Category Archive: 3) Swiss Markets and News
Switzerland approves CHF80 million in emergency aid for Ukraine
The Swiss government has boosted its humanitarian support to victims of the war in Ukraine. On Friday it approved CHF80 million ($86 million) as an “expression of its solidarity with Ukrainians in need”.
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Stay or go? Western consumer brands wrestle with Russian dilemma
Vladimir Putin’s invasion of Ukraine has led to an exodus of well-known western brands from Russia, but not every company has joined the rush.
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Switzerland and the EU: close, but not too close
The European Union assumed that Switzerland would one day join the club. But, if anything, the Alpine country in the heart of Europe is moving further and further away. It has no intention of joining. The EU considers Switzerland a troublesome country. In 1992 it said no to the European Economic Area. In 2021 it unilaterally broke off negotiations on a framework agreement with the EU. It says “Yes, gladly!” to economic cooperation, but “No,...
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Covid cases up 42% in a week in Switzerland
This week, 171,085 new Covid-19 cases were reported in Switzerland, up 42% from the 120,901 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised leapt too. This week 482 were admitted, up 37% from 352 the week before.
Photo by Pixabay on Pexels.comThe 7-day average case number had been in constant decline since the end of January 2022. However, the number of new cases turned upwards towards the...
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Swiss Post Office bounces back from pandemic difficulties
The Swiss Post Office more than doubled profits to CHF457 million ($493 million) last year as it was less affected by pandemic restrictions.
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Switzerland listed as ‘unfriendly’ country by Russia
Russia has drawn up a list of around 50 countries, including Switzerland, that have committed “unfriendly actions” against Russia, its companies and citizens, in the wake of severe economic sanctions over the war in Ukraine, the Russian state media agency TASS reports.
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A visit to the AI lab
Taking high-quality images with our smartphones, translating texts from one language to another in just a few seconds, streaming services that make suggestions for music and films – these are some of the many tasks that are performed by algorithms. It takes a lot of data and training for these algorithms to perform well, which in turn, require a lot of people and computing power.
For the average user, it is often not easy to understand what...
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Swiss parliament paves way for genome editing
The Swiss parliament has decided to ease restrictions on genetic engineering in agriculture, while extending in principle a moratorium for genetically modified organisms (GMOs) until 2025.
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Russia sanctions list: What the West imposed over the Ukraine invasion
The US, UK and EU have adopted sanctions aimed at freezing the assets of President Vladimir Putin and his foreign minister, Sergei Lavrov, in response to the war in Ukraine.
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Swiss emergency relief supplies arrive in Ukraine
Around 35 tonnes of emergency aid, including medical equipment and tents, sent from Switzerland to help victims of the war in Ukraine have arrived in the capital, Kyiv.
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Covid: weekly cases and hospitalisations rising again in Switzerland
This week, 120,9017 new Covid-19 cases were reported in Switzerland, up 24% from the 97,335 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised edged up slightly from 340 to 352 compared to the week before.
Photo by cottonbro on Pexels.comThe 7-day average case number had been in constant decline since the end of January. However, the number began to turn upwards in the days leading up to the end...
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Why Switzerland doesn’t want to join the European Union
Switzerland and the European Union have a complicated relationship. The recent decision by the Alpine nation to definitively shut the door on a framework agreement with the EU reaffirms its attachment to its independence. It shows that 30 years after refusing to join the EU, Switzerland's stance has only been reinforced. We look at some of the main reasons why.
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Chart of the week: Swiss retirement age compared
Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees.
Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper....
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Switzerland builds business case for non-fungible tokens
NFTs have hit the headlines with spectacular sakes of digital artworks, such as the wildly popular CryptoPunks. Keystone / Obs/4artechnologies
The latest blockchain phenomenon, the non-fungible token (NFT), has generated vast profits for artists and a raft of fraudulent scams. Several Swiss NFT projects have set out to prove that the technology can have a lasting impact beyond the spectacular headlines.
This content was published on March 5,...
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Switzerland simplifies process of employing foreign workers
Companies will no longer have to prove there are no Swiss job candidates in some sectors. Moves to cut red tape for non-EU foreign workers in Switzerland will not necessarily lead to more work visas being issued.
On Friday, the government announced measuresExternal link to make it easier to hire skilled workers from such countries as India, Britain, China and the United States.By making it simpler to award B and L work permits, Switzerland hopes...
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Switzerland triggers wide range of sanctions against Russia
More than a million Ukrainians have fled their country since the Russian invasion.
Switzerland said it is activating sanctions against Russia on Friday, including a ban on many industrial exports and wide-ranging restrictions on financial activities, which includes cutting Russian banks from the SWIFT financial messaging system.
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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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