Tag Archives: 3.) Investec

© Neydtstock | Dreamstime.com In December 2017, the European Union (EU) set up a blacklist and a grey list of tax havens, countries it deemed were being used to help companies and wealthy individuals reduce their tax bills. Switzerland ended up on the grey list. Nations on these lists faced reputational damage and stricter controls on financial transactions with the EU. On 10 October 2019, the European Commission reviewed the lists and removed Switzerland from the...

© Georgerudy | Dreamstime.com As more baby-boomers – born from 1946 to 1964 – retire, Switzerland will faces a shortage of workers, according to Credit Suisse, a bank. Economists at the bank estimate that 1.1 million people in Switzerland will retire over the next 10 years, a figure which includes nearly 800,000 people currently working. By 2021, there will be more people leaving the job market than joining it. The current peak in Switzerland’s age pyramid is 55...

© Mr.siwabud Veerapaisarn | Dreamstime.com In 1998, GDP per person in Switzerland was CHF 59,693. Recently published statistics put the figure at CHF 80,986 in 2018, a rise of 36%. When Swiss GDP per capita is expressed in globally comparable US dollar terms its rise is even greater. In US dollar terms Swiss GDP per capita grew from US$ 41,497 to US$ 82,839 between 1998 and 2018, a rise of 100%. In Germany the same figure went from US$ 27,341 to US$ 48,196, a rise of...

Researchers at the Paul Scherrer Institute recently deciphered the structure of the CC chemokine receptor 7 (CCR7), a signaling protein. © Bogdan Hoda | Dreamstime.com Cancer cells use CCR7 to guide themselves into the lymphatic system, spreading cancer throughout the body. The resulting secondary tumors, called metastases, are responsible for most cancer deaths. This new understanding of CCR7 is a break through that forms a foundation for developing drugs that could...

© Mr.phonlawat Chaicheevinlikit | Dreamstime.com In 2018, 830,000 people in Switzerland were unable to find the work they wanted, according the Federal Statistical Office. While 243,000 were looking but not immediately available and 231,000 were unemployed, most (356,000) were underemployed – working but unable to find as many hours of work as they’d like. The additional hours sought by underemployed workers was...

© Industryviews | Dreamstime.com Figures on unfilled apprenticeship places show the difficulty of matching supply and demand in the labour market. This year there were 12,000 unfilled apprenticeship positions in Switzerland. Switzerland’s apprenticeship model, which helps match workers’ skills with employer demand, is one driver of Switzerland’s low unemployment (4.9%) – 2018 ILO basis. However, it seems to suffering...