The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008. Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten […]
Switzerland moves closer to female board quotas
This week, Switzerland moved closer to requiring minimum percentages of women on company boards and management teams. A parliamentary commission came out in support of the Federal Council’s plan to require greater gender balance in the boardrooms of Switzerland’s large listed companies. A commission majority (14 versus 11) would like to see a minimum of […]
One billion franc Swiss winter Olympic bid sparks backlash
On Wednesday, Switzerland’s Federal Council said it would stand behind the country’s winter Olympic bid to the tune of nearly one billion francs, according to newspaper 20 Minutes. The town of Sion, in Valais, is throwing its Olympic hat into the ring as the centerpiece for the 2026 winter games. Other cantons would also host […]
Swiss mobile roaming charges – a glimmer of hope
Switzerland’s federal council, the country’s seven-person executive or cabinet, has come up with a plan to cut those exorbitant mobile roaming phone bills that many of us return home to after trips abroad, an experience which hurts even more now roaming charges have been eliminated for EU residents. The roaming proposal is part of a […]
The number of Swiss brewers continues to rise despite declining beer consumption
A recent report shows a 2% drop in average Swiss beer consumption in 2016. Over the last 20 years it has dropped 4% to 54.9 litres per person. On its own this would be no cause for alarm, however in 2016, the number of breweries in Switzerland rose by 21% to 753. Since 2011, the […]
Swiss retailers called on to remove palm oil from their products
Two Swiss NGOs have started a petition calling for Swiss retailers to reduce or remove palm oil from their products. Present in many processed foods, cosmetics and detergents, the ingredient has a bad reputation. The NGOs Bread for All and the Swiss Catholic Lenten Fund want to see a reduction in palm oil consumption. They […]
Swiss employee associations not opposed to a 60 hour week
Swiss employee associations are not opposed to a 60 hour week. Several parliamentary initiatives aim to loosen Swiss labour rules. The first aims to allow staff and employers more flexibility regarding hours worked and time off. The second aims to loosen rules on recording hours of work by managers and specialists. Another initiative aims to […]
Swiss gender pay gap only 2 percent, says study
A report published by the head hunting firm Korn Ferry finds pay differences between men and women doing the same job are statistically insignificant. The report says that while it is true that, as a group, women get paid less than men, it is not because they receive less for the same work. It is […]
Halal and kosher meat might fall under proposed Swiss animal cruelty import restrictions
20 Minutes. A motion adopted by Switzerland’s parliament on 7 June 2017 proposes halting the import the meat of mistreated animals. The work of Matthias Aebischer, a socialist member from the canton of Bern, was originally focused on foie gras, frogs legs and fur, but there are now suggestions his motion might include animals slaughtered […]
Balls or burgers – insect products coming to Swiss supermarkets soon
Would you eat balls made from insects? Last year the Swiss supermarket Coop applied for authorisation to sell insect based products. Then on 14 August 2017 it announced a limited number of its stores and its delivery service Coop@home would start selling the products from 21 August 2017, phasing the products in across other stores between […]
