Category Archive: 3.) Swissinfo Business and Economy

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How Covid changed Swiss democracy

2022-08-09

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In April 2020, with the arrival of Covid-19, political analyst Martina Mousson expressed concerns about the curtailment of parliament and political rights in Switzerland. Two years on, she is visibly more relaxed about things.

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Crystal hunters in the Swiss Alps

2022-08-05

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Archaeologists are looking for crystals in the Swiss Alps as these are clues to how Stone Age craftspeople lived. Fragments of crystals can indicate how and where tools were made. Check out the full article on our website: http://www.swissinfo.ch/eng/sci-tech/in-pursuit-of-the-crystal-hunters/47669880 --- SWI swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide...

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Watchdog extends protective measures at Sberbank Switzerland

2022-08-05

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2022-08-05

The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank.

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Cash payments lose further ground, poll finds

2022-08-04

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2022-08-04

A new survey has confirmed a growing role of debit and credit cards as popular payment method in Switzerland. Some 52% of respondents in a survey said either of the cards were absolutely indispensable for them, the independent online comparison service, moneyland.ch, said.

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Europe energy woes raise concerns in Switzerland

2022-08-03

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2022-08-03

The energy crisis in Europe continues to make headlines in Switzerland. This was reflected in the Sunday press which focused on German pressure on Switzerland to implement a gas saving plan, a petition to speed up hydroelectric projects and a spike in Swiss demand for electric heaters in anticipation of a difficult winter.

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The Swiss army: your questions answered Part 7

2022-08-02

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In Switzerland, all able-bodied men complete compulsory military service, while others opt for a civilian service. But how useful is a conscript army in light of what Russia did to Ukraine? This is one of many questions SWI readers sent to us. Daniel Reist, head of media relations for the Swiss armed forces, takes a shot at answering them. Our seventh question and the last in our series is: why are women not conscripted in Switzerland? ---...

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Swiss government seen as lacking team spirit

2022-08-02

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2022-08-02

Nearly two out of three Swiss (64%) believe that Swiss government members do not work smoothly together, according to a survey carried out by the Sotomo research institute.

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Swiss fundraising effort creates tensions with Ukraine

2022-08-01

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2022-08-01

The humanitarian charity Swiss Solidarity raised CHF126 million ($132.4 million) to help Ukrainian refugees and support local journalists. But Ukrainian authorities say they have yet to receive anything and appear to be getting impatient. 

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Switzerland faces shortage of air traffic controllers

2022-07-31

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2022-07-31

Swiss air navigation service provider Skyguide says it is struggling to recruit air traffic controllers, especially in French-speaking Switzerland. Only five people are starting training in September, although there are 16 posts to be filled.

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Swiss sales of medicines to Russia jump during war

2022-07-28

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2022-07-28

Swiss exports of medicines to Russia have risen sharply since the start of the Ukraine war, according to an analysis by business news agency AWP.

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Lufthansa strike to hit SWISS flights

2022-07-27

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2022-07-27

The Swiss national carrier is cancelling around a dozen flights to Germany on Wednesday, owing to a one-day strike by ground staff at its German parent company Lufthansa.

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The Swiss army: your questions answered Part 6

2022-07-26

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In Switzerland, all able-bodied men complete compulsory military service, while others opt for a civilian service. But how useful is a conscript army in light of what Russia did to Ukraine?

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Swiss retail banks earn highest profit per customer

2022-07-24

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2022-07-24

Swiss retail banks make the most profit per customer among wealthy nations, according to an international ranking.

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Energy experts warn of possible power shortages

2022-07-23

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2022-07-23

Switzerland could face electricity and gas shortages in winter despite sufficient supplies at the moment and considerable reserves, experts say.

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Major Swiss private bank to scrap negative interest charges

2022-07-22

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2022-07-22

Wealth manager Julius Bär has joined a growing list of Swiss banks that will no longer pass on the cost of negative interest rates to clients.

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What happens if the Black Sea blockade is lifted?

2022-07-22

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2022-07-22

United Nations and Turkey-led negotiations with Moscow and Kyiv to allow Ukrainian grain exports to resume in the Black Sea are moving forward. But even if a deal is signed, its impact to alleviate the food crisis could take months.

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The UK and Switzerland’s fall outs with the EU

2022-07-21

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What do Brexit and the Swiss breakdowns in relations with the EU have in common? According to a Swiss social historian, quite a lot. Switzerland has never been an EU member but enjoys almost full access to the EU’s internal market, thanks to 120 bilateral agreements. Attempts to update these with a new framework agreement collapsed in 2021 when the Swiss walked out of talks with the EU. The Financial Times dubbed the fallout “Swexit” in reference...

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Swiss customs crack down on fake medicinal imports

2022-07-21

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2022-07-21

Switzerland’s customs and border security authorities have seized more than 230 packages of illegally imported counterfeit medical products.

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The Swiss army: your questions answered Part 5

2022-07-19

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In Switzerland, all able-bodied men complete compulsory military service, while others opt for a civilian service. But how useful is a conscript army in light of what Russia did to Ukraine?

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Ukraine war hits Swiss asset management industry

2022-07-19

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2022-07-19

The ongoing war in Ukraine has been partly blamed for losses at a prominent Swiss asset management company. The entire Swiss industry suffered a dip in fortunes in the first six months of year as extreme market volatility reduced the value of investments and caused clients to play safe with their money.

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