Category Archive: 3) Swiss Markets and News

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Coronavirus: Swiss tourism expected to lose 6.4 billion francs

2020-04-03

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2020-04-03

Tourism is one of the sectors hardest hit by the coronavirus and the response to it. Figures from a study by HES-SO Valais published by the newspaper Blick suggest the industry will see revenues in Switzerland drop 18%, or CHF 6.4 billion, in 2020.

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Businesses reach out to people at home

2020-04-03

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2020-04-03

While most businesses have temporarily shut down, others are starting up or finding new ways to reach the public in their homes. Some Swiss farm shops, like Thierry Miauton'sexternal link in Oleyres, canton Fribourg, are delivering local produce to people’s doorsteps, so the clients don’t have to risk possible contact with virus-contaminated shoppers in supermarkets.

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EasyJet Switzerland seeks state aid as virus empties skies

2020-04-02

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2020-04-02

Airlines around the world are battling to survive the coronavirus pandemic. After grounding its fleet of planes on Monday, EasyJet Switzerland has confirmed that it is hoping to receive Swiss state aid. EasyJet said on Monday that it had grounded its fleet of 344 planes and had no clear idea when it might resume flights. In Switzerland, the airline normally operates flights to Geneva, Basel-Mulhouse and Zurich airports.

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Coronavirus: loss of smell indicates “very high likelihood” of infection

2020-04-02

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2020-04-02

While there is currently no scientifically proven link between anosmia (loss of smell) and Covid-19, more and more experts are saying the symptom is a strong indicator. Gilbert Greub, head of the microbiology department at the CHUV hospital in Lausanne, is one such expert. “Given the widespread Covid-19 epidemic, I think that everyone who has a problem tasting or a problem smelling has a very high likelihood of testing positive and should be tested.

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UBS: Does Anyone Know What Is Happening?

2020-04-01

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2020-04-01

Does anyone know what is happening? Economic data is likely to become increasingly unreliable as a result of the coronavirus lockdown. We know the global economy will be bad. We will not know, with much accuracy, just how bad.

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Coronavirus: deciding who gets a ventilator

2020-04-01

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2020-04-01

By 31 March 2020, there were around 326 Covid-19 patients in intensive care and 228 on ventilators in Switzerland. It is estimated that there are around 750 ventilators across the country. If the health system reaches overload, medical professionals in Switzerland might be forced to make the kinds of difficult decisions being made in neighbouring France and Italy.

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Swiss real estate market suffers fallout from epidemic

2020-03-31

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2020-03-31

The Covid-19 crisis could spell an end to the previously rosy situation for Switzerland’s real estate investors. Investors in residential property look back on a successful 2019 both in terms of value increase and of returns. Forecasts for the current year were optimistic until recently, for both property owners and renters.

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Swiss firms rush to claim emergency coronavirus loans

2020-03-31

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2020-03-31

A third of a CHF20 billion ($21 billion) fund offering state guaranteed loans to small and medium sized Swiss companies has been used up just four days after being introduced. The loan facility has already promised CHF6.6 billion in funding of up to CHF500,000 to nearly 32,000 firms – an average of CHF207,000 per company.

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Record exports drive up Swiss chocolate sales

2020-03-30

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2020-03-30

The value of Swiss chocolate exports topped CHF1 billion ($1.05 billion) for the first time last year, led by increased demand from Canada, the United States, China, the Middle East and Singapore. Domestic consumption of the delicacy also grew slightly following declining demand in previous years. Sales for Swiss chocolate makers rose 2.2% in 2019 to reach almost CHF1.79 billion.

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France drops blocks on face mask exports to Switzerland

2020-03-30

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2020-03-30

After Germany, France has lifted restrictions on the delivery of hygienic face masks to Switzerland. Some two million masks are needed each day, according to the Federal Office for Public Health. The French embassy to Switzerland made the announcementexternal link on Saturday, paving the way for two shipments of FFP2 hygienic masks to go ahead from France to Switzerland.

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Coronavirus: Swiss test rate now higher than South Korea’s

2020-03-29

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2020-03-29

This morning, Switzerland’s federal government announced the number of Covid-19 tests conducted so far in Switzerland. South Korea, a nation often cited among those with high test rates, now trails Switzerland on the number per capita tests it has conducted.

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Coronavirus: Why staying home is merely a recommendation in Switzerland

2020-03-29

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2020-03-29

Readers of swissinfo.ch have many questions about the way the Swiss are handling the pandemic. In this first collection of answers, we tackle social distancing measures and how the population is taking them onboard. Switzerland has progressively tightened measures aimed at limiting the spread of Covid-19 across the country.

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Companies contemplate bleak coronavirus outlook

2020-03-28

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2020-03-28

Swiss companies are reporting slumping sales, cashflow problems and bottlenecks in the supply of crucial materials as the coronavirus crisis hits the economy. However, a survey also found that three out of four firms are satisfied with a CHF42 billion ($43 billion) state bailout package.

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Coronavirus: the fallibility of fatality rates

2020-03-28

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2020-03-28

Naturally, many of us would like to know the fatality rate of Covid-19. But at this stage it is guesswork. Here are some of the problems with two of the most popular fatality rates. The most popular calculation involves dividing the number deaths by the number of cases. Epidemiologists call this a naive case fatality rate (CFR). There are two ways to calculate this rate.

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Coronavirus: a test to see if you’ve had it is in the pipeline

2020-03-27

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2020-03-27

Coronavirus testing has been rationed in Switzerland, reserving it for high risk more severe cases, although doctors retain discretion to have anyone tested. It is likely those that have been infected and have recovered will have immunity and no longer be able to act as carriers of the disease.

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Global curbs on medical exports imperil poor nations

2020-03-26

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2020-03-26

Around 50 countries have introduced curbs on exports of medical supplies, including ventilators. This poses a major risk for poor countries, a Swiss study has revealed. The past fortnight has seen nations around the world scrambling for medical supplies and equipment to combat the fast-spreading coronavirus.

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Switzerland faces recession in 2020 due to pandemic, experts warn

2020-03-25

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2020-03-25

Switzerland is headed towards a severe recession this year due to the economic fallout of the coronavirus, experts warn. If the pandemic is brought under control, the Swiss economy should rebound strongly in 2021.

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Coronavirus: infection rates in some Swiss cantons now higher than Lombardy

2020-03-25

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2020-03-25

Lombardy, the region in northern Italy where the coronavirus outbreak first took off in Europe, now has fewer per capita cases testing positive for the virus than some Swiss cantons. Recent data from Italy show there were 179 cases per 100,000 in Lombardy. In Ticino, Switzerland’s worst affected canton, there were 329 cases per 100,000. Geneva (231) and Vaud (211) had Switzerland’s next highest rates.

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Big reductions in Swiss public transport services

2020-03-24

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2020-03-24

Swiss public transport has been widely reduced as of Monday, with the Federal Railways cutting back on services as part of nationwide anti-coronavirus measures. The scaling back of Europe’s most-used rail network in an effort to combat the spread of Covid-19 was announced last week as part of wider measures to reduce social contact and slow down the pace of life in the country.

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As COVID-19 Drives People Into Isolation, Wall Street’s New ‘Virtual Workplace’ May Become The Norm

2020-03-24

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2020-03-24

As governments take drastic measures to slow the spread of the Wuhan coronavirus pandemic, Wall Street - much like a plethora of other industries - has embraced the virtual workplace, according to Bloomberg.

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