Category Archive: 3) Swiss Markets and News

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Swiss trade union demands shorter work week

Switzerland’s largest trade union issued a statement on Saturday demanding a “massive reduction” of working hours with full wage compensation for lower and income earners.

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Ransomware attacks on the rise in Switzerland

Cyber-attacks are on the rise in Switzerland with 94 ransomware incidents reported in the first half of the year, according to the Sunday weekly Le Matin Dimanche.

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The highs and lows of living and working in Switzerland

Last year foreign workers in Switzerland loved the quality of life but moaned about how hard it is to settle in. Have they since cracked how to befriend the allegedly surly Swiss? The Expat City Ranking 2021 lists both praise and peeves of newcomers.

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Two Swiss cities remain in top 10 most expensive globally

The latest Economist Intelligence Unit (EIU) survey of the prices of 200 goods and services in 173 cities placed both Geneva and Zurich in the top 10 most expensive cities in 2021. Overall, the cost of living across these 173 cities has risen by an average of 3.5%, the highest inflation seen in the last 5 years.

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Swiss commodity traders control 2.7 million hectares of land worldwide

Research by investigative non-profit Public Eye has revealed that trading companies with a Swiss presence – or their subsidiaries – own over 550 plantations covering over 2.7 million hectares.

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Swiss banks implicated in trading cartel investigation

The European Commission has ended an investigation of five banks, including UBS and Credit Suisse, who colluded in a foreign exchange spot trading cartel.

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Omicron exposes our pandemic failures

They say a week is a long time in politics – last week we discovered it’s a long time in a pandemic as well. We started the week anxiously watching the rising Covid cases in Europe, and wondering what new restrictions might be heading our way for Christmas.

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Majority of Swiss in favour of compulsory vaccination, according to poll

According to poll results published over the weekend, 53% of those surveyed in Switzerland were in favour of making Covid-19 vaccinations compulsory, a percentage that rose to 69% for those working in the health sector, reported 20 Minutes.

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Swiss politicians join calls for Beijing Olympic Games boycott

Swiss politicians are among those calling for a diplomatic boycott of the Winter Olympics in China in February 2022, to protest China’s campaign of repression against Uyghurs and other minority groups, as well as its crackdown on Hong Kong. The alleged abuses against the mainly Muslim minority in Xinjiang include mass detention and torture. The US State Department and several European legislatures have classified the human rights abuses as...

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Average Swiss household income reaches nearly 115,000 francs

The gross mean household income in Switzerland was CHF 114,984 (US$ 125,000) in 2019, according to the Federal Statistical Office (FSO). Overall, 40% of households in Switzerland had income over this mean while 60% brought in less.

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Demand for crypto stamp crashes post office’s online shop

The launch of Swiss Post’s first “crypto” stamp has met with such high demand that the online shop was overwhelmed for several hours.

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Swiss Federal Council rejects two votes on pension reform

This week, the Federal Council rejected two very different initiatives aimed at changing the state pension system. In common with much of the developed world, Switzerland is facing a large gap between the money required to fund state pensions and the money flowing in to pay for them, a challenge driven by increasing life expectancy, a rise in the number of pensioners as the population ages and the way the system is funded.

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Stable income but higher taxes for Swiss households

The average private household in Switzerland spent about 31% of its income on taxes, social security and health insurance premiums in 2019.

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How Play Suisse made waves among the streamers

In a little over a year Play Suisse, the streaming service of the Swiss Broadcasting Corporation (SBC), has become a major player in the Swiss digital landscape, surpassing platforms like Disney+ and Amazon Prime Video. Critic Max Borg looks at the strengths and weaknesses of Play Suisse and its rivals.

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Geldcast Update: Lessons from interest rate problems

The Australian central bank is being attacked by the markets and is losing control over interest rates. Something similar happened to the Swiss National Bank in 2015 with the minimum exchange rate for the euro. But what is behind this?

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A just democracy is a robust democracy

Polarisation, social divisions, distrust and inequality: How can people in democracies push back against the negative dynamics emerging from the Covid-19 pandemic? At the International Forum Zofingen, SWI swissinfo.ch asked international and Swiss democracy experts for some answers to some fundamental challenges facing today's democracies. This includes perspectives from Matt Qvortrup, Coventry University/UK, Estefania Cuero, diversity...

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Moving up in the world: could you work from home in the Alps?

During the pandemic, some skiers have been doing just that. But does the romantic vision tally with the reality? It was in May, while hiking along the forest trails and waterfalls of La Tièche, with views towards the snow-dusted peaks of the Matterhorn and Mont Blanc, that fitness coach Jessica Z Christensen decided to spend more time in the Swiss mountains.

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How the bubble house movement took hold in Switzerland

Swiss architects were swept up in the movement to build bubble houses out of concrete and plastic in the 1960s. While the bubble movement burst decades ago, many of the original structures are still standing to this day.

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How the pandemic has widened inequalities in Swiss watchmaking

Driven by strong Chinese demand, Swiss watchmaking is recovering after suffering one of its biggest economic shocks in 2020. But the crisis has further widened the gap between the few brands that take the lion’s share of the profits and the rest of the industry.

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Lights out – Geneva to cut lights to save electricity

This week, the government of the canton of Geneva changed a law to require non residential buildings, with some exceptions, to switch off their lights at night between 1am and 6am.

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