Category Archive: 3) Swiss Markets and News

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Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

HAYA Therapeutics CEO sees a future where his therapy could treat cancer and Alzheimer’s

Samir Ounzain, CEO of science start-up HAYA Therapeutics, talks about the limits of entrepreneurship in Switzerland, entering the US market and how his therapy for heart disease could change the world of medicine. Founded in 2019, HAYA Therapeutics aims to pioneer an approach to treating disease by turning sick cells back into healthy ones. The …

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Storm Benjamin, Swiss village relocation and festive lights curfew

Storm Benjamin batters Switzerland, Brienz villagers seek permanent relocation and a curfew on Christmas lights sparks debate. Here are three stories from Switzerland this week. --- 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...

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AI blamed for falling Swiss job vacancies

The expansion of artificial intelligence (AI) may explain a slowdown in the Swiss labour market, says staffing firm Adecco. +Get the most important news from Switzerland in your inbox According to a regular analysis by Adecco, the number of vacancies fell by 0.2% in the second quarter compared to the previous three months and by …

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Swiss vote: taxing the rich to save the planet?

Should Inheritance Be Taxed to Fight Climate Change? 💰🌍 ⁠ A new initiative in Switzerland proposes a 50% inheritance tax on fortunes over CHF 50million, aiming to fund the country’s green transition and tackle the climate crisis.⁠ ⁠ Supporters say it’s about climate justice, arguing that the wealthiest individuals, with their larger carbon footprints, should contribute more to sustainable solutions. The tax could generate billions for climate...

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Swiss logistics group Kuehne+Nagel to cut up to 1,500 jobs

Swiss logistics group Kühne+Nagel is launching a cost-cutting program, which will slash 1,000 to 1,500 full-time positions, following a slump in profits. +Get the most important news from Switzerland in your inbox Turnover fell by 7% to CHF6.04 billion. Gross profit adjusted for volatile freight tariffs fell by 4% to CHF2.11 billion. As a result, …

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Swiss farmers’ union applauds progress on EU treaty package

The Swiss Farmers' Union is in favour of the bilateral approach, but has not yet taken a definitive position on the new treaties with the European Union. In view of the dynamic adoption of legislation and the imprecise domestic implementation, it is calling for better involvement of the sector. +Get the most important news from …

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Swiss government seeks solutions to medicine shortages

This spring, a group of experts plans to examine a range of measures to tackle drug shortages in Switzerland. Some of the measures up for discussion include simplifying authorisations, closer supply monitoring, and stronger international networking. +Get the most important news from Switzerland in your inbox The group of experts chaired by Bernhard Pulver, former …

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Switzerland to leverage 2028 Olympics to promote tech and creative sectors

The Swiss government would like to use the opportunity of the 2028 Summer Olympic and Paralympic Games in Los Angeles to promote Switzerland by showcasing its strengths in culture, technology, sport and health. +Get the most important news from Switzerland in your inbox The government intends to do this through the House of Switzerland, the …

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Golf becomes big business in Switzerland

Half a billion francs a year: golf in Switzerland is no longer just a sport, but a booming economic ecosystem. +Get the most important news from Switzerland in your inbox Driving this is an increasingly sophisticated business model that ranges from membership fees to the sale of shares, as well as involving companies through sponsorships. …

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A third of Swiss chief financial officers expect local job cuts

According to a survey by the consulting firm Deloitte, Swiss chief financial officers (CFOs) are somewhat pessimistic about the future. In view of the strong Swiss franc and the US tariffs, many expect local jobs to be relocated abroad. +Get the most important news from Switzerland in your inbox According to the survey of 119 …

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Swiss pharma exports to Russia continue despite war

More than three and a half years after Moscow's attack on Ukraine, exports of the Swiss pharmaceutical industry to Russia remain largely stable. +Get the most important news from Switzerland in your inbox Companies justify this with their responsibility towards patients, but there is no shortage of criticism. According to figures from the Federal Customs …

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Swiss exports to US rebound in September

Swiss exports to the United States have overcome previously weak growth by posting a significant rise in September. +Get the most important news from Switzerland in your inbox Exports to all parts of the world rose by a seasonally adjusted nominal 3.4% to CHF22.8 billion, as reported by the Federal Office for Customs and Border …

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France’s wealthy shift funds to Luxembourg and Switzerland

Political turmoil and tax threats have accelerated investment flows to havens, asset managers say. French entrepreneurs and wealthy families nervous about political turmoil at home are investing record amounts in Luxembourg-based annuities and shifting other funds to perceived havens such as Switzerland. Wealth managers, bankers and lawyers said the flow of personal investments out of …

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Half-fare travel card here to stay, says Swisspass chief

Helmut Eichhorn, CEO of Alliance SwissPass, told the SonntagsBlick newspaper that the half-fare travel card for public transport will be maintained, following headlines in the press that it would be discontinued. +Get the most important news from Switzerland in your inbox The price reduction on travel on trains, buses, trams and boats with the current …

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Radical-Liberals back Switzerland-EU accords

The Swiss Radical-Liberal Party is in principle in favour of the new package of agreements negotiated by the European Union and Switzerland. Party delegates in Bern voted 330-104 to support the packages. Nine delegates abstained from voting. +Get the most important news from Switzerland in your inbox Before the vote, supporters and opponents of the …

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Metalor to invest CHF40 million in western Switzerland

Although Metalor aims to produce more gold in the United States, the company will not abandon its production site in Marin, canton Neuchâtel. According to its CEO, the company will invest between CHF40-50 million ($50-63 million) there over ten years. +Get the most important news from Switzerland in your inbox For Metalor, producing some of …

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Swiss firms among those leaving corporate climate initiative

A total of 893 companies have withdrawn from their climate commitments with the Science Based Targets Initiative (SBTi). These include major Swiss companies such as Swiss Re, Zurich and Sulzer. +Get the most important news from Switzerland in your inbox This number corresponds to 7% of all companies that had signed up to the initiative. …

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Patent battle in India tests Roche’s grip on rare disease market

An Indian court has cleared the way for low-cost alternatives to Roche’s drug Evrysdi for spinal muscular atrophy. What’s behind the decision and what could it mean for rare disease patients everywhere? On October 9 the Delhi High Court refused to issue Roche an injunction to prevent generic manufacturers from making and selling a low-cost …

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Up to 200 Swiss companies targeted by ransomware hacker group

The hacker group Akira has intensified its activities in Switzerland. Around 200 companies have fallen victim to ransomware attacks. The damage currently amounts to several million francs and several hundred million dollars worldwide. + Get the most important news from Switzerland in your inbox The Office of the Attorney General of Switzerland (OAG) has been …

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Swiss construction workers vote to strike over work hours dispute

More than 20,000 Swiss construction workers have voted in favour of strike action, two labour unions, Unia and Syna, said on Thursday. While a new national agreement is being discussed, the question of working hours remains as divisive as ever. + Get the most important news from Switzerland in your inbox "Construction workers are at …

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