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 style bakery in Boston

2020-12-22

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Swiss couple Helene and Thomas Stohr run their own bakery in Massachusetts. Every day, they produce an array of Swiss and European treats, including croissants, jelly doughnuts and braided bread. From a young age, the Stohrs dreamed of seeing the world, so they left Lucerne for North America 20 years ago. Thomas, a professional baker, worked in Canada and the US for various eateries, including Mövenpick, while Helene looked after their sons Tobias...

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Credit Suisse chief vows a ‘clean slate’ in 2021

2020-12-22

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2020-12-22

The chief executive of Credit Suisse has vowed the bank will start 2021 with a “clean slate” after a torrid year that began with a damaging corporate spying scandal and was punctuated by embarrassing fallout from legacy compliance and lending failures.

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Covid: retroactive quarantine for those arriving from the UK and South Africa

2020-12-22

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2020-12-22

Following the discovery of a new, more contagious variant of the coronavirus in the UK and South Africa, the Federal Council today decided to take steps to prevent the further spread of this new virus strain.

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First Covid-19 vaccine approved for Swiss use

2020-12-21

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2020-12-21

Swiss health regulator Swissmedic has approved the coronavirus vaccine from Pfizer/BioNTech. According to the Swiss authorities, the level of protection is over 90% a week after the second dose.

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Covid: Switzerland suspends flights from the UK and South Africa

2020-12-21

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2020-12-21

Late on 20 December 2020, the Swiss government decided to suspend flights to Switzerland from the UK and South Africa following news of the discovery a new variant of SARS-CoV-2 virus.

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Countries still far from achieving sustainable development

2020-12-19

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2020-12-19

The latest United Nations Human Development Report has found that countries, including Switzerland, still struggle to achieve high levels of human development without straining the planet.

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Covid, December 18: 22 percent of Geneva tests positive for antibodies

2020-12-18

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2020-12-18

An update to an antibody study conducted by HUG and UNIGE suggests that 22% of Geneva’s population had been exposed to the SARS-CoV-2 virus by December 2020.

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Large government budget deficit in 2021 for Switzerland

2020-12-17

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2020-12-17

On 16 December 2020, Switzerland’s Council of States, the nation’s upper house, accepted a 2021 budget deeply in the red following its acceptance last week by the National Council.

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Covid: Swiss becoming more skeptical of vaccines

2020-12-17

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2020-12-17

Mistrust of vaccines against Covid-19 continues to rise in Switzerland, according to a recently published survey.

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Switzerland among best placed to recover from Covid crisis

2020-12-16

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2020-12-16

Switzerland is among the countries best equipped to withstand the effects of the global pandemic, although no nation has emerged unscathed, according to the World Economic Forum (WEF). 

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Covid, December 16: declaring extraordinary situation pointless right now, says Swiss minister

2020-12-16

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2020-12-16

Speaking to broadcaster RTS, Swiss health minister Alain Berset said the pandemic was under control and that it currently made no sense to declare an extraordinary situation, a provision in Swiss law on managing infectious diseases that allows the Federal Council to take charge of the situation over and above cantonal governments.

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Switzerland and UK sign agreement on mobility of service suppliers

2020-12-15

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2020-12-15

An agreement that secures reciprocal, facilitated market access for service providers from Switzerland and Britain from January 1 has been signed by Economics Minister Guy Parmelin and Liz Truss, the British Secretary of State for International Trade.

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Switzerland’s population happy with the health system, according to survey

2020-12-14

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2020-12-14

Switzerland’s health system is rated highly by the public, according to the latest survey conducted in eleven countries by the Commonwealth Fund Foundation.

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Covid vaccinations will be free in Switzerland

2020-12-12

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2020-12-12

On 9 December 2020, Switzerland’s federal government adopted a change to the rules on healthcare to make vaccination against the SARS-CoV-2 virus free to the public.

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Swiss footsteps in New Orleans

2020-12-11

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As a child, John Geiser III was surrounded by Swiss people in his grandfather’s adopted city of New Orleans. After the Second World War had ended, John was a young adult when his father took him to Switzerland for the first time. We met John in June 2019, when he gave us a tour of New Orleans. Over the course of a hot and humid morning – mainly on foot – he energetically showed us the traces of Swissness dotted throughout this city famous for its...

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WEF’s Asian relocation to cost Switzerland tens of millions

2020-12-11

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2020-12-11

Swiss hotels, restaurants and shops are counting up the cost of the World Economic Forum’s (WEF) flagship event moving to Singapore next year. This year’s 50th annual meeting realised a net gain of around CHF80 million ($90 million) for the Swiss economy.

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Italy suspends rail links with Switzerland

2020-12-09

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2020-12-09

Update: It appears rail connections between Italy and Switzerland will not be interrupted after Switzerland’s president and the Italian minister of transport spoke on Wednesday. Solutions have been identified to ensure compliance with Italy’s anti-COVID measures. Rail links are expected to gradually return to normal over the next few days, according to a report by RSI.

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Covid, December 10: Bern to consider new measures as cases rise again

2020-12-09

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2020-12-09

Laboratory-confirmed cases
On 8 December 2020, Switzerland’s Federal Council announced it was considering further restrictions starting from 12 December 2020 and running until 20 January 2021.

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WEF annual meeting moves from Switzerland to Singapore

2020-12-08

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2020-12-08

The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos.

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Swissair liquidator extracts CHF2.75 million from former bosses

2020-12-08

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2020-12-08

Former Swissair bosses have been ordered to pay CHF2.75 million ($3 million) almost 20 years after the national airline carrier went bust. The bill has been presented to 14 former managers after many years of legal wrangling and court battles.

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