Tag Archives: 3) Swiss Markets and News

The UBS Global Real Estate Bubble Index 2018 report is produced by UBS Global Wealth Management’s Chief Investment Office and analyzes residential property prices in 20 developed market financial centers around the world. Hong Kong faces the greatest risk of a housing bubble, followed in descending order by Munich, Toronto, Vancouver, Amsterdam, and London. Stockholm and Sydney moved out of bubble risk territory this...

Novartis currently employs 13,000 people across Switzerland The pharmaceutical giant Novartis will cut about 2,200 jobs in Switzerland over the next four years. Nearly 1,500 jobs are affected in production and about 700 in services. This restructuring is part of the manufacturing strategy launched in 2015 to adapt the industrial base to a reduced product portfolio, announced Novartis on Tuesdayexternal link. It...

Almost a quarter of Swiss dual nationals possess an Italian passport. Around 17% of Swiss residents over the age of 15 hold two passports. The canton of Geneva has the highest proportion of dual nationals at 45%. According to figures released by the Federal Statistical Office (FSO) on Tuesday, the double nationality rate exceeds 20% in the cantons of Zurich, Basel City, Ticino, Vaud and Neuchâtel. The cantons with the...

More bad news for Swiss household budgets was released today for residents of all but three Swiss cantons. ©-Hai-Huy-Ton-That-_-Dreamstime.com_ - Click to enlarge Health insurance premiums in 2019 will be on average 1.2% higher than in 2018 across Switzerland as a whole. However, within this figure there are significant cantonal variations. Hardest hit will be residents of Valais (+3.6%) and Neuchâtel (+3.1%), while...

Demonstrators gather in front of parliament in Bern (Keystone) A national rally in favour of equal pay and against discrimination has taken place in the Swiss capital, attracting some 20,000 people, according to organisers. Unions, political parties and supporting organisations said in the run-up to the rally on Saturday that although equality was enshrined in the constitution 37 years ago and the law had been in force...

Swiss boardrooms: more than just a nice view. (© KEYSTONE / CHRISTIAN BEUTLER) A report on the salaries of CEOs across Europe has found that Switzerland once again tops the table, ahead of Great Britain and Germany. The report also discovers that salaries have risen over the past year. CHF8.7 million ($9.05 million): this was the median compensation of bosses of top companies in Switzerland in 2017, according to this...

Mathias Ruch (foreground) explains his vision as co-founder and CEO of CVVC. A consortium of Swiss investors has launched a private equity vehicle that aims to collect up to $100 million with the long-term goal of getting 1,000 blockchain companies off the ground internationally every year. The Swiss company Crypto Valley Venture Capitalexternal link (CV VC) launched its initial “Genesis Hub” incubator in Zug, home to...

It is a highly complex process to get oil from the ground and into cars. (Copyright 2018 The Associated Press. All rights reserved.) A consortium of commodities traders, banks and the world’s largest goods inspection company have joined forces to launch a blockchain platform in Switzerland, which is intended to ease the administrative burden of shifting oil, grain and other products around the world. The Komgo venture...

Clariant has sealed a restructuring deal with its new large shareholder. Swiss specialty chemical maker Clariant has signed a memorandum of understanding to enter into a strategic partnership with Saudi Arabian firm SABIC. This will result in a major restructuring of the company along with changes in management and the board of directors. On Tuesday, Clariant said the collaboration will see the merger of units from both...

Recent government figures show a 13% rise in the number of vacant homes over the 12 months to June 2018. The number has more than doubled since 2009 when there were close to 35,000 vacant dwellings. By 1 June 2018, there were more than 72,000, a vacancy rate of 1.62%1 This might sound like good news for home buyers and renters, however it depends on where you hope to live. The municipality of Horw_© Laurentiu Iordache _...