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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.
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Swiss National Bank maintains loose monetary policy

2021-12-17

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2021-12-17

The Swiss National Bank has decided to stick to its expansionary monetary policy, a day after the US Federal Reserve announced it was tightening monetary policies amid rising inflation.

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Expo 2020 Dubai: Swiss pavilion focuses on sustainability and innovation

2021-12-16

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2021-12-16

The Swiss pavilion at the ongoing Universal Exposition in Dubai leads the visitor through Alpine landscapes in a show of light and shadows to showcase Swiss sustainability, urbanisation and innovation. It is a concept that seems to appeal to the public, despite the pandemic and the many contradictions that characterise the Gulf region.

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Switzerland outlines 15 Alpine hydro projects for the future

2021-12-15

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2021-12-15

Authorities, environmental groups, and energy providers have named 15 major hydropower projects that could help Switzerland achieve energy security and a green transition over the coming decades. The projects were chosen for their energy efficiency potential as well as their minimal impact on biodiversity and the landscape, the groups wrote in a joint declaration on Monday. It was the third time that the “round-table” had met since August 2020.

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‘The definition of a tax haven is changing’

2021-12-14

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2021-12-14

A major global corporate tax deal agreed by more than 130 countries in October aims to curb tax abuse by multinational companies, but many important details remain on how this will be implemented.

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Balancing sports and studies in Switzerland: Alina Meier explains

2021-12-14

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Swiss Alina Meier is a 25-year-old cross-country skier, born and raised in canton Graubünden. The three-time Swiss champion decided to start studying in 2020, thanks to the move many universities made towards virtual learning. Even so, the dual career of a top-level athlete and student is particularly challenging for her because her sport has a seasonal focus. The coming semesters will be particularly intense for her, because in addition to her...

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UBS fails to overturn French tax evasion guilty verdict

2021-12-13

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2021-12-13

An appeal court in Paris has confirmed that Swiss bank UBS is guilty of having assisted French tax evaders - but reduced the penalty from €4.5 billion (CHF4.7 billion) to €1.8 billion.

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Arm wrestling over the control of money

2021-12-12

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2021-12-12

The Swiss National Bank (SNB) is doing its best to keep up with the fast-evolving world of cryptocurrencies and decentralised finance.

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Why Switzerland props up its ailing sugar industry

2021-12-11

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2021-12-11

Every year from October to December more than 1.5 million tonnes of sugar beets grown in Switzerland are harvested to supply the country’s sugar industry – an industry being kept alive by massive government subsidies. SWI swissinfo.ch reports from Aarberg, home to the country’s largest sugar factory.  

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Swiss tourists stayed close to home in 2020

2021-12-10

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2021-12-10

New data on Swiss travel habits during the first year of the Covid-19 pandemic show fewer overnight stays, less air travel and a collapse in trips beyond the borders of Europe.

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Supply chain bottlenecks and Omicron hamper Swiss economic recovery

2021-12-09

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2021-12-09

Swiss economic experts expect a significant economic slowdown as supply chain bottlenecks, inflation and pandemic restrictions persist in many parts of the world.

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Underwater archaeology reveals buried secrets of a Swiss lake

2021-12-07

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The prehistoric past of the city of Lucerne is still largely unknown. However, the lake that surrounds it could yet harbour some clues. Archaeologists have long suspected that pile dwelling settlements existed around the lake by the city, but it was only during construction work in March 2020 that remains of a settlement were dug up from the bottom for the first time. This autumn, in view of the possible construction of an underground railway...

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Swiss trade union demands shorter work week

2021-12-07

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2021-12-07

Switzerland’s largest trade union issued a statement on Saturday demanding a “massive reduction” of working hours with full wage compensation for lower and income earners.

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Ransomware attacks on the rise in Switzerland

2021-12-06

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2021-12-06

Cyber-attacks are on the rise in Switzerland with 94 ransomware incidents reported in the first half of the year, according to the Sunday weekly Le Matin Dimanche.

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The highs and lows of living and working in Switzerland

2021-12-05

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2021-12-05

Last year foreign workers in Switzerland loved the quality of life but moaned about how hard it is to settle in. Have they since cracked how to befriend the allegedly surly Swiss? The Expat City Ranking 2021 lists both praise and peeves of newcomers.

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Two Swiss cities remain in top 10 most expensive globally

2021-12-04

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2021-12-04

The latest Economist Intelligence Unit (EIU) survey of the prices of 200 goods and services in 173 cities placed both Geneva and Zurich in the top 10 most expensive cities in 2021. Overall, the cost of living across these 173 cities has risen by an average of 3.5%, the highest inflation seen in the last 5 years.

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Swiss commodity traders control 2.7 million hectares of land worldwide

2021-12-04

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2021-12-04

Research by investigative non-profit Public Eye has revealed that trading companies with a Swiss presence – or their subsidiaries – own over 550 plantations covering over 2.7 million hectares.

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Swiss banks implicated in trading cartel investigation

2021-12-03

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2021-12-03

The European Commission has ended an investigation of five banks, including UBS and Credit Suisse, who colluded in a foreign exchange spot trading cartel.

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Omicron exposes our pandemic failures

2021-12-02

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2021-12-02

They say a week is a long time in politics – last week we discovered it’s a long time in a pandemic as well. We started the week anxiously watching the rising Covid cases in Europe, and wondering what new restrictions might be heading our way for Christmas.

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Majority of Swiss in favour of compulsory vaccination, according to poll

2021-12-01

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2021-12-01

According to poll results published over the weekend, 53% of those surveyed in Switzerland were in favour of making Covid-19 vaccinations compulsory, a percentage that rose to 69% for those working in the health sector, reported 20 Minutes.

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Swiss politicians join calls for Beijing Olympic Games boycott

2021-11-30

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Swiss politicians are among those calling for a diplomatic boycott of the Winter Olympics in China in February 2022, to protest China’s campaign of repression against Uyghurs and other minority groups, as well as its crackdown on Hong Kong. The alleged abuses against the mainly Muslim minority in Xinjiang include mass detention and torture. The US State Department and several European legislatures have classified the human rights abuses as...

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