Tag Archive: Business

Traffic noise increases risks of heart illnesses and diabetes

Traffic noise from cars, lorries, trains and planes can have negative health consequences, such as increased risk of heart-related illnesses and diabetes, according to a long-term study of the impact of noise pollution on the Swiss population....

Novartis chief cools on US after visa crackdown

Novartis has rejected overtures from United States President Donald Trump to increase jobs in the US, citing work visa restrictions as a reason. In a newspaper interview, chief executive Joe Jimenez said Switzerland and Europe were more attractive for...

Bond Yields – “You Ain’t Seen Nothin’ Yet”

If You Only Look At One Chart… Time is short, so here is one chart to get you thinking in a new direction. Velocity of Money (M2) M x V = P x T. Velocity and inflation will continue to fall as long as debt compounds faster than GDP growth. The secular...

Swiss rail experiments with first-class upgrades

Should second-class travellers be upgraded to first for less than cost-price?(KEYSTONE/Urs Flueeler) A trial project on Swiss trains has allowed passengers to enjoy cheap upgrades while relieving congestion in crowded carriages....

New Actelion CEO feels adrenaline rush

The American pharmaceutical multinational, which operates more than 250 companies and paid $30 billion to take over the relatively small Actelion, put Jane Griffiths of Britain in charge of running its newest Swiss acquisition.

Concern over pesticides in drinking supplies

Higher-than-normal levels of pesticides have been found in 20% of the nation’s drinking water supplies from groundwater, prompting industry calls for tougher action to cut the costs of treating the water.class='lead-text'>A fifth of the samples seen in...

UberPop drivers in Zurich operating outside the law

UberPop drivers who do not hold an official professional taxi licence are operating illegally, according to the government in Zurich. They need to get a permit or risk facing punishment. Even if they readily meet the conditions set by Uber – having a...

Parking clampdown in Zurich yields windfall

Traffic police issued 21% more parking tickets in Zurich last year as the city dropped its ten-minute grace period for tardy motorists. The policy change was largely responsible for a CHF3.3 million ($3.4 million) penalty bonus that seems to have taken...

Swiss remain top of world innovation ranking

Switzerland is the leading nation for innovation for the seventh year in a row, according to the Geneva-based World Intellectual Property Organization (WIPO). The other countries in the top five for 2017 were Sweden, the Netherlands, the United States...

“It’s A Perfect Storm Of Negativity” – Veteran Trader Rejoins The Dark Side

After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means the rally is about to...

Swiss state pension fund stops investing in arms firms

The leading Swiss state pension fund, Publica, has announced that it plans to disinvest from five weapons companies. This follows a national campaign by a responsible investment pension group to blacklist 15 international arms firms.

Swiss holiday homes becoming cheaper to buy

The cost of owning a holiday home in the Swiss Alps has declined appreciably in many towns and villages in the last five years. The biggest falls in property prices have been observed in the last 12 months, according to UBS bank researchers. Prices...

Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales

After a tumultous week in the world of politics, with non-stop Trump drama in the US, a disastrous for Theresa May general election in the UK, and pro-establishment results in France and Italy, this is shaping up as another busy week ahead with...

New Gold Pool at the BIS Switzerland: A Who’s Who of Central Bankers

A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as the London Gold Pool.

Bombardier to downsize Swiss operations

Canadian plane-maker Bombardier will cut about 650 jobs in Switzerland by the end of 2018, the largest Swiss trade union said on Thursday. The job cuts, which include almost 500 temporary postings, will come from Bombardier facilities in Villeneuve and...

Is the Central Bank’s Rigged Stock Market Ready to Crash on Schedule?

We just saw a major rift open in the US stock market that we haven’t seen since the dot-com bust in 1999. While the Dow rose by almost half a percent to a new all-time high, the NASDAQ, because it is heavier tech stocks, plunged almost 2%.

Renewed debate over banking laws for expats

New efforts are underway in parliament to ensure that the Swiss abroad can keep banking and other aspects of a financial life in Switzerland. Since the 2008 global financial crisis, an increasing number of Swiss citizens in other countries have been...

Biking still faces uphill battle in Switzerland

As the bicycle celebrates its 200th year, advocacy group Pro Velo Switzerland says there is still a lot of unfulfilled potential when it comes to Switzerland’s use of the two-wheeled mode of transport.On June 12, 1817, a German aristocrat named Karl...

Few tenants take advantage of rent controls

Anyone who rents a home in Switzerland (more than 60% of households) could qualify for a rent reduction after the Federal Housing Office reduced the reference rate on June 1. However, not everyone bothers to ask, and not all those who do get a positive...

World’s longest railway tunnel victim of own success

Almost 10,000 passengers and around 67,000 tonnes of freight pass through the 57-kilometre-long Gotthard Base Tunnel each day. Opened a year ago on June 1, the Gotthard's success is putting the structure to the test.
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