In Switzerland, a typical adult female has sex with six people over the course of her life, while an average Swiss man has on average seven sexual partners. A survey conducted in July and August 2016 by Blick and Le Matin, conducted as part of the Swiss government sponsored “Love Life, Stop AIDS” campaign, designed […]
Swiss regulator does not want to loosen mortgage restrictions
24 Heures. Swiss financial markets regulator Finma is not planning to loosen mortgage lending directives, according to its director Thomas Bauer, after the bank Raiffeisen expressed a desire for looser lending rules. In an interview with Zentralschweiz am Sonntag, Bauer said that this could allow certain households to get mortgages that they wouldn’t be able to service […]
Swiss towns want to ban the distribution of the Quran
Le Matin. According to Le Matin, recent German government action against salafistes is pushing the Swiss authorities to act. According to Tages Anzeiger, some Swiss towns have already taken action. The town of Brugg in the canton of Aargau banned distribution of the Quran in 2012. “It seems that radical islamists were behind it” explained the town’s […]
SMI up on post Trump rally
18 November 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss stocks continued to rise this week, in line with other global stocks thanks to a strong performance from financials which gained as investors weighted the prospects of higher interest rates in the US. Stocks in the financial sector advanced after […]
The snow has arrived early. Many resorts are open this weekend.
This season, Snow has come early to Europe. Generally speaking the snow above 1,500 metres is good and above 1,800 it is even better. Speaking to 24 Heures, Pierre Besson, director of the lift company Télé Villars-Gryon-Diablerets, said there is around 90 cm of snow at this altitude. All of this snow means that some […]
Geneva unveils big tax changes
Le Matin. After nearly ten years of European Union opposition to preferential company tax deals, Switzerland’s government agreed in 2014 to do away with such arrangements. Under current rules Swiss cantons can offer preferential tax rates to certain companies, mostly multinationals with most of their activity abroad. In Geneva, these special rates mean certain companies pay tax […]
Swiss eat poorly and excessively, according to government survey
A recent study by Switzerland’s Federal Food Safety and Veterinary Office (FSVO) found that 43% of Switzerland’s population was overweight or obese. Of these 30% were overweight and 13% obese. This rate of obesity was the same as the global average in a 2014 study. The research, which used the Body Mass Index (BMI) to measure levels of obesity […]
China fines Swiss-based packager Tetra Pak for breaking monopoly rules
Brought to you by Investec Switzerland. According to Reuters, following an investigation, China’s State Administration for Industry and Commerce (SAIC) said, it found out that Tetra Pak violated some provisions in China’s anti-trust law and will impose a fine of 668 million yuan ($97 million) on Tetra Pak for “abuse of dominant market position”. The […]
Swiss National Bank won’t cut record low interest rate again, survey shows
Brought to you by Investec Switzerland. The Swiss National Bank, which has the lowest interest rate among the world’s major central banks, may be done cutting. SNB President Thomas Jordan and his fellow policy makers will keep the deposit rate unchanged at minus 0.75 percent until at least the end of the first quarter of […]
Swisscom promises to put an end to unwanted sales calls
Swisscom’s fixed line (remember those) customers will be given the option of blocking unwanted calls from 28 November. The service will be free and can be activated by checking a box online or by calling the Swisscom hotline (0800 800 800). Sunrise and UPC are expected to follow Swisscom by mid 2017, according to 24 […]
