Brought to you by Investec Switzerland. Today, the Swiss National Bank (SNB) announced a new agreement with the Federal Department of Finance, to pay the Swiss confederation and cantons CHF 1 billion per year, as was previously the case. The deal will run from 2016 to 2020, according to an official press release. The deal […]
European break up now looks more likely, says Blond
Brought to you by Investec Switzerland. If there’s one country with reason to resent the rise of populist movements, it’s Switzerland. Twenty-two months after it abandoned its 1.20-per-euro exchange-rate cap, the Swiss National Bank still finds the franc in focus every time there’s a major event that threatens to upset markets. Donald Trump’s ascendancy to […]
How Switzerland came top of the 2016 young worker’s index
Where you are born makes a big difference to the chances of getting a job when you leave school. In 2015, youth unemployment rates in some OECD countries such as Greece (49.8%), Spain (48.3%) and Italy (40.3%) were all close to 50%. In others such as Germany (7.2%), Austria (10.6%) and Switzerland (8.6%), youth unemployment was […]
Swiss government opposes initiative to transform monetary system
Brought to you by Investec Switzerland. The Swiss government urged rejection of a popular initiative that would transform the monetary system and end fractional-reserve banking, according to its dispatch to Parliament. The measure seeks to put the central bank solely in charge of money supply and forbid commercial banks from granting loans that aren’t fully […]
Europe stocks split on Trump win with pharma gaining
Brought to you by Investec Switzerland. While the bearish sentiment that engulfed European equities in recent weeks is being vindicated, health-care stocks are easing the pain. The region’s largest industry group headed for its biggest jump in more than 14 months, tempering losses for equity benchmarks after Donald Trump won the race to govern the […]
First refugees from Greece arrive in Switzerland
Tribune de Genève. Switzerland welcomes the first 28 refugees from Greece, as part of the EU programme to resettle refugees across nations party to the EU agreement on refugees, known as the Dublin Regulation. According to Switzerland’s State Secretariat for Migration (SEM), they were moved from Greece to Switzerland late last week. 112 asylum seekers from […]
Fatal Vaud police shooting now under investigation
On Monday, Vaud police confirmed that a man had been fatally shot by a police officier on Sunday evening. In a police communiqué they said that two police teams had responded to a call regarding a disruptive tenant in a building in the town of Bex in Vaud, Switzerland. When the individual rushed towards them with […]
Author of false bomb alert at Geneva airport gets huge bill
Le Matin. On 14 October, the author of a false bomb alert was sentenced to six months prison after arriving at Geneva airport the day before, and declaring there was a bomb on board an Aeroflot aircraft he was trying to catch to Moscow. The flight connected to another from Moscow to India, where the man […]
TAG Heuer invades Apple’s turf with Silicon Valley office
Brought to you by Investec Switzerland. TAG Heuer is opening an office in Silicon Valley, marking the first time a big Swiss watchmaker has expanded into the cradle of the U.S. technology sector and cementing its smartwatch alliance with Google and Intel Corp. The office, which opened Nov. 1 and is located on Intel’s campus […]
Swiss against recognising islam as an official religion
20 Minutes. According to a poll taken by the newspapers Matin Dimanche and SonntagsZeitung, only 38% of those polled thought it would be a good idea to give islam the same status as christianity and judaism in Switzerland. Of those in support, 18% said yes, while 20% were somewhat in favour. The remaining 62% were against or […]
