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Switzerland’s GDP rose by 0.4% in the 3rd quarter of 2019, after increasing by 0.3% in the previous quarter. Exports of chemical and pharmaceutical products and energy were key contributing factors. In other areas, the impact of the subdued international environment was felt more strongly. The economic slowdown is being borne out on the whole. Switzerland Gross Domestic Product (GDP) QoQ, Q3 2019(see more posts on Switzerland Gross Domestic Product, ) Source:...

Die Europäische Zentralbank (EZB) wird nach Aussagen des Gouverneurs der Oesterreichischen Nationalbank (OeNB) und EZB-Rats Robert Holzmann die geldpolitischen Ziele in den kommenden Monaten auf den Prüfstand stellen. “Alles steht zur Diskussion”, sagte Holzmann am Montagnachmittag vor Journalisten in Wien. Die neue EZB-Chefin Christine Lagarde hatte am 14. November die Mitglieder des EZB-Rates zu einem ersten informellen Treffen im Schlosshotel Kronberg nördlich von...

It doesn’t cost as much to train a painter as it does an IT specialist Firms in Switzerland may benefit annually by over CHF3,000 ($3,000) per apprentice when they train their own apprentices, a report has found. The fourth cost-benefit studyexternal link conducted by the Observatory for Vocational Education and Training of the Swiss Federal Institute for Vocational Education and Training (OBS SFIVETexternal link), published on Tuesdayexternal link, revealed that...

The number of work permits issued for non-EU workers has been a source of contention in recent years. (Keystone) Switzerland will issue 8,500 work visas to non-EU citizens next year – the same number as in 2019. The Swiss government also confirmed an earlier decision that 3,500 British workers will be welcomed in the event of a no-deal Brexit situation. Next year Swiss companies will be able to draw on 4,500 B-permitsexternal link for so-called “third country”...

The servitude of society to a globalized economy is generating extremes of insecurity, powerlessness and inequality. Does our economy serve our society, or does our society serve our economy, and by extension, those few who extract most of the economic benefits? It’s a question worth asking, as beneath the political churn around the globe, the issues raised by this question are driving the frustration and anger that’s manifesting in social and political disorder. A...

According to Mariana Mazzucato, the RM Phillips Professor in the Economics of Innovation at the University of Sussex, government is an important factor in the promotion of innovation and thus economic growth. In particular, she challenges the popular view that innovation happens in the private sector, with governments playing a limited role. Many commentators regard her as a revolutionary thinker that challenges the accepted dogma regarding the role of government in...

Swiss Franc The Euro has risen by 0.01% to 1.0985 EUR/CHF and USD/CHF, November 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are subdued. There have been few developments to induce activity. Even President Trump’s claims that the talks with China are in the “final throes” failed to excite. Equities are extending their advance. Bonds are little changed, and the dollar is mostly...

USD/CHF takes the bids around monthly high. Optimism surrounding the US-China trade deal, global economy confront nearness to data. The US data, trade/political headlines could drive markets afterward. USD/CHF respects the previous day’s Doji formation, coupled with upbeat fundamentals, while taking the bids to 0.9980 ahead of Wednesday’s European session. Comments from the United States (US) President Donald Trump have mostly done the job of spreading market...

‘Online shopping creates freedom,’ said the authors of the survey (Keystone) Only 3% of adult internet users buy nothing online, with the elderly most likely to stick to bricks-and-mortar shops, according to a survey. Online comparison service Comparis.ch said on Tuesday that whereas 6% of those aged 56-74 were yet to place an order online, the number of abstainers among 18- to 35-year-olds was less than 1%. By contrast, almost one surfer in two (48%) orders...

Lugano Airport in southern Switzerland is located 80km north of Milan in Italy. Lugano authorities have approved a series of loans to help save Lugano Airport in southern Switzerland, allowing it to operate for at least one more year. The regional airport has struggled since the bankruptcy of Darwin Airline and collapse of Adria Airways in September. On Monday, Lugano parliament followed the local government by voting in favour of three loans, totalling CHF5.7...