Gault & Millau awards, bounty of Swiss goodness

Chef of the Year 2015, Peter Knogl

Reposted from Ellen’s Wine World BASEL, SWITZERLAND – Basel has the latest addition to Switzerland’s extraordinary collection of fine wine and food locations, with chef Peter Knogl named by Gault & Millau as its Swiss Chef of the Year 2015 at awards Tuesday 7 October in Basel. Knogl heads the kitchen team at the riverfront […]

Central bank says no to 20% gold

Thomas Jordan, president of the SNB

ZURICH, SWITZERLAND – The Swiss National Bank made it official Tuesday 7 October that it does not support a popular initiative that would require the central bank to keep 20 percent of its holdings in gold, keep the gold in Switzerland and not sell off its reserves. The initiative goes before voters 30 November. The […]

Siemens dryers: defective part, some models

Siemens appliance

BERN, SWITZERLAND – The Federal Consumers Office has issued an alert concerning a defective part on some Siemens clothes dryers. The manufacturer, BSH Electroménager SA, says a “limited number of machines built between January and May 2002 may overheat because of a defective part in the control panel. In extremely rare cases there is a […]

Insurer Groupe Mutuel board replaced

Company investigated for mis-pricing premiums GENEVA, SWITZERLAND – Groupe Mutuel, one of Switzerland’s main health insurance companies, saw its board replaced, including chairman Pierre-Marcel Revaz who has worked with the company for 33 years, at an extraordinary general assembly called Monday 29 September. Financial supervisory body Finma has been investigating one of Switzerland’s main health insurance […]

UBS creates new group

Move to group holding company part of too-big-to-fail measures ZURICH, SWITZERLAND – UBS, Switzerland’s largest bank, is launching a share-for-share exchange to create a group holding company, UBS Group AG. The move is part of a series of measures “intended to substantially improve UBS’s resolvability in response to evolving global ‘too-big-to-fail’ requirements,” the bank said […]

Blatter ignores Fifa’s present tense

ZURICH, SWITZERLAND / EDITOR’S NOTEPAD – Two things happened at Fifa today and together they underscored the international football organization’s determination to hold onto a past that looks increasingly out of synch with the present. Seth Blatter informed the body’s executive committee that he intends to run for a fifth term; the 78-year-old has been […]

Go-ahead for electronic devices during entire air trip

Air passengers will soon be able to remain connected electronically, gate to gate

GENEVA, SWITZERLAND – The EASA (European Aviation Safety Agency) is now allowing airlines to authorize use of cell phones gate-to-gate, the organization said Friday 26 September. The new ruling allows airlines to begin the assessment process to determine how they will ensure safety while allowing devices to be used, which means implementing the new regulation […]

Viva the int’l babies

erasmus impact study_200914

Erasmus student exchange benefits touted by EC GENEVA, SWITZERLAND – The Erasmus student exchange programme says it has contributed to the birth of one million babies. The figures were part of a report issued earlier this week on the impact of the European-based programme. “The findings of the Erasmus Impact study are extremely significant, given […]

WTO forecasts global trade dip

Merchandise exports and imports of selected
economies, 2010Q1-2014Q2
(Seasonally adjusted volume indices, 2010Q1=100) Source: WTO

But China celebrates unexpected factory output boost GENEVA, SWITZERLAND – Weaker than expected import demands and lower GDP lie behind the World Trade Organization’s new, lower forecasts for world trade growth, issued 23 September. WTO economists cut their 2014 forecast to 3.1 percent, down from 4.7 percent forecast in April. The 2015 estimate is down […]

Swiss bank staff get a raise

© 2009 Raiffeisen Schweiz

BERN, SWITZERLAND – Staff at Swiss banks have negotiated a pay increase and agreement on hours clocked in their first collective bargaining pay rise since 2009. The new deal increases the minimum annual pay for staff from CHF50,000 a year to CHF52,000 and CHF56,000 for those who have completed an apprenticeship. Employees who have a […]