Category Archive: 3.) Swissinfo Business and Economy

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‘On boards of directors diversity is essential’

2022-10-17

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2022-10-17

Cornelia Ritz Bossicard leads swissVR, an independent Swiss association of board members. She explains the role that boards of directors and their members play in steering businesses.

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Swiss want more transparency in fight against money laundering

2022-10-15

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2022-10-15

The Swiss government has asked the finance ministry to draft a bill to increase transparency of beneficial owners of legal entities to help tackle financial crime.

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New World Stage calls for overhaul of UN Security Council

2022-10-13

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2022-10-13

The United Nations' Security Council goal was to ensure the collective security of humanity. Seventy years after its creation the five-member council needs a massive shakeup if it is to address today’s challenges argues Hassan Nafaa, professor of Political Science at Cairo University.

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Dixit Joshi: the new Credit Suisse CFO facing a daunting challenge

2022-10-12

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2022-10-12

As daunting first weeks go, Dixit Joshi’s takes some beating. After a weekend of damaging speculation on social media about the impending collapse of Credit Suisse, Joshi started as the bank’s chief financial officer last Monday with its share price plumbing new lows and a gauge of default risk spiralling higher.

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Swiss hydropower prepares for energy shortage

2022-10-11

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Europe’s severe drought this summer has hampered hydroelectric output across the continent. In Switzerland, the hot weather has caused glaciers to melt rapidly and Switzerland’s hydropower reserves are currently below-average. Will they be enough to help prevent an electricity shortage this winter?⁠ ⁠--- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss...

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Switzerland shares bank details with Nigeria for first time

2022-10-11

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2022-10-11

Five additional countries, including Nigeria, now benefit from an automatic exchange of banking information with Switzerland, taking the total to over 100 for the first time. 

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Uber to roll-out Swiss-wide ‘dual model’ for drivers

2022-10-10

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2022-10-10

The ride-hailing company says it will offer drivers the possibility of remaining independent or becoming official employees of a subcontractor firm.

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How to decrypt bitcoin for Wall Street

2022-10-09

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2022-10-09

The fluctuating price of bitcoin bears a repetitive hallmark: true believers hoard the vast majority of bitcoin in circulation and wait for the next wave of new disciples to push up the value by fighting for the scraps.

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Energy crisis acting as drag for Swiss economy

2022-10-08

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2022-10-08

The KOF economic institute has joined other forecasting agencies to lower its predictions for the Swiss economy. However, the experts do not expect a recession for the time being.

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Companies increasingly pessimistic about Swiss economy

2022-10-07

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2022-10-07

Chief financial officers (CFOs) are more pessimistic about the economic outlook for Switzerland than they were six months ago, according to a survey conducted by Deloitte for the second half of 2022.

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2021 a ‘mixed year’ for farmers and their profits

2022-10-06

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2022-10-06

Agricultural income in Switzerland grew slightly in 2021 to reach an average of CHF80,700 ($81,765) per farm, according to latest statistics.

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Explainer: how the Swiss electricity market works

2022-10-05

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2022-10-05

The energy crisis is causing electricity prices to soar across Europe, including in Switzerland. But the impact on the country is very unequal because of specific characteristics of its market.  

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Credit Suisse reassures investors over bank’s financial strength

2022-10-04

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2022-10-04

Senior Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about the Swiss bank’s liquidity and capital position in response to concerns raised about its financial strength.

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Swiss electricity savings drive slow out of the blocks

2022-10-04

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2022-10-04

Electricity consumption in Switzerland remained at normal levels last month despite a government appeal for households and industry to make savings.

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The strong Swiss franc – truth or myth?

2022-10-03

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2022-10-03

The Swiss franc has hit an all-time high against the euro. Even though it trades at an unprecedented CHF0.95 to the euro, the strong franc no longer poses a threat to the Swiss economy. What has changed in the last ten years? 

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Swiss landlords fear lawsuits for turning down heating

2022-10-03

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2022-10-03

Landlords and tenants are opposing government calls to reduce household heating to 19 degrees Celsius, warning it might spark a flurry of lawsuits.

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Melting Swiss glaciers reveal tragedies of the past

2022-10-01

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Switzerland’s melting glaciers have revealed more unexpected, macabre secrets than ever this summer: human remains and plane wreckage trapped in the ice for over 50 years. Such discoveries are set to multiply in the coming years, says Robert Bolognesi, a snow science expert. --- 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...

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Test hackers fail to breach Swiss Post’s e-voting system

2022-10-01

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2022-10-01

Not one hacker managed to penetrate the Swiss Post’s e-voting system during a security test, according to Swiss Post. The system withstood 60,000 attacks.

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$200 million fine for UBS and Credit Suisse

2022-09-30

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2022-09-30

The biggest two Swiss Banks have each been fined $200 million (CHF199 million) as part of a large-scale US investigation into the failure to preserve electronic communications.

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Swiss pensioners to be compensated for inflation

2022-09-29

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2022-09-29

Pensions in Switzerland should in future be topped up to fully account for the rising cost of consumer goods, parliament has agreed.

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