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.
My articlesMy siteAbout meMy books
Follow on:LinkedINTwitterAmazon
Filter archive by: Show All Show only Articles Show only Videos

Online replaces TV as most influential form of media

2022-12-07

by

2022-12-07

Online media replaced television as the most influential media genre in Switzerland for the first time in 2021, according to a study. Large brands such as 20 Minuten and Swiss public radio and television, SRF, lost influence in favour of smaller titles.

Read More »

Bern against federal plan to subsidise health insurance 

2022-12-05

by

2022-12-05

A federal initiative aimed at subsidising health insurance premiums once they exceed 10% of disposable income met with resistance in Bern this week, reported RTS.

Read More »

No rise in Switzerland’s rent rate

2022-12-03

by

2022-12-03

Every three months the rate of interest used to set the rents in Switzerland is reviewed. If it goes down some renters have the right to request a decrease in rent. If it goes up landlords can push up rents. This time the rate remained at 1.25%, however it looks set to rise next year.

Read More »

Pay rise agreed for Switzerland’s public sector workers

2022-12-02

by

2022-12-02

On 2 December 2022, Switzerland’s Federal Council agreed to boost the salaries of those working for the federal government by 2.5% in 2023.

Read More »

Credit Suisse looks to speed up cuts as revenue outlook worsens

2022-12-02

by

2022-12-02

Swiss bank Credit Suisse is looking for ways to accelerate cost cuts announced just weeks ago as client outflows and a slowdown in activity weigh on its revenue outlook, according to three people with knowledge of the talks. The cost savings are likely to involve more job cuts than previously announced for the first wave of reductions, including in its mainstay wealth business, said the sources, who asked to remain anonymous because the...

Read More »

Solution found in construction labour dispute

2022-11-30

by

2022-11-30

Construction workers and trade unions in Switzerland have reached an agreement in a long-running labour dispute. Builders will receive CHF150 ($158) more a month in effective wages from next year and minimum wages will increase by CHF100 a month.

Read More »

Swiss rents set to rise as much as 15 percent

2022-11-29

by

2022-11-29

Close to half of renters is Switzerland could face significant increases in rent, estimates Zürich Kantonalbank (ZKB), with rents potentially rising as much as 15% over the next five years, reported the newspaper Blick.

Read More »

Credit Suisse says only a few customers are closing accounts

2022-11-28

by

2022-11-28

The head of Credit Suisse’s Swiss division says that only a few clients are actually closing accounts at the bank. His comments after the troubled bank reported high customer fund withdrawals globally.

Read More »

Two out of three Swiss resorts raise ski-pass prices

2022-11-21

by

2022-11-21

Some ski lift companies are charging up to 15% more for passes this winter as high energy prices bite, a survey by CH Media shows.

Read More »

Inter-cantonal tax transfers to rise 5 percent in 2023

2022-11-19

by

2022-11-19

On 16 November 2022, Switzerland’s federal government announced the sums that will be transferred between the nation’s statelets or cantons in 2023, a mechanism aimed at ensuring wealthy cantons support those with weaker economies.

Read More »

Global goods inspector SGS to shed 1,500 jobs

2022-11-18

by

2022-11-18

The world’s largest goods inspection and testing group SGS will shed 1,500 jobs worldwide in a cost saving drive.

Read More »

Government firms up plans in case of gas outage

2022-11-17

by

2022-11-17

In case of a shortage, households and businesses which heat with piped gas would be asked to lower temperatures to 20°C, the government has said.

Read More »

Swiss health office and pharma firm at odds over flu spray

2022-11-14

by

2022-11-14

The Swiss health authorities and the manufacturer AstraZeneca are at loggerheads over a nasal spray to vaccinate children and adolescents against influenza.

Read More »

Leading economist mildly upbeat about Swiss growth prospects

2022-11-13

by

2022-11-13

Economic researcher Jan-Egbert Sturm expects the Swiss economy to stagnate in the next few months. The director of the Swiss Economic Institute (KOF) at Federal Institute ETH Zurich, said Switzerland had been been quite resilient in the current economic environment.

Read More »

Vote on pension reform most divisive in Swiss history

2022-11-12

by

2022-11-12

Switzerland’s recent vote on state pension reform on 25 September 2022, divided men and women, reported RTS.

Read More »

Swiss construction workers protest over hours and pay

2022-11-12

by

2022-11-12

After construction workers went out on strike for two days in French-speaking Switzerland, construction workers protested in Zurich over hours and pay on 11 November 2022, reported RTS. Photo by Rodolfo Quirós on Pexels.comWith inflation in Switzerland running at 3%, construction workers are demanding higher pay. However, the construction industry has responded with an offer of better pay tied to higher maximum hours. The industry would like...

Read More »

Bank predicts home rent rises in Switzerland

2022-11-11

by

2022-11-11

According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes.

Read More »

Vivid pink diamond auctioned for CHF28.4 million

2022-11-10

by

2022-11-10

A pear-shaped 18-carat pink diamond billed as a rarity has sold at a Geneva auction for CHF28.4 million ($28.8 million), including fees and taxes.

Read More »

UBS raided in money-laundering probe of Russian

2022-11-09

by

2022-11-09

Police have searched two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, according to German officials and media.

Read More »

As pension funds lose out on stock markets, how safe is retirement?

2022-11-08

by

2022-11-08

Stock markets this year have been heading steadily downhill. With Swiss pension funds feeling the impact, future retirement payments are only barely guaranteed.

Read More »