Category Archive: 3) Swiss Markets and News

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WEF’s Asian relocation to cost Switzerland tens of millions

2020-12-11

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2020-12-11

Swiss hotels, restaurants and shops are counting up the cost of the World Economic Forum’s (WEF) flagship event moving to Singapore next year. This year’s 50th annual meeting realised a net gain of around CHF80 million ($90 million) for the Swiss economy.

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Italy suspends rail links with Switzerland

2020-12-09

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2020-12-09

Update: It appears rail connections between Italy and Switzerland will not be interrupted after Switzerland’s president and the Italian minister of transport spoke on Wednesday. Solutions have been identified to ensure compliance with Italy’s anti-COVID measures. Rail links are expected to gradually return to normal over the next few days, according to a report by RSI.

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Covid, December 10: Bern to consider new measures as cases rise again

2020-12-09

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2020-12-09

Laboratory-confirmed cases
On 8 December 2020, Switzerland’s Federal Council announced it was considering further restrictions starting from 12 December 2020 and running until 20 January 2021.

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WEF annual meeting moves from Switzerland to Singapore

2020-12-08

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2020-12-08

The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos.

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Swissair liquidator extracts CHF2.75 million from former bosses

2020-12-08

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2020-12-08

Former Swissair bosses have been ordered to pay CHF2.75 million ($3 million) almost 20 years after the national airline carrier went bust. The bill has been presented to 14 former managers after many years of legal wrangling and court battles.

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Covid continues to stress Swiss economy

2020-12-07

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2020-12-07

Overnight hotel stays fell by more than 40% during the summer as Switzerland locked down against coronavirus. The pandemic has also battered the finances of the airline industry, but most smaller companies have retained some optimism for the future.

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Coronavirus, December 7: the latest numbers

2020-12-07

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2020-12-07

Here is an overview of the most important Swiss-related coronavirus data and graphs, which are updated automatically.

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Koyo Kouoh: Art is in the cracks, not in the polish

2020-12-01

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The Meret Oppenheim prize took Koyo Kouoh by surprise, and not just because she doesn't care about prizes. The Swiss-Cameroonian curator says she never found much of an echo in Switzerland for her artistic interests – postcolonialism, African diaspora, and identity politics – for which she has received praise in many other countries. Koyo Kouoh, described by The New York Times in 2015 as “one of Africa’s pre-eminent art curators”, is always on...

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Five lessons from the Swiss ‘responsible business’ vote

2020-12-01

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2020-12-01

The battle over the responsible business initiative is now over. The way the campaign was managed and how the issue was eventually decided says a lot about Switzerland.

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Switzerland and the pandemic: does the economy matter more?

2020-12-01

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2020-12-01

For a nation that prides itself on being on the global forefront of new technologies and science, particularly health care, Switzerland has an astoundingly poor record for dealing with Covid-19. The Lake Geneva region, which borders locked-down France, ranks as one of the worst coronavirus hotspots in Europe.

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Swiss home prices rose over the third quarter of 2020

2020-11-30

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2020-11-30

Over the third quarter of 2020, home prices in Switzerland rose by an average of 0.2%. However, the prices of some homes rose while others fell.

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Bill Browder threatens legal action over Swiss bank accounts linked to Magnitsky scandal

2020-11-29

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2020-11-29

High-profile Kremlin critic and investor Bill Browder has threatened Credit Suisse and UBS with legal action for breaching US sanctions if they unfreeze accounts belonging to three Russian clients accused of a huge tax fraud against his investment company.

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Life as an expat in Swiss cities: the good news and the less good news

2020-11-28

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2020-11-28

From tip-top transport in Basel to housing headaches in Geneva, foreign residents share what they love and loathe about the four Swiss cities featured in the Expat City Ranking 2020. This content was published on November 26, 2020 - 09:00 November 26, 2020 - 09:00 Thomas Stephens Born in London, Thomas was a journalist at The Independent before moving to Bern in 2005. He speaks all three official Swiss languages and enjoys...

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Covid, November 27: French-speaking Switzerland to reopen retail and restaurants

2020-11-27

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2020-11-27

The SARS-CoV-2 virus has hit French-speaking Switzerland harder than the rest of Switzerland both before and since summer.

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Swiss pledge CHF104 million in development aid for Afghanistan

2020-11-27

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2020-11-27

At an international conference in Geneva to source funding for Afghanistan, Switzerland has renewed its annual CHF26 million ($28.48 million) pledge for another four years.

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Government hopes for ‘first successful pension reforms’ of the century

2020-11-26

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2020-11-26

In summer 2019 the social partners agreed on a reform of the Swiss occupational pension scheme. The government on Wednesday adopted this compromise unchanged; the ball is now in parliament’s court.

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Clariant plans to slash more jobs

2020-11-26

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2020-11-26

Swiss speciality chemicals firm Clariant has announced further job cuts amid a series of divestments.

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Making prosthetic limbs from recycled bottles

2020-11-25

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Recycling plastic to make new bottles is one thing, but using the material to create prosthetic limbs? That's another. Two Swiss designers are using their skills to improve the lives of amputees.

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What the Covid Vaccine Hype Fails to Mention

2020-11-25

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2020-11-25

Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is one shot, both covid vaccines require two shots given three to four weeks apart. Hidden toward the end of both announcements, were the definitions of “effective.”

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Covid, November 24: Switzerland’s infection rate continued to slow over the weekend

2020-11-24

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2020-11-24

Over the weekend, Switzerland averaged 3,250 new daily recorded cases (9,751 over 72 hours). This represents a significant drop from the daily peak of 10,128 cases reported on 5 November 2020.

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