Category Archive: 3) Swiss Markets and News

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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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Large Hadron Collider restart at CERN

2022-07-06

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The Large Hadron Collider (LHC) is back. Scientists are again firing proton beams at nearly the speed of light around its 27-kilometre loop as they resume their search for clues to the origins of the universe. After three years of maintenance work, the world’s biggest particle accelerator, located at the CERN particle physics laboratory near Geneva, has started its third operational cycle, officials said this week. The increased amount of energy...

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Swiss debt enforcement offices aiding money laundering

2022-07-06

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2022-07-06

In Switzerland, it is possible to pay delinquent debts with large sums of cash. Some criminals are using the loophole to launder money, reports Le Matin.

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Inflation ‘back with a vengeance’ in Switzerland

2022-07-05

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2022-07-05

The price of household goods for Swiss consumers rose 3.4% in June compared to the same month last year, led by the surging cost of fuel and heating oil. “Inflation, which has de facto been absent for more than a decade, is back with a vengeance,” said economic forecast group BAK Economics.

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Large Hadron Collider primed to hit record energy levels

2022-07-05

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2022-07-05

Ten years after it discovered the Higgs boson, the world’s biggest particle accelerator is poised to smash together protons at record energy levels at the CERN particle physics laboratory near Geneva, as scientists resume their search for clues to the origins of the universe.

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As interest rates climb and the economy cools, can companies pay their debts?

2022-07-04

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2022-07-04

Welcome to the American corporate-debt market of 2022. Often the only risky bonds that are being issued are the legacy debts of a now ancient-seeming time—when interest rates were low and a recession was unthinkable. Elsewhere, the high-yield market has almost ground to a halt.

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Swiss minister pushes for renewable energy to replace gas imports

2022-07-04

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2022-07-04

Energy Minister Simonetta Sommaruga has warned of possible shortages of natural gas in Switzerland during the winter months

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Rebuilding Ukraine. How much can the Lugano summit achieve?

2022-07-03

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2022-07-03

How to set Ukraine on the path to recovery will be the focus of a major international conference hosted by Switzerland in Lugano in early July. But that may be easier said than done with war still raging in parts of the country and lingering concerns about corruption.

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Swiss gold imports come under scrutiny as G7 targets Russia

2022-07-02

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2022-07-02

An unexpected spike in Switzerland’s gold imports from Russia is under scrutiny as the leaders of the world’s wealthiest nations gear up to introduce a ban on the precious metal.

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War and peace: dual-use technologies divide

2022-07-02

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2022-07-02

New technologies, developed to improve our society, are increasingly being used to wage war. Switzerland, which leads the development of autonomous drones, is very much affected by this phenomenon.

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Swiss franc worth more than the euro

2022-07-01

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2022-07-01

This week, the Swiss franc rose to beyond parity with the euro as traders sought safe haven assets as concerns about risks to global growth grew.

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James Webb – A glimpse into the origins of the universe

2022-07-01

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The James Webb Space Telescope, which lifted off into the heavens in December 2021, is on the hunt for distant galaxies, faint comets and early star formations. A key component of the telescope was part-developed in Switzerland. The Webb, the biggest and most powerful telescope ever sent into space, is considered as the successor to the Hubble telescope launched in 1990 by NASA. However, while the Hubble captures images in the spectrum visible to...

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Cartel fined for fixing price of Volkswagens

2022-07-01

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2022-07-01

A group of Volkswagen dealers in southern Switzerland has been fined CHF44 million ($46 million) by the Federal Competition Commission (Comco). The seven cartel members, including car importer AMAG, had fixed the prices of new Volkswagen cars for years.

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Foreign currencies going off Swiss central bank menu

2022-06-30

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2022-06-30

Switzerland’s central bank is buying lower volumes of foreign currencies to support the franc as it balances the needs of exporters with the rising cost of goods.

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‘Hidden’ costs of transport total CHF14 billion

2022-06-30

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2022-06-30

Negative costs on third parties caused by transport in Switzerland amounted to CHF14 billion ($14.7 billion) in 2019. The damage mainly affects the environment and climate, but also health.

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Novartis to cut 1,400 jobs in Switzerland

2022-06-29

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2022-06-29

Swiss pharmaceutical company Novartis is laying off more than one in ten employees in Switzerland over the next three years – 1,400 of 11,600 jobs will go. It also plans to cut 8,000 of 108,000 jobs worldwide.

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The Swiss army: your questions answered Part 2

2022-06-28

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In Switzerland, all able-bodied men complete compulsory military service, while others opt for a civilian service. But how useful is a conscript army in light of what Russia did to Ukraine?

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Traders with Swiss links continue to buy and sell Russian oil

2022-06-28

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2022-06-28

Around 20 traders have reportedly increased their shipments of Russian oil since the war in Ukraine broke out. A third of these players have strong connections to Geneva, according to the newspaper Le Matin Dimanche.

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SWISS plans more flight cancellations into autumn

2022-06-27

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2022-06-27

Additional cancellations of SWISS flights are “unavoidable” because of staff shortages, a company spokesperson told the Keystone-SDA news agency on Sunday.

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Higher federal tax deductions for health insurance announced

2022-06-27

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2022-06-27

The cost of Swiss health insurance has risen sharply over the years. However, the amount that can be deducted from income to calculate federal taxes has remained comparatively low. This week, Switzerland’s parliament voted in favour of closing the gap between the standardised health insurance tax deductions and what people actually pay, reported RTS.

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Switzerland details revenue split for global corporate tax rate

2022-06-25

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2022-06-25

Switzerland will implement from 2024 the minimum tax rate for large multinational firms under a global tax deal. The federal government will get a quarter and regional and local authorities three-quarters of revenue, it said on Thursday, outlining how the deal would be implemented.

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