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.

Why is Switzerland so expensive?

You might have experienced it first-hand, or even just heard the legendary tales: Switzerland is eye-wateringly pricey. But do the people earning a Swiss wage see these sky-high costs the same way? Get this question and many others answered in this episode of ‘Switzerland Explained’ by SWI swissinfo.ch.

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Unemployment up in second quarter of 2020 in Switzerland

Switzerland’s unemployment rate rose from 4.2% to 4.6% in the second quarter of 2020, according to a recent survey that measures unemployment more broadly than Switzerland’s official unemployment measure. The method used for these calculations is the one defined by the International Labour Organisation (ILO), which includes all available job seekers – ILO definition of unemployment.

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Shoppers in Basel must wear face masks to reduce Covid-19 risks

Basel City has become the first German-speaking canton to require customers to wear face masks in shops to combat the spread of the coronavirus.

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Anti-corona protest planned later this month in Zurich

After protests in May 2020, an eclectic group of anti-corona protestors is planning to protest against vaccines, masks and other measures aimed at limiting the spread of the virus on 29 August 2020 in Zurich, according to the newspaper Le Matin.

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Coronavirus: a quarter of Swiss employees don’t want to be vaccinated, suggests survey

A survey run by the Bern University of Applied Sciences on behalf of the trade union Travail suisse suggests a significant portion of Switzerland’s workforce does not want to be vaccinated against the SARS-CoV-2 virus, reports the newspaper 20 Minutes.

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How do you separate the good companies from the bad apples?

Our regular analysis of what the biggest global companies in Switzerland are up to. This week: dubious gold origins, luxury watch straps, and vaccine deals. Gold refineries are under scrutiny for sourcing gold from Dubai traders with questionable ties to illegal mines in Africa. But is it fair to lump all refineries into one basket of bad apples?

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Why is Switzerland one of the most expensive countries?

Everybody seems to agree, Switzerland is one of the most expensive countries in the world, but why is that? The anecdotal evidence is there, and in the press, the big Swiss cities are constantly ranked among the most expensive cities in the world. Zurich and Geneva regularly make it into the top ten. And the Swiss are very much aware of these price differences. A study published at the beginning of 2020 concluded that Swiss businesses and...

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Inside Out of the Ordinary | Fani Titi (trailer)

A better future is always possible. Fani Titi shares his story of progress from humble beginnings to Investec CEO. Watch the full video at https://invest.ec/2Q89kSO

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Neo-banks challenging Swiss financial sector

New digital banks are popping up in Switzerland without a single branch or counter.  One of them, Zurich-based Neon, is staking its success on doing more with less and has attracted 30,000 customers.

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Switzerland adds 11 more nations to its compulsory quarantine list

From 20 August 2020, people entering Switzerland from Andorra, Belgium, Monaco and 50 other nations must quarantine for 10 days. Switzerland’s Federal Office of Public Health (FOPH) recently added 11 places to its existing list of regions where there is an increased risk of SARS-CoV-2 infection.

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How I built my own Swiss watch – in a day

Imagine assembling your own Swiss mechanical watch and taking it home with you at the end of the day. swissinfo.ch tried out the popular new concept run by Jura start-up Initium.

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Families face large differences in tax rates across Switzerland

A comparison of tax rates across different cantons and cities found that Zug – home to many multinational companies – offers the most attractive tax regime for families.

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Pressure mounts on Swiss refinery Valcambi over questionable gold origins

Industry associations are calling on Switzerland’s largest gold refinery to clarify the origins of its gold purchased from Dubai traders.

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Swiss luxury watch retailer Bucherer to shed jobs

The leading Swiss luxury watch and jewellery company Bucherer has announced it plans to slash 370 of its 2,400 jobs worldwide due to the coronavirus crisis hitting tourism.

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Free trade deals save Switzerland billions, study finds

Swiss consumers and importers saved CHF2.5 billion ($2.7 billion) in 2018 thanks to lower customs duties as part of free trade agreements, a study has revealed.

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Women behind the mask in hospitality and travel

The Covid-19 pandemic has had a major impact on women in hospitality and travel. But it’s also provided an opportunity to have critical conversations and to rethink the future of the industry. In this first edition of the Women Behind the Mask webcast series, we speak to some of the women leaders who are facing the challenges of our times and helping to shape the hospitality and travel industry of the future. We hear about their personal and...

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Banks braced as pandemic poses biggest test since financial crisis

During the depths of the coronavirus crisis in Europe in late March, Sergio Ermotti remembers sitting in his home study in Lugano, reflecting on the latest financial meltdown to engulf his career as a banker.

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Swiss government wants extra CHF770 million to tackle coronavirus

The Swiss government has asked for an extra CHF770 million ($841 million) in funds to tackle the coronavirus fallout. This comes on top of the CHF31 billion in bailout funds approved by parliament since March.

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Coronavirus: new cases in Switzerland reach highest level since April

Today, Switzerland’s Federal Office of Public Health (FOPH) announced 274 new recorded cases of SARS-CoV-2 infection over 24 hours. The last time Switzerland had a daily case number above this was on 19 April 2020 when 336 new cases were recorded.

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