Brought to you by Investec Switzerland. Currency markets just won’t cooperate with Thomas Jordan. When the Swiss National Bank president repeated a warning for buyers to steer clear of the “significantly overvalued” franc last week, the impact of his words was blunted by a European Central Bank pledge to reassess its stimulus plan. Switzerland’s currency […]
SMI breaks 9,000 despite disappointing results
6 November 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI broke through the 9,000 barrier for the first time since August this week, despite weak company news, after the Swiss franc fell sharply against the dollar and pan-European cyclical stocks outperformed on expectations that the European Central […]
Ageing wine – a cellar might not be the best place
This week’s wine is one from the Badoux wine team, quite an innovative crew. Lettres de Noblesse 2012, Merlot d’Yvorne Badoux Vins, Aigle It’s not just Bordeaux and Ticino who can produce great Merlot, it’s also Yvorne, a small, wine growing area in the Aigle district of the Chablais wine region in Vaud. 100% Merlot, […]
Is this Switzerland’s next FIFA scandal?
The FIFA corruption scandal may be growing steadily worse, but yet another Swiss-based organization may not be far behind. The European Broadcasting Union (EBU), which manages the Eurovision Song Contest, has come up with its own version of hidden agendas, lack of transparency and blatant conflict of interest. Essential Edge co-editor Edward Girardet explores the issues. […]
This week’s reviews: Le Fils de Saul, Look of Silence, The Walk, Burnt
5 November 2015. Neptune Ravar Ingwersen reviews film extensively for publications in Switzerland. She views 4 to 8 films a week and her aim is to sort the wheat from the chaff for readers. Not to be missed Starting this Friday 6 November and running until 14 November 2015 is the Geneva International Film Festival, […]
The Swiss National Bank’s growing stakes in US companies
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 […]
