The Swiss federal office of food security and veterinary affairs (OSAV) announced that from tomorrow, all of Switzerland will become a controlled zone. The agency aims to avoid all contact between wild birds and domestic ones. Adding that nothing so far indicates Swiss bird farms have been affected or that the virus has been transmitted […]
Those with less are worth more in Schwyz than Geneva
Last Friday, the federal Swiss tax office published the latest statistics covering the wealth and earnings of the nation’s more than 5 million tax payers – Switzerland has wealth tax, so net worth is included in tax returns. The highest percentage of the very wealthiest (CHF 10 million plus) lived in Schwyz. Geneva also made […]
New Zealand earthquake leads to tsunami alert
Those, with friends or family in New Zealand, living in Switzerland, may be unaware of the recent earthquakes that hit New Zealand, or may have been confused by some reports. According to GeoNet, New Zealand’s official source of geological hazard information, six severe1 earthquakes have been recorded since midnight New Zealand time. The most severe […]
SMI: Trump win boosts pharma and financials
11 November 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. A rally in pharmaceutical and banking shares helped boost the Swiss Market Index this week as investors weighed the prospect of a Trump’ presidency in the United States. Stocks in the healthcare sector jumped after Donald Trump’s victory as drug pricing […]
Swiss National Bank agrees to pay out 1 billion francs annually
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 […]
