Category Archive: 3.) Swissinfo Business and Economy

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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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Switzerland ‘not at risk of truck driver shortage’

2021-10-18

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2021-10-18

Unlike other Western European nations, Switzerland is not at risk of a supply chain crisis due to a lack of truck drivers, according to the president of a major logistics and transport company.

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Covid: Swiss private banks ‘got off relatively lightly’

2021-10-17

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2021-10-17

Swiss private banks managed to increase their assets under management to CHF2.9 trillion ($3.15 trillion) last year, an increase of 2.8% on 2019.

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Switzerland could face electricity shortage by March

2021-10-17

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2021-10-17

If progress is not made on an electricity agreement with the European Union, at least at a technical level, Switzerland is likely to face a significant problem guaranteeing electricity in the short and medium term, especially in winter.

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Qatar’s Quintet bank closes shop in Switzerland

2021-10-16

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2021-10-16

Quintet Private Bank says it is closing its Swiss arm just 16 months after opening. The Qatari-owned private bank took over Bank am Bellevue last year.

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Businesses give mixed reaction to Covid certificate

2021-10-15

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2021-10-15

While most Swiss hotels and restaurants are critical of the need to show a Covid certificate, overall small and medium-sized enterprises (SMEs) do not perceive it as a disadvantage.

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Anticipating future technologies for humanity’s well-being

2021-10-14

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2021-10-14

A Geneva-based foundation has created a tool mapping out major scientific breakthroughs that could help decision makers and civil society prepare for their impact.

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Poll: Most Swiss back 30km/h speed limit in urban areas

2021-10-13

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2021-10-13

Most Swiss residents would be in favour of a 30 kilometre (18 miles) per hour speed limit in urban areas, a survey has found.

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Living in Switzerland as a Muslim

2021-10-12

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The Swiss population has voted in favour of banning face coverings, in a vote known as the 'burka ban', in March 2021. They had already voted in favour of banning the construction of minarets in November 2009. What is it like to grow up, and live, as a Muslim in Switzerland? Muslims are the third largest religious community in the small Alpine nation. Despite this, its members say they still face discriminations because they believe in Islam. We...

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Global capital flows: how poor countries finance the rich

2021-10-12

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2021-10-12

It’s an economist’s conundrum: global capital, instead of flowing from rich countries to poor countries, actually moves in the other direction. Each year hundreds of billions of dollars leave developing countries and land in the coffers of rich countries like Switzerland.

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‘Fantasy Basel’ re-opens after a two-year Covid break

2021-10-11

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2021-10-11

The three-day Fantasy Basel festival for fans of films, games, comics, cosplay and manga has re-opened its doors after a two-year break.

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More Swiss firms facing cyber-attacks and ransom demands

2021-10-10

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2021-10-10

Ransomware attacks by hackers continue to increase sharply, with some 2,700 Swiss firms falling victim over the past year, Beobachter magazine has reported.

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Swiss retain top spot in wealth management ranking

2021-10-08

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2021-10-08

Switzerland is still number one in terms of wealth management internationally, despite the growth in new assets slowing in 2020, according to consulting firm Deloitte.

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2022 Geneva Motor Show cancelled

2021-10-08

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2021-10-08

For the third year running, the Geneva International Motor Show will not take place in 2022 due to ongoing health concerns as well as supply shortages in the automotive sector.

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Opponents challenge media aid law to referendum

2021-10-07

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2021-10-07

A cross-party group has handed in signatures opposing a support package for the media passed by parliament in June.

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Farmers make hay in 2020 but brace themselves for grim 2021

2021-10-06

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2021-10-06

Covid, the weather and the pig market were kind to farmers in 2020, with income increasing 6.7% compared with 2019. But this year is looking much bleaker.

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