Swiss banks spend more on online advertising but lag in AI
2023-11-09
Retail banks have increased investment in digital marketing by 16% in a bid to attract younger clients.
Swiss government wants to lower licence fee to CHF300
2023-11-08
The government wants to reduce the annual radio and television licence fee from the current CHF335 ($372) to CHF300 by 2029. The turnover threshold for companies to qualify for exemption has been raised from CHF500,000 to CHF1.2 million.
No real wage growth expected in 2024: UBS survey
2023-11-08
Purchasing power in Switzerland is likely to remain under pressure next year. Companies surveyed by UBS want to pay their employees more wages for 2024, but higher salaries cannot compensate for the inflation.
Swiss potato harvest expected to drop by a third
2023-11-04
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This year’s potato harvest has been disappointing with growers expecting a drop of around a third compared with recent years.
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Yields are still difficult to estimate at the moment. The final figures will not be known until early December, Ruedi Fischer, President of the Swiss Potato Growers’ Association (USPPT), told press agency Keystone-SDA.+ Switzerland forced to import potatoes for chips and crispsBut it is already clear that there will be “above-average losses that we have never seen before”, he added, referring to an article in the German-language agricultural information service (LID). According to current forecasts, there could be a shortfall of 100,000 tonnes, particularly of potatoes
Will a project to reintroduce European bison into Swiss forests work?
2023-11-04
The European bison, a species that differs slightly from its north American cousin, died out in Europe. Now it is to be reintroduced in Switzerland. Can a densely populated country tolerate such a large wild animal?
Credit Suisse wins London lawsuit over RMBS-linked notes
2023-11-03
Credit Suisse on Friday won a lawsuit at London’s High Court over the sale of $100 million (CHF90.47 million) of notes linked to residential mortgage-backed securities.
Swiss authorities reportedly mull new rules to prevent bank runs
2023-11-03
Swiss authorities and lenders, including UBS, are discussing new measures to prevent bank runs after Credit Suisse’s last-ditch rescue earlier this year, four sources familiar with the matter told Reuters.
UBS clash at Supreme Court tests whistleblower suit rules
2023-10-11
The US Supreme Court considered reinstating a $900,000 (CHF810,000) jury verdict won by a fired UBS Group research strategist in a case that could make it easier for whistleblowers to win suits claiming retaliation under a federal investor-protection law.