Tag Archives: 3) Swiss Markets and News

The southeastern region of Madre de Dios in Peru is known for its illegal gold mining practices, but Chave insists PX Precinox does not source any of its precious metal from there. Copyright 2018 The Associated Press. All Rights Reserved. In a rare interview, PX Precinox CEO Philippe Chave defends his company’s record in Peru and says abandoning artisanal miners is not the way to achieve more sustainable and transparent mining practices. For years reports of...

© Kaspars Grinvalds | Dreamstime.com At the end of 2018, there were 23,000 doctors in Switzerland, according to a recently published study. Overall, 41% of these doctors were women. Among doctors aged 60-64, the percentage was 28%. However, 62% of doctors under 40 were women, a figure which partly reflects the higher numbers of women graduating from Swiss universities. In 2019, significantly more women than men were university graduates in the youngest age band in...

As a Swiss bank gets slapped for breaching money-laundering rules, this sculpture in Caracas pays homage to the oil workers of Petroleos de Venezuela SA (PDVSA). Keystone / Rayner Pena R The Swiss Financial Market Supervisory Authority (FINMA) has found that Banca Credinvest “seriously violated money-laundering regulations” in its handling of Venezuelan client relationships. On Tuesday the watchdog announced that it had ordered the Ticino-based bank to monitor all...

Easyjet Switzerland says it doesn’t expect a return to pre-Covid 19 business levels until 2023. Keystone / Georgios Kefalas Faced with lower demand and with no recovery expected anytime soon, EasyJet Switzerland is withdrawing two of its 12 planes stationed in Basel. Seventy jobs will be lost. Making the announcement on Tuesday, the airline company said it was consulting staff representatives on the fate of the jobs concerned. “EasyJet Switzerland has so far managed...

© Roland Van Der Meeren | Dreamstime.com Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner. The option of remote working appears to be encouraging some to trade time in central city locations for more time in Alpine resorts, the countryside, commuter regions and smaller cities. The prices of second homes have risen 3.6% over the last 12 months, according to firm. Demand for...

The University of Basel is one of the hacked institutions Keystone Unidentified cybercriminals have managed to siphon off employee salary transfers from at least three Swiss universities, including the University of Basel. “According to our information, several universities in Switzerland have been affected,” said Martina Weiss, Secretary General of the Rectors’ Conference of the Swiss Universities, confirming to the AFP news agency a report in the SonntagsZeitung....

© Ocskay Mark | Dreamstime.com Nearly 44% of renters surveyed said that coming up with the money pay rent is now harder than it was before Covid-19, according to ASLOCA, a renters’ association. Following the survey the organisation is calling for more protection against the cancellation of rental contracts and moratoriums on evictions. The main reason cited for the current financial difficulties faced when paying rent was falling revenue from fewer hours of work,...

Though they are hardly on their last legs, demand for office space will drop. © Keystone / Christian Beutler Despite the easing of Covid-19 measures, remote working is still widespread in Switzerland, with almost a third of service sector employees still working from home. According to a survey published on Thursday by the Credit Suisse bank and the Procure.ch purchasing managers association, 29% of service employees and 16% of industry employees in Switzerland are...

Researchers insist that not only can people live longer, but they can also enjoy a healthier life. Keystone / Fernando Bizerra Jr. A group of wealthy investors is gathering virtually in Switzerland to stake their money on a new asset class. It’s longevity, underpinned by the science and technology of longer and healthier lives, and it could be a multi-billion-dollar market. “Longevity will become one of the largest investment opportunities in the coming decades. It...

© Simon Kadula | Dreamstime.com The number of recorded Covid-19 cases in Switzerland has declined over the last 12 days. Over the most recent 14 days, the number of recorded cases per 100,000 in Switzerland was 59, below the figure of 60 used by the Swiss health authorities to define a region as high risk. 12 days ago on 20 September, the same rate was 67 per 100,000. The French-speaking canton of Vaud, Switzerland’s most recent Covid-19 hotspot, has recently seen...