Le Matin. The unemployment rate across Switzerland climbed by 0.2% to 3.7% in January, and regional differences were clear. Across French and Italian-speaking cantons the rate averaged 5%, while across the German-speaking cantons it was 3.1%. © Beat Bieler | Dreamstime.com The unemployment rate climbed across Switzerland’s French-speaking cantons with Neuchâtel remaining the worst affected. There the rate climbed 0.3% to 6.6%. Geneva was second, rising 0.2% to 5.7%, followed by Jura, up 0.2%...
Read More »Swiss unemployment rises. French-speaking cantons worst affected.
Le Matin. The unemployment rate across Switzerland climbed by 0.2% to 3.7% in January, and regional differences were clear. Across French and Italian-speaking cantons the rate averaged 5%, while across the German-speaking cantons it was 3.1%. © Beat Bieler | Dreamstime.com The unemployment rate climbed across Switzerland’s French-speaking cantons with Neuchâtel remaining the worst affected. There the rate climbed 0.3% to 6.6%. Geneva was second, rising 0.2% to 5.7%, followed by Jura, up 0.2%...
Read More »The Megacity Economy: How Seven Types Of Global Cities Stack Up
Back in 1950, close to 30% of the global population lived in cities. As Visual Capitalist's Jeff Desjardins notes, that has shifted dramatically, and by 2050, a whopping 70% of people will live in urban areas – some of which will be megacities housing tens of millions of people. This trend of urbanization has been a boon to global growth and the economy. In fact, it is estimated today by McKinsey that the 600 top urban centers contribute a whopping 60% to the world’s total...
Read More »How The Flash Crash Trader Was Scammed Out Of A $50 Million Fortune
The sad saga of Navinder Sarao, who on April 20, 2015 became the scapegoat for the May 2010 flash crash and was sentenced to up to 360 years in prison - he will find out later this year the actual length of his prison sentence - got its latest twist today thanks to a fascinating report how in addition to having lost his freedom, Nav also lost all of trading fortune, some $50 million of it. As Bloomberg's Liam Vaughn recounts, "it took Navinder Singh Sarao a long time to accept that he might...
Read More »Swiss might drop daylight savings
20 Minutes. Switzerland could drop daylight savings. Currently, Switzerland’s Federal Council sees no reason to abandon it, however if Switzerland’s neighbours did it would follow, mainly for economic reasons said the Federal council. © Jibmeyer | Dreamstime.com National councilor Yvette Estermann (UDC/SVP), who is fiercely opposed to daylight saving, took the opportunity to point out the negative health consequences of changing the time every six months. The idea of daylight savings was...
Read More »Frontrunning: February 9
Airlines, Airports to Meet President Amid Travel-Ban Uncertainty (WSJ) Legal battle pits Trump's powers against his words (Reuters) Trump’s Oval Office Tweets Force CEOs to Choose Fight or Flight (BBG) Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure (WSJ) Trump’s Labor Pick Loves Burgers, Bikinis, and Free Markets (BBG) NATO allies lock in U.S. support for stand-off with Russia (Reuters) Sessions Takes Reins at Justice Ready to Walk the Line for Trump (BBG) Washington...
Read More »A recent purchase shows how hard it is to trust product packaging
Volkswagen shocked the world when it was revealed it was cheating on emissions tests on a grand scale. Now some television makers may be gaming the energy efficiency ratings of some of their televisions, according to the Economist. In their efforts to compete and sell more, some brands decide to cut corners. Sometime transgressions are major, like at Volkswagen. However, much of the time they are minor, perfectly legal things, that just make you feel like you have been short changed. A recent...
Read More »Swiss fact: 96% of Swiss workers earn more than 3,000 francs a month
A report published by the Swiss Federal Office of statistics, shows that only 4.3% of full-time1 workers earn CHF 3,000 or less per month2. The monthly figure is net of social security deductions, but includes one twelfth of the 13th bonus month typically paid in Switzerland. © Syda Productions | Dreamstime.com CHF 3,000 per month is CHF 36,000 a year, equivalent to US$ 36,250 or GBP 28,250, slightly above the annual UK median of GBP 28,0283. At the other end of the spectrum, only 5.6% of...
Read More »Swiss fact: 96% of Swiss workers earn more than 3,000 francs a month
A report published by the Swiss Federal Office of statistics, shows that only 4.3% of full-time1 workers earn CHF 3,000 or less per month2. The monthly figure is net of social security deductions, but includes one twelfth of the 13th bonus month typically paid in Switzerland. © Syda Productions | Dreamstime.com CHF 3,000 per month is CHF 36,000 a year, equivalent to US$ 36,250 or GBP 28,250, slightly above the annual UK median of GBP 28,0283. At the other end of the spectrum, only 5.6% of...
Read More »Switzerland: Chocolate, Watches, And Jihad
Submitted by Judith Bergmann via The Gatestone Institute, Swiss authorities are currently investigating 480 suspected jihadists in the country. "Radical imams always preached in the An-Nur Mosque... Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad." — Saïda Keller-Messahli, president of Forum for a Progressive Islam. Switzerland is the answer to those who claim that Islamic terrorism is reserved for those...
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