The official French presidential election results place Emmanuel Macron (23.8%) and Marine Le Pen (21.5%) in first and second places in the first round of the French presidential race. The run off between these two will take place on 7 May 2017, when most forecasters expect Macron to win and become France’s next president. How votes […]
Close to a fifth of Swiss workers think corruption widespread, says survey
A survey conducted by the advisory firm EY shows a rise in perceived corruption in the workplace in Switzerland. 18% of workers surveyed by the firm in Switzerland now think bribery and corruption are widespread in the country. While high this figure is well below the 33% average for Western Europe and the 51% average […]
Big bonuses contrast big losses at Credit Suisse, despite bonus haircuts
The management of Credit Suisse Credit Suisse reduced their bonuses by 40% after severe criticism from shareholders. The reduction amounts to around CHF 20 million. Some are still outraged. The group made a loss of CHF 2.7 billion in 2016 and one of CHF 2.9 billion in 2015. In an interview published in Le Matin […]
Swiss employers continue to discriminate against over 50s
Travail Suisse, an association representing Swiss employees, highlights once more the age discrimination faced by those over 50 in the Swiss job market. In March 2017, 26.8% of unemployed in the this age group had been without work for more than a year, compared to 2.3% of those between 15 and 24 and 14.1% of […]
Swiss federal tribunal refuses to help French tax authorities
Tribune de Genève. The French tax authorities will not get Swiss help to investigate tax payers identified in data taken by Hervé Falciani from HSBC private bank in Geneva. HSBC, owner of the private bank in Geneva, which became part of HSBC in 1999 when it was acquired from Republic National Bank, a group run by Lebanese-born financier […]
Swiss chef wins world’s best restaurant award
24 Heures. A Swiss chef from Aargau came first in this year’s ranking of the world’s 50 best restaurants. Daniel Humm, co-owner of the restaurant Eleven Madison Park, comes from Strengelbach in Switzerland, and earned his first Michelin star at 24. In 2003, he moved to the United States to become a chef at Campton Place […]
Paris says no to sand from Swiss company that bid for Trump wall
Le Matin. The French-Swiss group, described as “disreputable” by the Ville de Paris, will not be supplying sand to the city of Paris this summer. Paris Plages (Beaches), a project that creates temporary beaches of sand along the banks of the river Seine every summer, said it would take no more sand from LafargeHolcim because […]
The real reason Swiss drugs are so expensive
24 Heures. In Switzerland, a 16-pack of 500mg Dafalgan Odis (Paracetamol) costs CHF 8.60. A comparable French product, Doliprane, costs 1.12 euros for a box of 12 tablets the same size. 12 tablets of 500 mg of Algifor (Ibuprofen) costs CHF 9.90 compared to 2.50 euros for a similar box of Advil in France. Another product, Nivea […]
The Swiss franc hits its lowest since December
24 Heures. On Monday the franc went as low as 1.0825 to the euro, the lowest since early December last year. According to some experts, the weaker franc can be partly explained by the market activities of the Swiss National Bank (SNB). The cantonal bank of Thurgau said that the SNB appeared to be targeting […]
Swiss Post to start delivering with drones this summer
20 Minutes. Swiss post has said it will deliver the first packages by air this summer. The first deliveries will be made between two medical laboratories on the southern side of the Alps. Test flights were conducted in the canton of Bern last year. Now Swiss Post is ready to make commercial deliveries starting in […]
