Category Archive: 3) Swiss Markets and News

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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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Credit Suisse prepares Swiss business sales to raise capital

Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around CHF4.5 billion, according to people briefed on the discussions.

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Credit Suisse pays $495 million to settle legacy case

Credit Suisse has agreed to pay $495 million (CHF496 million) to settle a case brought against it in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation.

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Geneva taxi drivers strike in protest of Uber

Dozens of taxi drivers staged a strike in Geneva to protest a decision by the authorities to allow the ride-hailing company to resume business in the Swiss city.

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Neuchâtel: where one woman broke the male monopoly on politics

The first woman in Switzerland ever to be elected to a cantonal parliament was Raymonde Schweizer. This Social Democrat came from the industrial town of La Chaux-de-Fonds in the Neuchâtel Jura. A trade unionist and feminist, she was elected on her first try in 1960, thereby becoming a trendsetter at a time when Swiss women were not even allowed to vote in national elections. Not once but twice was Neuchâtel the setting for key developments in the...

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Switzerland expects government surplus in 2022 and lower public debt from 2023

After a roughly CHF 40 billion blow to Swiss public finances due to the Covid pandemic, Switzerland’s financial outlook is beginning to look positive, according to a recent government press release.

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Swiss state pensions to get a boost in 2023

On 12 October 2022, Switzerland’s Federal Council announced an increase in state pensions from 1 January 2023 by 2.5%.

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