This coming Sunday, 25 September 2016, has been designated a car free day or “Journée sans ma voiture”. This means the main waterfront roads will be closed to traffic from 6am until 5pm. Closed streets include: L’avenue de France. Le quai Wilson. Le quai du Mont-Blanc. Le quai des Bergues. Le quai Besançon-Hugues. Le pont du Mont-Blanc. […]
Julius Baer CEO says Asia revenue may excede Europe’s in 5 years
Brought to you by Investec Switzerland. Julius Baer Group Ltd. said Asia may overtake Europe as its biggest revenue-generating region, as the Swiss wealth manager steps up hiring in Hong Kong and Singapore. “In the next five years, Asia could be the biggest region for us if we grow at double-digit” rates, Chief Executive Officer […]
Swiss still the world’s wealthiest, says report
Largely due to a flood of central bank liquidity, global private financial assets have grown by 61% over the seven years since the financial crisis, almost twice the growth rate of economic output, says a report from the German Insurance giant Allianz. This has boosted the wealth of those who own shares. Those relying on interest, […]
Swiss economy slowly gains momentum but risks remain
Brought to you by Investec Switzerland. In a report published by SECO, a group of economy experts working for Switzerland’s federal government, says it anticipates an acceleration in economic growth in Switzerland from 0.8% in 2015 to 1.5% in 2016 and 1.9% in 2017. Along side this they expect unemployment to rise from 3.3% in 2015, […]
Swiss watch exports fall for fourteenth straight month
Brought to you by Investec Switzerland. Swiss watch exports fell in August as demand weakened from Japan to the U.S., extending the industry’s slump to fourteen months. Shipments dropped 8.8 percent to 1.4 billion francs ($1.4 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday. The slowdown has spread from Asia […]
School authority confirms sanctions against pupils refusing to shake teacher’s hand
Le Matin. In April this year a secondary school in Therwil, not far from Basel, exempted two school pupils from the customary Swiss handshake between teachers and pupils. Because their teacher is a woman, the two male pupils requested an exemption on religious grounds. After triggering a wave of indignation, the decision was reversed. In response, the parents […]
Geneva airport false alert costs culprit 90,000 francs
20 Minutes. In July, sparked by jealousy, a woman living near Annecy in France, falsely warned that someone was carrying a bomb in the French sector of Geneva’s airport. Her motive? To prevent her husband’s mistress departing on holiday to Turkey. In response to the call, the airport was put on maximum alert, and police […]
Ochsner Sport under the spotlight after false discount labelling claim
One of Ochsner Sport’s customers was surprised by what they found when they peeled off a discount price sticker. According to the consumer watchdog, Fédération romande des consommateurs (FRC), a customer who bought a headlamp from the Ochsner Sport store in Nyon in December 2015, discovered an old price label under the one showing the discounted […]
Montreux to Gruyères on the chocolate train. Switzerland’s most delicious trip.
By Bill Harby Sorry Willy Wonka, but you won’t want to eat your mode of transportation on The Chocolate Train tour. However, yes, before the day is out, you will taste delicious Swiss chocolate and cheese, and still have time to explore one of the country’s most interesting medieval towns. The Chocolate Train is one […]
Swiss stocks drop on volatility spike
16 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week notably weaker along with global equity markets as fears around global monetary policy hit sentiment ahead of key meetings by the Bank of Japan and US Federal Reserve next week. The […]
