Category Archive: 3) Swiss Markets and News

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Swiss banks spend more on online advertising but lag in AI

Retail banks have increased investment in digital marketing by 16% in a bid to attract younger clients. 

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Swiss government wants to lower licence fee to CHF300

The government wants to reduce the annual radio and television licence fee from the current CHF335 ($372) to CHF300 by 2029. The turnover threshold for companies to qualify for exemption has been raised from CHF500,000 to CHF1.2 million.

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Switzerland scraps electric car tax exemption

Anyone who owns an electric car in Switzerland will have to pay automobile tax from January 1. The Federal Council decided on Wednesday to repeal this tax exemption for electric cars, which has been in effect since 1997.

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No real wage growth expected in 2024: UBS survey

Purchasing power in Switzerland is likely to remain under pressure next year. Companies surveyed by UBS want to pay their employees more wages for 2024, but higher salaries cannot compensate for the inflation.

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Swiss potato harvest expected to drop by a third

This year's potato harvest has been disappointing with growers expecting a drop of around a third compared with recent years. Yields are still difficult to estimate at the moment. The final figures will not be known until early December, Ruedi Fischer, President of the Swiss Potato Growers' Association (USPPT), told press agency Keystone-SDA.

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Will a project to reintroduce European bison into Swiss forests work?

The European bison, a species that differs slightly from its north American cousin, died out in Europe. Now it is to be reintroduced in Switzerland. Can a densely populated country tolerate such a large wild animal?

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Price cuts on 350 medicines in Switzerland

With the ever rising cost of of Swiss healthcare, the government has been hunting for savings. This week it announced that it has ordered price cuts on 350 medicines from 1 December 2023, reported RTS.

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Swiss finance minister wins 2023 obfuscation award

Every year, investigativ.ch, an association of investigative journalists, bestows an award on the public figure it deems to have exercised the lowest levels of transparency during the year.

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Swiss inflation returns in October

Consumer prices increased by 0.1% in October 2023, reported Switzerland’s Federal Statistical Office (FSO) this week.

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Credit Suisse wins London lawsuit over RMBS-linked notes

Credit Suisse on Friday won a lawsuit at London’s High Court over the sale of $100 million (CHF90.47 million) of notes linked to residential mortgage-backed securities.

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Swiss authorities reportedly mull new rules to prevent bank runs

Swiss authorities and lenders, including UBS, are discussing new measures to prevent bank runs after Credit Suisse’s last-ditch rescue earlier this year, four sources familiar with the matter told Reuters.

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UBS clash at Supreme Court tests whistleblower suit rules

The US Supreme Court considered reinstating a $900,000 (CHF810,000) jury verdict won by a fired UBS Group research strategist in a case that could make it easier for whistleblowers to win suits claiming retaliation under a federal investor-protection law.

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Fast fashion in Switzerland: why is it so bad?

Here are 3 interesting facts about fast fashion in Switzerland. Did you know that the Swiss spend the second most globally on “fast fashion”? Tell us in the comments what we’ve missed out. Click here to discover how researchers in Geneva are fighting fast fashion: https://www.swissinfo.ch/eng/why-switzerland-is-struggling-to-ditch-fast-fashion/48452620

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Proposal for budget Swiss health insurance

Last weekend, the PLR/FDP unveiled a plan to create a budget low cost health insurance option in Switzerland, reported RTS.

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Switzerland needs to be able to recharge 2.8 million vehicles

This week, the Swiss Federal Office of Energy (SFOE) published its predictions and ambitions for electric transport infrastructure.

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Villagers of Brienz/Brinzauls are facing an imminent rockslide

It is an emotional time for the people of Brienz/Brinzauls in Switzerland living in the shadow of a crumbling mountain, who have been told by the authorities to immediately evacuate their homes. #swissalps #rockslide #evacuation --- 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...

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Decoding the human brain

Artificial intelligence chatbots like ChatGPT generate remarkably human-like results. But how intelligent is it really? SWI swissinfo.ch visits Lab42, a new AI lab in Davos, which is deploying playful techniques to better understand the fundamentals of human intelligence. In addition to the annual World Economic Forum (WEF) gathering, Davos is home to several leading research institutes. The newest is Lab 42, which opened its doors in July 2022,...

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BEA 2023 – petting pigs and painting wooden cows at Bern’s big agricultural fair

The BEA is one of the most important agricultural fairs in the Swiss calendar. This year it’s celebrating its 70th edition. SWI swissinfo.ch’s Anika Rahm went to check it out and discovered that there was a lot more to see than cows and sheep. #agriculture #bern #switzerland #cow #fair #swissfood --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a...

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