Category Archive: 3) Swiss Markets and News

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Understanding ESG Bonds and Their Use Cases

Interest in ESG bonds has been steadily growing these past years, as investors seek to align their portfolios to climate and social goals like those featured in the Paris Agreement. There are different types of ESG bonds depending on their end goal: either directly support a project, or support a company in reaching general corporate targets. Green bonds, like social and sustainability ones, belong to the first type. Sustainability-linked bonds to...

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Ukraine: What Swiss sanctions-busters need to consider

Legal expert Mark Pieth is amazed that Switzerland is taking its own problematic approach to international sanctions against Russia. When Russia invaded Ukraine, the US and the EU announced economic sanctions, whereas Switzerland announced that it would first have to analyse the new situation. The obvious question there is what has the Swiss Government been doing for the past few weeks, as tensions have been rising?

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Prices of dairy products set to rise in Switzerland

Dairy prices are rising globally. Higher global prices are expected to trigger price rises in Switzerland as local dairy farmers follow the global trend, reported 20 Minutes. © Erix2005 | Dreamstime.comSince the beginning of the year, the price of a tonne of dried milk has risen by around 16% to US$ 4,503, according to the website Global Dairy Trade. Contracts dated March 2022 are priced slightly higher at US$ 4,510. Between 4 January and 15...

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Swiss employment reaches new record

Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021. Photo by Lex Photography on Pexels.comThe number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of those 15 or older. Sharp rise in hotel and restaurant jobs The number of people...

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Prosecutor calls for maximum fine for Credit Suisse

The Office of the Attorney General of Switzerland has demanded Credit Suisse be fined CHF5 million ($5.4 million) – the maximum provided for by law – for aggravated money laundering and subsidiary support of a criminal organisation.

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Empowering linguistic diversity in newsrooms

SWI swissinfo.ch is a team of journalists producing content in ten languages for an international audience. This multilingual work environment is inspiring and enriching but also comes with its special challenges. Take a look behind the scenes in our video and hear directly from our staff members about how they work. The employees of SWI swissinfo.ch come from many parts of the world. Around 15 languages are spoken across our departments. Our...

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Credit Suisse client data leak sparks political storm

Switzerland is facing calls to clean up its financial sector in the wake of the so-called “Suisse Secrets” controversy, which drew on leaked data from banking giant Credit Suisse. Many see the scandal as evidence of systemic shortcoming in the Swiss banking sector, which has undergone major reforms over recent years in a bid to shake off its image as a financial haven for criminals.

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SWISS suspends flights to Ukraine

Other airlines in the Lufthansa Group also announced plans to halt flights to the country. © Keystone / Christian Beutler Amid further escalations of the crisis in Ukraine, Swiss International Airlines has decided to temporarily suspend flights to Ukraine from next week. This affects flight connections in Kyiv. This content was published on February 19, 2022 - 17:22 February 19, 2022 - 17:22 Keystone-SDA/jdp All flights will be...

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Covid: weekly cases and hospitalisations fall further as Switzerland drops nearly all measures

This week, 118,555 new Covid-19 cases were reported in Switzerland, down 25% from the 157,683 cases reported a week earlier. The reported number of Covid-19 patients hospitalised also fell 20% from 492 to 392 across the week. Photo by Polina Tankilevitch on Pexels.comCovid-19 deaths were also down. Across the week, 61 Covid-19 related deaths were reported, a figure 13% lower than the 70 reported the week before. In addition, the number of...

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Glencore sets aside $1.5bn to settle UK, US and Brazil probes

Glencore expects to resolve bribery and corruption investigations in the UK, US and Brazil this year and has set aside $1.5 billion (CHF1.4 billion) to cover potential fines and costs.

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Swiss women in space

Far more men have been to space than women. The European Space Agency is recruiting and would be happy to hire females. To be considered, you need a master’s degree in a STEM subject (science, technology, engineering and mathematics), a medicine degree or a pilot’s license. The problem is that many girls in school consider STEM subjects to be a male domain.⁠ One Swiss woman who may have the right stuff is Deborah Müller, an engineer and manager at...

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Gaming influencer on Twitch

Millions of people watch others play games on live streaming portals. One of the biggest gaming platforms is Twitch. It's where you can find Stefanie "Stefy" Holenweg. Under the name "8bitblonde", she is one of the best-known Twitch users in Switzerland. She gives us a glimpse into her world, which is not just about games but also about social encounters. Private topics, such as heartbreak, are also discussed in her community....

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Swiss vote on animal testing ban

On February 13, the Swiss will vote for the fourth time on whether to ban animal testing in this country. The people’s initiative calls for a halt to all experiments on humans and animals and a ban on the import of new products developed using such methods. About 556,000 animals were used for experimental purposes in Switzerland last year, according to official statistics. That's a decrease of 18% relative to 2015, when the downhill trend started....

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What to do with abandoned stables? A thorny issue in Switzerland

Many people dream of owning a mountain home, especially in Switzerland, where the Alps are within easy reach of major towns and cities. But few come on the market and, when they do, they can be quite expensive.

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Switzerland remains in top 10 for lowest corruption

Switzerland was ranked tenth in the latest 2021 Corruption Perception Index (CPI) published by Transparency International this week.

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Price of wood pellets rises sharply in Switzerland

The price of wood pellets in Switzerland is up 20% over the last 12 months, according to Patrick Schmutz, a wood pellet expert, reports RTS. According toSchmutz, the price rise is due to a cold 12 months, especially last spring, and the success of wood pellet heating. More and more pellet-based heating systems are being installed in Switzerland.

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After pandemic slump, Swiss exports boomed in 2021

Swiss exports climbed to record levels in 2021, with chemicals and pharma driving much of the growth. Watches, especially luxury ones, also had a good year.

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Overwhelming majority of ICU patients in Switzerland unvaccinated, show data

On 25 January 2022, a study published by Zurich University Hospital found that 97% of Covid-19 ICU patients since the start of Switzerland’s Covid-19 vaccination campaign were unvaccinated.

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Higher tax deductions for parents in Switzerland starting in 2023

This week, Switzerland’s government set a date for the introduction of more generous tax deductions for childcare. From 1 January 2023, parents will be able to deduct up to CHF 25,000 per child in childcare costs from their annual taxable income, reported RTS. Currently, the maximum is CHF 10,100 per child.

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Vote against Swiss “Netflix tax” passes signature hurdle

In October 2021, Switzerland’s government created a law requiring online streaming services to pay money into a Swiss cinema fund. Under the law, from 2024, streaming services such as Netflix and Disney+ will need to pay a levy equivalent to 4% of their Swiss turnover into the fund, which would be spent on producing Swiss films.

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