Le Matin reported that the commune of Oberwil-Lieli, in the Canton of Aargau in Switzerland, has decided to spend CHF 290,000 to avoid taking refugees. The CHF 290,000 sum, included in the municipality’s revised 2016 budget, was accepted by a majority of the commune’s assembly last Friday. At the same time commune leaders have been […]
Brits in Switzerland say Brexit won’t mean freedom from Brussels
Brought to you by Investec Switzerland. Brexit backers who hold Switzerland as a model for the U.K. outside the European Union won’t find much support from British expatriates living in Geneva. Attending a British-Swiss Chamber of Commerce event addressed by the head of the “Leave” campaign recently at Geneva’s Mandarin Oriental hotel, most said the […]
Shuttered Geneva offices show impact of lost banking secrecy
Brought to you by Investec Switzerland. Three years after Lloyds Banking Group Plc sold its private bank in Geneva, the only signs of life at the now-empty building are piles of cigarette butts and nutshells lying on its dirty window ledges. The riverside offices at Place de Bel-Air are a short walk away from the […]
Pianos mysteriously turn up on the streets of Geneva
Last Friday pianos started appearing on the streets of Geneva, free for anyone to play. The pianos are part of an outdoor artwork by British artist Luke Jerram. Touring internationally since 2008, he has overseen the installation of more than 1,500 pianos in over 50 cities around the world. Called Play Me, I’m Yours (Jouez, […]
Mossack Fonseca employee arrested in Geneva
Tribune de Genève. A computer specialist working for the Geneva office of the Panamanian law firm Mossack Fonseca has been arrested following accusations of data theft. Criminal proceedings have been opened by Geneva’s public prosecutor, according to a spokesperson from the ministry who spoke to the newspaper Le Temps. Mossack Fonseca found itself at the heart […]
All but one of Switzerland’s five nuclear reactors meet radiation targets
Every year the Swiss Federal Nuclear Safety Inspectorate (ENSI) measures the radioactivity of liquid waste coming out of Switzerland’s nuclear reactors. A nuclear site emitting less than a gigabecquerel over a year meets ENSI’s target. A gigabecquerel is one billion bebecquerel, a measure of radioactive emissions named after French physicist Henri Bebecquerel. Figures released on 9 June 2016, show that […]
At a glance – Switzerland’s nuclear power stations
In 2015, Switzerland consumed 58 billion kWh of electricity. It exported 43 billion kWh, mainly to Italy, and imported 42 billion kWh, mainly from France, Austria and Germany. Around 35% of the total was produced from nuclear, 59% from hydro, and 6% from other sources, based on 2015 Swiss Federal Office of Energy SFOE numbers. The […]
Euro 2016 – Swiss brothers play against each other
The start was key to Switzerland’s win against Albania in yesterday’s UEFA Euro 2016 match, according to Switzerland’s coach Vladimir Petković. Speaking to John Atkin at Stade Bollaert-Delelis, after the teams 1-0 win against Albania, he said “We handled the emotion of the occasion better. We used the nervous energy very positively. I think we played […]
Sun powered aircraft Solar Impulse lands in NYC, completing US crossing
Solar Impulse 2, the world’s first solar airplane capable of flying day and night without a drop of fuel, left Lehigh Valley International Airport, Pennsylvania, late yesterday evening and landed at John F. Kennedy (JFK) International Airport in New York, early this morning, after circling the Statue of Liberty. André Borschberg, a former Swiss military […]
Swiss stocks lower on stronger Swiss franc and Brexit fears
10 June 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss Market Index (SMI) is set to close lower this week, underperforming global stocks after a stronger Swiss franc hurt domestic firms and Brexit fears weighed on investor sentiment. On the other side of the Atlantic, the S&P 500, an index which […]
