Category Archive: 3) Swiss Markets and News

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Swiss parliament demands cabinet reopen restaurants and theatres

2021-03-06

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2021-03-06

A recent parliamentary vote on whether to issue a formal request to the Federal Council, Switzerland’s executive, to reopen restaurants on 22 March 2021, found a majority of 97 to 90, according to Le Matin.

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Gender equality continues to make progress in Swiss workforce

2021-03-05

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2021-03-05

The proportion of women in Swiss company boardrooms and management ranks continues to rise, according to an annual survey of the largest employers in both private and public sectors.

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UBS publishes Annual Report 2020

2021-03-05

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2021-03-05

The Annual Report 2020 provides comprehensive and detailed information on the firm, its strategy, business, governance and compensation, financial performance and risk, treasury and capital management, as well as on the regulatory and operating environment for the 2020 financial year.

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SocGen Slashes Banker Bonuses Amid ECB Pressure

2021-03-04

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2021-03-04

Despite banks, broadly speaking, having a banner year in 2020 as central-bank-liquidity more-than-washed over the losses due to COVID and policy restrictions, banker bonuses have come under pressure.In Europe, the picture is more uncertain as banks' performance has been mixed.

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Switzerland gears up to place robots in classrooms

2021-03-02

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2021-03-02

Covid-19 has accelerated the transition to online teaching, raising questions about the role of robots in classrooms. Switzerland is rolling out its own robot learning programs, but it’s still a long way off before they will replace teachers.

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Switzerland’s low-income earners hit far harder despite lower Covid-19 infection rates

2021-02-28

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2021-02-28

The economic impact of the Covid-​19 pandemic has hit low-income households far harder than those on high incomes, according to a study published by the KOF Swiss Economic Institute at ETH Zurich.

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Former Swiss central banker throws in towel to lead OECD

2021-02-27

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2021-02-27

Former Swiss National Bank (SNB) chairman, Philipp Hildebrand, has pulled out of the race to become the next secretary-general of the Organisation for Economic Co-operation and Development (OECD).

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Record fall in Swiss hotel occupancy in 2020

2021-02-26

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2021-02-26

In 2020, the number of overnight stays in Swiss hotels fell by 40% to 23.7 million, a fall of 15.8 million nights compared to 2019. The fall, driven by Covid-19, is the largest fall in overnight stays in Switzerland since the end of the 1950s, according to Switzerland’s Federal Statistical Office.

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Swiss press divided over phased easing of Covid restrictions

2021-02-25

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2021-02-25

Is the government showing some backbone or being cowardly by keeping to its gradual pandemic reopening plans? The Swiss media can’t agree. For the German-speaking Neue Zürcher ZeitungExternal link broadsheet, the government – which confirmed its measures on Wednesday – is simply being obstinate.

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Swiss To Vote In Referendum On Government’s Emergency COVID-19 Measures

2021-02-25

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2021-02-25

Via 21stCenturyWire.com,After mounting a national campaign, and the work of determined local organisations, Swiss campaigners have managed to trigger a referendum for ending the government’s destructive COVID regulations.

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The Death Of Logic

2021-02-24

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2021-02-24

Authored by Matthew Piepenburg via GoldSwitzerland.com,Just over four years ago, as Bitcoin was making its first big moves in both price and public perception, John Hussman of Hussman Investment Trust penned a lengthy as well as seminal report entitled, “Three Delusions: Paper Wealth, a Booming Economy, and Bitcoin.

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Swiss tourism boss says ski resort openings have been justified

2021-02-23

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2021-02-23

The head of the Switzerland Tourism organisation reckons the decision to open ski resorts in the country this winter has – so far – proven to be a good one.

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Pandemic pushes Swiss away from cash 

2021-02-23

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2021-02-23

Cash has lost its appeal among the Swiss population as the coronavirus pandemic led more people to pay by bank card, mobile app or online, a recent survey has found. 

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Some Swiss cantons call for earlier restaurant re-openings

2021-02-21

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2021-02-21

Several cantons have called for restaurants to be re-opened a month earlier than the official nationwide plan presented by the government earlier this week.

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Switzerland’s record breaking deficit in 2020

2021-02-21

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2021-02-21

Switzerland’s federal accounts ended 2020 with a record-breaking deficit of CHF 15.8 billion. The deficit was caused by the pandemic.

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Alpine skiing industry faces uphill battle after reopening U-turn

2021-02-20

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2021-02-20

As a fresh covering of snow brought ideal skiing conditions to the Alpine resort of Piani di Bobbio last weekend, facilities manager Massimo Fossati eagerly anticipated the arrival of the first visitors in nearly a year.

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Poverty in Switzerland: fresh data on those struggling to get by

2021-02-20

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2021-02-20

In 2019, the poverty line in Switzerland was CHF 27,348 (US$ 30,500) for a single person and CHF 47,712 (US$ 53,200) for a couple with two young children. The figures are calculated by SKOS based on the cost of living in Switzerland. People with incomes below these levels in Switzerland are considered to by living in poverty.

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The Swiss eID law has flaws, but is another version worth the wait?

2021-02-19

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2021-02-19

The eID is billed as a long-overdue key to the digital world, a single access point for services provided by a range of public and private-sector organisations. But the model proposed by Switzerland – being put to a nationwide referendum in March – is far from watertight.

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Switzerland tops global e-commerce index

2021-02-18

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2021-02-18

Switzerland is the best equipped country for online shopping, according to a United Nations comparison of more than 150 states.

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The United Nations in Geneva – before and during the pandemic

2021-02-18

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2021-02-18

With the exception of a few organisations and institutions that continue to operate in person, such as the UN Human Rights Council, which is currently conducting its Universal Periodic Review process, the Office of the UN High Commissioner for Human Rights, the WHO and some permanent missions to the United Nations, most day-to-day business and multilateral activities are conducted online.

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