Category Archive: 3) Swiss Markets and News

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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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Two votes launched against Swiss tax and pension mariage penalty

2022-10-23

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2022-10-23

In Switzerland, it pays not to be married. Married couples pay higher taxes and receive lower state pensions than unmarried couples. Two referenda were launched this week to change this, reported RTS.

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Mountaintop solar farms spark tensions in Switzerland

2022-10-22

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2022-10-22

Building large solar parks in high-mountain regions is arguably an effective way to produce more power in winter and accelerate the energy transition. But it remains controversial in Switzerland, where environmental groups have contested planned installations.

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Swiss state employee pay and numbers should be cut, argues party

2022-10-22

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2022-10-22

The Swiss People’s Party (UDC/SVP) argued this week that the CHF 6 billion spent on state employees should be cut, reported 20 Minutes.

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Switzerland sets out power contingency plans for winter

2022-10-21

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2022-10-21

The Swiss government has put forward plans to create reserve power plants aimed at shoring up the country’s energy supplies during the winter.

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SWISS expands capacity for summer flight schedule

2022-10-20

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2022-10-20

Swiss International Air Lines (SWISS) is planning to expand its flight schedule next summer to offer 85% of its pre-pandemic capacity. To this end, it is now busy recruiting flight attendants.

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Credit Suisse prepares Swiss business sales to raise capital

2022-10-20

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2022-10-20

Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around CHF4.5 billion, according to people briefed on the discussions.

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Credit Suisse pays $495 million to settle legacy case

2022-10-19

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2022-10-19

Credit Suisse has agreed to pay $495 million (CHF496 million) to settle a case brought against it in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation.

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Geneva taxi drivers strike in protest of Uber

2022-10-19

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2022-10-19

Dozens of taxi drivers staged a strike in Geneva to protest a decision by the authorities to allow the ride-hailing company to resume business in the Swiss city.

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Switzerland expects government surplus in 2022 and lower public debt from 2023

2022-10-18

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2022-10-18

After a roughly CHF 40 billion blow to Swiss public finances due to the Covid pandemic, Switzerland’s financial outlook is beginning to look positive, according to a recent government press release.

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Swiss state pensions to get a boost in 2023

2022-10-18

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2022-10-18

On 12 October 2022, Switzerland’s Federal Council announced an increase in state pensions from 1 January 2023 by 2.5%.

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‘On boards of directors diversity is essential’

2022-10-17

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2022-10-17

Cornelia Ritz Bossicard leads swissVR, an independent Swiss association of board members. She explains the role that boards of directors and their members play in steering businesses.

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Vast majority of Swiss mums in paid work in 2021

2022-10-17

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2022-10-17

In 2021, 82% of mothers in Switzerland were economically active, according to data published by the Federal Statistical Office (FSO) this week.

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Swiss want more transparency in fight against money laundering

2022-10-15

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2022-10-15

The Swiss government has asked the finance ministry to draft a bill to increase transparency of beneficial owners of legal entities to help tackle financial crime.

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Credit-default swaps: the case for the defence

2022-10-14

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2022-10-14

Vultures, rats and maggots are often the focus of disgust, less because of anything for which they can be blamed, and more because of the conditions with which they are associated. Death, disease and squalor carry a stigma that is hard to shake.

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New World Stage calls for overhaul of UN Security Council

2022-10-13

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2022-10-13

The United Nations' Security Council goal was to ensure the collective security of humanity. Seventy years after its creation the five-member council needs a massive shakeup if it is to address today’s challenges argues Hassan Nafaa, professor of Political Science at Cairo University.

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Dixit Joshi: the new Credit Suisse CFO facing a daunting challenge

2022-10-12

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2022-10-12

As daunting first weeks go, Dixit Joshi’s takes some beating. After a weekend of damaging speculation on social media about the impending collapse of Credit Suisse, Joshi started as the bank’s chief financial officer last Monday with its share price plumbing new lows and a gauge of default risk spiralling higher.

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Switzerland shares bank details with Nigeria for first time

2022-10-11

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2022-10-11

Five additional countries, including Nigeria, now benefit from an automatic exchange of banking information with Switzerland, taking the total to over 100 for the first time. 

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Uber to roll-out Swiss-wide ‘dual model’ for drivers

2022-10-10

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2022-10-10

The ride-hailing company says it will offer drivers the possibility of remaining independent or becoming official employees of a subcontractor firm.

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How to decrypt bitcoin for Wall Street

2022-10-09

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2022-10-09

The fluctuating price of bitcoin bears a repetitive hallmark: true believers hoard the vast majority of bitcoin in circulation and wait for the next wave of new disciples to push up the value by fighting for the scraps.

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Energy crisis acting as drag for Swiss economy

2022-10-08

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2022-10-08

The KOF economic institute has joined other forecasting agencies to lower its predictions for the Swiss economy. However, the experts do not expect a recession for the time being.

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