Brought to you by Investec Switzerland. Nespresso beware: Your status as Nestle’s favorite child is under threat from your scruffy kid brother. Nestle SA, creator of the high-end Nespresso brand of coffee pods and espresso machines, is increasingly leaning on a cheaper range of single-serve coffees that it calls Nescafe Dolce Gusto. Since Nestle launched […]
Nestlé shares jump on appointment of new outsider CEO and speculation of revamp
Brought to you by Investec Switzerland. Nestle SA rose the most in more than four months as investors welcomed the surprise appointment of Fresenius SE’s Ulf Mark Schneider as successor to Chief Executive Officer Paul Bulcke. The stock gained 2.7 percent to 73.05 Swiss francs at 10:16 a.m. in Zurich as analysts said the health-care […]
Summer camps – keeping the kids busy
Brought to you by InterSoccer. If you are a parent, and your boss is not kind enough to let you take the entire summer off, then you might be wondering what to do with your kids. Even if you do have time off, having energetic youngsters under your feet all day has the potential to […]
Brexit will affect Switzerland, says Swiss president
Swiss president Johann Schneider-Ammann said “This decision affects your country directly and indirectly.” Firstly, relations between Switzerland and the UK will need to be redrawn. This will not happen today, but once the UK formally leaves, in around two years time. The current rules for people and companies will stay in place until further notice. Switzerland […]
Brexit shakes global markets
24 June 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index (SMI) is set to post a modest gain this week despite confirmation that the UK has decided to leave the European Union. The SMI opened almost 7% lower following the announcement before recovering. The Swiss franc strengthened the […]
Britain votes to leave EU. What does it mean?
All of the votes have been counted. 51.9% of the votes were for “leave”. Donald Tusk, President of the European Council, said in an announcement, that EU law will continue to apply to the UK until the nation formally leaves the club, including rules on free movement of people. David Cameron said in a speech […]
Britain votes to leave EU
All of the votes have been counted. 51.9% of the votes were for “leave”. Voter turnout was 72.2%. Voting was divided. Scotland (62.0% remain) and Northern Ireland (55.8% remain) voted too stay, while England (53.4% leave) and Wales (52.5% leave) voted to leave. In the markets, the pound dropped as low as 1.32 US dollars, […]
Traffic jams cost Switzerland 1.6 billion francs a year
The Swiss government has calculated that traffic congestion costs the country CHF 1.6 billion annually. The report, published on 23 June 2016, shows that traffic congestion costs the country CHF 1.6 billion annually (2010) in lost time, wasted fuel, environmental damage and accidents. And these costs continue to rise. The cost of time lost in […]
Heatwave warning in Switzerland
20 Minuten. The weather website MeteoNews warns of a heatwave in Switzerland. After a more or less non-existent summer in Switzerland so far this year, temperatures have shot up. Many parts of the country are experiencing temperatures above 30 degrees today. MeteoNews has issued heatwave warnings for Switzerland’s central plateau, the Basel and Rhone regions, […]
Swiss tax redistribution in 2017 – winners and losers
Swiss cantons have very different tax bases, tax rates and costs. To even things up, and temper tax rate competition between cantons that jockey to attract the wealthiest residents with the lowest tax rates, Switzerland has a system known as la péréquation financière nationale in French, or Finanzausgleich in German, which requires “rich” cantons to give money […]
