Category Archive: 3.) Swissinfo Business and Economy

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Switzerland braced for wave of bank staff layoffs

2024-04-15

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2024-04-15

Redundancies at Switzerland's largest bank will test the capacity of the financial sector to absorb jobs. A year ago Credit Suisse staff were stunned by the sudden demise of their bank. Many are now fighting for their careers with 3,000 Swiss posts set to be axed by their new employer UBS, starting this year.

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UBS must build up more equity, says Swiss government

2024-04-14

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2024-04-14

UBS already has to build up additional equity capital because it has become much larger as a result of the Credit Suisse takeover, Finance Minister Karin Keller-Sutter said.

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Former CERN director Herwig Schopper talks about the impact of physics on peace

2024-03-26

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In this video the German experimental physicist Herwig Franz Schopper looks back at some of his highlights and encounters during his career and shares some personal thoughts on research. Herwig Schopper was the director general of CERN from 1981 to 1988. This February he turned 100 years old. - Contents of this video - 00:09 - Margaret Thatcher visits CERN 00:55 - Pope John Paul II visits CERN 02:12 - The invention of the World Wide Web Find...

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Investigation into collapse of Credit Suisse beset by delays

2024-03-14

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2024-03-14

In March 2023, Credit Suisse collapsed. An uncontrolled bankruptcy could only be prevented by big government aid and an emergency merger with competitor UBS. Switzerland is now waiting for a parliamentary inquiry report to reveal who was at fault as the bank disintegrated.

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CEO pay: can Switzerland compete with the US?

2024-03-07

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2024-03-07

Swiss CEOs are some of the best paid in Europe but compared to peers in the United States, their salaries look modest. Some in the Swiss pharmaceutical industry see this as a problem.

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SWISS reports highest ever profit 

2024-03-07

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2024-03-07

SWISS’ turnover totalled CHF5.3 billion ($6 billion) last year, the airline announced on Thursday, a significant increase on the previous year’s CHF4.4 billion, and a return to 2019 levels for the first time since the pandemic.

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Swiss vote: ‘yes’ to higher pensions, ‘no’ to retiring later | #switzerland #pension #vote

2024-03-04

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Yesterday, Swiss voters agreed to increase state pensions and maintain the retirement age at 65. ?️ Here are three key points to bear in mind about the votes: ?Voter turnout was far above average, at 58%. ?It was the first time a people’s initiative launched by trade unions won over Swiss voters. ?Not a single canton voted in favour of raising the retirement age to 66. Tap here to read our analysis piece about five key takeaways from the vote:...

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This Day in History – Switzerland recognises Kosovo’s independence | #switzerland #kosovo

2024-02-27

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Exactly 16 years ago, the Swiss government joined the United States, the United Kingdom, Germany and others in recognising Kosovo’s independence from Serbia. February 27 became a joyous day for Kosovars in Switzerland but less so for Swiss-based Serbs. Around 250,000 people of Kosovo origin live in Switzerland. The bond between Kosovo and Switzerland remains strong, encompassing political and economic ties, as well as deep-rooted historical and...

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Swiss exports to Russia suspected of evading sanctions

2024-02-27

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2024-02-27

Since the beginning of the Ukraine war, Swiss exports to countries close to Russia have increased significantly – which points to a possible evasion of sanctions.

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Young Socialists demand inheritance tax on ‘super rich’

2024-02-08

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2024-02-08

The wealthiest in society “must pay for the fight against the climate crisis”, said the group on Thursday as they handed in over 140,000 signatures for a people’s initiative.

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India eyes $100bn investment deal with Switzerland and Norway

2024-02-07

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2024-02-07

India is close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion (CHF87 billion) over 15 years in exchange for easier trade access to the world’s most populous nation, according to people with knowledge of the matter.

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Can South Africa accuse Israel of genocide? | Listen to our Inside Geneva #podcast

2024-02-06

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The International Court of Justice (the United Nations’ top court) is considering charges of genocide against Israel. The case was brought by South Africa. Can that really work? Or will this high-profile case simply distract from other human rights violations? Find out all about it in our Inside Geneva podcast ? ?Apple podcasts:...

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South Africa’s genocide case against Israel | Part 1

2024-01-29

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There has been a lot of talk about Israel being accused of genocide by South Africa. ??????⁠ ⁠ But what exactly is this case all about? And what is the legal definition of "genocide"? ⁠ In this video, we explain what the International Court of Justice (ICJ) is and does, and what the possible future developments of the case could be.⁠ ⁠ Tap here to listen to our Inside Geneva podcast where host Imogen Foulkes explains it all in detail....

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Switzerland marks start of China’s ‘high-level exchange’ with Europe

2024-01-15

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2024-01-15

Chinese Premier Li Qiang is visiting Switzerland this week. The official state visit by China’s second highest ranking official signals a renewal in Sino-Swiss ties and the kick-off of his “high-level exchange” with Europe. Here’s what you need to know about official Swiss-Chinese relations.

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Swiss banker pleads guilty to tax offences in the US

2023-12-22

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2023-12-22

A Swiss banker has pleaded guilty to tax offences in the United States. Between 2008 and 2014, he allegedly helped wealthy US clients hide their assets from the US authorities in accounts at Zurich-based Ihag Privatbank.

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Inside Geneva: UN Correspondents assess 2023

2023-12-21

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In this episode Imogen Foulkes is joined by New York Times contributor Nick Cumming-Bruce, Emma Farge of Reuters, and Dorian Burkhalter of Swissinfo, to look back at 2023 and the stories that made the news.

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Swiss budget agreed with humanitarian spending cut

2023-12-21

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2023-12-21

Switzerland’s parliament has finalised the 2024 budget after agreeing to a CHF10 million cut on humanitarian funding.

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Inside Geneva talks to Navi Pillay: from the apartheid regime to the UN

2023-12-21

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On Inside Geneva: part four of our series marking the 75th anniversary of the Universal Declaration of Human Rights. Imogen Foulkes talks to Navi Pillay, who served as UN Human Rights Commissioner from 2008 to 2014.

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Politicians want 75% of Swiss CO2 emissions to be cut at home

2023-12-20

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2023-12-20

Switzerland must reduce at least three-quarters of its carbon emissions in the Alpine country, the House of Representatives agreed on Wednesday.

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Palliative care without the hospital vibe

2023-12-19

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Many people who are terminally ill would prefer to spend their last days at home. However, this is often not possible. "La Maison de Tara" in Geneva offers a cosy alternative to hospital. Round-the-clock care by volunteers, home cooked food and medical assistance on tap are all part of its charm. The volunteers say "it's not a house of death but a house of love". swissinfo.ch visited the home to find out why. --- swissinfo.ch...

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