Category Archive: 3.) Swissinfo Business and Economy

Switzerland ‘not at risk of truck driver shortage’

Unlike other Western European nations, Switzerland is not at risk of a supply chain crisis due to a lack of truck drivers, according to the president of a major logistics and transport company.

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Covid: Swiss private banks ‘got off relatively lightly’

Swiss private banks managed to increase their assets under management to CHF2.9 trillion ($3.15 trillion) last year, an increase of 2.8% on 2019.

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Switzerland could face electricity shortage by March

If progress is not made on an electricity agreement with the European Union, at least at a technical level, Switzerland is likely to face a significant problem guaranteeing electricity in the short and medium term, especially in winter.

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Qatar’s Quintet bank closes shop in Switzerland

Quintet Private Bank says it is closing its Swiss arm just 16 months after opening. The Qatari-owned private bank took over Bank am Bellevue last year.

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Businesses give mixed reaction to Covid certificate

While most Swiss hotels and restaurants are critical of the need to show a Covid certificate, overall small and medium-sized enterprises (SMEs) do not perceive it as a disadvantage.

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Anticipating future technologies for humanity’s well-being

A Geneva-based foundation has created a tool mapping out major scientific breakthroughs that could help decision makers and civil society prepare for their impact.

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Poll: Most Swiss back 30km/h speed limit in urban areas

Most Swiss residents would be in favour of a 30 kilometre (18 miles) per hour speed limit in urban areas, a survey has found.

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Global capital flows: how poor countries finance the rich

It’s an economist’s conundrum: global capital, instead of flowing from rich countries to poor countries, actually moves in the other direction. Each year hundreds of billions of dollars leave developing countries and land in the coffers of rich countries like Switzerland.

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‘Fantasy Basel’ re-opens after a two-year Covid break

The three-day Fantasy Basel festival for fans of films, games, comics, cosplay and manga has re-opened its doors after a two-year break.

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More Swiss firms facing cyber-attacks and ransom demands

Ransomware attacks by hackers continue to increase sharply, with some 2,700 Swiss firms falling victim over the past year, Beobachter magazine has reported.

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Swiss retain top spot in wealth management ranking

Switzerland is still number one in terms of wealth management internationally, despite the growth in new assets slowing in 2020, according to consulting firm Deloitte.

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2022 Geneva Motor Show cancelled

For the third year running, the Geneva International Motor Show will not take place in 2022 due to ongoing health concerns as well as supply shortages in the automotive sector.

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Opponents challenge media aid law to referendum

A cross-party group has handed in signatures opposing a support package for the media passed by parliament in June.

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Farmers make hay in 2020 but brace themselves for grim 2021

Covid, the weather and the pig market were kind to farmers in 2020, with income increasing 6.7% compared with 2019. But this year is looking much bleaker.

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Simona Aebersold, on being a world orienteering championships medallist and student

Simona Aebersold is 23 but has been running through forests and fields since she was a kid - her mom and dad are former top athletes and got her into orienteering very young. A 7-times world championship medallist, Simona is also a student at the University of Bern, where she's getting a degree in Sports science and Psychology. We met her in her garden, and she told us how she manages to balance her training sessions, competitions and exams. ---...

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Credit Suisse offices raided over Greensill funds

Swiss police have raided the offices of Credit Suisse and seized documents relating to the collapse of its $10bn fund range linked to Greensill Capital.

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‘Pandora Papers’ shed more light on activities of Swiss financial advisors

A new set of leaked documents, dubbed the Pandora Papers, has again exposed the role of Swiss lawyers, accountants and consultants in managing the wealth of powerful clients.

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Innovative Switzerland rolls out red carpet at Expo 2020 Dubai

After eight years of planning and billions of dollars in spending, the Middle East’s first World Fair has opened in Dubai. Switzerland is participating at Expo 2020 with its own pavilion.

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US charges Swiss finance firm and six people with tax evasion

Six people and a Swiss financial services firm have been charged in the United States with helping clients evade taxes on $60 million (CHF56 million) of assets.

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UBS tax evasion appeal verdict delayed in Paris

Swiss bank UBS will have to wait until December 13 to see if its appeal against a French €4.5 billion (CHF4.9 billion) tax evasion penalty is successful.

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