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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Eight Swiss in Bloomberg billionaire ‘rich list’ 

2021-05-19

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2021-05-19

In the latest version of the Bloomberg Billionaires Index, eight Swiss or Swiss-resident names figure among the 500 richest people in the world. The richest of the Alpine-based billionaires is Geneva-based Ernesto Bertarelli, who according to his own self-description is a “Swiss entrepreneur active in the fields of business, finance, sport and philanthropy”.

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Only vaccinated to get Covid certificates before end June in Switzerland

2021-05-18

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2021-05-18

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Initially, in Switzerland, only those who have been vaccinated will get a Covid certificate. Those who have received a negative test result or have been infected and recovered will have to wait, according to a report in the TagesAnzeiger. This information was later confirmed by the Federal Office of Public Health (FOPH), according to RTS.

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Napoleon Bonaparte’s impact on Switzerland

2021-05-17

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To mark the 200th anniversary of Napoleon's death, Swiss Public Television SRF takes a closer look at the changes he brought about in Switzerland, as he plowed his way across Europe with the French Imperial Army. --- 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 more articles, interviews and videos visit...

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Swiss Private Banks at Odds with Clients over ESG

2021-05-17

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2021-05-17

Switzerland used to be a place where the rich came with their money to escape the world’s problems, not to confront them. These days, the private banks that dot the pristine streets of Zurich and Geneva are no exception when it comes to the wave of enthusiasm that has broken over the asset management world for better environmental, social and governance standards.

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Swiss Life pays $77.4 million to placate US tax authorities

2021-05-16

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2021-05-16

Switzerland's largest insurance company Swiss Life has agreed to pay CHF70 million ($77.4 million) and enter a deferred prosecution agreement in the United States to resolve accusations it conspired to help wealthy Americans to avoid taxes.

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Organic farming continues to gain ground in Switzerland

2021-05-16

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2021-05-16

Switzerland continues to shift towards organic farming. Between 2000 and 2020, the number of organic farms has risen by 54%. In 2020, the number rose 3.8%. Organic farms now make up 15.3% of total farms in Switzerland, up from 6.9% 20 years ago. In 2000, there were 4,902 organic farms. By 2020, the number had risen 54% to 7,561.

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Nearly two thirds of Swiss support EU framework agreement, suggests poll

2021-05-15

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2021-05-15

Switzerland and the EU have been working at failing to agree on a new agreement on Switzerland’s relationship with the EU for sometime now. One point of negotiating leverage used by Switzerland is that Swiss voters would reject the deal proposed by the EU in a referendum. However, a recent poll suggests that might not be true.

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Covid: vaccination of 12 to 15 year olds on the horizon in Switzerland

2021-05-14

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2021-05-14

Covid Vaccination
Those with teenagers wishing for the greater travel freedom likely to come with proof of vaccination may have cause for hope. On 7 May 2021, Pfizer submitted an authorisation application to Swissmedic, Switzerland’s drug approval agency, for use of its vaccine against Covid-19 on those aged 12 to 15 years old.

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Overtourism could give way to Sustainable Travel

2021-05-13

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2021-05-13

Let me state from the outset, you won’t get a discount if you mention to your travel agent that you read this article when you book your trip to Switzerland this summer. But it will be nice to have you back; Switzerland – in line with much of Europe – is planning to open up to overseas visitors in a few short weeks. And since we haven’t seen you in a while, I expect you’ll be welcomed with open arms!

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UBS, Desperate To Retain Talent, Now Offering $40,000 Bonuses To Newly Promoted Associates

2021-05-11

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2021-05-11

Not in Labor Force, 1994 - 2020
It looks like the hiring (and retention) shortage isn't just for rank-and-file minimum wage jobs.UBS has now said that, amidst historic competition and a "retention crisis" in the investment banking world (which we noted weeks ago), it is going to pay a one time $40,000 bonus to its global banking analysts when they are promoted.

