Category Archive: 3) Swiss Markets and News

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Too soon to say inflation has peaked, says SNB boss

The president of the Swiss National Bank (SNB), Thomas Jordan, says the inflation outlook is more uncertain than normal and it is premature to say prices have peaked. “You cannot say we have passed the zenith and now it is certainly heading lower,” Jordan told a Finanz and Wirtschaft financial conference on Thursday.“

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Social security

Switzerland has a social security network that covers risks in many areas – work, health, family and old age. 

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‘Let’s Talk’: pension reform debate

A revamp of Switzerland’s pension system is set for a popular vote. SWI swissinfo.ch discussed the issue with supporter Andri Silberschmidt and opponent Barbara Gysi. The reform plans encompass two separate proposals to be decided by voters on September 25: the retirement age for women is to be hiked from 64 to 65, while value-added tax in Switzerland is to rise by 0.4%. Opinion polls suggest the result could be tight. They also show that...

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Swiss economy slows but stays in the black

Switzerland’s economic output slowed to 0.3% between April and the end of June, compared to the first quarter of the year. The manufacturing, construction, trade and financial services sectors all showed signs of weakening in the face of energy shortages and rising inflation.

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Pilot project tests power backup from electric cars

An innovative pilot project testing the potential of electric cars to stabilise the power grid has been launched in Switzerland.

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The circular economy: A new way of making and using things

A circular economy means moving away from using precious raw materials and producing goods that end up in the landfill. Products are repaired, reused and recycled instead.

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Your views on female conscription

By the end of this decade, the Swiss army expects to have trouble recruiting enough personnel. So the defence department is studying the option of drafting women alongside men for military service or an alternative civilian service. We recently asked readers to send in their views on gender-neutral conscription. -- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to...

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Credit Suisse reportedly slashing 5,000 jobs globally

Embattled Swiss bank Credit Suisse is planning to cut around 10% of its workforce as part of a major cost cutting drive, according to several media reports.

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Swiss GDP growth jumps in 2021

Switzerland’s Gross domestic product (GDP) grew 4.2% in 2021, according to recently released data by Switzerland’s Federal Statistical Office (FSO). The increase follows a decrease of -2.4% in 2020, a year marking the beginning of the Covid-19 pandemic. 

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Women’s Wealth Talk: Episode 5

In dieser Ausgabe des Women’s Wealth Talk erzählt Dr. Elena Gross, Gründerin und CEO von KetoSwiss, unter anderem, welche persönlichen Umstände sie zur Gründung von KetoSwiss bewegt haben, welche Rolle Networking für sie als erfolgreiche weibliche Start-up-Gründerin spielt und welche Bedeutung das Thema Nachhaltigkeit für ihr Unternehmen und für sie als Privatperson beim Investieren hat.

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Swiss government launches energy saving campaign

On 31 August 2022, Switzerland’s federal government launched its campaign to cut energy consumption to reduce the risks of an energy shortfall over the coming winter.

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Steel mill applies for reduced working hours due to energy costs

High energy prices have forced a steel mill in Switzerland to prepare for short-time working to avoid layoffs.   

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Swiss bank takes plunge into the metaverse

Swiss digital assets bank Sygnum will open a branch in the metaverse to reach more clients seeking blockchain-based financial services. Sygnum was one of two banks that were awarded licenses in 2019 to connect traditional finance with cryptocurrencies and the blockchain. Blockchain and other Distributed Ledger Technology (DLT) databases provide a home for digital currencies and other assets, such as company shares, collectibles and art.

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Electricity shortage boosts solar energy

Fears of an electricity shortage in Switzerland appear to have had a positive effect on the expansion of solar energy. The Swiss Federal Office of Energy (SFOE) expects the market to grow by around 50% in 2022.

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Inflation continues to bite in Switzerland

The cost of goods and services in Switzerland rose 3.5% in August compared to the same month last year, but the inflation rate still remains below that of many other countries.

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Swiss population urged to save energy to mitigate winter shortages

The Swiss government has appealed to the population to save on household energy ahead of anticipated electricity and gas shortages this winter.

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Switzerland should get tougher on money-laundering, says report

Swiss legislation is lagging behind in the fight against money laundering, and “seldom anticipates developments at international level”, the Swiss Federal Audit Office (SFAO) has warned.

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Healthcare and pensions top Swiss worry list

Healthcare costs, the pension system and climate change are the top three burning issues for the Swiss, according to a survey published by the Tamedia group. Covid has slipped out of sight and mind.

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Swiss electricity boss: energy policy not to blame for shortages

The head of the Swiss Federal Electricity Commission (Elcom) reckons a winter energy crisis is virtually unavoidable. However, he said the cause of the problem – war in Ukraine – was also difficult to predict.

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Switzerland’s population older than ever, shows recent data

In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022.

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