Category Archive: 3) Swiss Markets and News
Credit Suisse turns to petrodollars to fund turnaround
Swiss bank Credit Suisse has returned to the Middle East to shore up its finances amid mounting losses and a deteriorating balance sheet.
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Swiss pandemic costs lower than feared
The coronavirus pandemic will have a lighter impact on Swiss state finances than previously feared but will still put the country’s budget in the red, the finance ministry forecasts.
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Credit Suisse cuts thousands of jobs to restore fortunes
Swiss bank Credit Suisse is shedding thousands of jobs, selling off parts of its business and raising billions in extra capital in a bid to reverse a downward spiral in fortunes.
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Swiss federal buildings to get solar panel makeover
The Swiss government has pledged to install solar panels on as many federal buildings as possible to help boost the production of energy from renewable sources.
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Swiss municipality to vote on banning adverts in streets
The inhabitants of Vernier, a municipality in Geneva, are set to have their say on banning advertising billboards.
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E-cigarette tax mooted in Switzerland
The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes.
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Kosovo’s post-war problems
The Serb community in northern Kosovo has been instructed by the government to ditch their Belgrade-issued number plates for Kosovan ones, but for many people, this is tantamount to accepting Kosovo's independence, something Serbia has avoided since 2008.
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Credit Suisse to settle tax probe in France
Credit Suisse Group and the French financial prosecution office have agreed to settle a tax fraud and money laundering case in France with a €238 million (CH234 million) payment to the state, a French court heard on Monday.
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How exclusion became the driving force for democratisation
It is a widely held belief that political inclusion has been an integral part of Swiss life since women gained the right to vote in 1971. Democracy, however, is a work in progress. To this day, some people remain excluded from Swiss political life.
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Coup d’Etat planétaire, le livre qui annonçait le great reset en 2019 en lecture libre.
Chers amis lecteurs, Après le succès de la diffusion de Dépossession en libre accès, voici la suite indispensable Coup d’Etat planétaire. Ce livre est la suite de Dépossession et je le mets lui aussi en libre accès.
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Public transport will not cost more in 2023
Ticket prices for Swiss public transport will remain stable for 2023 for the seventh consecutive year. Only “a few tourist businesses” are planning to adjust their fares for next year, says the SwissPass Alliance.
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Energy crisis ‘will last many years’, says economics minister
Swiss Economics Minister Guy Parmelin assumes the energy crisis will last several years. It is important, he says, not only to think about the winter, but to do everything to ensure that Switzerland produces more energy – that means more renewable energies and greater efficiency.
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Man convicted for fraudulently claiming massive Covid loan
A 48-year-old businessman in Geneva has been given a two-year suspended prison sentence for making a fraudulent claim for a Covid loan that was 100 times the correct amount. He was found guilty of fraud and forgery of documents.
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Swiss companies ‘trapped’ in Russia
Leading Swiss brands have withdrawn from Russia because of the war in Ukraine. However, research by a Swiss newspaper shows that while a company can leave a country, its products often remain on shelves.
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Swiss companies and towns join forces to save energy
Switzerland has launched an Energy Saving Alliance of companies, government, cantons, civil society and municipalities in an effort to preserve gas and electricity supplies over the winter.
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Two votes launched against Swiss tax and pension mariage penalty
In Switzerland, it pays not to be married. Married couples pay higher taxes and receive lower state pensions than unmarried couples. Two referenda were launched this week to change this, reported RTS.
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Mountaintop solar farms spark tensions in Switzerland
Building large solar parks in high-mountain regions is arguably an effective way to produce more power in winter and accelerate the energy transition. But it remains controversial in Switzerland, where environmental groups have contested planned installations.
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Swiss state employee pay and numbers should be cut, argues party
The Swiss People’s Party (UDC/SVP) argued this week that the CHF 6 billion spent on state employees should be cut, reported 20 Minutes.
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Switzerland sets out power contingency plans for winter
The Swiss government has put forward plans to create reserve power plants aimed at shoring up the country’s energy supplies during the winter.
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SWISS expands capacity for summer flight schedule
Swiss International Air Lines (SWISS) is planning to expand its flight schedule next summer to offer 85% of its pre-pandemic capacity. To this end, it is now busy recruiting flight attendants.
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