Category Archive: 3) Swiss Markets and News

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What’s causing allergies?

The small city of Davos in southeastern Switzerland, located at an altitude of 1,560m above sea level in the Swiss Alps, attracted tuberculosis patients back in the 1800s and 1900s, after scientists discovered that the clean mountain air had a positive effect on their health. With the development of antibiotics, however, the sanatoriums eventually lost their purpose. Today that same clean Davos air, marked by the absence of tree pollen, such as...

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Quantum technology enjoys first commercial successes

Quantum physics is moving out of the lab and into the marketplace. Switzerland, a strong researcher in this field, doesn’t want to miss out and is launching its own quantum initiative. For now, though, it will have to make do without Europe.

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Swiss pharma industry wants to reduce dependence on Asia

The Swiss pharmaceutical industry should be less dependent on active ingredients from Asia, says the president of the industry umbrella organisation, pharmaSuisse. Martine Ruggli has called for new drug companies to be built in Europe.

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Switzerland’s ‘cash initiative’ – what’s at stake?

Swiss citizens look set to vote on a people’s initiative to try to ensure their economy never becomes cashless. What do the campaigners behind the idea really want?

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Shortage of workers cited as top obstacle to Swiss economy

The president of the Swiss Employers' Association wants to increase the potential workforce in Switzerland by 300,000 people. To achieve this, women, young people, the elderly and refugees must be integrated into the labour market or be given more work, said Valentin Vogt on Swiss public radio SRF on Saturday.

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Where did it all go wrong for Credit Suisse?

Widespread analysis of what went wrong at Credit Suisse converges on a constant theme: an international bank that lost touch with its Swiss roots, led by people who put profits ahead of prudence. 

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Commodities trader Trafigura stung by ‘CHF500 million fraud’

Swiss commodities trading company Trafigura says it has been defrauded to the tune of $577 million (CHF530 million) by fake nickel shipments. The firm has launched legal action against a Dubai-based metals trader and the group of companies he runs out of the Middle East emirate.“

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Public sector workers strike in western Switzerland for higher wages

Around 3,500 public sector workers in the western Swiss canton of Vaud took part in a strike on Thursday. They are calling for wage indexation to keep up with inflation and rising living costs.

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Not enough clarity in recycling sector, Swiss oversight body says

The Federal Audit Office says there needs to be more transparency around the various fees and taxes which fund Switzerland’s recycling system. The auditors wrote on Wednesday that CHF176 million ($192 million) in recycling taxes and fees were collected in 2019: these included state-organised prepaid disposal fees on glass and batteries, and voluntary, private sector-run contributions on PET packaging, aluminium, tin cans, electrical appliances and...

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SWISS to resume regular passenger flights to China

Swiss International Air Lines (SWISS) says it will resume passenger flights to the Chinese city of Shanghai early next month following an easing of travel restrictions.

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The Swiss view of free movement within the EU

Livia Leu, Switzerland's chief negotiator with the European Union, has been talking about the challenges ahead in 2023, especially when it comes to the free movement of people. For about 20 years, Switzerland has regulated its relations with the EU in bilateral agreements, an alternative to EU membership that it would like to maintain. But the rules governing EU market access have now changed so the bilaterals need updating. The EU and Switzerland...

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How popular votes made Switzerland a global democracy leader

With its second federal constitution of 1874, Switzerland was suddenly catapulted to the forefront of democracy development worldwide. No canton had voted so strongly in favour of radical change as Schaffhausen. Adopting the new federal constitution marked a milestone in Swiss history. It brought about several important improvements, making up for just about everything the original constitution lacked. Many of these improvements would not have...

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The most critical questions about the Swiss central bank’s huge losses

The Swiss National Bank (SNB) booked a CHF132 billion ($143 billion) loss in 2022 and suspended profit-sharing transfers to the Confederation and cantons. What does that mean exactly? And how does the SNB fare in international comparison?  Fabio Canetg More from this author Last year, the SNB lost more money than ever before. And it is not alone: central banks around the world also recorded heavy losses. As a...

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Russian supermarket shelves are full of Nestlé products like Nescafé: report

In response to Russia’s war on Ukraine, the Swiss multinational Nestlé announced that it would reduce its range of product in Russia to “essential” goods such as baby milk. But supermarket shelves in Moscow paint a different picture, according to the NZZ.

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Swisscom revises policy to boost privacy of customers

Switzerland's largest telecommunications operator, Swisscom, is changing its approach to data disclosure in order better protect its customers. The operator reserves the right, after examination, to "seal" the electronic correspondence (e-mails) of its customers until a court has decided otherwise, the NZZ am Sonntag newspaper reported.

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How to access information in censored countries

China, Russia, Iran and other countries with dictatorships and strict regimes are increasingly blocking access to the free internet and are using the web to collect data. This guide explains how to avoid online censorship and use the internet safely and anonymously.

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Banking secrecy exception proposed for Swiss media

Swiss journalists could in future receive leaked bank data without fear of criminal prosecution if a parliamentary motion is incorporated in banking secrecy legislation.

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Corruption report: nepotism and conflicts of interest should be Switzerland’s focus

The 2022 Corruption Perceptions Index (CPI), published on 31 January 2023, shows that most countries are failing to stop corruption. The CPI ranks 180 countries and territories around the world by their perceived levels of public sector corruption, scoring on a scale of 0 (highly corrupt) to 100 (very clean).

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Will Switzerland sort out its differences with the EU in 2023?

In 2021, the Swiss government broke off negotiations with the EU on an institutional framework agreement to govern future relations. Now both sides are looking for a new path. In this video, Larissa Rhyn, a correspondent for Swiss Public Television, SRF, explains what’s at stake. --- 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...

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Study: solar panels only pay off in half of Swiss cities

Solar panel installations are only profitable in half of Swiss cities according to a new study. This could create hurdles for the expansion of solar energy in the country.

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