Brought to you by Investec Switzerland. Nestlé SA Chief Executive Officer Paul Bulcke said he expects the U.K. will choose to stay within the European Union, though an exit wouldn’t be a huge risk to the world’s largest food company. Brexit probably isn’t among the top 10 risks for Nestlé, Bulcke said Wednesday at a […]
Regulator set to penalise Swiss banks over ties to alleged corruption in Malaysia and Brazil
Brought to you by Investec Switzerland. Switzerland’s top financial regulator warned the risk of money-laundering has risen in Switzerland in recent years as the watchdog said it’s preparing to penalize six Swiss banks over their ties to alleged corruption in Malaysia and Brazil. Widening corruption scandals at 1Malaysia Development Berhad and Brazilian oil producer Petroleo […]
Would you like to take your dog to work? Staff at Nestlé can.
24 Heures. At one Nestlé office, the company is experimenting with allowing employees to bring their canine friends to work. Project boss, Simone Gravante, said “We can see that dogs make office life better.” At the Swiss food giant’s office in La Tour-de-Peilz, near Vevey in Switzerland, staff can come to work with their dogs. Around 15 dog […]
Muslim pupils in Basel must shake teachers’ hands
Tribune de Genève. Teachers in the Swiss canton of Basel-Landschaft will soon have the right to demand school children shake their hands. Under new rules, the parents of children who don’t comply could face fines as high as CHF 5,000. In addition, the dispensation, granted to two muslim pupils at Therwil secondary school earlier in the […]
Government close to removing Swiss nationality for the first time
Le Matin. Bern has started the process of stripping an individual of their Swiss nationality for national security reasons. The move is the first in half a century. The week before last, the Swiss State Secretariat for Migration (SEM) launched a procedure to remove Swiss nationality from a 19 year old man from Winterthur, reported the Tages-Anzeiger last […]
The 1,000 franc note not about to disappear
Le Matin. Earlier this month, the European Central Bank announced that it will stop issuing 500 euro notes. Known colloquially as the ‘Bin Laden’, because it helps criminals move large sums without detection, the 500 euro will not be produced from 2018 when the new Europa series of notes are launched to replace current euro […]
Geneva residents alarmed by base jumpers leaping from buildings
20 Minutes. Base jumpers have been leaping from the 28th floor of the Lignon towers in Vernier near Geneva, Switzerland. The buildings, built in the 1960s and 70s house around 6,000 people or about 1 in 6 of Vernier’s residents. The development, covering around 28 hectares, includes a school and medical centre. The film below […]
Swisscom fined CHF 71.8 million by Swiss competition watchdog
20 Minutes. Switzerland’s competition watchdog COMCO has fined Swisscom CHF 71.8 million. The semi-privatised Swiss telecom operator has been accused of using market dominance to gain an unfair advantage over competitors. The commission said “the Swisscom group with its subsidiaries CT Cinetrade AG and Teleclub AG holds a dominant position particularly with respect to live […]
Nearly 4 tonnes of rubbish removed from Lake Geneva
20 Minutes. Early figures show nearly 4 tonnes of rubbish were removed from the lake and its shores by volunteers during the 8th edition of the lake cleaning event called Net’Léman. “Net” is short for the French word nettoyer and Léman the local name for Lake Geneva, although some locals at the Geneva end of the […]
Stock markets under pressure on US interest rate hike speculation
20 May 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss stocks are set for a modestly positive end to the week despite stock markets coming under pressure on growing speculation that the US Federal Reserve could raise rates as early as next month. Stocks markets were volatile this week after the […]
