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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.
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Swiss social spending up nearly 60 percent in 20 years

2021-07-06

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2021-07-06

In 1999, social expenditure in Switzerland was CHF 13,370 per resident. By 2019, the same figure had reached CHF 21,300, a rise of nearly 60%. Over the same period, total inflation was around 11%. Applying inflation to CHF 13,370 brings the figure to CHF 14,480. Why has the cost risen beyond this and how has the extra spending been funded?

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Covid: Swiss Government sets out Autumn Scenarios and Measures

2021-07-06

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2021-07-06

On 30 June 2021, Switzerland’s Federal Council discussed ways of preparing Switzerland for the autumn and winter months and a possible renewed rise in the number of coronavirus cases. From the meeting ministers produced a report setting out various scenarios and response plans.

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Swiss to keep Sipping from Single-Use Plastics as EU Ban takes Effect

2021-07-05

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2021-07-05

Single-use plastic items like straws and cups are no longer allowed in the 27 European Union countries. This isn’t the case in non-member Switzerland, where retailers and restaurants are taking their own approach. The EU ban on certain plastic products took effect on July 3 and covers a range of everyday items from food packaging to wet wipes.

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Banks Urged to think Green or Face Extinction

2021-07-04

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2021-07-04

Climate change is forcing financiers to change the way they think and act. This could have a big impact on their balance sheets - and potentially their very survival. “Bankers are no longer purely financial specialists, but also connoisseurs of the environmental and social footprint of investments,” said Yves Mirabaud in his last speech as president of the Association of Swiss Private Banks in June.

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Swiss Meat and Eggs often not very Swiss

2021-07-03

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2021-07-03

Any animal raised and slaughtered in Switzerland can be labelled Swiss. However, what the animal has been fed could be from anywhere. If animals are what they eat then much of the meat and eggs labelled Swiss aren’t very Swiss.

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Swiss Roaming Charges to Fall on 1 July 2021 but the Roaming Minefield Remains

2021-07-02

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2021-07-02

On 1 July 2021, Switzerland’s revised telecommunications law came into effect. The new rules force mobile providers to make certain changes to deals they offer customers when roaming. Some of the resulting changes are positive, but not all. In addition, some operators have retained bundles that don’t comply with the new rules.

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Swiss Government Sets Sights on F-35A Fighter Jet Fleet

2021-07-01

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2021-07-01

The Swiss government wants to upgrade the country’s air defence system by buying 36 F-35A fighter aircraft from United States manufacturer Lockheed Martin and five Patriot surface-to-air missile units from another US firm Raytheon.

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CEOs Profit as Workers Suffer from Pandemic, says Union

2021-06-29

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2021-06-29

While the Covid-19 pandemic has caused existential hardship for many employees, CEOs and shareholders have “shamelessly helped themselves”, according to a union study. “The pay gap remains wide open at a very high level,” trade union Unia wrote in its annual pay gap studyExternal link published on Tuesday.

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UBS Boss says Switzerland is Falling Behind on Structural Change

2021-06-28

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2021-06-28

Swiss banks have some catching up to do when it comes to structural change and digitalisation, says Ralph Hamers, CEO of Swiss bank UBS. In his opinion structural change has taken place much faster in other countries and industries than in Switzerland.

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Airbus Launches Counter-Offensive on Fighter Jet Contract

2021-06-28

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2021-06-28

Ahead of the Swiss government’s decision on a major fighter jet contract, Airbus has made an appeal to the Swiss government to choose a European firm after leaked information from the government revealed US firm Lockheed Martin was out ahead of competitors.

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Switzerland’s Battle of the Bees

2021-06-27

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2021-06-27

The risk to bees through pesticides and the ensuing effects on the world’s food crops have been the source of much debate. But do Swiss measures to support the domestic honeybee disadvantage the equally important wild bee?

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‘Switzerland can’t have its cake and eat it,’ says EU ambassador

2021-06-27

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2021-06-27

After rejecting the framework agreement with the European Union last month, Switzerland must now choose the model for interacting with the bloc’s internal market, says the EU ambassador to Switzerland. In an interviewExternal link with Le Temps newspaper on Friday, Petros Mavromichalis warned that the status quo was not an option for the EU.

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Switzerland to open mass events and nightclubs to those with Covid certificates

2021-06-26

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2021-06-26

On 23 June 2021, Switzerland’s government announced that it was loosening a wide range of Covid-19 restrictions from Saturday. From Saturday, 26 June 2021 rules on nightclubs, large events, remote working, education and restaurants will be loosened. In addition, it will become easier for travelers to enter Switzerland.

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Covid: Swiss cases down 44% this week as Delta looms

2021-06-25

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2021-06-25

This week, 880 new Covid-19 cases were recorded in Switzerland, down 44% from the week before (1,576). The daily number of cases on a 7-day rolling average is now 126. During the week, 22 people were reported being admitted to hospital in Switzerland with Covid-19.

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How the Swiss-based WHO BioHub is preparing for future pandemics

2021-06-25

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2021-06-25

The creation of a global repository in Switzerland to store, analyse and quickly share viruses and pathogens among laboratories around the world will better prepare us for the next pandemic, says a biologist working at the future BioHub site.

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Steady increase of cross-border workers continued in 2020

2021-06-24

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2021-06-24

The number of cross-border workers plying their trade in Switzerland has more than doubled since the mid-1990s. The rising trend continues, increasing by over 4% between 2019 and 2020. At the end of 2020, some 343,000 cross-border workers were employed in Switzerland, up from 329,000 in December 2019, the Federal Statistical Office (FSO) said on Thursday.

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Swiss turning to new payment methods, but cash is still king

2021-06-23

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2021-06-23

The use of debit cards continues to increase but cash remains the most popular payment method in Switzerland. A survey by the Swiss National Bank (SNB) found that 97% of respondents keep cash in their wallets or at home to cover day-to-day expenses, while 92% own a debit card and 78% hold a credit card, according to a press release External linkon Wednesday.

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Covid-19 sent Swiss Energy Consumption Plummeting in 2020

2021-06-22

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2021-06-22

The Swiss consumed almost 11% less energy last year due to the Covid-19 pandemic and warmer weather, according to the Federal Office of Energy. In total, Swiss residents used up 747,400 terajoules (TJ) of energy in 2020 – a fall of 10.6% compared to 2019 - the office said in a statementExternal link on Monday.

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Swiss Cities Demand end to Opaque Cantonal Tax Competition

2021-06-22

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2021-06-22

The proposed 15% minimum corporate tax rate is an opportunity for Switzerland to unite its tax code for the better, says an organization representing Swiss cities. City finance directors have criticized cantons for trying to plug expected tax gaps unilaterally, rather than find a common approach nationwide.

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Covid: Delta variant does not worry Swiss vaccination commission

2021-06-21

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2021-06-21

Switzerland is well prepared to take on the Delta variant, said Christoph Berger, head of Switzerland’s federal vaccination commission. Based on what we currently know, there is no need to be concerned, he said, reported RTS.

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