Swiss unemployment inches up

Seasonal factor responsible: young graduates seeking work GENEVA, SWITZERLAND – The Swiss jobless rate moved up from 2.9 percent to 3.0 percent in August, but compared to a year earlier the figure is 1.2 percent lower. The unemployment offices had 128,434 persons registered as out of work during August. The jobless rate for young people […]

Uber wants to change how Geneva gets about

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Fast-growth tech company adds Geneva after Zurich success GENEVA, SWITZERLAND – Uber has arrived in Geneva, and while the city’s taxi drivers have yet to say what they think, the new car service aims to change the face of transport in the city. Manager Steve Salom took pains to say Uber is not a taxi […]

Swiss top competitiveness rankings again

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GENEVA, SWITZERLAND – Switzerland has been named the world’s most competitive nation by the World Economic Forum, for the sixth year running. Singapore is again in second place. Rankings The WEF’s Global Competitiveness Report 2014-2015, which surveys 144 economies, says the “global economy seems to be finally leaving behind the worst and longest-lasting financial and […]

GDP stable in 2nd quarter

BERN, SWITZERLAND – Second quarter figures for Switzerland’s gross domestic product show little change over the previous quarter. Household consumption but also consumption by international organizations provided small boosts. Key features from the Secretariat for Economic Affairs, Seco: “In the 2nd quarter 2014 Switzerland’s real gross domestic product (GDP) was unchanged against the previous quarter […]

Green light for tax exchange negotiations

Parliamentary commissions ok tax talks, to review second language law BERN, SWITZERLAND – Two parliamentary commissions voted in favour of key measures Friday 29 August. The Foreign Relations of the upper house has given a green light to the ruling Federal Council to open negotiations on automatic exchanges of information for tax purposes with the […]

Paleo, you need this!

Putting Paleo together in a wet and muddy summer of 2014 (photo ©2014 Annie Colliard/Paleo)

GENEVA, SWITZERLAND – Could this really be the end of mud? Just so, at least for festival-goers, says Bern. Empa in St Gallen has developed light floor panels made from a polymer mixed with fibreglass, which can be laid over large areas. The product, developed with the firm Supramat-Swiss, could be used at outdoor festivals […]

Swiss banks: CHF350 billion lost over tax issues

GENEVA, SWITZERLAND – One of the most in-depth looks at Swiss private banking to surface in recent months suggests that Swiss banks had to find CHF100 billion to cover fines linked to tax evasion and fraud. The study by Pricewaterhouse Coopers (pwc) in Switzerland, published 28 August, says they also lost an estimated CHF250 billion […]

Frontaliers living in France: 5 years of growth

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GENEVA, SWITZERLAND – The number of cross-border workers (frontaliers) has grown in the past five years, but somewhat unevenly in French-speaking cantons, show new figures published 28 August by the Federal Statistical Office. The office recently published figures showing that the number of jobs in Geneva rose by 0.8 percent in 2012, the latest year […]

WEF launches web “NetMundial Initiative”

GENEVA, SWITZERLAND – The “NetMundial Initiative” was launched at the World Economic Forum 28 August when the organization hosted a meeting with Icann, political, adademic, civil society and business leaders. The key words used by Geneva-based WEF in a statement about the initiative were global cooperation, capacity development and building trust in the internet. The […]

Bern tightens measures for Russian banks

BERN, SWITZERLAND – The Swiss government 27 August announced tighter restrictions for Russian banks operating in the country, “ensure that the most recent sanctions imposed by the European Union cannot be circumvented via Swiss territory. Today the Federal Council decided on the necessary measures. In the field of finance, issues of long term financial instruments […]