Category Archive: 3) Swiss Markets and News

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Swiss running low on butter

A shortage of frozen butter in Switzerland has the industry wanting to import 1,000 tons. Dairy farmers disagree. On Thursday an umbrella group for the dairy sector announced that it had applied to the federal authorities for permission to import 1,000 tons of butter.

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Coronavirus: predicting post-lockdown Switzerland with positivity

As Switzerland moves towards easing Covid-19 social restrictions, some fear the virus will get away again. A key part of containing the spread is testing. One way to evaluate how comprehensive testing is is to look at positivity, the percentage of tests that are positive. 

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Switzerland facing biggest economic slump since 1975

In a revised forecast in the wake of the coronavirus pandemic, federal authorities predict GDP will contract by 6.7% in 2020 and recover slowly in 2021. On Thursday, the State Secretariat for Economic Affairs (SECO) announced that it had adjusted 2020 economic forecasts to take into account sporting events affected by the pandemic.

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How Swiss drones and robots are changing farming

Remote sensing, big data, artificial intelligence and robotics are being integrated into everyday farm management. Based on information relayed by a Swiss start-up, the owner of a sugar mill in India tells local cane farmers it’s almost time to harvest their crop.

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Coronavirus: the age difference behind lower Swiss death rate

Switzerland’s Covid-19 death rate has been lower than much of the rest of Europe. A lower infection rate among older people appears to be one reason. The rates of deaths among those either recovering or dying have been particularly high in Belgium (40%), France (34%) and Italy (31%).

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Is Venezuela’s gold a liability for Switzerland?

Venezuela is illegally mining and trading in gold, and Switzerland could be one of its clients, according to Swiss media reports. swissinfo.ch spoke to law enforcement, customs and financial authorities to find out whether they are taking action.

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Coronavirus called a ‘decisive test’ for the UN system  

The pandemic is testing the limits of the United Nations system, say Geneva and New York-based experts, amid funding challenges and an ongoing blame game between the United States and China. The UN is marking its 75th anniversaryexternal link this year. What could have been a year of celebration is becoming a year of crisis.

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Surviving Covid-19: the Swiss economy’s strengths and weaknesses

The current pandemic will plunge the world economy into recession, at least in the first part of the year. What tools does Switzerland have to minimise the economic and social damage of this crisis? And what factors could jeopardise the prospects for an economic recovery?

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Digital grassroots response to government bailouts

The CHF60 billion Swiss state bailout of companies is well underway. But there is a feeling that government funds that hand out loans and pay workers’ wages will not be enough. How do companies maintain contact with customers and develop their brands during a lockdown?

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Coronavirus: numbers in Switzerland slow further

By 14 April 2020, a total 25,936 cases of Covid-19 infection had been recorded in Switzerland, a rise of 3,683 over the preceding 7 days. However, despite the continued rise in cases there are indications measures to slowdown the spread of the virus are working.

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Interest groups present demands for coronavirus exit plans

Political parties, trade unions and other interest groups have published their proposals for the government to relax restrictions introduced to stem the Covid-19 pandemic. The calls come a day ahead of the government’s decision on a nationwide coronavirus exit strategy, notably a staggered resumption of business activities and the reopening of schools.

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More high-profile brands desert the Baselworld fair

Rolex, Patek Philippe and Chanel will not exhibit at the Baselworld watch and jewellery trade show in 2021. The announcement marks another blow to the event, which has already seen high-profile exits, including by the Swatch Group.

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Pandemic takes a heavy toll on consumer confidence 

Switzerland’s consumer confidence index plummeted to a “historically low” level in April, according to a Wednesday statement from the Secretariat for Economic Affairs (SECO). The index fell to -40 points, compared to -9 points in January, when the previous survey was conducted. That marks the lowest results since the early 1990s.

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Covid-19 therapy could come by end of year, vaccine in 2021

Swiss pharma and business insiders predict that an effective drug therapy against Covid-19 will be available by the end of this year, but a vaccine might take a year longer than that. “In the best-case scenario, a drug could be available before the end of 2020,” said on Monday Francesco De Rubertis, director and co-founder of Medicxi, a Geneva-based venture capital company that invests in biotechnology.

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Ranking finds Swiss cities less expensive

Zurich and Geneva are still among the world’s ten most expensive cities, but both have slid down the rankings since last year. The full effect of the coronavirus crisis remains to be seen. In the Economist Intelligence Unit’s annual report comparing the cost of living in cities around the world, Zurich is tied for 5th place with Paris; in 2019 it ranked 4th.

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One fifth of pupils ‘falling though remote learning net’

There is a big difference in the amount of time pupils are spending at their studies during the corona school closures, a Swiss-led study has found. Some children are doing five or more hours a day, others just one or two.

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Coronavirus: Switzerland extends lockdown until 26 April

On 8 April 2020, Switzerland’s government decided to extend the country’s lockdown measures for a further week. In a press release the Federal Council said the measures would be extended for another week and then possibly progressively loosened before the end of April.

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Cradle of agriculture in the Amazon region much older

People began growing manioc and squash much earlier than previously thought, a team of researchers led by the Swiss university of Bern has found. A study shows that the earliest human inhabitants of Moxos plains began transforming the tropical savanna eco-region in Bolivia 10,000 years ago, that is 8,000 earlier than previously thought.

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Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever

Two days ago, when a platoon of clueless CNBC hacks said that stocks were extremely undervalued, and must be bought (on their fundamentals, not because the Fed was about to nationalize the entire bond market and is set to start buying equity ETFs in the next crash), we showed just how "undervalued" the market was.

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New debt relief measures on the horizon for struggling firms

The Swiss government is examining plans to stave off bankruptcies of companies struggling with the fallout of the coronavirus crisis. But regular debt collection procedures will resume on April 20. Justice Minster Karin Keller-Sutter said the aim was to stabilise the economy and to secure jobs.

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