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Category Archive: 3.) Swissinfo Business and Economy

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Google admits defeat in disputed Swiss cloud tender

2021-11-13

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2021-11-13

The Swiss federal authorities can proceed with awarding a cloud computing contract to five US and Chinese companies, including Amazon, Microsoft and Alibaba, after Google dropped an appeal against the decision to leave it out of the project.

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Covid certificate – keep it or ditch it?

2021-11-12

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Is the Covid certificate worth keeping? A vote on 28 November 2021 will decide. The Swiss will be asked whether they accept laws passed earlier this year that paved the way for the introduction of the certificate. The system provides proof of vaccination, recovery or a negative test. It’s the second time a vote has been organised to challenge the government’s response to the Covid-19 pandemic. In summer, voters were given a chance to reverse the...

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Geneva-Lausanne train link remains suspended

2021-11-12

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2021-11-12

The holes were caused by tunneling work under the tracks carried out by a private company, which was working on a thermal energy project using water from Lake Geneva to heat an industrial zone not far from the train line. Keystone / Jean-christophe Bott The main rail link between Geneva and Lausanne in southwestern Switzerland will not re-open until Friday morning, Swiss Federal Railways (SBB/CFF) has confirmed. The line has been suspended since...

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American farmers pursue Syngenta over herbicide’s link to Parkinson’s disease

2021-11-11

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2021-11-11

The Swiss-based multinational has already set aside $187.5 million (CHF 171 million) to settle legal cases filed by farmers exposed to paraquat. But the total bill could run into billions as lawsuits pile up.

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Swiss expats thrown limited banking lifeline by digital disruptor

2021-11-10

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2021-11-10

Digital bank Yapeal is offering basic accounts to Swiss people living in neighbouring countries that undercut the rising fees of mainstream competitors. 

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Cleaning up Switzerland’s toxic legacy

2021-11-09

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2021-11-09

The widespread dioxin pollution uncovered in Lausanne has surprised many and raised concerns about the health consequences, clean-up costs and extent of the problem. The small Alpine nation may be well known for its stunning natural beauty, but thousands of sites contaminated with various other pollutants still need remediation.

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Besançon: French watchmaking capital takes on Swiss neighbours

2021-11-08

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2021-11-08

Just a short hop from the Swiss border, the walled city of Besançon is a showcase of centuries of French watchmaking knowhow. Within its labyrinth of pristine streets are many secret courtyards, where, behind imposing doors, independent watchmakers carry forward its best-known traditions in what is considered France’s capital of watches.

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Swiss energy bills contained, but future crunch looms

2021-11-06

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2021-11-06

Households and businesses across Europe are facing a huge rise in electricity and heating costs this winter. Price hikes in Switzerland have so far been comparatively cushioned, but there are warnings of a potential energy crunch in the next few years.

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Geldcast Update: Monetary policy and the climate crisis

2021-11-05

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2021-11-05

For years, central banks have been called upon to do more to combat climate change. Now a new monetary policy instrument is being discussed as a way forward.

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Credit Suisse to shrink investment bank

2021-11-04

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2021-11-04

The Credit Suisse Group says it will shrink its investment bank and shift more resources to the wealth management unit.

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Controversial crypto exchange hopes for warm Swiss welcome

2021-11-02

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2021-11-02

Two months after paying a $100 million fine in the US for illegal trading operations, cryptocurrency exchange BitMEX is lining up a test for Switzerland’s financial regulator.

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COP26: rich Switzerland must take on more responsibility

2021-11-02

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2021-11-02

Switzerland has enough money and technology to drastically reduce emissions and become a leader in international climate negotiations. But it needs to be more ambitious, says Ludwig Luz, president of the Swiss Youth for Climate group. 

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How Switzerland is trying to combat climate change

2021-10-29

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The climate strike wave that Greta Thunberg started also swept through Switzerland. While young people from all over the country participate in Fridays for Future events, dozens of start-ups are developing technologies to combat climate change. Part two of our explainer video looks into how the country goes about reducing its greenhouse gas emissions. In the 2019 parliamentary elections, the green parties promising climate action made historic...

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The reality of climate change in Switzerland

2021-10-29

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In landlocked Switzerland temperatures are rising faster than in regions that benefit from the ocean's cooling effect. The first explainer video of our two-part series shows how climate change is affecting the Swiss landscape, the economy and its people. While global average temperatures are 0.85 degrees Celsius above pre-industrial levels, Switzerland has seen an increase of two degrees over the same period. Since 1850, its glaciers have lost 60%...

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Carbon offsetting explained in 2 minutes

2021-10-26

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Countries lower their carbon footprint and become climate neutral by limiting the amount of greenhouse gases they produce and by compensating the emissions that can't be cut. The carbon offsetting market has become increasingly attractive for countries, companies and individuals, who finance projects that will either suck CO2 out of the atmosphere, or reduce the CO2 release. This is done by buying carbon offsets. Carbon offsetting will be a...

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Swiss companies face severe supply chain bottlenecks

2021-10-25

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2021-10-25

Four out of five firms surveyed by the Swiss Business Federation (economiesuisse) have complained of problems in getting hold of raw materials and essential parts for their goods.

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Mozambique watchdog wants $2 bln debt relief from ‘guilty’ Credit Suisse

2021-10-24

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2021-10-24

A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off.

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What’s the real problem in our supply chains?

2021-10-22

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2021-10-22

Containers are piling up at ports, ships are waiting to offload cargo and store shelves are sitting empty. Are all the quick fixes enough to fix the real problems in our supply chains?

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Swiss entities aim to be green pioneers

2021-10-21

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2021-10-21

Some government departments and 13 other Swiss entities have signed a pact to increase energy efficiency, expand renewable energies and make their investments “climate compatible”.

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Swiss companies told to brace for electricity shortages

2021-10-19

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2021-10-19

The Swiss government has shared its vision for coping with major power outages in a brochure shared with thousands of companies, the weekly NZZ am Sonntag reported on Sunday. In the absence of an electricity agreement with the European Union, such a scenario is likely if large power plants fail in Switzerland or abroad.

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