Greek barista Kyriakos Giannichronis has seen the headlines about his country’s newly booming economy after years of recession — but he does not feel the wealth. The Athens resident only has about 150 euros ($170) to spare at the end of the month, and that is despite getting a good deal on rent and making...
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Why high food prices can be good news for shoppers—the Swiss farming paradox explained
Bad news for Swiss farmers is good for consumers who pay the highest food prices in Europe. A system of tariffs designed to protect Switzerland‘s agriculture industry effectively shuts out imports if a product can be produced domestically. Conversely, if bad harvests or a surge in demand mean there isn’t enough meat, fruit and vegetables,...
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Wealthy Nordics are fleeing to Zurich due to high wealth taxes
Sweden’s largest bank by market value, SEB AB, is opening an office in Zurich to cater to wealthy expatriates from the Nordic region. The first Swedish bank to set up shop in Switzerland, SEB follows a raft of Norwegian rivals that are flocking to the country in the footsteps of their rich countrymen, many of...