MoneyWeek

News

Bern

Swiss voters rejected their government’s plans for apetrol levy and air-ticket tax, a move that throws the country’s “policy on fighting climate change” into doubt, says the BBC. The measures, designed to help the country meet its targets under the Paris Agreement on climate change, were criticised by voters who “appear to have worried about the impact on the economy”. Critics of the policies have also pointed out that Switzerland is only responsible for 0.1% of global emissions. The vote, with 51% against and 49% in favour, was “a huge shock” to the government’s “carefully” crafted law to reduce greenhouse gases to half their 1990 levels by 2030. On the other hand, it can look forward to a robust recovery from Covid-19. The economy is expected to grow by 3.6% this year, an upgrade from the previous official estimate, as the easing of

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek2 min readIntelligence (AI) & Semantics
Essential But Unfashionable
One striking feature of today’s markets is how much investors seem to dislike energy. The sector isn’t exactly languishing: the MSCI World Energy index has returned 25% per year over three years in sterling terms. Yet it still feels like a most reluc
MoneyWeek2 min readIntelligence (AI) & Semantics
The Top Companies Powering Progress And Productivity In Technology
The Liontrust Global Technology Fund invests in technology companies that create huge value for customers by driving down costs and prices and boosting productivity. When companies do this they create demand, develop products further and grow the ove
MoneyWeek2 min read
The Air Stewardess Who Became President
Mitsuko Tottori (pictured) began her career as a member of the cabin crew at a Japanese airline in 1985. The company she worked for then was later absorbed by Japan Airlines. Now, aged 59, she is the company’s president. The seeds of her success were

Related Books & Audiobooks