Le Matin. According to the Swiss newspaper Le Matin, from now on it is forbidden to cover your face in a public space in the Italian-speaking Swiss canton of Ticino. Following a successful popular vote to ban face covering in public in the canton in September 2013, the Canton’s government has now approved changes to […]
English language comedy comes to the shores of Lake Geneva
Brought to you by the Montreux Comedy Festival. Because laughter is a universal language, the Montreux Comedy Festival decided to pull together standup comedians from all corners of the globe. Among the Russian, German, Croatian, Korean and French speakers is a fine line up of English language comedians from the UK, Australia, South Africa, Dubai, Russia, […]
Swiss cement giant pledges higher dividend despite missing sales target
Brought to you by Investec Switzerland. The world’s largest cement maker, LafargeHolcim Ltd, which generated CHF 33 billion of revenue in 2014 and employs 115,000 people across 90 countries, pledged to pay shareholders a bigger dividend this year despite sales missing estimates in its first financial report since the world’s top two cement makers combined. The […]
Could Switzerland language divisions ever divide it?
Christophe Büchi discusses the country’s language divisions and why we should worry about Italian-speaking Ticino. Long time correspondent in French-speaking Switzerland for the Neue Zürcher Zeitung, the journalist and writer is fascinated by the complex relationship between Switzerland’s French and German speakers. He spoke with Thibaut Kaeser of Echo magazine about Switzerland’s language divisions and […]
Switzerland’s coldest places are not where you’d expect
If you woke up in Switzerland on Tuesday morning to find temperatures of -5 or -10 outside, then you are living somewhere relatively warm. According to Meteo Centrale, whose website lists the 20 coldest places every night, winter has truly arrived in Switzerland. Eleven of the places in Meteo Centrale’s top 20 coldest sit at altitudes above […]
Oil rig giant to delist from Swiss stock exchange
Brought to you by Investec Switzerland. Today, Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said it would delist its shares from the Swiss Stock Exchange (SIX). The company expects the SIX listing authorities to approve its application before the end of the year with delisting following in the first quarter of 2016. The company will remain incorporated in Switzerland […]
Swiss banks continue to shed workers
Brought to you by Investec Switzerland. EFG International AG, the Swiss private bank controlled by billionaire Spiro Latsis and his family, plans to eliminate 200 jobs to help cut costs by 30 million Swiss francs ($29 million) through 2016 to stem a drop in profit. Operating income and the revenue margin remain below expectations, with […]
Average Swiss household wealth continues to rise
On Friday the Swiss National Bank (SNB) put out new figures showing a rise in average Swiss net worth. The numbers show that total Swiss household wealth grew 4.4% to CHF 3.3 trillion in 2014. This figure includes real estate and financial assets – including pensions, less mortgages and other loans. At the end of 2014, […]
Who is Swiss Nova Insurance?
If you have received this flyer (shown below) in the post you might be asking: who is Swiss Nova Insurance? After searching the Swiss federal government website priminfo.ch and finding no insurance provider with this name the Le News team was wondering too, so we called the company on the mobile number listed on the brochure, and […]
Swiss market rallied despite Paris terror attack
20 November 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI rallied this week to outperform global stocks with Swiss companies benefitting from a weaker Swiss franc. Stock markets across the world are also set to end the week higher despite last week’s terror attack in Paris. Equities […]
