Category Archive: 3.) Swissinfo Business and Economy

Filter archive by: Show All Show only Articles Show only Videos

Migros moves ahead with downsizing plans

2024-06-18

by

2024-06-18

Migros is slimming down further. A buyer has been found for Melectronics, the Group announced on Tuesday. The retailer also intends to divest further subsidiaries. This will result in additional redundancies.

Read More »

‘Financial equalisation’ between Swiss cantons to increase in 2025

2024-06-11

by

2024-06-11

Redistribution payments between regions will rise by 4.8% to CHF6.2 billion ($6.91 billion) in 2025, the Federal Finance Administration (FFA) said on Tuesday.

Read More »

Ticino approves lower taxes for the wealthy

2024-06-09

by

2024-06-09

High incomes in the Swiss canton of Ticino will in future benefit from tax relief. A corresponding amendment to the law was approved by voters on Sunday. Compensatory measures for planned pension cuts for cantonal employees were also approved.

Read More »

Are we losing the race to control ‘killer robots’? | Listen to our Inside Geneva #podcast

2024-05-06

by

New lethal autonomous weapons are now becoming established in modern warfare. In the latest episode of our Inside Geneva podcast, we discuss their use and their regulation. Tap on the video on our main channel to listen to the full episode. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more...

Read More »

Jehisson Santacruz playing the Colombian kuisi

2024-04-27

by

Jehisson Santacruz is a Colombian artist who's been living in exile in Switzerland since 2019. He fled his home country more than once because of death threats. As part of the Colombian diaspora, he was able to take part in the search for testimonies launched by the Truth Commission, that's working to rebuild the national identity, giving a voice to the civil war's victims. He's very passionate about the arts and traditions of Colombia and played...

Read More »

SNB returns to quarterly profit thanks to Swiss franc weakness

2024-04-25

by

2024-04-25

The Swiss National Bank (SNB) returned to a quarterly profit because of the weakness of the Swiss franc, potentially helping officials to rebuild the central bank’s depleted capital base. The Zurich-based institution notched up a gain of CHF58.8 billion ($64 billion) in the first quarter, according to a statement on Thursday. That’s the strongest start to the year on record.

Read More »

The Rwandan genocide: 30 years on | Listen to our Inside Geneva #podcast #Rwanda #genocide

2024-04-16

by

In today's episode of our Inside Geneva podcast we look at the Rwandan genocide, 30 years after the slaughter of an estimated 800,000 Tutsis by Hutu militias. Why couldn't we stop it? And have we learned anything from it? Listen to our podcast to find out: 🎧Apple podcasts: https://podcasts.apple.com/ch/podcast/the-rwandan-genocide-30-years-on-witnessing/id1506227169?i=1000652583204 🎧Spotify:...

Read More »

Switzerland braced for wave of bank staff layoffs

2024-04-15

by

2024-04-15

Redundancies at Switzerland's largest bank will test the capacity of the financial sector to absorb jobs. A year ago Credit Suisse staff were stunned by the sudden demise of their bank. Many are now fighting for their careers with 3,000 Swiss posts set to be axed by their new employer UBS, starting this year.

Read More »

UBS must build up more equity, says Swiss government

2024-04-14

by

2024-04-14

UBS already has to build up additional equity capital because it has become much larger as a result of the Credit Suisse takeover, Finance Minister Karin Keller-Sutter said.

Read More »

Investigation into collapse of Credit Suisse beset by delays

2024-03-14

by

2024-03-14

In March 2023, Credit Suisse collapsed. An uncontrolled bankruptcy could only be prevented by big government aid and an emergency merger with competitor UBS. Switzerland is now waiting for a parliamentary inquiry report to reveal who was at fault as the bank disintegrated.

Read More »

CEO pay: can Switzerland compete with the US?

2024-03-07

by

2024-03-07

Swiss CEOs are some of the best paid in Europe but compared to peers in the United States, their salaries look modest. Some in the Swiss pharmaceutical industry see this as a problem.

Read More »

SWISS reports highest ever profit 

2024-03-07

by

2024-03-07

SWISS’ turnover totalled CHF5.3 billion ($6 billion) last year, the airline announced on Thursday, a significant increase on the previous year’s CHF4.4 billion, and a return to 2019 levels for the first time since the pandemic.

Read More »

Swiss vote: ‘yes’ to higher pensions, ‘no’ to retiring later | #switzerland #pension #vote

2024-03-04

by

Yesterday, Swiss voters agreed to increase state pensions and maintain the retirement age at 65. 🗳️ Here are three key points to bear in mind about the votes: 👉Voter turnout was far above average, at 58%. 👉It was the first time a people’s initiative launched by trade unions won over Swiss voters. 👉Not a single canton voted in favour of raising the retirement age to 66. Tap here to read our analysis piece about five key takeaways from the vote:...

Read More »

This Day in History – Switzerland recognises Kosovo’s independence | #switzerland #kosovo

2024-02-27

by

Exactly 16 years ago, the Swiss government joined the United States, the United Kingdom, Germany and others in recognising Kosovo’s independence from Serbia. February 27 became a joyous day for Kosovars in Switzerland but less so for Swiss-based Serbs. Around 250,000 people of Kosovo origin live in Switzerland. The bond between Kosovo and Switzerland remains strong, encompassing political and economic ties, as well as deep-rooted historical and...

Read More »

Swiss exports to Russia suspected of evading sanctions

2024-02-27

by

2024-02-27

Since the beginning of the Ukraine war, Swiss exports to countries close to Russia have increased significantly – which points to a possible evasion of sanctions.

Read More »

Young Socialists demand inheritance tax on ‘super rich’

2024-02-08

by

2024-02-08

The wealthiest in society “must pay for the fight against the climate crisis”, said the group on Thursday as they handed in over 140,000 signatures for a people’s initiative.

Read More »

India eyes $100bn investment deal with Switzerland and Norway

2024-02-07

by

2024-02-07

India is close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion (CHF87 billion) over 15 years in exchange for easier trade access to the world’s most populous nation, according to people with knowledge of the matter.

Read More »

Can South Africa accuse Israel of genocide? | Listen to our Inside Geneva #podcast

2024-02-06

by

The International Court of Justice (the United Nations’ top court) is considering charges of genocide against Israel. The case was brought by South Africa. Can that really work? Or will this high-profile case simply distract from other human rights violations? Find out all about it in our Inside Geneva podcast 👇 🎧Apple podcasts:...

Read More »

Switzerland marks start of China’s ‘high-level exchange’ with Europe

2024-01-15

by

2024-01-15

Chinese Premier Li Qiang is visiting Switzerland this week. The official state visit by China’s second highest ranking official signals a renewal in Sino-Swiss ties and the kick-off of his “high-level exchange” with Europe. Here’s what you need to know about official Swiss-Chinese relations.

Read More »

Swiss banker pleads guilty to tax offences in the US

2023-12-22

by

2023-12-22

A Swiss banker has pleaded guilty to tax offences in the United States. Between 2008 and 2014, he allegedly helped wealthy US clients hide their assets from the US authorities in accounts at Zurich-based Ihag Privatbank.

Read More »