News

27.10.2016

Switzerland: rental housing market looks at dark 2017

The Swiss rental market is expected to contract again in 2017. Wüest & Partner, real estate consulting firm, provides an average contraction of 0.7% in Ticino, the decline will be less marked. The reference rate, since its unification in Switzerland in 2008, fell from 3.5% to 1.75%, allowing a decline in rents of up to 17% to the benefit of long-time tenants, as the report "Immo-Monitoring" refers.

 
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27.10.2016

Basf will axe jobs in Basel region

The German chemical group BASF will cut 180 jobs in the Basel region: the cut will occur within 2018 and will cover the area of ​​research and development. The measure is part of a restructuring launched worldwide. In the research center in Basel - with offices in Basel and Schweizerhalle-Rosental - BASF works with additives and pigments for plastics and lacquers, as well as new materials for organic electronics and 3D printing. Most of these activities will be halted or moved elsewhere in the group, it said in a statement. The Basel region will remain important, however, for other research and development activities, emphasizes the group. In addition to the 180 jobs eliminated there will be an additional 100 to be transferred to other business units in Switzerland.

 
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27.10.2016

Belgium resolves impasse over CETA deal

The Belgian government and its regions have reached an agreement over the CETA trade pact between the EU and Canada, Prime Minister Charles Michel told reporters in Brussels. Early in the morning he said on Twitter: “Belgian agreement on #CETA . All parliaments are now able to approve by tomorrow at midnight. Important step for EU and Canada".

 
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27.10.2016

Deutsche Bank realized unexpected profit

Deutsche Bank reported a profit of €278m in Q3, which compares favorably to a 6 billion euro loss for the same period a year ago, beating analysts' average expectations that it would make a net loss of around €610 million.  Deutsche Bank said the "tough interest rate environment" and "unsettling effect" of negotiations with US authorities had been felt.

 
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27.10.2016

Britische Wirtschaft verlangsamt sich kaum

Die Unsicherheit nach dem Anti-EU-Referendum hat die britische Wirtschaft im Sommer kaum gebremst. Das Bruttoinlandprodukt stieg zwischen Juli und September noch um 0,5% zum Vorquartal und damit deutlich stärker als erwartet, wie das nationale Statistikamt ONS am Donnerstag mitteilte.

 
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27.10.2016

La baisse du taux minimal relance le débat sur l’AVS

Le Conseil fédéral a abaissé mercredi à 1% le taux d’intérêt minimal de la prévoyance professionnelle. Les organisations syndicales réclament un renforcement du premier pilier pour compenser la baisse des rentes de la LPP.

 
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27.10.2016

EU-Canada stopped CETA in Belgium

Canada’s prime minister Justin Trudeau has cancelled a trip to Brussels, as Belgium failed on Wednesday to clear internal opposition to the EU-Canada free-trade pact (Ceta). "Canada remains ready to sign this important agreement when Europe is ready," Alex Lawrence, the spokesperson for Canada's International Trade Minister Chrystia Freeland, told German news agency DPA.

 
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27.10.2016

5 reasons why Trump will not win the election

After the big surprise of Brexit, anything seems possible. However, the presidential election in the United States is hardly comparable to the British referendum. The United Kingdom’s electorate consists of a large dominant block of white voters (94%), while in the US, there is much more diversity amongst voters with 30% ethnic minorities.

 
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26.10.2016

Swiss wages will pace along with inflation

Wages in Switzerland should stagnate in real terms in 2017, according to UBS economists who foresee an average salary increase of 0.6%, with inflation estimated at 0.4% for the same period of time. The effective increase will be only 0.2%, lower than this year.

 
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26.10.2016

Twitter axes jobs after losing buyers

Twitter may soon cut 8% of its workforce, or about 300 people, Bloomberg reported Monday citing people it said were familiar with the matter. A company spokeswoman declined to comment. Last year, Twitter announced, more or less, the same plan, or to axe 336 employees, about 8%, a week after Jack Dorsey, its co-founder who had been serving as interim chief executive, took over as permanent CEO.

 
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