Tag Archives: 3) Swiss Markets and News

Employees over the age of 50 are considered more expensive in the labour market, partly due to higher social security contributions. A people’s initiative, allowing workers over 50 to sue for age discrimination, will be launched soon, the NZZ am Sonntag reported on Sunday. According to Heidi Joos, the CEO of Avenir 50 plusexternal link, one of the organisations behind the project, this proposed constitutional provision...

Even when labelled properly food labels provide precious little information on what a product might contain. © Tero Vesalainen | Dreamstime.com For example, a piece of farmed salmon will typically be labelled only with its country of origin, containing no information on what the fish has been fed. Contaminated fish feed can significantly push up the level of dioxins found in the fish’s fat. Mad cows disease is another...

By 2040 the number of retired people in Switzerland is expected to reach 2.6 million, up from 1.6 million at present. (Keystone) Switzerland’s workforce is in good shape but perhaps not for long, according to a new study by the consulting firm Deloitte. Tapping existing pools of talent including older workers and women are key to helping companies meet future demands for skilled labour. In its latest future of work...

Switzerland is not a member of the European Union, but the close ties between the two are governed by over 120 bilateral sectoral accords negotiated since 1992 (Martin Ruetschi/Keystone) The Swiss government says it wants to carry out a public consultation before taking a final position on an “institutional framework” agreement negotiated with the European Union aimed at cementing future ties between Switzerland and its...

Earlier this year, Skyguide announced that Switzerland would host the first national deployment of U-space, a digital infrastructure aimed at preventing accidents involving drones. ​​​​​​​ Switzerland’s existing mobile telephony infrastructure is enough to guarantee the safety of drone flights in the country’s airspace, according to a study published Wednesday. Commissioned by Swiss air navigation service provider...

Safe savings: Switzerland is the world’s largest cross-border wealth manager. As the Swiss financial centre adjusts to the loss of banking secrecy and possible fallout from Brexit, a report highlights increased investment management as the sector’s cornerstone. The report, released on Thursdayexternal link by the Swiss Bankers Association (SBA) and the Boston Consulting Group (BCG), outlines the emergence of investment...

A Swiss Post drone being tested in Bern in June 2018 (© KEYSTONE / PETER SCHNEIDER) The Swiss Post is expanding its drone delivery system, transporting laboratory samples between two hospitals in Zurich. Similar pilots have been conducted in Bern and Lugano. On Tuesday, the Swiss Post announced it is launching a one-year pilot project to use drones to send laboratory samples between the University Hospital of Zurich and...

A general view of the World Trade Organization (WTO) headquaters, in Geneva A Swiss complaint to the World Trade Organization (WTO) against United States import tariffs on aluminium and steel will be decided by a WTO panel. On Tuesday, the WTO’s Dispute Settlement Body (DSB) accepted to create separate panels to hear the complaints by Switzerland and India, after the two countries filed a second request for their cases...

A view inside a giant storehouse of the Amazon Logistic Center in Rheinberg, Germany Shoppers in Switzerland will no longer be able to buy items from the US Amazon website due to recent changes to Swiss value-added tax law. Exceptions will be made for e-books and apps. “From 26 December 2018 customers shopping on Amazon.comexternal link and other non-EU Amazon websites will not be able to ship non-digital orders to any...

The investigation by SRF found that hackers could easily gain access to names, phone numbers, and e-mail addresses of customers at a Starbucks shop in Bern. (Keystone) An investigation by Swiss Public Television, SRF, has found that data isn’t sufficiently protected when customers use WiFi at cafes in Switzerland of the global coffee chain. Free WiFi access at Starbucks – one of the great perks offered by the company –...