Category Archive: 3.) Swissinfo Business and Economy

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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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Simona Aebersold, on being a world orienteering championships medallist and student

2021-10-05

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Simona Aebersold is 23 but has been running through forests and fields since she was a kid - her mom and dad are former top athletes and got her into orienteering very young. A 7-times world championship medallist, Simona is also a student at the University of Bern, where she's getting a degree in Sports science and Psychology. We met her in her garden, and she told us how she manages to balance her training sessions, competitions and exams. ---...

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Credit Suisse offices raided over Greensill funds

2021-10-05

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2021-10-05

Swiss police have raided the offices of Credit Suisse and seized documents relating to the collapse of its $10bn fund range linked to Greensill Capital.

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‘Pandora Papers’ shed more light on activities of Swiss financial advisors

2021-10-04

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2021-10-04

A new set of leaked documents, dubbed the Pandora Papers, has again exposed the role of Swiss lawyers, accountants and consultants in managing the wealth of powerful clients.

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Innovative Switzerland rolls out red carpet at Expo 2020 Dubai

2021-10-03

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2021-10-03

After eight years of planning and billions of dollars in spending, the Middle East’s first World Fair has opened in Dubai. Switzerland is participating at Expo 2020 with its own pavilion.

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US charges Swiss finance firm and six people with tax evasion

2021-10-01

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2021-10-01

Six people and a Swiss financial services firm have been charged in the United States with helping clients evade taxes on $60 million (CHF56 million) of assets.

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UBS tax evasion appeal verdict delayed in Paris

2021-09-29

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2021-09-29

Swiss bank UBS will have to wait until December 13 to see if its appeal against a French €4.5 billion (CHF4.9 billion) tax evasion penalty is successful.

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Solidarity vital to overcome crises, Swiss president tells UN

2021-09-24

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2021-09-24

Guy Parmelin, who holds the rotating Swiss presidency this year, has called for solidarity to tackle global environmental and trade issues.

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Parliament rejects blanket ban on tobacco ads

2021-09-23

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2021-09-23

The Swiss parliament has agreed new advertising and sponsorship regulations for tobacco products. However, the supporters of a total ban on tobacco advertising are unimpressed.

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Swiss won’t vote on arms export ban proposal

2021-09-17

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2021-09-17

Campaigners seeking a ban on Swiss arms exports have withdrawn their initiative that aimed to stop weapons exports to countries in conflict.

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Commodity giants race to clean up mineral supply chains amid green energy boom

2021-09-16

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2021-09-16

Electric car manufacturers and other green energy companies are trying to get a grip on their mineral supply chains. In doing so, they are bringing commodity traders out from the shadows.

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Corruption trackers flag increased global money laundering risks

2021-09-14

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2021-09-14

The global community is slipping in its efforts to tackle money laundering and terrorist finance, a Swiss corruption watchdog warned on Monday.

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Property sole inflationary concern for Swiss central bank

2021-09-13

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2021-09-13

The risk of a housing bubble has increased in the last three months, but the Swiss National Bank (SNB) is unconcerned about a general inflationary threat.

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‘Serious failings’ at online vaccination registry, says federal commissioner

2021-09-12

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2021-09-12

A federal investigator has found “serious” technical failures at voluntary vaccination registry mesvaccins.ch, which was closed in May following data security concerns.

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Swiss DLT stock exchange wins long-awaited license to operate

2021-09-11

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2021-09-11

A new Swiss stock exchange has been awarded a license to trade digital assets using distributed ledger technology (DLT).

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Using Swiss technology to store CO2 in Iceland

2021-09-10

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2021-09-10

The Swiss company Climeworks has just opened in Iceland the world’s largest plant for the capture and permanent storage of carbon dioxide from the air. This technology is deemed essential for combating global warming, yet it raises some questions.

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Unions demand financial reward for efforts during Covid crisis

2021-09-08

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2021-09-08

The Trade Union Federation has called for a blanket salary rise for all employees as the Swiss economy recovers from the Covid-19 crisis.

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A giant water battery in the Swiss Alps

2021-09-07

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The amount of electricity that can be stored thanks to the new pumped-storage and turbine power station in Nant de Drance, canton Valais, could charge more than 400,000 electric car batteries. Its director explains the role of this "water battery" for electricity supply and grid stabilisation in Switzerland and Europe. “The electric storage capacity of the reservoir surpasses that of 400,000 electric car batteries,” explains Alain...

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