Category Archive: 3.) Swissinfo Business and Economy

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A defender of Eritreans’ human rights

2020-11-10

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Immigration affects everyone in Switzerland, but some people more directly than others. Veronica Almedom, who arrived from Eritrea as a baby with her family, is now an activist for the human rights of Eritreans. Almedom grew up in Martigny in French-speaking Switzerland and is now a student at the University of Geneva. Since 2016 she has been a member of the Federal Commission on Migration. Since 2017 Switzerland has steadily tightened its...

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Swiss investors still leaning heavily on fossil fuels

2020-11-10

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2020-11-10

The Swiss financial market invests too much in oil and coal production, according to a review of nearly 200 financial institutions.

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Shareholders call for new priorities for manager salaries

2020-11-07

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2020-11-07

Shareholders in Switzerland want a rethink on how managers are paid and demand that priorities regarding corporate governance, sustainability and corporate social responsibility (CSR) be redefined, a survey has found.

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Zurich prosecutor charges former Raiffeisen bank chief Vincenz

2020-11-05

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2020-11-05

The Zurich public prosecutor has accused the ex-CEO of Swiss bank Raiffeisen Pierin Vincenz of fraud, embezzlement and bribery following a two-year criminal investigation.

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Which US president would be best for Swiss business?

2020-11-05

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2020-11-05

Swiss-US trade has been booming in recent years. Would it be better for the Alpine country to stick with the current set-up or trust in a potentially more conciliatory new American president?  

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Meet me at the the online ‘piazza’!

2020-11-04

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A woman living in a southern Swiss town noticed that people around her felt isolated and wanted to connect and share things but didn't know how. So she created the "smart village": a virtual town square. Monica Rush Solcà from the Italian-speaking region of Ticino set up a platform where people can meet and share things. The concept was later used in other towns in the region, with group members hosting events to advertise the service....

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Novartis boosts involvement in anti-Covid treatment

2020-10-31

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2020-10-31

The biotech company and the pharmaceutical giant want to develop and market a drug with a unique approach for the prevention and treatment of Covid-19.

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Swiss select ex-central banker for OECD top post

2020-10-30

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2020-10-30

The Swiss government has nominated Philipp Hildebrand, a former head of the country’s central bank, to lead the Organisation for Economic Co-operation and Development (OECD).

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What is it like to work in Switzerland?

2020-10-28

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Switzerland has a strong economy, low inflation, low national debt and a low unemployment rate. It’s hard to believe that only a few generations ago, Switzerland was poor and many had to leave to find work abroad. In this episode of 'Switzerland Explained' we look at how the job market has dramatically transformed since then and continues to change. In the 19th century, the country’s textile and chemical industry started taking off, followed by...

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Swiss consumers want repair label on electronic appliances

2020-10-24

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2020-10-24

No less than 98% of people polled by a consumer protection alliance are in favour of a labelling system that evaluates the repairability of electronic and household appliances. Most of them were also prepared to pay more for a product that offered specific repair guarantees.

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Zug and Geneva boost attractiveness with corporate tax cuts

2020-10-18

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2020-10-18

Canton Geneva has made the biggest jump in the annual Credit Suisse ranking of attractive business locations, moving up ten spots to sit just behind Zurich.

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Roche poised to launch mass Covid testing

2020-10-17

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2020-10-17

Swiss drug firm Roche says it is to launch a new Covid-19 antigen test before the end of the year, allowing faster, higher-volume testing. One of the most potent use cases could be at airports to ease the severe restrictions on air transport.

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Banks making slow progress on diversity issues

2020-10-16

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2020-10-16

A recent story from the New York Times implied that the resignation of Ivory Coast-born Tidjane Thiam at the helm of Credit Suisse earlier this year had racist undertones, and he was the only Black CEO among the world’s biggest banks. How does the banking world – especially Credit Suisse – address the issue of diversity among its ranks?

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Swiss return frozen CHF36 million to South American football federation

2020-10-16

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2020-10-16

Swiss authorities have returned about CHF36.6 million ($40 million) in funds frozen in Swiss bank accounts amid football corruption investigations into the South American football confederation CONMEBOL.

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Swiss government expects 2020 GDP to shrink less than feared

2020-10-15

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2020-10-15

Swiss economic output will shrink by 3.8% this year, a less bad coronavirus-triggered slump than previously expected, the State Secretariat for Economic Affairs (SECO) said on Monday.

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Techonology firm Ruag International to cut more jobs

2020-10-14

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2020-10-14

The Swiss aerospace and armament company, Ruag, says it will shed up to 150 jobs by the end of next year due to the coronavirus crisis.

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Heard the one about the Swiss sense of humour? switzerland

2020-10-13

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The Swiss have a reputation for being rather humourless – a stereotype many say is unfounded. How much is comedy linked to culture, politics and language that perhaps isn’t understood by outsiders? 

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Hotel sector sees gloomy outlook

2020-10-12

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2020-10-12

Swiss hotels are predicting a worsening outlook, as newspapers warn thousands of jobs could be lost in the sector. According to the latest survey by sector association HotellerieSuisse  at the beginning of this month, more than a third of hotels (37%) say they will have to lay off staff in the coming months.

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Swiss refiner breaks industry silence on sourcing gold from risky areas

2020-10-10

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2020-10-10

In a rare interview, PX Precinox CEO Philippe Chave defends his company’s record in Peru and says abandoning artisanal miners is not the way to achieve more sustainable and transparent mining practices.

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Swiss bank caught in Venezuelan money-laundering scandal

2020-10-08

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2020-10-08

The Swiss Financial Market Supervisory Authority (FINMA) has found that Banca Credinvest “seriously violated money-laundering regulations” in its handling of Venezuelan client relationships.

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