The factory, which has been operating for nearly 140 years with an output of roughly 6,000 tonnes of food products, has been effected by changing consumer trends which have affected demand. The factory in Linz specialised in products for its business to business division.
On 7 March, the management informed the plant’s 127 employees of the decision, and is collaborating with the Works Council and employee representatives to find ‘socially acceptable solutions’.
Luxury estate agent Knight Frank and research firm Wealth-X have released their annual report on where the ultra-wealthy are snapping up property across the world. The list focuses on high-net-worth individuals (HNWIs) – those with $30 million or more in net assets – and examines their migration patterns.
The report notes: “The latest data on HNWI migration confirms the strong and growing attraction of Australia, the US and Canada as destinations for the footloose wealthy. “Cities such as Sydney and Melbourne top the list of growth markets,” it adds.
High-end Swiss chocolatier and confectionery company Lindt & Sprüngli grew at a faster pace than the overall chocolate market last year, according to the company’s latest financial results.
Although the group is at the top end of the market, which would give it some margin for manoeuvre on prices, the race to cut costs within the industry still took its toll.
Switzerland is viewed as the No. 1 overall country, according to the 2017 Best Countries report, a joint rankings and analysis project from U.S. News & World Report, Y&R’s BAV Consulting and the Wharton School of the University of Pennsylvania.
People regard the European country highly for its citizenship, being open for business, an environment that encourages entrepreneurship, the quality of life it provides its citizens and for its cultural influence. The rankings evaluate 80 countries – up from 60 last year – across a range of criteria, from power and economic influence to citizenship and quality of life, to capture how nations are perceived on a global scale.
Consumers in Switzerland are shopping more and more products from foreign ecommerce websites. Last year, the total value of online purchases Swiss consumers made abroad was worth 1.3 billion Swiss Francs, which corresponds to 1.22 billion euros. That’s an increase of 18% compared to last year.
And that growth is mostly due to Swiss consumers shopping online more and more from Chinese websites, a new survey by Swiss mail-order association VSV, GfK, Swiss Post and MediaFocus shows. According to this study, online purchases at foreign ecommerce websites have doubled between 2012 and 2016. And this development is likely to continue in the coming years. The study authors assume that cross-border ecommerce in Switzerland will continue to grow disproportionately.
The Swiss National Bank reported a profit in 2016, the annual results showed Monday. A profit of CHF 24.5 billion was recorded in 2016 compared to a loss of CHF 23.3 billion in 2015.
The profit on foreign currency positions totaled CHF 19.4 billion. A valuation gain of CHF 3.9 billion was registered on gold holdings and a profit of CHF 1.6 billion on Swiss franc positions.
The most beloved passport in the world by rich people is not American. European citizens are the owners of the most valuable passports in the world with the top ten spots all countries in Europe. But the world’s most powerful passport belongs to Sweden. The findings come from offshore consulting firm Nomad Capitalist, who have ranked 199 passports globally.
Swatch Group R&D and the Swiss Center for Electronics and Microtechnology (CSEM) have created the smallest Bluetooth chip on the market, which consists of more than 5 million transistors on a surface measuring just 5 square milimetres, has been certified as meeting the latest Bluetooth standard, version 5.0.
The chip is not just smaller than any other on the market, Swatch claims, it also has lower energy consumption compared to competitors on the market today.
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