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Electric Car maker feels the power of Switzerland

2021-05-11

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2021-05-11

Anton “Toni” Piëch, co-founder of the Swiss electric car manufacturer Piëch Automotive, tells SWI swissinfo.ch why he chose Zurich and how he intends to make his mark in a highly competitive market with battery-powered cars for “purists who love technology”.

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Credit Suisse Hires Former Prime Brokerage Head To Restore Business After Archegos Blowup

2021-05-09

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2021-05-09

Hires Former Prime Brokerage
After firing a raft of senior employees including its head of risk, Lara Warner, Credit Suisse has been struggling to move past a series of major risk-management failures that together could cost the bank $10 billion, or more, though the final tally of losses from the Archegos blowup isn't yet known as the bank weighs whether it should cover some client losses associated with the "low risk" trade-finance funds that collapsed earlier this year.

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Why foreign banks’ forays on Wall Street have gone wrong—again

2021-05-08

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2021-05-08

May 8th 2021THE IMPLOSION of Archegos Capital, a New York-based investment firm, in April splashed egg on many faces. Banks that had lent it vast sums to bet on volatile stocks have revealed over $10bn in related losses in recent weeks. America’s leading investment banks, barring Morgan Stanley, were largely absent from the big casualties, though. Instead the grim league table featured foreign champions. Most notable, because of its huge loss of...

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Latest poll shows majority support for Swiss anti-pesticide votes

2021-05-07

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2021-05-07

With five weeks to go before Swiss vote on two initiatives aimed at drastically cutting the use of pesticides, more than 50% appear to be in favour of both initiatives, according to RTS. © Dusan Kostic | Dreamstime.comOne of these initiatives, the clean drinking water initiative, aims to tie access to Switzerland’s generous farm subsidies to forgoing pesticide (and antibiotic) use. The second aims to ban the use of synthetic pesticide use...

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Covid: new cases trend down with vaccine progress

2021-05-07

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2021-05-07

This week, saw 10,639 new Covid-19 cases in Switzerland, down 21% from a week before (13,465) continuing the slow down in growth of new numbers experienced last week (-5%). The 7-day average is currently 1,519.

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Swiss consumer sentiment nearly back to pre-crisis level

2021-05-07

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2021-05-07

The primary reason for the rise in consumer sentiment is a significant improvement in expectations regarding general economic development. This sub-index climbed from -18 points in January to +3 in April, the highest value recorded since autumn 2018, indicating that consumers are expecting the economic recovery to continue over the coming twelve months.

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Swiss to develop Covid-19 certificate by end of June

2021-05-07

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2021-05-07

A system for issuing a forgery-proof Covid-19 certificate on request will be available by the end of June to anyone in Switzerland who has been vaccinated, has recovered from or has recently tested negative for coronavirus.

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Almost half of Swiss workers choose early retirement

2021-05-04

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2021-05-04

On Tuesday, the Federal Statistical Office (FSO) reported External linkthat in 2019 between 40-50% of people started receiving their pension from their so-called second pillar before the legal retirement age - 65 for men and 64 for women.

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Gold Is Laughing At Powell

2021-05-03

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2021-05-03

Authored by Matthew Piepenburg via GoldSwitzerland.com,Recently, my colleague, Egon von Greyerz, and I had some unabashed yet blunt fun calling out the staggering levels of open hypocrisy and policy desperation unleashed by former Fed Chairman, Alan Greenspan.Poor Alan was an easy target of what I described as the “patient zero” of the reckless interest rate suppression and unbridled monetary expansion policies of the Fed which have always led to...

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What Switzerland and North Korea have in common

2021-05-03

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--- In both North Korea and Switzerland, the omnipresence of high mountains most probably affects the national psyche. An exhibition at the Alpine Museum in Bern investigates the similarities and differences between the two mountain nations, focusing not on politics but on people. 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...

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