Category Archive: 3.) Swissinfo Business and Economy

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Man convicted for fraudulently claiming massive Covid loan

2022-10-24

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2022-10-24

A 48-year-old businessman in Geneva has been given a two-year suspended prison sentence for making a fraudulent claim for a Covid loan that was 100 times the correct amount. He was found guilty of fraud and forgery of documents.

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Swiss companies ‘trapped’ in Russia

2022-10-24

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2022-10-24

Leading Swiss brands have withdrawn from Russia because of the war in Ukraine. However, research by a Swiss newspaper shows that while a company can leave a country, its products often remain on shelves.

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Swiss companies and towns join forces to save energy

2022-10-23

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2022-10-23

Switzerland has launched an Energy Saving Alliance of companies, government, cantons, civil society and municipalities in an effort to preserve gas and electricity supplies over the winter.

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Mountaintop solar farms spark tensions in Switzerland

2022-10-22

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2022-10-22

Building large solar parks in high-mountain regions is arguably an effective way to produce more power in winter and accelerate the energy transition. But it remains controversial in Switzerland, where environmental groups have contested planned installations.

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Switzerland sets out power contingency plans for winter

2022-10-21

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2022-10-21

The Swiss government has put forward plans to create reserve power plants aimed at shoring up the country’s energy supplies during the winter.

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SWISS expands capacity for summer flight schedule

2022-10-20

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2022-10-20

Swiss International Air Lines (SWISS) is planning to expand its flight schedule next summer to offer 85% of its pre-pandemic capacity. To this end, it is now busy recruiting flight attendants.

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Credit Suisse prepares Swiss business sales to raise capital

2022-10-20

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2022-10-20

Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around CHF4.5 billion, according to people briefed on the discussions.

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Credit Suisse pays $495 million to settle legacy case

2022-10-19

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2022-10-19

Credit Suisse has agreed to pay $495 million (CHF496 million) to settle a case brought against it in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation.

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Geneva taxi drivers strike in protest of Uber

2022-10-19

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2022-10-19

Dozens of taxi drivers staged a strike in Geneva to protest a decision by the authorities to allow the ride-hailing company to resume business in the Swiss city.

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Neuchâtel: where one woman broke the male monopoly on politics

2022-10-18

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The first woman in Switzerland ever to be elected to a cantonal parliament was Raymonde Schweizer. This Social Democrat came from the industrial town of La Chaux-de-Fonds in the Neuchâtel Jura. A trade unionist and feminist, she was elected on her first try in 1960, thereby becoming a trendsetter at a time when Swiss women were not even allowed to vote in national elections. Not once but twice was Neuchâtel the setting for key developments in the...

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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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