Brought to you by Investec Switzerland. The Swiss National Bank owned more shares of Apple Inc., Microsoft Corp. and Exxon Mobil Corp. in the third quarter, taking its U.S. equity portfolio to $38.95 billion. Switzerland’s central bank held 10.3 million shares in the iPhone maker on Sept. 30, according to a regulatory filing made to […]
Could Switzerland’s speed limit go up to 140 km per hour?
Le Matin. That is the hope of a group collecting signatures for a national vote on the subject. They would like to see the maximum speed on Swiss motorways increase from 120 km/hour to 140 km/hour. Last Friday the vote’s initiators, a group of seven young people from Zurich, claimed to have collected 90,000 of […]
A jihadist could lose his Swiss nationality
20 Minutes. For the first time the Swiss State Secretariat for Migration (SEM) is considering taking the Swiss passport from a dual national who went to do jihad in Syria. The SEM opened an inquiry, which can be found in the recent federal task force report on terrorism. “When an individual has their Swiss nationality […]
Much higher risk of childhood leukaemia near highways
A Swiss study released yesterday shows the health risks of living near a highway. The study by the Bern based Institute of Social and Preventative Medicine (ISPM) found that young children living less than 100m from a highway are at a substantially higher risk of leukaemia. Traffic emissions contain known carcinogens, such as benzene and […]
A look inside the IKEA houses Switzerland plans to use for refugees
20 Minutes. Instead of housing refugees in army tents, one Swiss canton has decided to experiment with flat-pack IKEA houses. They cost around CHF 1,000 and can be put up in four hours. With a floor area of 17.5 m2, each one is designed to shelter five people. One of the biggest problems with tents […]
Bubble risk in Swiss property market stays elevated, UBS says
Brought to you by Investec Switzerland. Risks to the Swiss real estate market remained “practically unchanged” at a risky level in the third quarter, kept in check by stagnant nominal owner-occupied home prices and declining investment demand for condominiums. The UBS Swiss Real Estate Bubble Index rose to 1.38 points in the three months through […]
Mayor of Nyon throws his hat into the ring for 2016 elections
Daniel Rossellat, the current mayor of Nyon, throws his hat into the ring again, announcing this morning that he intends to run for mayor of Nyon in 2016. Known also as the organiser of the Paleo music festival, he has been the town’s mayor since 2009. Born in 1953 in the town of Yverdon-les-Bains he […]
5 myths about Switzerland
1. Swiss people work a lot An average Swiss worker spent 1,568 hours working in 2014, 11% fewer hours than the OECD average of 1,770. Workers in Greece (2,042), Portugal (1,857), Ireland (1,821), Italy (1,734) and the United Kingdom (1,677), all spent more hours at work. How Switzerland leads Europe on youth employment (Le New […]
Huge losses for Swiss National Bank
Brought to you by Investec Switzerland. The Swiss National Bank reported a loss of 33.9 billion francs ($34 billion) for the first nine months of the year, blighted by its foreign-currency holdings. The franc has rallied this year due to the SNB’s decision to remove its currency cap, resulting in exchange-rate related losses of 31.4 […]
More plane noise for some: Geneva airport’s new flight paths
From 31 March 2016, flight paths in and out of Geneva airport will change. The changes are part of an effort to harmonise flight routes across Western Europe. The new paths are intended to reduce fuel consumption and emissions, improve safety, and coordination between air traffic controllers across FABEC (Functional Airspace Block) countries, which include […]
