Category Archive: 3) Swiss Markets and News

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Episode 3: The Golden ticket

In our satirical video format, Swiss comedian and director Patrick Karpiczenko apologises for Switzerland’s transgressions – this time for so-called golden visas that have been given freely to Russian oligarchs.

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From high street to metaverse: finance embraces ‘bank killer’ technology

A bank client attaches her ‘non-fungible token’ personal identity to a digital wallet, containing both traditional money and cryptocurrencies, and accesses decentralised financial investments via the metaverse.

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Hackers to put latest Swiss e-voting software to the test

The Swiss Post’s e-vote system is opening itself to attacks by ethical hackers in an effort to weed out security flaws. The window for the test runs until September 2, during which time hackers will be able to launch attacks on the source code under realistic conditions, Swiss Post said on Monday.

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How Covid changed Swiss democracy

In April 2020, with the arrival of Covid-19, political analyst Martina Mousson expressed concerns about the curtailment of parliament and political rights in Switzerland. Two years on, she is visibly more relaxed about things.

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Crystal hunters in the Swiss Alps

Archaeologists are looking for crystals in the Swiss Alps as these are clues to how Stone Age craftspeople lived. Fragments of crystals can indicate how and where tools were made. Check out the full article on our website: http://www.swissinfo.ch/eng/sci-tech/in-pursuit-of-the-crystal-hunters/47669880 --- SWI swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide...

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Watchdog extends protective measures at Sberbank Switzerland

The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank.

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Cash payments lose further ground, poll finds

A new survey has confirmed a growing role of debit and credit cards as popular payment method in Switzerland. Some 52% of respondents in a survey said either of the cards were absolutely indispensable for them, the independent online comparison service, moneyland.ch, said.

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Europe energy woes raise concerns in Switzerland

The energy crisis in Europe continues to make headlines in Switzerland. This was reflected in the Sunday press which focused on German pressure on Switzerland to implement a gas saving plan, a petition to speed up hydroelectric projects and a spike in Swiss demand for electric heaters in anticipation of a difficult winter.

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The Swiss army: your questions answered Part 7

In Switzerland, all able-bodied men complete compulsory military service, while others opt for a civilian service. But how useful is a conscript army in light of what Russia did to Ukraine? This is one of many questions SWI readers sent to us. Daniel Reist, head of media relations for the Swiss armed forces, takes a shot at answering them. Our seventh question and the last in our series is: why are women not conscripted in Switzerland? ---...

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Swiss government seen as lacking team spirit

Nearly two out of three Swiss (64%) believe that Swiss government members do not work smoothly together, according to a survey carried out by the Sotomo research institute.

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Swiss fundraising effort creates tensions with Ukraine

The humanitarian charity Swiss Solidarity raised CHF126 million ($132.4 million) to help Ukrainian refugees and support local journalists. But Ukrainian authorities say they have yet to receive anything and appear to be getting impatient. 

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Switzerland faces shortage of air traffic controllers

Swiss air navigation service provider Skyguide says it is struggling to recruit air traffic controllers, especially in French-speaking Switzerland. Only five people are starting training in September, although there are 16 posts to be filled.

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No money likely from Swiss National Bank after large loss

Like most central banks the Swiss National Bank (SNB) is tasked with monetary stability. However, in the process it can inadvertently generate large profits and losses.

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Swiss sales of medicines to Russia jump during war

Swiss exports of medicines to Russia have risen sharply since the start of the Ukraine war, according to an analysis by business news agency AWP.

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Lufthansa strike to hit SWISS flights

The Swiss national carrier is cancelling around a dozen flights to Germany on Wednesday, owing to a one-day strike by ground staff at its German parent company Lufthansa.

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The Swiss army: your questions answered Part 6

In Switzerland, all able-bodied men complete compulsory military service, while others opt for a civilian service. But how useful is a conscript army in light of what Russia did to Ukraine?

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Swiss retail banks earn highest profit per customer

Swiss retail banks make the most profit per customer among wealthy nations, according to an international ranking.

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Switzerland may have passed 6th Covid peak

Data published this week on 19 July 2022, suggest that 6th wave Covid-19 infections in Switzerland may have peaked. Data published by Switzerland’s Federal Office of Public Health show 46,099 new cases over the 7 days to 18 July 2022. Over the prior 7 days there were 55,339 cases. Recorded cases have dropped 17% week on week.

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Energy experts warn of possible power shortages

Switzerland could face electricity and gas shortages in winter despite sufficient supplies at the moment and considerable reserves, experts say.

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Major Swiss private bank to scrap negative interest charges

Wealth manager Julius Bär has joined a growing list of Swiss banks that will no longer pass on the cost of negative interest rates to clients.

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