Category Archive: 3) Swiss Markets and News

Main Author Investec
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.

Swiss price watchdog lays out options for slashing electricity costs

By reducing grid connection fees and municipal duties, the federal government could help to keep electricity bills down, Stefan Meierhans told Le Matin Dimanche newspaper. Meierhans said it is possible for the government to change the framework conditions that would allow a lowering of fees for using the grid.

Read More »

Former UBS CEO sees no need for two big Swiss banks

Having two big players like UBS and Credit Suisse provides no “compelling” economic benefit for Switzerland, Sergio Ermotti has told the NZZ am Sonntag newspaper.

Read More »

Novartis to spend $300m on biotherapeutics drive

Swiss pharmaceutical company Novartis is investing $300 million ($288 million) in biotherapeutics development, which includes a new $100 million biologics hub at its home base in Basel.

Read More »

How gold mining in Ghana is threatening Swiss chocolate

As the world’s second-largest cocoa producer continues to lose swathes of farmland to illegal gold mining, Switzerland's chocolate makers are waking up to the threat to their raw material supply.

Read More »

Home ownership remains a mirage for most Swiss

Many Swiss dream of owning a single-family home in the countryside and passing it on to their children. For most, this dream is increasingly unrealistic.

Read More »

Swiss electricity prices to rise as much as 280% in 2023

Next year, average electricity prices in Switzerland are set to rise 27% with significant difference depending on where you live, reported RTS. In 2023, an average household consuming 4,500 kWh a year will pay an extra CHF 261 a year for their electricity.

Read More »

38% of Swiss speak more than one language at work

In many places one language is all that is required at work. In Switzerland, 37.7% of workers surveyed reported regularly using two or more languages at work, according to data published by the Federal Statistical Office on 6 September 2022.

Read More »

Swiss court gives Nord Stream 2 more time to avoid insolvency

The Swiss company behind the Russian gas pipeline Nord Stream 2 has received a four-month extension to try to repay its debts. 

Read More »

Migrant workers head back to Switzerland as Covid-19 restrictions end

Switzerland has returned as a popular destination for foreigners looking for work after two years of Covid-19 restrictions. Over 75,000 people have immigrated to Switzerland so far in 2022, driven largely by an economic boom and unemployment levels falling to a 20-year low.

Read More »

Swiss vote: sticking up for animal welfare

The Swiss will vote on September 25 whether to ban factory farming. The country is committed to agriculture and already has very strict animal welfare legislation. The popular initiative was organised by animal rights organisations, who say the welfare requirements for livestock and poultry should at least meet the criteria of the 2018 Bio Suisse standard. But the government and parliament consider farm animals to be adequately protected under...

Read More »

Too soon to say inflation has peaked, says SNB boss

The president of the Swiss National Bank (SNB), Thomas Jordan, says the inflation outlook is more uncertain than normal and it is premature to say prices have peaked. “You cannot say we have passed the zenith and now it is certainly heading lower,” Jordan told a Finanz and Wirtschaft financial conference on Thursday.“

Read More »

Social security

Switzerland has a social security network that covers risks in many areas – work, health, family and old age. 

Read More »

‘Let’s Talk’: pension reform debate

A revamp of Switzerland’s pension system is set for a popular vote. SWI swissinfo.ch discussed the issue with supporter Andri Silberschmidt and opponent Barbara Gysi. The reform plans encompass two separate proposals to be decided by voters on September 25: the retirement age for women is to be hiked from 64 to 65, while value-added tax in Switzerland is to rise by 0.4%. Opinion polls suggest the result could be tight. They also show that...

Read More »

Swiss economy slows but stays in the black

Switzerland’s economic output slowed to 0.3% between April and the end of June, compared to the first quarter of the year. The manufacturing, construction, trade and financial services sectors all showed signs of weakening in the face of energy shortages and rising inflation.

Read More »

Pilot project tests power backup from electric cars

An innovative pilot project testing the potential of electric cars to stabilise the power grid has been launched in Switzerland.

Read More »

The circular economy: A new way of making and using things

A circular economy means moving away from using precious raw materials and producing goods that end up in the landfill. Products are repaired, reused and recycled instead.

Read More »

Your views on female conscription

By the end of this decade, the Swiss army expects to have trouble recruiting enough personnel. So the defence department is studying the option of drafting women alongside men for military service or an alternative civilian service. We recently asked readers to send in their views on gender-neutral conscription. -- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to...

Read More »

Credit Suisse reportedly slashing 5,000 jobs globally

Embattled Swiss bank Credit Suisse is planning to cut around 10% of its workforce as part of a major cost cutting drive, according to several media reports.

Read More »

Swiss GDP growth jumps in 2021

Switzerland’s Gross domestic product (GDP) grew 4.2% in 2021, according to recently released data by Switzerland’s Federal Statistical Office (FSO). The increase follows a decrease of -2.4% in 2020, a year marking the beginning of the Covid-19 pandemic. 

Read More »

Women’s Wealth Talk: Episode 5

In dieser Ausgabe des Women’s Wealth Talk erzählt Dr. Elena Gross, Gründerin und CEO von KetoSwiss, unter anderem, welche persönlichen Umstände sie zur Gründung von KetoSwiss bewegt haben, welche Rolle Networking für sie als erfolgreiche weibliche Start-up-Gründerin spielt und welche Bedeutung das Thema Nachhaltigkeit für ihr Unternehmen und für sie als Privatperson beim Investieren hat.

Read More »