Category Archive: 3) Swiss Markets and News

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Parliament agrees on division of minimum tax revenues

Switzerland’s 26 cantons will receive 75% of the additional revenue from the minimum taxation of large companies, the government 25%. On Tuesday the House of Representatives agreed with the Senate on the proposal to tax all companies with a turnover of more than €750 million (CHF740 million) at 15%, in line with a reform decided by the OECD and the G20.

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Third of pensioners can continue to save in old age

Many retirees in Switzerland can continue to put money aside, with a majority also willing to bequeath the money they have saved. Specifically, 34% of the people surveyed in Switzerland aged 65 and over are building up assets instead of reducing them, according to a Swiss Life survey published on Wednesday.

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Credit Suisse business is stable, claims chairman

Credit Suisse is “definitely stable”, Chairman Axel Lehmann has told Swiss public television, SRF, adding that the embattled bank had seen a stabilisation in the outflows of client funds.

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Winter energy woes cast shadow over Swiss ski season

Swiss ski resorts are gearing up for their biggest winter season since the Covid-19 pandemic. But soaring power prices in the wake of the Ukraine war have resort managers scrambling to find ways to save energy. Simon Bradley Born in London, Simon is a multimedia journalist who has worked for www.swissinfo.ch since 2006. He speaks French, German and Spanish and focuses on science, technology and innovation issues. More from...

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Online replaces TV as most influential form of media

Online media replaced television as the most influential media genre in Switzerland for the first time in 2021, according to a study. Large brands such as 20 Minuten and Swiss public radio and television, SRF, lost influence in favour of smaller titles.

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Bern against federal plan to subsidise health insurance 

A federal initiative aimed at subsidising health insurance premiums once they exceed 10% of disposable income met with resistance in Bern this week, reported RTS.

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No rise in Switzerland’s rent rate

Every three months the rate of interest used to set the rents in Switzerland is reviewed. If it goes down some renters have the right to request a decrease in rent. If it goes up landlords can push up rents. This time the rate remained at 1.25%, however it looks set to rise next year.

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Pay rise agreed for Switzerland’s public sector workers

On 2 December 2022, Switzerland’s Federal Council agreed to boost the salaries of those working for the federal government by 2.5% in 2023.

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Swiss Abroad: Stay in touch with Switzerland

SWI swissinfo.ch, a branch of the Swiss Broadcasting Corporation (SBC), provides targeted information to all the Swiss living abroad. We deliver the latest news from and about Switzerland. We report on political events in Switzerland and on the international stage. We also look at how the government and the cantons deal with issues relating to the Swiss Abroad. SWI swissinfo.ch provides independent reporting on Swiss politics, business, science,...

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Credit Suisse looks to speed up cuts as revenue outlook worsens

Swiss bank Credit Suisse is looking for ways to accelerate cost cuts announced just weeks ago as client outflows and a slowdown in activity weigh on its revenue outlook, according to three people with knowledge of the talks. The cost savings are likely to involve more job cuts than previously announced for the first wave of reductions, including in its mainstay wealth business, said the sources, who asked to remain anonymous because the...

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Solution found in construction labour dispute

Construction workers and trade unions in Switzerland have reached an agreement in a long-running labour dispute. Builders will receive CHF150 ($158) more a month in effective wages from next year and minimum wages will increase by CHF100 a month.

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Swiss rents set to rise as much as 15 percent

Close to half of renters is Switzerland could face significant increases in rent, estimates Zürich Kantonalbank (ZKB), with rents potentially rising as much as 15% over the next five years, reported the newspaper Blick.

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Credit Suisse says only a few customers are closing accounts

The head of Credit Suisse’s Swiss division says that only a few clients are actually closing accounts at the bank. His comments after the troubled bank reported high customer fund withdrawals globally.

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Two out of three Swiss resorts raise ski-pass prices

Some ski lift companies are charging up to 15% more for passes this winter as high energy prices bite, a survey by CH Media shows.

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Inter-cantonal tax transfers to rise 5 percent in 2023

On 16 November 2022, Switzerland’s federal government announced the sums that will be transferred between the nation’s statelets or cantons in 2023, a mechanism aimed at ensuring wealthy cantons support those with weaker economies.

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Global goods inspector SGS to shed 1,500 jobs

The world’s largest goods inspection and testing group SGS will shed 1,500 jobs worldwide in a cost saving drive.

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Government firms up plans in case of gas outage

In case of a shortage, households and businesses which heat with piped gas would be asked to lower temperatures to 20°C, the government has said.

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Women soldiers in peacekeeping SWISSCOY contingents

Women are still a minority in international peacekeeping operations. The Swiss armed forces’ contingent in Kosovo, SWISSCOY, shows just how important their role can be. We spent a day with Iris Probst, who now just completed her training module which is part of her three-month pre-deployment preparation at SWISSINT, the Swiss armed forces’ centre for international peacebuilding in Stans-Oberdorf, in canton Nidwalden. She has now been posted to...

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Let’s Talk Banking: Crypto

--- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel: http://www.youtube.com/swissinfovideos Subscribe: http://www.youtube.com/subscription_center?add_user=swissinfovideos

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Swiss health office and pharma firm at odds over flu spray

The Swiss health authorities and the manufacturer AstraZeneca are at loggerheads over a nasal spray to vaccinate children and adolescents against influenza.

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