Category Archive: 3.) Swissinfo Business and Economy

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E-cigarette tax mooted in Switzerland

2022-10-27

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2022-10-27

The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes.

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Kosovo’s post-war problems

2022-10-26

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The Serb community in northern Kosovo has been instructed by the government to ditch their Belgrade-issued number plates for Kosovan ones, but for many people, this is tantamount to accepting Kosovo's independence, something Serbia has avoided since 2008.

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Credit Suisse to settle tax probe in France

2022-10-26

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2022-10-26

Credit Suisse Group and the French financial prosecution office have agreed to settle a tax fraud and money laundering case in France with a €238 million (CH234 million) payment to the state, a French court heard on Monday.

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How exclusion became the driving force for democratisation

2022-10-26

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It is a widely held belief that political inclusion has been an integral part of Swiss life since women gained the right to vote in 1971. Democracy, however, is a work in progress. To this day, some people remain excluded from Swiss political life.

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Public transport will not cost more in 2023

2022-10-25

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2022-10-25

Ticket prices for Swiss public transport will remain stable for 2023 for the seventh consecutive year. Only “a few tourist businesses” are planning to adjust their fares for next year, says the SwissPass Alliance.

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Energy crisis ‘will last many years’, says economics minister

2022-10-24

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2022-10-24

Swiss Economics Minister Guy Parmelin assumes the energy crisis will last several years. It is important, he says, not only to think about the winter, but to do everything to ensure that Switzerland produces more energy – that means more renewable energies and greater efficiency.

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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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