Category Archive: 3.) Swissinfo Business and Economy

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Swiss web TV channel to broadcast in Ukrainian

2022-03-28

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2022-03-28

Diaspora TV Switzerland launched a new service in Ukrainian on Sunday to help meet the information needs of refugees arriving from the war-torn country.

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Ukraine urges Switzerland to clamp down on Russian money

2022-03-28

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2022-03-28

An advisor to Ukrainian President Volodymyr Zelensky says the Swiss should be more proactive in looking for Russian funds. But according to a legal expert, current regulations do not allow authorities or banks to do more active searches beyond what’s in their current registers.

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Credit Suisse Vice Chair Schwan steps down from board

2022-03-25

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2022-03-25

Credit Suisse announced on Monday that Vice-Chair Severin Schwan would not stand for re-election. This follows a reported rebellion by large shareholder groups at the Swiss bank. “Severin Schwan, who joined the Board in 2014 and has acted as Vice-Chair and Lead Independent Director since 2017, has decided not to stand for re-election,” Credit Suisse said in a statementExternal link on Monday.

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Switzerland sounds out Qatar over gas supplies

2022-03-24

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2022-03-24

Switzerland plans to open negotiations with Qatar over the potential delivery of liquefied natural gas (LNG) supplies. The Alpine state is scouting for new energy suppliers, following the Russian invasion of Ukraine.

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What the Ukraine war means for Switzerland’s energy policy

2022-03-23

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2022-03-23

The war in Ukraine and consequent threat of energy insecurity is forcing many countries to reconsider their existing policies. The ripple effect has also reached Switzerland, which is already reassessing its gas supply for the coming winter. 

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Swiss act as early warning system in Bosnia

2022-03-22

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Swiss information gatherers are keeping a close eye on the situation in Bosnia & Herzegovina, as the country is facing a political crisis that some fear could lead to armed conflict. The Swiss Liaison and Observation Teams (LOT) in Mostar and Trebinje are part of the EUFOR peacekeeping mission.

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‘Next winter will be difficult in Europe without Russian gas’

2022-03-22

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2022-03-22

The United States wants to cut its dependence on Russian fuels. But Switzerland and Europe cannot completely do without Russian gas, says René Bautz, the CEO of Gaznat, which supplies high-pressure gas to western Switzerland, and president of the Global Gas Centre platform for the natural gas sector.

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‘Swiss neutrality is one of the foundations of our partnership with NATO’

2022-03-20

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2022-03-20

Against the backdrop of the war in Ukraine, the Swiss ambassador to NATO, Philippe Brandt, explains the importance of Switzerland’s partnership with the alliance, which he views as perfectly compatible with Swiss neutrality.

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Swiss Institute in New York appoints new director

2022-03-19

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2022-03-19

German-born Stefanie Hessler, 35, will head the Swiss art space starting in May. Her appointment is part of several rearrangements in institutions run by the pharma billionaire Maja Hoffmann.

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Switzerland’s S permit for refugees from Ukraine

2022-03-18

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People fleeing the war in Ukraine will be granted an S permit upon arrival in Switzerland. It's the first time this permit will be issued since its introduction in 1999.

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Swiss companies’ balancing act with Russia

2022-03-18

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2022-03-18

Big consumer brands are leaving Russia in droves but for many Swiss companies untangling ties isn’t that easy.  Jessica covers the good, the bad, and the ugly when it comes to big global companies and their impact in Switzerland and abroad. She’s always looking for a Swiss connection with her native San Francisco and will happily discuss why her hometown has produced some of the greatest innovations but can’t seem to solve its housing crisis.

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Swiss economic prospects for 2022 dampened but not decimated

2022-03-17

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2022-03-17

The Swiss economics ministry has downgraded its growth forecast for 2022 due to the war in Ukraine. But it still predicts a solid post-pandemic upswing.

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Russian clients have up to CHF200 billion in Swiss banks

2022-03-16

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2022-03-16

Swiss banks hold between CHF150 billion and CHF200 billion ($160-$214 billion) in assets belonging to Russian clients, according to the Swiss Bankers Association.

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Experts warn of hit to economy without Russian oil and gas

2022-03-16

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2022-03-16

Renouncing Russian oil and gas would have serious consequences for the Swiss economy, an expert from the KOF Swiss Economic Institute has told a Sunday newspaper.

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A microbiome backup for our health

2022-03-15

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The microbial diversity that is crucial for our health is threatened worldwide by urbanisation. The project "The Microbiota Vault" aims to create a biobank for the whole world. The microbiome is part of our metabolic system and has a significant influence on human health. The gut microbiome is thought to have many important functions in addition to processing ingested food, including synthesising essential vitamins, fighting inflammation...

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Switzerland approves CHF80 million in emergency aid for Ukraine

2022-03-13

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2022-03-13

The Swiss government has boosted its humanitarian support to victims of the war in Ukraine. On Friday it approved CHF80 million ($86 million) as an “expression of its solidarity with Ukrainians in need”.

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Stay or go? Western consumer brands wrestle with Russian dilemma

2022-03-12

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2022-03-12

Vladimir Putin’s invasion of Ukraine has led to an exodus of well-known western brands from Russia, but not every company has joined the rush.

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Swiss Post Office bounces back from pandemic difficulties

2022-03-11

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2022-03-11

The Swiss Post Office more than doubled profits to CHF457 million ($493 million) last year as it was less affected by pandemic restrictions.

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Switzerland listed as ‘unfriendly’ country by Russia

2022-03-10

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2022-03-10

Russia has drawn up a list of around 50 countries, including Switzerland, that have committed “unfriendly actions” against Russia, its companies and citizens, in the wake of severe economic sanctions over the war in Ukraine, the Russian state media agency TASS reports.

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A visit to the AI lab

2022-03-09

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Taking high-quality images with our smartphones, translating texts from one language to another in just a few seconds, streaming services that make suggestions for music and films – these are some of the many tasks that are performed by algorithms. It takes a lot of data and training for these algorithms to perform well, which in turn, require a lot of people and computing power. For the average user, it is often not easy to understand what...

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