Category Archive: 3) Swiss Markets and News

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Swiss initiative wants flight tax to fund public transport

The Swiss environmental organisation Straffico has launched a popular initiative to tax air travel to pay for the expansion of public transport. + Get the most important news from Switzerland in your inbox The initiative is called "For strong public transport and fair flight prices (Mobility Voucher Initiative)". + We can still solve the climate …

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Novartis feels heat from copycat drugs

Novartis has felt the dampening effect of generic drugs at the start of the year. Nevertheless, management confirmed its previous outlook for the further course of business. + Get the most important news from Switzerland in your inbox Turnover for the first quarter totalled $13.1 billion, a decrease of 1% compared to the same period …

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Swiss finance minister accuses UBS of over-aggressive lobbying

Swiss finance minister Karin Keller-Sutter has complained of UBS bank putting parliamentarians under pressure ahead of a vote on banking regulation. + Get the most important news from Switzerland in your inbox Such strong lobbying by a private player is unusual in Switzerland, she said in an interview with the Blick newspaper. "I hear from …

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Switzerland expands as Europe contracts and neither is happy  

A Swissinfo analysis unpacks how demographic change and workforce migration are transforming Europe and Switzerland. There is no viable roadmap for the future, limited winners, and profound disruptions on the horizon. In hospitals in the German-speaking region of Switzerland, rather than using local dialects, people speak standard German. Without foreign staff, the Swiss healthcare system …

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More Swiss working beyond retirement age

The share of people aged 64 and older in the overall workforce in Switzerland has more than doubled since 2005, according to new figures from the Swiss Labour Force Survey. + Get the most important news from Switzerland in your inbox Twenty years ago, around 87,000 people were working after reaching the standard retirement age; …

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Telecoms firm warns of sharp rise in cyber threats in Switzerland

The cyber threat environment in Switzerland has worsened significantly, an analysis by telecoms firm Swisscom has found. Artificial intelligence, geopolitical tensions and growing digital dependencies in particular are driving up risks for businesses. + Get the most important news from Switzerland in your inbox In a new report, Swiss telecoms provider Swisscom identified a significant …

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Uzbek former first daughter goes on trial in Switzerland

The trial of Gulnara Karimova, daughter of the former president of Uzbekistan, begins on Monday at the Federal Criminal Court in Bellinzona. Karimova is charged with money laundering, breach of trust, corruption, and leading a criminal organisation known as "The Office". + Get the most important news from Switzerland in your inbox Also in the …

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‘Energy independence day’ highlights Swiss reliance on imports

Until Monday, local resources were sufficient to cover Switzerland's energy needs. For the rest of the year, Switzerland will be dependent on imported energy sources, in particular oil, gas and uranium. + Get the most important news from Switzerland in your inbox This is shown by the latest calculation from the Energy Foundation. Today, Switzerland …

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SWISS flight evacuated in Delhi after engine problem during take-off

A Swiss International Air Lines (SWISS) flight from Delhi to Zurich had to abort its take-off early on Sunday and six passengers were injured during an emergency evacuation at Delhi Airport after a suspected engine problem. + Get the most important news from Switzerland in your inbox One of the aircraft's engines failed and caught …

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Swiss entrepreneur finds success on second attempt in Brazil

Salvatore Scimonetti left small-town Switzerland for Rio de Janeiro, where he found not only love but an entrepreneurial calling – amid setbacks, reinvention and constant uncertainty. The turning point in Scimonetti’s life did not begin with a business plan, but with a sunrise in Brazil that “really touched” him. It was love at first sight …

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Nine arrested in Netherlands over Europe-wide ATM attacks

An international police operation has led to the arrest of nine suspects in the Netherlands in connection with a wave of explosive attacks on cash machines across Europe, including several in Switzerland, the Office of the Attorney General of Switzerland (OAG) said on Friday. + Get the most important news from Switzerland in your inbox …

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Lifting the lid on a peculiar Swiss passion

If you’ve ever ordered a coffee in Switzerland, the chances are you got a little creamer on the side. Did you carefully pocket the colourful foil top, the Kaffeerahmdeckeli? Probably not. For many Swiss, however, collecting these is almost an addiction – at least it used to be. “The collectors of coffee creamer lids were … Continue...

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What does ‘Made in Switzerland’ mean exactly?

Less than a decade ago, Switzerland imposed strict rules on which products can use the Swiss cross as a ‘Made in Switzerland’ label. Now, a case involving footwear manufacturer On has led to a loosening of these rules. The Swiss Federal Institute of Intellectual Property (IPI) announced a “clarification of practice” at the end of … Continue...

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High oil prices could boost renewables, says Energy Vault CEO

Robert Piconi, the Chair and CEO of Energy Vault, says high oil prices could actually be good news. Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in 2022 … Continue...

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What will be the next obesity blockbuster?

The latest weight loss drugs like Wegovy and Mounjaro have changed the lives of many people with obesity. What will the next generation of obesity drugs look like? --- 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:...

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Swiss oil traders anticipate high prices and strong profits

The Iran war and subsequent blockade of the Strait of Hormuz are driving up energy prices. Oil traders shared insider insights at their annual meeting in Lausanne. Energy supplies are becoming less secure due to the war in Iran and the blockage of shipping in the Strait of Hormuz. At the centre of this geopolitically …

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Geneva civil servants march against planned budget cuts

Nearly 2,000 people took part in a demonstration in Geneva on Thursday against planned cantonal cost-cutting measures. The march was preceded by a half-day strike. +Get the most important news from Switzerland in your inbox "Strike, strike and mobilisation: that's it, that's the solution," the demonstrators chanted as they marched through Geneva on Thursday. By …

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Nestlé announces up to 180 job cuts in France

The food giant Nestlé is planning to cut up to 180 support jobs in France. The head office in Issy-les-Moulineaux (Hauts-de-Seine) and two research centres in Tours (Indre-et-Loire) and Lisieux (Calvados) will be affected, the company said on Thursday. +Get the most important news from Switzerland in your inbox These projects are part of the …

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SWISS and other Lufthansa airlines introduce new fares

Several airlines in the Lufthansa Group, including SWISS, are introducing a new entry-level fare. This applies to short- and medium-haul flights for passengers travelling with only one personal item, such as a laptop bag or a small rucksack. +Get the most important news from Switzerland in your inbox This new entry-level fare, called “Economy Basic”, …

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Switzerland signs investment protection deal with Saudi Arabia

During a state visit to Saudi Arabia, Swiss President Guy Parmelin signed a new agreement on the promotion and mutual protection of investments. Parmelin had travelled to the Kingdom to mark the 70th anniversary of diplomatic relations. +Get the most important news from Switzerland in your inbox The Swiss President held bilateral talks with the …

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