Category Archive: 3) Swiss Markets and News

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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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Swiss DLT stock exchange wins long-awaited license to operate

2021-09-11

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2021-09-11

A new Swiss stock exchange has been awarded a license to trade digital assets using distributed ledger technology (DLT).

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Using Swiss technology to store CO2 in Iceland

2021-09-10

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2021-09-10

The Swiss company Climeworks has just opened in Iceland the world’s largest plant for the capture and permanent storage of carbon dioxide from the air. This technology is deemed essential for combating global warming, yet it raises some questions.

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Swiss government extends use of Covid certificates from Monday

2021-09-09

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2021-09-09

On 8 September 2012, the Swiss government decided to extends the use of Covid certificates. From Monday 13 September 2021, a certificate will be required to enter bars, restaurants, museums, cinemas, theatres and pools, a system already operating in numerous countries, such as Italy.

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Unions demand financial reward for efforts during Covid crisis

2021-09-08

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2021-09-08

The Trade Union Federation has called for a blanket salary rise for all employees as the Swiss economy recovers from the Covid-19 crisis.

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Sharp jump in Swiss Covid-19 intensive care patients

2021-08-20

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2021-08-20

The latest figures on Covid-19 patients in intensive care in Swiss hospitals show a steep rise in numbers.

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Big Swiss companies obliged to report on climate risks from 2024

2021-08-19

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2021-08-19

From 2024, large Swiss firms will be legally bound to report on their climate-related risks. The government has now published guidelines on which companies and which risks will be involved.

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Can China help African cocoa producers outmanoeuvre Big Chocolate?

2021-08-17

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2021-08-17

In a bid to grab a bigger slice of the chocolate pie, cocoa-producing countries Ivory Coast and Ghana are turning to China for funding and a new marketplace. The move could pose a threat to the Swiss chocolate industry’s profit margins and its supply of raw materials. 

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Businesses urged to back Swiss Covid-19 vaccination strategy

2021-08-16

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2021-08-16

Health Minister Alain Berset has urged companies to back the government’s Covid-19 vaccination campaign, arguing it is in the economy's interest to get as many people vaccinated as possible.

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Covid: second vaccine approved for use on 12 to 17 year olds in Switzerland

2021-08-13

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2021-08-13

Swissmedic, Switzerland’s drug approval agency, extended approval of the Moderna Covid-19 vaccine for use on 12 to 17 year olds this week.

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Risk of housing bubble in Switzerland persists

2021-08-11

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2021-08-11

A report by the leading Swiss bank UBS has found an increased risk of a real estate bubble forming in Switzerland’s housing market. The UBS Swiss real estate bubble index has risen from 1.78 to 1.90 points, in the second quarter of 2021, remaining in the ‘risk zone’, according to a report published on Tuesday.

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Chocolate, gold, human rights: what’s the Swiss Connection?

2021-08-10

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2021-08-10

We take a deep dive into what one country – Switzerland – is doing to honour the United Nations principles on business respects human rights.

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Unvaccinated 80 times more likely to catch Covid-19, finds Swiss study

2021-08-08

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2021-08-08

Recent analysis of data done in the Swiss canton of Vaud found rate of Covid-19 was 83 times higher among the unvaccinated than those who had received two shots of vaccine, reported RTS.

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Zurich airport: 5 percent to 10 percent of passengers not boarding due to Covid document issues

2021-08-07

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2021-08-07

During July 2021, around 5% to 10% of long-haul passengers, many in transit, were unable to depart from Zurich airport because their Covid-19 documents did not comply with destination country regulations, reported the newspaper Le Temps.

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Swiss heirs must repay 15 years of illegally claimed welfare

2021-08-06

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2021-08-06

In 2016, the social security office in Zurich discovered a concealed bank account containing CHF 1 million belonging to a deceased man who had received welfare payments for 13 years, reported RTS.

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Credit Suisse to face ‘tuna bonds’ trial

2021-08-05

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2021-08-05

The bank will face a trial over its role in Mozambique’s $2 billion (CHF1.8 billion) “tuna bonds” scandal, a fresh blow as it struggles to shake off a succession of crises that have plagued the group in recent years.

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Swiss think it’s vital that other people reduce CO2 emissions

2021-08-04

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2021-08-04

A majority (70%) of Swiss believe it’s important to avoid emissions in their everyday lives, although fewer are likely to back up their views with action, according to a survey.

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Rising numbers of hikers and bikers boost Swiss economy

2021-08-03

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2021-08-03

Numbers engaging in outdoor activities like walking, cycling or mountain biking continued to rise in Switzerland in 2019, the Federal Office for Roads (ASTRA) has reported. This is also good news for the economy.

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Why some wealth managers hate wealth

2021-08-02

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2021-08-02

“How can we [ . . .] fight increased inequality?” railed Ralph Hamers in a recent interview. To be clear, Hamers is not the boss of Unicef, or Oxfam or the Social Mobility Foundation. He is chief executive of Swiss bank UBS, one of the biggest beneficiaries of the widening wealth gap.

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Credit Suisse reaches deal with former employee in spying case

2021-07-27

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2021-07-27

The Swiss bank and its former top manager Iqbal Khan have agreed to end all pending criminal proceedings in a 2019 spying affair that toppled the company’s top brass. Speaking to the Reuters news agency, a spokesperson for Credit Suisse confirmed a report in the newspaper NZZ am Sonntag that, following an agreement between “all parties”, the matter was now closed.

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Tourism sector will take decades to recover from pandemic

2021-07-26

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2021-07-26

The president of the national marketing body Switzerland Tourism says the year 2021 is on course to be even worse than 2020, with 5% fewer hotel stays expected. "This is not good news, because 2020 was the worst year in history" for the sector, Martin Nydegger told the newspaper SonntagsZeitung.

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