Largely due to a flood of central bank liquidity, global private financial assets have grown by 61% over the seven years since the financial crisis, almost twice the growth rate of economic output, says a report from the German Insurance giant Allianz. This has boosted the wealth of those who own shares. Those relying on interest, […]
Swiss economy slowly gains momentum but risks remain
Brought to you by Investec Switzerland. In a report published by SECO, a group of economy experts working for Switzerland’s federal government, says it anticipates an acceleration in economic growth in Switzerland from 0.8% in 2015 to 1.5% in 2016 and 1.9% in 2017. Along side this they expect unemployment to rise from 3.3% in 2015, […]
Swiss watch exports fall for fourteenth straight month
Brought to you by Investec Switzerland. Swiss watch exports fell in August as demand weakened from Japan to the U.S., extending the industry’s slump to fourteen months. Shipments dropped 8.8 percent to 1.4 billion francs ($1.4 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday. The slowdown has spread from Asia […]
Juncker eyes Swiss-specific EU immigration deal despite Brexit
Brought to you by Investec Switzerland. European Commission President Jean-Claude Juncker said he was aiming to solve a two-year-old dispute with Switzerland over immigration in a country-specific manner even in the wake of Brexit. The Swiss government has been at pains to implement restrictions on European Union newcomers decided upon in a 2014 referendum without […]
School authority confirms sanctions against pupils refusing to shake teacher’s hand
Le Matin. In April this year a secondary school in Therwil, not far from Basel, exempted two school pupils from the customary Swiss handshake between teachers and pupils. Because their teacher is a woman, the two male pupils requested an exemption on religious grounds. After triggering a wave of indignation, the decision was reversed. In response, the parents […]
Geneva airport false alert costs culprit 90,000 francs
20 Minutes. In July, sparked by jealousy, a woman living near Annecy in France, falsely warned that someone was carrying a bomb in the French sector of Geneva’s airport. Her motive? To prevent her husband’s mistress departing on holiday to Turkey. In response to the call, the airport was put on maximum alert, and police […]
Ochsner Sport under the spotlight after false discount labelling claim
One of Ochsner Sport’s customers was surprised by what they found when they peeled off a discount price sticker. According to the consumer watchdog, Fédération romande des consommateurs (FRC), a customer who bought a headlamp from the Ochsner Sport store in Nyon in December 2015, discovered an old price label under the one showing the discounted […]
Swiss stocks drop on volatility spike
16 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week notably weaker along with global equity markets as fears around global monetary policy hit sentiment ahead of key meetings by the Bank of Japan and US Federal Reserve next week. The […]
Europe’s highest dam opened in Switzerland
Switzerland’s longest dam was opened last week. In addition to being Switzerland’s longest it is also Europe’s highest. Situated in the Alpine region of the canton of Glarus the dam is only the tip of a technological iceberg, the visible part of a vast network of tunnels, pumps and underground turbines. The video below shows […]
Some Swiss schools ban mobile phones in the playground
24 Heures. Several schools in central Switzerland have banned the use of mobile phones during school breaks. A number of schools in the cantons Zug, Nidwalden and Luzern introduced the ban at the beginning of the school year, according to 20 Minuten. Peter Hörler, director of schools in the canton of Zug, told the newspaper Zentralschweiz am […]
