On 10 January 2019, the Economist came out with its latest Big Mac index, which compares the price of a Big Mac around the world. The index uses the burger to compare the relative purchasing power of different currencies. Countries where Big Macs cost less than in the United States (in US$ terms) are deemed to […]
Archives for 2019
Swiss to vote on gun law changes
After the terrorist attacks in Paris in November 2015, the EU decided to tighten firearms laws in member states and nations with EU agreements, such as Switzerland. Unhappy, a group of gun owners decided to launch a referendum against the pending changes. According to the organizers, the required number of 50,000 signatures has been presented […]
Government looks at anti-sound radars in Geneva
A parliamentary commission in Geneva is considering developing a radar to measure vehicle noise. The motion, put forward by the Greens and supported by others, is aimed at the noisiest road users. 13 out of 15 political parties are in favour of the plan. Only the Swiss People’s Party (UDC/SVP) was against it. The party […]
FILM: CREED II – good old Sylvester Stallone keeps them coming
11 January 2019. By Neptune What a week…three completely different films…The first one about one of France’s finest writers, Edmond Rostand of the classic romance, “Cyrano de Bergerac”; the other a gentle, social comedy about a group of homeless women; and the last about a boxing family going back to the “Rocky” days. All worth […]
Running a Swiss business – changes in 2019
Nearly every year brings administrative changes for business owners and managers. The five most likely to be felt by Swiss SMEs this year are set out below. 1. Social insurance taxes The three main ones (AVS, AI, APG) remain the same in 2019. Together they come to 10.25% of salary, of which half is deducted […]
Federal council calls for more six-lane motorways in Switzerland
Currently, only 100 km (6.8%) of Switzerland’s national motorway network has six lanes – typically three in each direction. 1,311 km (90%) of the network has four lanes, with a remaining 47 km (3.2%) consisting of five lanes. According to NZZ am Sonntag, and reported in 20 Minutes, the Federal Council wants to expand the […]
Lenders pay to lend money to Switzerland
On 28 December 2018, Italy issued government bonds maturing in 2028 at an effective interest rate of 2.7%1. Interest rates like this combined with the scale of Italian public debt (157% of GDP) mean Italian taxpayers spend more on public debt interest than they do on education. In 2015, Italy spent 4.1% of GDP on […]
Nestlé now Europe’s most valuable company
Volatile markets have been reshuffling the ranking of the world’s most valuable companies. Over the course of the last six months, Nestlé overtook Royal Dutch Shell to become Europe’s most valuable company. At the end of June 2018, Royal Dutch Shell had Europe’s highest market capitalisation (US$ 293 billion), making it the world’s 13th most […]
Swiss yellow vests protest a flop
On 5 January 2019, a Swiss version of the recent gilets jaunes (yellow vests) protest in France was born. The plan, publicized on social media, was to meet at various train stations around the country and take the train to Switzerland’s capital Bern to protest. However, in Geneva, only three people turned up, according to […]
Death of child in skiing accident acts as reminder of the dangers of reckless skiing
The recent death of a young girl in a skiing accident in Lenk in Switzerland has reopened the debate on how to deal with dangerous skiers. On 28 December 2018, a four year old girl, who was hit by a skier at the resort of Lenk in the canton of Bern, died in hospital after […]
