland is difficult. Home availability is low and prices are high. On 13 September 2021, the Federal Statistical Office published data showing a sharp drop in the number of vacant homes since 2020, a development that will make home hunting harder.

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Swiss won’t vote on arms export ban proposal

2021-09-17

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2021-09-17

Campaigners seeking a ban on Swiss arms exports have withdrawn their initiative that aimed to stop weapons exports to countries in conflict.

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Commodity giants race to clean up mineral supply chains amid green energy boom

2021-09-16

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2021-09-16

Electric car manufacturers and other green energy companies are trying to get a grip on their mineral supply chains. In doing so, they are bringing commodity traders out from the shadows.

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Corruption trackers flag increased global money laundering risks

2021-09-14

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2021-09-14

The global community is slipping in its efforts to tackle money laundering and terrorist finance, a Swiss corruption watchdog warned on Monday.

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Property sole inflationary concern for Swiss central bank

2021-09-13

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2021-09-13

The risk of a housing bubble has increased in the last three months, but the Swiss National Bank (SNB) is unconcerned about a general inflationary threat.

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‘Serious failings’ at online vaccination registry, says federal commissioner

2021-09-12

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2021-09-12

A federal investigator has found “serious” technical failures at voluntary vaccination registry mesvaccins.ch, which was closed in May following data security concerns.

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