11 September 2015 Brought to you by Investec Switzerland. Swiss market flat The Swiss Market Index (SMI) is expected to end the week flat after another volatile trading session. The economic slowdown in China remains central to the recent sell off although optimism that the Chinese government will act to stabilise its financial markets did […]
Swiss unemployment higher in August, Geneva highest
There were around 8,500 more unemployed in Switzerland in August 2015 compared to the same time last year. Across the whole of Switzerland the rate was 3.2%, 0.2% higher than at the same point in 2014. Large regional differences persist. Geneva and Neuchâtel had the highest rates of 5.5% and 5.4%, creeping up 0.1% and […]
New dot swiss internet domains launched
On 7 September 2015 the Swiss Federal Office of Communications (OFCOM) opened applications for the new .swiss domain. The process of creating the .swiss domain started in June 2011 when the Internet Corporation for Assigned Names and Numbers (ICANN) decided to liberalise the creation of new generic domains such as .hotel. ICANN hadn’t planned new […]
Earthquakes a serious hazard for parts of Switzerland
The Swiss Seismological Service (SED) at ETH Zurich recently completed ten years of earthquake research. Their new model shows that earthquakes are a serious hazard for Switzerland and the natural hazard with the greatest potential for causing damage. The SED published a model showing possible future earthquakes and the associated ground movements, which vary by […]
Syrian refugees not coming to Switzerland
24 Heures. Refugees crowd onto platforms in Hungary, Austria and Germany while the situation remains relatively calm in Switzerland. In August, Switzerland recorded 3,899 asylum seekers, 3 more than July. Of these only 401 were from Syria. Most were from Eritrea (1,610), followed by Afghanistan (461). So why is the Swiss situation so different to […]
Big fines for those who skip school
Tribune de Genève. Travelling outside the school holidays might be a good way to beat the crowds and save money however the DIP, Geneva’s department of education (Département de l’instruction publique) thinks it’s a poor way to ensure children get a proper education. Pierre-Antoine Preti, head of DIP’s communications told the Tribune de Genève that […]
Rare tornado on Lake Zurich, Switzerland
On Saturday a rare tornado was seen on Lake Zurich. Photographs and videos were taken by those who saw it and posted on Twitter. Tornados are rotating columns of air. They are caused when warm moist air meets cool dry air. When these two air masses meet, they create instability in the atmosphere – cold […]
Swiss and global market roundup – a volatile week
Weekly Swiss and global market roundup for 4 September 2015. Brought to you by Investec Switzerland. The Swiss Market experienced another volatile week of trading The SMI followed global markets lower again on Friday morning after a brief rally on Thursday. Equity markets remained turbulent throughout the week on fears… Read more. Draghi unveils QE […]
Swiss company news
4 September 2015 Brought to you by Investec Switzerland. Lindt & Spruengli CEO hungry for takeovers Lindt & Spruengli AG is seeking more acquisitions after buying Russell Stover Candies Inc., and the Swiss maker of premium chocolates is taking advantage of plummeting currencies to expand in Brazil and Russia. Future deals will be smaller than […]
U.S. rate hike & deepening China slowdown top of G20 agenda
4 September 2015 Brought to you by Investec Switzerland. Emerging-market policy makers are set to confront their twin fears in person. The prospect of higher U.S. interest rates alongside the deepening slowdown and devaluation in China are chilling investor sentiment toward the onetime powerhouses of global growth, roiling currencies and leaving the MSCI emerging market […]
