The Michael Page Swiss Job Index recorded an increase in advertised jobs of 1.2% between May to June 2017. During the period from March-June 2017 the number of advertised jobs grew 4.4%. The increase in advertised jobs was led by the Swiss plateau which showed a monthly increase of 3.1% in June. According to Michael Page, the increase in the number of jobs posted was driven by the transportation, logistics and supply chain category, with year-on-year growth up to 33.6% and a monthly growth of 9.2%, depending on the position. The IT sector also continued its growth, with systems specialist positions posting an increase of 52.8% year-on-year and 6.6% between May and June 2017.
Volvo on Wednesday called time on the internal combustion engine in a bid to get ahead in the race to sell electric cars to the mass market. The Chinese-Swedish carmaker has said that, from 2019, all of its models will be powered by electric engines. The Gothenburg-based company will continue to produce pure combustion-engine Volvos from models launched before that date, but said it would introduce cars across its model line-up that ranged from fully electric cars to plug-in hybrids.
Global insurance premiums increased by 3.1% in real terms in 2016, a fairly solid outcome in an environment of moderate global economic growth, Swiss Re Institute's latest sigma report says. The main cause of the weaker global premium development were the advanced economies but growth in many emerging markets – excluding China – slowed also. Global life premium growth fell to 2.5% in 2016 from 4.4% in 2015 as advanced market premiums contracted, while life premiums in the emerging regions together grew by more than double the long-term average.
The chief executives of U.S. banks have been paid handsomely since 2004, with the average boss making three times as much as their counterparts around the globe, according to Bernstein report. The research examined chief executive pay across 25 banks in the US, Europe and Asia for the past 13 years and it shows that US banks have persistently paid more than rivals in the rest of the world based on 2016 data.
The European Commission approved a €5.4 billion ($6.1 billion) state bailout of Italy’s Monte dei Paschi bank on Tuesday, allowing the Italian government to recapitalize and restructure the troubled lender. The gereen light came after the in-principle accord reached on June 1 by Economy Minister Pier Carlo Padoan and Competition Commissioner Margrethe Vestager. The European Union’s executive arm said in a statement that it had approved the capital injection into Banca Monte dei Paschi di Siena SpA, or MPS, under the bloc’s state aid and bank resolution rules after the lender agreed to undergo a drastic restructuring.
Indonesia and Switzerland have signed a joint declaration on Automatic Exchange of Financial Account Information (AEOI) yesterday. The signing was held at the Directorate General of Tax in Central Jakarta. At the signing ceremony, Indonesia was represented by Director General of Tax for the Finance Ministry Ken Dwijugeasteadi and Switzerland was represented by its Ambassador to Indonesia Yvonne Bauman. The signing was witnessed by Finance Minister Sri Mulyani Indrawati.
Swiss pensioners should be given the option to draw down higher levels of pension income on a time-limited basis, according to Willis Towers Watson. According to consultancy, the best option is the portion of pension savings capital that exceeds the minimum cover prescribed by law. It proposed the model in response to falling conversion rates, which are used to calculate how much pensioners can take as income from their pensions every year. It was pitched as a means of alleviating pressure on pension providers and offering flexibility and fairness for pensioners.
Technology and the solutions it can offer to the world of finance were among the hottest topics at FinDating. The event, which took place in Geneva on June 22nd, introduced a few new concepts with the keynote speakers who were invited. Among them, Kim-Andrée Potvin opened with a recounting of the experience of BNP Paribas in tackling technological and digital new challenges. Pavlos Christoforou, cofounder and partner at PointNine, explained «The regulatory challenge: Lessons learned after one billion trades processed», and regulation was again the topic touched by Yana Afanasieva, of Swiss Finance + Technology Association. Giacomo Zucco – BlockchainLab - went then in depth talking about blockchain technology.
Microsoft is planning layoffs as it refocuses its sales force on making the software colossus a pivotal part of businesses relying on cloud computing, according to media reports. While many reports forecast the changes would result in thousands of job cuts, Microsoft on Monday only confirmed to AFP that changes were on the way. "Microsoft is implementing changes to better serve our customers and partners," a Microsoft spokesperson told AFP.
What do you think of when you hear the words ‘sustainability’ or ‘being green’? Does it conjure images of long-haired hippy-types wearing brown sandals and hugging trees? Saving polar bears? Or recycling Coke cans and yoghurt pots? Environmental issues are often misunderstood and seen as someone else’s problem. Worse, they are even ignored and considered to be irrelevant to modern business.
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