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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Data centres account for 4 percent of Swiss electricity usage

2023-01-09

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2023-01-09

Data centres are expanding rapidly in Switzerland, with such facilities already accounting for 4% of national energy – more than the farming sector.

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Davos apartment rental prices spike ahead of WEF

2023-01-07

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2023-01-07

Visitors travelling to the mountain town of Davos for this month’s World Economic Forum (WEF) could face pricey rates, according to Swiss media. The Schweiz am Wochenende newspaper writes on Saturday that a three-bed studio in the canton Graubünden town costs CHF2,600 ($2,800) per night during the WEF, runs from January 16-20. With service charges and cleaning, this comes to CHF15,000 for the five nights of the event, the paper writes.

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Uber side-stepped Swiss rules, says whistleblower

2023-01-07

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2023-01-07

A former top lobbyist for Uber says the firm wilfully ignored regulations when it began operating in Switzerland in 2013. Uber says it has since updated its working model. By choosing to act first and apologise later in implementing its gig-economy model, Uber “massively undermined” democracy in many countries, including Switzerland, former lobbyist Mark MacGann told Tamedia newspapers on Saturday.

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Swiss examine Covid test obligation for travellers from China

2023-01-06

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2023-01-06

While countries around the world impose curbs on travellers from China as Covid-19 cases there surge, the Swiss authorities are still weighing up possible measures. On Wednesday health experts from the 27 EU member states couldn’t agree on compulsory testing for travellers from China, but they strongly recommended it.The EU health experts also recommended, among other things, that medical or FFP2 masks be worn on aircraft from China.The...

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Thank You!

2023-01-04

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2022 was a colourful, challenging year for SWI swissinfo.ch. Here's a taste of some of the reports we produced, and products we launched. We want to thank you for supporting us, and look forward to new adventures in 2023. Happy NewYear! --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles,...

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Over 50,000 new Swiss companies were founded in 2022

2023-01-04

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2023-01-04

A total of 50,015 companies set up in Switzerland last year thanks to a late surge in the last quarter. The number of new firms entering the marketplace has remained stable. The total corresponds to a drop of 1% compared to 2021 and an increase of 7% compared to 2020, according to data from commercial registers compiled by Help.ch published on Tuesday. 

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Ukrainian paintings showcased in Switzerland

2023-01-03

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The Kunstmuseum Basel has tweaked its programme to welcome 49 paintings brought out of Ukraine. The exhibition was organised in collaboration with the Kyiv Picture Gallery and will be open until April 30, 2022. "When the war broke out, all the colleagues from the museum in Kyiv packed the works and tried to close the windows to bring as much security as possible to the building," said Osadtschy. The national gallery's director started...

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Electric cars continue to gain ground in Switzerland

2023-01-02

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2023-01-02

Around one in four new cars purchased last year in Switzerland were either 100% electric or plug-in hybrid models. The country’s best-selling model was an electric car: the Tesla Model Y, the Swiss eMobility association reported on Monday.

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Switzerland could hit the 9 million population mark

2023-01-01

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2023-01-01

The Swiss population is set to surpass the 9 million mark in 2023, according to calculations by the SonntagsZeitung.

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Switzerland in 2023: New year, new laws

2023-01-01

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2023-01-01

From getting a drone licence to paying for Covid tests, here’s a selection of ten legal tweaks that came into force in Switzerland on January 1. AIRLINES: Passengers can claim more compensation for delayed or lost luggage – up to around CHF1,640 ($1,770). Previously it was CHF1,520. The tedious paperwork hasn’t changed, however.

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Accessing cancer treatment in Kenya

2022-12-27

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We met Lucia Syokau Muli in Makueni, south of Nairobi: she found out she had breast cancer at the age of 27. She explained us how she is dealing with her diagnosis and the challenges she faces accessing treatment. Cost is one of Lucia’s biggest worries, she tells SWI when we meet outside the Empower cancer clinic at the county hospital. The biggest financial strain is the recurring cost of trastuzumab, which Swiss pharma firm Roche sells as...

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Companies invest more money in R&D in Switzerland

2022-12-20

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2022-12-20

Firms invested CHF16.8 billion ($18 billion) in research and development (R&D) activities in Switzerland last year, a 4% increase compared to 2019.

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Price manipulation to be banned in Swiss energy sector

2022-12-20

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2022-12-20

Switzerland plans to enact laws to prevent price manipulation and insider trading in its domestic energy markets.

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Growth forecasts for Switzerland lowered further

2022-12-20

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2022-12-20

Growth forecasts for Switzerland have been revised downwards for the current year and 2023 by the KOF Swiss Economic Institute, amid fears of a global recession and the war in Ukraine. The economists also changed their predictions for inflation.

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Swiss defy inflation to splash out on Christmas gifts

2022-12-19

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2022-12-19

Swiss consumers have budgeted more for Christmas presents this year despite the growing spectre of inflation. The average shopper plans to splash out CHF343 ($367) on presents, up CHF9 from the average spend in 2021.

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How the Swiss extract gold from rubbish

2022-12-16

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2022-12-16

Switzerland is the global leader in metal recycling, a lucrative business that attracts international interest. We visit a pioneering Swiss waste disposal and recycling plant with a delegation from Japan.

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‘Just another cheque’: Saudi National Bank’s move into Credit Suisse

2022-12-15

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2022-12-15

When Credit Suisse asked its board member Michael Klein to find capital to help its painful restructuring push, the former Citibank executive with ties in the Middle East ended up in a series of meetings with a powerful Saudi bank little known outside the Gulf.

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Holcim divests cement business in Russia

2022-12-15

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2022-12-15

Swiss cement giant Holcim said on Wednesday it would leave Russia, adding that the business there would then operate independently under a different brand.

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Swiss food giant Nestlé to open new factory in war-torn Ukraine

2022-12-14

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2022-12-14

The Swiss multinational Nestlé says it will invest CHF40 million ($42. million) to launch a new production facility in western Ukraine.

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New Swiss rail timetable expands offer to tourist regions

2022-12-13

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2022-12-13

Swiss Federal Railways has launched a new timetable, which offers more regional services and direct links between eastern and western Switzerland, and additional connections to popular tourist regions.

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