Tag Archives: newsletter

This week, Switzerland’s Federal Council decided the planned electronic motorway vignette will be optional. Drivers will be able to choose. ©-Denis-Linine-_-Dreamstime.com_ - Click to enlarge Anyone wanting to drive on Switzerland’s motorway network must first buy a vignette, a road tax sticker introduced in 1985, which must be displayed on the windscreen. It currently costs CHF 40. The government’s announcement that...

Switzerland’s unemployment benefits might be generous but they are strictly policed, as one recipient recently discovered. ©-Phartisan-_-Dreamstime.com_ - Click to enlarge For a period of up to approximately two years after losing a job, most workers in Switzerland receive 70% of their former salary up to a maximum of CHF 88,200 a year – the amount paid varies depending on circumstances1. To continue receiving the...

Swiss Franc The Euro has fallen by 0.27% at 1.1311 EUR/CHF and USD/CHF, November 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against most of the major currencies. Japanese and Indian markets were closed for holidays and a weaker than expected flash EMU PMI helped keep the euro pinned near this week’s lows. Although the EU seemed...

People are in favour of taxing robots if unemployment increases as a result of technological advances. Only 34% of Swiss people believe their jobs are not at risk from automation and machine learning, according to a survey commissioned by the Swiss Broadcasting Corporation (SBC). Almost half of the 2,092 people surveyed by the Link Institute for SBC felt that some of their daily tasks could be done by machines and...

22.11.2018 – Secondary sector production rose by 1.1% in 3rd quarter 2018 in comparison with the same quarter a year earlier. Turnover rose by 3.1%. These are provisional findings from the Federal Statistical Office (FSO). In comparison with the previous year industrial production grew in July by 3.3%, in August by 1.7%, then fell in September (-0.4%). For the whole of the 3rd quarter 2018 production increased by 1.4%...

I was part of the “Trading Block” on CNBC earlier today. The sharp fall in stocks and oil would have led many, like Joe, to anticipate dollar weakness. Instead, the dollar rallied. Perhaps, I suggested, the dollar was acting like a safe haven. Bill yields are high enough to make cash a reasonable alternative to park one’s savings. Even though the US economy is slowing from the fiscal goose of more than 4% in Q2 and more...

Engineering, natural sciences professions and IT professions are experiencing an acute talent shortage in Switzerland. (Keystone) Switzerland’s talent shortage is more pronounced in 2018, a new survey has found. Technical, financial, and medical professions are most affected, while job seekers in the hospitality, retail, and administrative sectors face the greatest competition. These are the results of the 2018 Skills...

The Swiss Franc is known as a safe haven currency which means investors buy the franc in times of uncertainty. Over the last couple of weeks the Franc has been gaining ground against most major currencies as events around the globe unfold. Brexit key driver for Pound to Swiss Franc rate Brexit continues to put pressure on sterling and we are still waiting to find out if a vote of no confidence is called. The Prime...

Swiss Franc The Euro has risen by 0.26% at 1.134 EUR/CHF and USD/CHF, November 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s frenzy has burnt itself out for the moment. Equities began recovering in Asia after early losses. China, including Hong Kong, Singapore, and Thailand closed higher and European markets are recouping some of yesterday’s...

Lodging and energy bills amounted to an average of 14.7% of household revenue. Swiss households spend an average of 29% on mandatory payments like taxes, social contributions and health insurance. Figures released by the Swiss Statistical Office on Monday reveal that, based on 2016 data, a Swiss household had an average income of CHF7,124 ($7,140), of which CHF2,910 was eaten up by unavoidable expenses. Of these...