Category Archive: 3) Swiss Markets and News

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Inter-cantonal tax transfers to rise 5 percent in 2023

2022-11-19

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2022-11-19

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

2022-11-18

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2022-11-18

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

2022-11-17

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2022-11-17

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

2022-11-15

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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

2022-11-15

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--- 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

2022-11-14

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2022-11-14

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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Leading economist mildly upbeat about Swiss growth prospects

2022-11-13

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2022-11-13

Economic researcher Jan-Egbert Sturm expects the Swiss economy to stagnate in the next few months. The director of the Swiss Economic Institute (KOF) at Federal Institute ETH Zurich, said Switzerland had been been quite resilient in the current economic environment.

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Vote on pension reform most divisive in Swiss history

2022-11-12

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2022-11-12

Switzerland’s recent vote on state pension reform on 25 September 2022, divided men and women, reported RTS.

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Swiss construction workers protest over hours and pay

2022-11-12

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2022-11-12

After construction workers went out on strike for two days in French-speaking Switzerland, construction workers protested in Zurich over hours and pay on 11 November 2022, reported RTS. Photo by Rodolfo Quirós on Pexels.comWith inflation in Switzerland running at 3%, construction workers are demanding higher pay. However, the construction industry has responded with an offer of better pay tied to higher maximum hours. The industry would like...

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Bank predicts home rent rises in Switzerland

2022-11-11

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2022-11-11

According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes.

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Vivid pink diamond auctioned for CHF28.4 million

2022-11-10

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2022-11-10

A pear-shaped 18-carat pink diamond billed as a rarity has sold at a Geneva auction for CHF28.4 million ($28.8 million), including fees and taxes.

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The world’s longest passenger train through the Swiss alps

2022-11-09

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Switzerland’s largest private railway operator, Rhaetian Railway (RhB), set a new world record for the longest passenger train on a spectacular narrow gauge track. The train – comprising 100 carriages for a total length of 1,910 metres - travelled for 25 kilometres on the Albula/Bernina route from Preda to Alvaneu in canton Graubünden in southeast Switzerland. It comprised 25 newly delivered train units, or 100 carriages, making a total length of...

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UBS raided in money-laundering probe of Russian

2022-11-09

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2022-11-09

Police have searched two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, according to German officials and media.

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Let’s Talk: the future of Crypto Nation Switzerland

2022-11-08

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Switzerland has built a reputation for nurturing a new industry based on cryptocurrencies and blockchain technology. Experts give their take on the pros and cons of the fledgling ‘Crypto Nation’. More than 1,000 blockchain companies, supporting 6,000 jobs, have set anchor in Switzerland, encouraged by the welcoming political and legal infrastructure. But other countries are raising their game, determined to entice the world’s best technology...

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As pension funds lose out on stock markets, how safe is retirement?

2022-11-08

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2022-11-08

Stock markets this year have been heading steadily downhill. With Swiss pension funds feeling the impact, future retirement payments are only barely guaranteed.

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Swiss inflation stable in October

2022-11-07

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2022-11-07

Switzerland’s consumer price index (CPI) remained stable in October 2022 compared with the previous month, reported Switzerland’s Federal Statistical Office (FSO) this week.

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Switzerland should do more on tax avoidance, says EU parliamentarian

2022-11-07

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2022-11-07

Switzerland has made progress in reforming tax rates for multinational companies but still has work to do when it comes to turning a blind eye to tax avoidance.

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Court increases fines against Swiss art collector

2022-11-03

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2022-11-03

A court in Zurich has rejected an appeal by the renowned Swiss art collector and financier Urs Schwarzenbach in two cases of tax evasion in connection with the import of works of art.

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Let’s Talk: polar research and our struggling planet

2022-11-01

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Some may question the value of polar research when there are other problems closer to home. But what is happening in these remote regions has a knock-on effect all over the globe. SWI swissinfo.ch invited two Swiss-based scientists to discuss their experiences – including working on the sea ice and examining the largest glacier outside the north and south poles. Julia Schmale is a professor and head of the Extreme Environments Research Laboratory...

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Credit Suisse to cut 540 jobs in Switzerland by 2023

2022-11-01

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2022-11-01

The embattled Swiss bank Credit Suisse plans to shed 540 jobs in Switzerland by the end of the year, Chief Executive Officer Ulrich Körner told the NZZ am Sonntag newspaper. In the interview he gave more details on last week’s restructuring announcement.

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