According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060. During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, […]
Self-employment declining in Switzerland
The percentage of Switzerland’s workers working for themselves has been slowly declining. In 2010, 13.7% of workers were self-employed. By 2017, the figure was 12.8% – self-employed includes those working as independents and those working for companies they own. Swiss (14.5%) are far more likely to be self-employed than foreigners (7.9%). This is partly explained […]
Swiss arms exports rose almost 18% in 2018
Switzerland exported close to 18% more arms over the first nine months of 2018 than it did in the first nine months of 2017, according to figures published by State Secretariat for Economic Affairs (SECO). According to the numbers, in the nine months to 30 September 2018, Swiss companies exported close to CHF 300 million […]
Swiss Rail plans to test free WiFi on trains
Swiss Rail announced on Thursday that it would test free WiFi, named FreeSurf, on certain routes next year with a plan to extend the offer to all major routes from 2020, according to RTS. Train passengers benefiting from the tests in 2019 will be those travelling on InterCity trains between Lausanne and St. Gallen, Geneva […]
Some Swiss Rail ticket machines set to disappear
Ticket machines once replaced many of the people selling ticket from counters. Now the internet and mobile phones threatens ticket machines. As more and more people dash past ticket machines with an electronic train ticket in their pocket, Swiss Rail is looking at phasing out some machines according to various newspapers including 20 Minutes. The […]
Swiss agricultural policy costs households 2,500 francs a year, according to study
Switzerland’s agricultural sector costs the country CHF 19.9 billion while contributing only CHF 3.4 billion, concludes a study published by the think tank Avenir Suisse. The CHF 19.9 billion cost is made up of tax breaks and direct federal and cantonal payments to the sector (4.9b), the cost of artificially inflated consumer prices due to […]
New long-haul budget airline from Basel launches fundraising
The idea is simple. Keep costs low by flying point-to-point, thus avoiding costly hubs, use one model of aircraft to contain pilot and aircraft maintenance costs, and charge passengers for everything from coffee to checked-in luggage. Southwest Airlines was first to launch the model and copycats like EasyJet followed. Now a new, yet to be […]
Switzerland ranked 11th for global arms exports
In 2016, Switzerland exported CHF 412 million of weapons, according to the Swiss Federal Audit Office (SFAO). This ranks Switzerland 11th globally, according to RTS. The five largest importers of Swiss weapons were Germany, South Africa, the US, India and Pakistan. Weapons exports made up only 0.14% of Switzerland’s total exports in 2016, said the […]
Daylight saving likely to go in Switzerland
After a public consultation where 84% of 4.6 million people across the EU called for an end to daylight saving, EU Commission President Jean-Claude Juncker said millions “believe that in future, summer time should be year-round, and that’s what will happen”. The European Parliament said it is “crucial to maintain a unified EU time regime”. […]
Young Swiss far less worried tech will take their jobs than in other countries
A recent report shows only 34% of young Swiss are concerned the jobs they take will eventually disappear compared to 79% in the US, 74% in Brazil and 76% in Singapore. The main worry is the impact of rapid technological change. Fear levels are mirrored in the response to another question: what kind of job […]
