Brought to you by Investec Switzerland. Heavy rain that risks causing flooding at lower altitudes in late January and early February is expected to bring snow to Europe’s pistes and potentially boost reservoirs for electricity generation. Rivers will likely flood in northern Spain and southern Germany, according to Accuweather Inc. There will be more snowfall […]
Thailand’s King Bhumibol’s life in Lausanne, Switzerland
88-year-old King Bhumibol Adulyadej of Thailand died today. Born in Cambridge in the US on 5 December 1927, while his father was studying public health at Harvard University, he later spent nearly 18 formative years in Lausanne. Roughly a year after arriving in Thailand in 1928, his father died of kidney failure. Then in 1933, […]
Swiss fact: Switzerland has one of the world’s lowest home ownership rates
In Romania, 96.1% of the population owns the home they live in. In Switzerland the percentage is 37.4%. Home ownership rates vary significantly across the country. The lowest rates are found in the canton of Basel-City (16.0%) and Geneva (18.3%). Relative to these two cities, home ownership abounds in Valais (57.2%), the highest. Vaud (31.4%), Zurich […]
App offering discounted restaurant leftovers, launches in Geneva
Millions of tonnes of food are thrown away every year. The smartphone app, Too Good to Go (TGTG), aims to solve this problem by offering leftovers at deep discounts. App users locate offers in their vicinity, pay for them by credit card, and pick them up within specified time slots, usually within half an hour of kitchens […]
Swiss central bank can cut rates further if needed, says bank president Jordan
Brought to you by Investec Switzerland. The Swiss National Bank can cut interest rates further into negative territory if needed, President Thomas Jordan said. “We have still some room to go further if necessary,” Jordan said Saturday in an interview in Washington with Bloomberg Television’s Francine Lacqua. Jordan, who is attending the annual meetings of […]
Switzerland gets its first snow of the season
20 Minutes. Parts of Switzerland were covered in snow this weekend as the snow line crept down to 900 metres in some regions. Appenzell-Innerrhoden had snow at this level, reaching 20 centimetres in depth in places. According to Sharon Satz, from Meteonews, this is quite normal. “It snows at this altitude nearly every year in mid-October. It’s not […]
Exploring Geneva in one day
Explore Geneva in one day? No way, right? Well yes. Here’s an itinerary. By Bill Harby Get up early and start your day at Cornavin, the main train station. Pick up delicious fresh pastries and coffee from one of the patisseries there. Stroll to the Pont du Mont-Blanc and cross where the lake feeds into the […]
Stocks fluctuated this week on central bank statements
7 October 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week mainly unchanged, outperforming global stocks modestly while markets fluctuated on speculation that the US Fed will increase interest-rate later this year. Global equity markets oscillated this week while the dollar strengthened, […]
Switzerland’s central bank offers a glimpse behind the curtain
Brought to you by Investec Switzerland. The Swiss National Bank is offering a rare look into how it sets monetary policy. A video of SNB President Thomas Jordan and fellow members of the governing board shows them beginning their quarterly policy assessment discussing the state of the economy with about 30 people. According to the […]
The world’s best restaurant keeps its three stars
24 Heures. In 2015, “La Liste” published a list of the world’s best restaurants. The Restaurant de l’Hôtel de Ville, in Crissier, near Lausanne, in Switzerland, grabbed the number one spot. A remarkable achievement. The restaurant still ranked number one. Then in early 2016, tragedy struck. The restaurant’s star chef, Benoît Violier, was found dead. He was supposed […]
