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The official French presidential election results place Emmanuel Macron (23.8%) and Marine Le Pen (21.5%) in first and second places in the first round of the French presidential race. The run off between these two will take place on 7 May 2017, when most forecasters expect Macron to win and become France’s next president. How votes are expected to split between MACRON and LE PEN in the 2nd round. This according to Ifop polling on Friday: #Presidentielle2017 pic.twitter.com/OzW5EFGXiI —...

[unable to retrieve full-text content]A survey conducted by the advisory firm EY shows a rise in perceived corruption in the workplace in Switzerland. 18% of workers surveyed by the firm in Switzerland now think bribery and corruption are widespread in the country. While high this figure is well below the 33% average for Western Europe and the 51% average […]

The management of Credit Suisse Credit Suisse reduced their bonuses by 40% after severe criticism from shareholders. The reduction amounts to around CHF 20 million. Some are still outraged. The group made a loss of CHF 2.7 billion in 2016 and one of CHF 2.9 billion in 2015. © Denis Linine | Dreamstime.com In an interview published in Le Matin Dimanche and SonntagsZeitung, Vincent Kaufmann, the CEO of Ethos described the remaining bonuses of CHF 15 million for 2016 and CHF 31 million earmarked...

Travail Suisse, an association representing Swiss employees, highlights once more the age discrimination faced by those over 50 in the Swiss job market. © Felix Mizioznikov | Dreamstime.com In March 2017, 26.8% of unemployed in the this age group had been without work for more than a year, compared to 2.3% of those between 15 and 24 and 14.1% of those aged 25 to 49. According to RTS, the unemployed over 50 take twice as long to find a new job. The number expected to join their ranks is...

Travail Suisse, an association representing Swiss employees, highlights once more the age discrimination faced by those over 50 in the Swiss job market. © Felix Mizioznikov | Dreamstime.com In March 2017, 26.8% of unemployed in the this age group had been without work for more than a year, compared to 2.3% of those between 15 and 24 and 14.1% of those aged 25 to 49. According to RTS, the unemployed over 50 take twice as long to find a new job. The number expected to join their ranks is...

Over the year ending 31 March 2017, apartment prices across Switzerland dropped by 6.8%, according to a property price report published by the Zurich-based research and consulting firm Fahrländer Partner FPRE. Close to half of the decline (-3.2%) occurred in the first quarter of 2017. © Sylgal | Dreamstime.com Mid-range apartments hardest hit Across the year, the price of mid-range apartments fell most (-9.4%), followed by high-end ones (-6.3%) and smaller lower cost ones (-0.9%). The largest...

Tribune de Genève. The French tax authorities will not get Swiss help to investigate tax payers identified in data taken by Hervé Falciani from HSBC private bank in Geneva. © Steeve Baillon – Dreamstime.com HSBC, owner of the private bank in Geneva, which became part of HSBC in 1999 when it was acquired from Republic National Bank, a group run by Lebanese-born financier Edmond Safra, described the data taken from the bank in 2008, as stolen, reported the BBC. In addition, Falciani was later...

24 Heures. A Swiss chef from Aargau came first in this year’s ranking of the world’s 50 best restaurants. Daniel Humm – Source: Facebook_chefdanielhumm Daniel Humm, co-owner of the restaurant Eleven Madison Park, comes from Strengelbach in Switzerland, and earned his first Michelin star at 24. In 2003, he moved to the United States to become a chef at Campton Place in San Francisco. Three years later, he moved to New York to Eleven Madison Park. He and Will Guidara now co-own the restaurant....

The reflation trade that started before Donald Trump’s victory in the US presidential elections accelerated in Q1 as global economic data improved and surprised against expectations. Global equities are up 6.5% in dollar terms with markets such as Hong Kong, emerging markets, and Brazil the clear outperformers. In its Q2 2017 Outlook report, Saxo Bank warns that the reflation trade will end in Q2 with a healthy correction in global equities.   The biggest perception-versus-reality...

On 11 March 2012, Swiss voted to accept a law restricting the construction of secondary residences, homes that are only used occasionally by owners living somewhere else. Under the law no more than 20% of a municipality’s housing can be second homes. Those with percentages above 20% run into building restrictions. The initiative was nick named Lex Weber after one of the main figures behind the initiative, the environmentalist Franz Weber. Chalet apartments in Verbier – © Chechotkin |...