Category Archive: 3.) Swissinfo Business and Economy

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Government firms up plans in case of gas outage

2022-11-17

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2022-11-17

In case of a shortage, households and businesses which heat with piped gas would be asked to lower temperatures to 20°C, the government has said.

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Women soldiers in peacekeeping SWISSCOY contingents

2022-11-15

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Women are still a minority in international peacekeeping operations. The Swiss armed forces’ contingent in Kosovo, SWISSCOY, shows just how important their role can be. We spent a day with Iris Probst, who now just completed her training module which is part of her three-month pre-deployment preparation at SWISSINT, the Swiss armed forces’ centre for international peacebuilding in Stans-Oberdorf, in canton Nidwalden. She has now been posted to...

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Let’s Talk Banking: Crypto

2022-11-15

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--- 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 articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel: http://www.youtube.com/swissinfovideos Subscribe: http://www.youtube.com/subscription_center?add_user=swissinfovideos

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Swiss health office and pharma firm at odds over flu spray

2022-11-14

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2022-11-14

The Swiss health authorities and the manufacturer AstraZeneca are at loggerheads over a nasal spray to vaccinate children and adolescents against influenza.

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Leading economist mildly upbeat about Swiss growth prospects

2022-11-13

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2022-11-13

Economic researcher Jan-Egbert Sturm expects the Swiss economy to stagnate in the next few months. The director of the Swiss Economic Institute (KOF) at Federal Institute ETH Zurich, said Switzerland had been been quite resilient in the current economic environment.

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Vivid pink diamond auctioned for CHF28.4 million

2022-11-10

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2022-11-10

A pear-shaped 18-carat pink diamond billed as a rarity has sold at a Geneva auction for CHF28.4 million ($28.8 million), including fees and taxes.

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The world’s longest passenger train through the Swiss alps

2022-11-09

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Switzerland’s largest private railway operator, Rhaetian Railway (RhB), set a new world record for the longest passenger train on a spectacular narrow gauge track. The train – comprising 100 carriages for a total length of 1,910 metres - travelled for 25 kilometres on the Albula/Bernina route from Preda to Alvaneu in canton Graubünden in southeast Switzerland. It comprised 25 newly delivered train units, or 100 carriages, making a total length of...

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UBS raided in money-laundering probe of Russian

2022-11-09

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2022-11-09

Police have searched two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, according to German officials and media.

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Let’s Talk: the future of Crypto Nation Switzerland

2022-11-08

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Switzerland has built a reputation for nurturing a new industry based on cryptocurrencies and blockchain technology. Experts give their take on the pros and cons of the fledgling ‘Crypto Nation’. More than 1,000 blockchain companies, supporting 6,000 jobs, have set anchor in Switzerland, encouraged by the welcoming political and legal infrastructure. But other countries are raising their game, determined to entice the world’s best technology...

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As pension funds lose out on stock markets, how safe is retirement?

2022-11-08

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2022-11-08

Stock markets this year have been heading steadily downhill. With Swiss pension funds feeling the impact, future retirement payments are only barely guaranteed.

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Switzerland should do more on tax avoidance, says EU parliamentarian

2022-11-07

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2022-11-07

Switzerland has made progress in reforming tax rates for multinational companies but still has work to do when it comes to turning a blind eye to tax avoidance.

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Court increases fines against Swiss art collector

2022-11-03

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2022-11-03

A court in Zurich has rejected an appeal by the renowned Swiss art collector and financier Urs Schwarzenbach in two cases of tax evasion in connection with the import of works of art.

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Let’s Talk: polar research and our struggling planet

2022-11-01

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Some may question the value of polar research when there are other problems closer to home. But what is happening in these remote regions has a knock-on effect all over the globe. SWI swissinfo.ch invited two Swiss-based scientists to discuss their experiences – including working on the sea ice and examining the largest glacier outside the north and south poles. Julia Schmale is a professor and head of the Extreme Environments Research Laboratory...

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Credit Suisse to cut 540 jobs in Switzerland by 2023

2022-11-01

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2022-11-01

The embattled Swiss bank Credit Suisse plans to shed 540 jobs in Switzerland by the end of the year, Chief Executive Officer Ulrich Körner told the NZZ am Sonntag newspaper. In the interview he gave more details on last week’s restructuring announcement.

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The energy crisis is about to make your Swiss ski holiday more expensive

2022-10-31

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2022-10-31

Swiss hotels and holiday apartments are raising their prices by around 5% this winter, largely due to higher energy prices. Ski passes are also likely to go up by a similar amount, a newspaper reports.

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Credit Suisse turns to petrodollars to fund turnaround

2022-10-30

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2022-10-30

Swiss bank Credit Suisse has returned to the Middle East to shore up its finances amid mounting losses and a deteriorating balance sheet.

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Swiss pandemic costs lower than feared

2022-10-29

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2022-10-29

The coronavirus pandemic will have a lighter impact on Swiss state finances than previously feared but will still put the country’s budget in the red, the finance ministry forecasts.

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Credit Suisse cuts thousands of jobs to restore fortunes

2022-10-28

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2022-10-28

Swiss bank Credit Suisse is shedding thousands of jobs, selling off parts of its business and raising billions in extra capital in a bid to reverse a downward spiral in fortunes.

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Swiss federal buildings to get solar panel makeover

2022-10-28

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2022-10-28

The Swiss government has pledged to install solar panels on as many federal buildings as possible to help boost the production of energy from renewable sources.

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Swiss municipality to vote on banning adverts in streets

2022-10-27

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2022-10-27

The inhabitants of Vernier, a municipality in Geneva, are set to have their say on banning advertising billboards.

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