Category Archive: 3.) Swissinfo Business and Economy

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Companies invest more money in R&D in Switzerland

2022-12-20

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2022-12-20

Firms invested CHF16.8 billion ($18 billion) in research and development (R&D) activities in Switzerland last year, a 4% increase compared to 2019.

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Price manipulation to be banned in Swiss energy sector

2022-12-20

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2022-12-20

Switzerland plans to enact laws to prevent price manipulation and insider trading in its domestic energy markets.

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Growth forecasts for Switzerland lowered further

2022-12-20

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2022-12-20

Growth forecasts for Switzerland have been revised downwards for the current year and 2023 by the KOF Swiss Economic Institute, amid fears of a global recession and the war in Ukraine. The economists also changed their predictions for inflation.

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Swiss defy inflation to splash out on Christmas gifts

2022-12-19

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2022-12-19

Swiss consumers have budgeted more for Christmas presents this year despite the growing spectre of inflation. The average shopper plans to splash out CHF343 ($367) on presents, up CHF9 from the average spend in 2021.

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How the Swiss extract gold from rubbish

2022-12-16

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2022-12-16

Switzerland is the global leader in metal recycling, a lucrative business that attracts international interest. We visit a pioneering Swiss waste disposal and recycling plant with a delegation from Japan.

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‘Just another cheque’: Saudi National Bank’s move into Credit Suisse

2022-12-15

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2022-12-15

When Credit Suisse asked its board member Michael Klein to find capital to help its painful restructuring push, the former Citibank executive with ties in the Middle East ended up in a series of meetings with a powerful Saudi bank little known outside the Gulf.

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Holcim divests cement business in Russia

2022-12-15

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2022-12-15

Swiss cement giant Holcim said on Wednesday it would leave Russia, adding that the business there would then operate independently under a different brand.

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Swiss food giant Nestlé to open new factory in war-torn Ukraine

2022-12-14

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2022-12-14

The Swiss multinational Nestlé says it will invest CHF40 million ($42. million) to launch a new production facility in western Ukraine.

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New Swiss rail timetable expands offer to tourist regions

2022-12-13

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2022-12-13

Swiss Federal Railways has launched a new timetable, which offers more regional services and direct links between eastern and western Switzerland, and additional connections to popular tourist regions.

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Parliament agrees on division of minimum tax revenues

2022-12-09

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2022-12-09

Switzerland’s 26 cantons will receive 75% of the additional revenue from the minimum taxation of large companies, the government 25%. On Tuesday the House of Representatives agreed with the Senate on the proposal to tax all companies with a turnover of more than €750 million (CHF740 million) at 15%, in line with a reform decided by the OECD and the G20.

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Third of pensioners can continue to save in old age

2022-12-09

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2022-12-09

Many retirees in Switzerland can continue to put money aside, with a majority also willing to bequeath the money they have saved. Specifically, 34% of the people surveyed in Switzerland aged 65 and over are building up assets instead of reducing them, according to a Swiss Life survey published on Wednesday.

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Credit Suisse business is stable, claims chairman

2022-12-08

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2022-12-08

Credit Suisse is “definitely stable”, Chairman Axel Lehmann has told Swiss public television, SRF, adding that the embattled bank had seen a stabilisation in the outflows of client funds.

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Winter energy woes cast shadow over Swiss ski season

2022-12-07

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2022-12-07

Swiss ski resorts are gearing up for their biggest winter season since the Covid-19 pandemic. But soaring power prices in the wake of the Ukraine war have resort managers scrambling to find ways to save energy. Simon Bradley Born in London, Simon is a multimedia journalist who has worked for www.swissinfo.ch since 2006. He speaks French, German and Spanish and focuses on science, technology and innovation issues. More from...

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Online replaces TV as most influential form of media

2022-12-07

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2022-12-07

Online media replaced television as the most influential media genre in Switzerland for the first time in 2021, according to a study. Large brands such as 20 Minuten and Swiss public radio and television, SRF, lost influence in favour of smaller titles.

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Swiss Abroad: Stay in touch with Switzerland

2022-12-02

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SWI swissinfo.ch, a branch of the Swiss Broadcasting Corporation (SBC), provides targeted information to all the Swiss living abroad. We deliver the latest news from and about Switzerland. We report on political events in Switzerland and on the international stage. We also look at how the government and the cantons deal with issues relating to the Swiss Abroad. SWI swissinfo.ch provides independent reporting on Swiss politics, business, science,...

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Credit Suisse looks to speed up cuts as revenue outlook worsens

2022-12-02

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2022-12-02

Swiss bank Credit Suisse is looking for ways to accelerate cost cuts announced just weeks ago as client outflows and a slowdown in activity weigh on its revenue outlook, according to three people with knowledge of the talks. The cost savings are likely to involve more job cuts than previously announced for the first wave of reductions, including in its mainstay wealth business, said the sources, who asked to remain anonymous because the...

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Solution found in construction labour dispute

2022-11-30

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2022-11-30

Construction workers and trade unions in Switzerland have reached an agreement in a long-running labour dispute. Builders will receive CHF150 ($158) more a month in effective wages from next year and minimum wages will increase by CHF100 a month.

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Credit Suisse says only a few customers are closing accounts

2022-11-28

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2022-11-28

The head of Credit Suisse’s Swiss division says that only a few clients are actually closing accounts at the bank. His comments after the troubled bank reported high customer fund withdrawals globally.

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Two out of three Swiss resorts raise ski-pass prices

2022-11-21

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2022-11-21

Some ski lift companies are charging up to 15% more for passes this winter as high energy prices bite, a survey by CH Media shows.

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Global goods inspector SGS to shed 1,500 jobs

2022-11-18

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2022-11-18

The world’s largest goods inspection and testing group SGS will shed 1,500 jobs worldwide in a cost saving drive.

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