On Saturday a rare tornado was seen on Lake Zurich. Photographs and videos were taken by those who saw it and posted on Twitter. Tornados are rotating columns of air. They are caused when warm moist air meets cool dry air. When these two air masses meet, they create instability in the atmosphere – cold […]
Swiss and global market roundup – a volatile week
Weekly Swiss and global market roundup for 4 September 2015. Brought to you by Investec Switzerland. The Swiss Market experienced another volatile week of trading The SMI followed global markets lower again on Friday morning after a brief rally on Thursday. Equity markets remained turbulent throughout the week on fears… Read more. Draghi unveils QE […]
Swiss company news
4 September 2015 Brought to you by Investec Switzerland. Lindt & Spruengli CEO hungry for takeovers Lindt & Spruengli AG is seeking more acquisitions after buying Russell Stover Candies Inc., and the Swiss maker of premium chocolates is taking advantage of plummeting currencies to expand in Brazil and Russia. Future deals will be smaller than […]
U.S. rate hike & deepening China slowdown top of G20 agenda
4 September 2015 Brought to you by Investec Switzerland. Emerging-market policy makers are set to confront their twin fears in person. The prospect of higher U.S. interest rates alongside the deepening slowdown and devaluation in China are chilling investor sentiment toward the onetime powerhouses of global growth, roiling currencies and leaving the MSCI emerging market […]
Draghi unveils QE revamp
4 September 2015 Brought to you by Investec Switzerland. Mario Draghi unveiled a revamp of quantitative easing and signaled officials might expand stimulus if the rout in financial markets continues to weigh on growth and inflation. The European Central Bank president said in Frankfurt on Thursday that the Governing Council raised the share of bonds […]
Swiss Market experienced another volatile week of trading
4 September 2015 Brought to you by Investec Switzerland. The Swiss Market Index (SMI) experienced another volatile trading session this week, following global markets lower again on Friday morning after a brief rally on Thursday. Equity markets remained turbulent throughout the week on fears about the world’s economic outlook with China’s slowdown, the current market […]
Does the SwissPass protect your personal data? Questions are asked.
20 Minutes. According to the newspaper 20 Minutes, the national Councillor Jean Christophe Schwaab is asking how well the SwissPass protects your personal data. The recently launched SwissPass card, which can be used on Swiss trains, other transport networks and in ski areas is already being criticised. Councillor Schwaab has brought his concerns of privacy […]
Manor tracks customers using their mobile phones
2o Minutes. A Manor store in Basel analyses customer movements by accessing phone data via the wi-fi connections of mobile phones. Every smart phone emits a wi-fi signal along with the phone’s unique identifier or MAC address. Once the system has accessed the phone and picked up its MAC address, the phone and its user’s […]
On the spot fines for littering. Coming soon to a commune near you.
Tribune de Genève. “If you’re caught with your fingers in the jam, you’ll get a smack on the hand”1 said Marc-Olivier Buffat of the Liberal Radical Party (PLR). The new law will allow commune staff in the Canton of Vaud to issue on the spot fines of up to CHF 200. The proposal lodged in […]
Geneva should stop paying tax to France says the MCG
Tribune de Genève. The Geneva Citizens Movement (MCG), a political party known mainly for its outspoken views on workers who live in France but work in Geneva, is calling for a stop to transfers of tax money from Geneva to France. The initiative is part of their campaign for the Federal elections to be held […]
