Category Archive: 3) Swiss Markets and News

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Covid-19: Swiss ‘industry mix’ helps avert dramatic GDP slump

2020-09-28

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2020-09-28

Government economists say the impact of the pandemic in Switzerland is slightly less severe than previously feared. This is partly thanks to the mix of industries in Switzerland and the decision to rapidly lift coronavirus restrictions, according to the State Secretariat for Economic Affairs (SECO).

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Switzerland to ramp up seasonal flu vaccinations to cut Covid-19 co-infection risk

2020-09-27

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2020-09-27

As winter approaches the federal and cantonal governments of Switzerland are hoping a larger number of people than normal will get the seasonal flu jab as the spread of Covid-19 continues, according to RTS.

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The slow but steady progress of driverless buses in Switzerland

2020-09-27

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2020-09-27

Over the past five years, various kinds of autonomous vehicles, including buses, have popped up on Swiss roads. But though testing continues, a driverless future might yet be some years away.

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Swiss regulator censures Bank Syz over money laundering

2020-09-26

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2020-09-26

The Swiss financial market regulator FINMA has reprimanded Bank Syz for breaching money laundering rules involving a business relationship with an Angolan client.

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Rapid Covid-19 tests could offer a path back to normal

2020-09-26

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2020-09-26

Swiss pharmaceutical company Roche plans to launch a test that can detect the coronavirus in 15 minutes. Could tests like this become the norm?

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2500 students quarantined at Lausanne’s hotel school

2020-09-25

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2020-09-25

Around three quarters of the students at the hotel school of Lausanne (EHL) have been placed in quarantine after a number of students tested positive for SARS-CoV-2, reported RTS.

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Switzerland and UK balance sovereignty with EU market access

2020-09-25

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2020-09-25

Britain’s controversial Internal Market Bill has prompted Switzerland’s former chief negotiator with the EU, Michael Ambühl, to examine the thorny issue of sovereignty in EU talks.

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How the Swiss film industry is coping with the pandemic

2020-09-24

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Filmmaking doesn’t naturally lend itself to social distancing, meaning the coronavirus is disrupting films worldwide. This is how Swiss directors and the industry have been coping with the situation.

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Parliament clarifies federal government powers to manage Covid-19 crisis

2020-09-24

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2020-09-24

Measures put in place by the federal government to help manage the coronavirus crisis can be officially extended thanks to a decision by parliament.

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WEF Davos conference in doubt for 2021

2020-09-23

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2020-09-23

The World Economic Forum’s (WEF) flagship summit may not take place in Davos next year, businesses in the alpine town have been warned. The pandemic had already forced organisers to postpone the event from its usual January slot to a potential early summer date.

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Swiss women’s football anniversary

2020-09-22

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It's the 50th anniversary of the women’s football league in Switzerland, and there's a special exhibition at Zurich's football club to celebrate women's participation in the sport.

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‘Switzerland failing to tackle money laundering’: Thelesklaf

2020-09-22

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2020-09-22

The former head of Switzerland’s anti-money laundering office says the country is failing to pull its weight in the fight against large scale corruption. Daniel Thelesklaf is convinced that billions of dollars are still being laundered through Swiss banks, largely unchecked.

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Confidence in vaccine safety remains low in Switzerland

2020-09-21

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2020-09-21

Compared to much of the world, confidence in the safety of vaccines is low in Switzerland, according to a recently published study. In 2015, only 30% of Swiss questioned strongly agreed that vaccines were safe, ranking it 133rd out of 149 nations in terms of confidence in vaccine safety.

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Chlorothalonil in Zurich’s groundwater above the limit in 60 percent of samples

2020-09-20

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2020-09-20

The banned substance chlorothalonil, which is in some pesticides, has been found to be above the limit in 60% of ground water samples taken across the canton of Zurich over the last 12 months, reported SRF.

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Do the WTO and the 1972 Free Trade Agreement guarantee Swiss access to the EU market?

2020-09-20

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2020-09-20

The authors of a popular initiative to limit immigration to Switzerland from the 27-nation European Union say a “yes” vote will not affect Swiss businesses’ access to the EU market. A fact check shows the claim to be misleading.

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Paternity Leave: ‘Nobody is talking about the indirect costs’

2020-09-19

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2020-09-19

Switzerland doesn’t need two weeks of paternity leave, says Radical-Liberal politician Yasmine Bourgeois. The mother of three says if the proposal is accepted on September 27, left-wing groups will keep asking for more and more.

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Toxins found in popular Swiss tourist spot

2020-09-18

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2020-09-18

Carcinogenic toxins have seeped into the groundwater at the Blausee in the Bernese Oberland, killing thousands of fish, say the owners of the lake’s fish farm. They point the finger at companies renovating the Lötschberg summit tunnel and the authorities.

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Referendum: Swiss to vote on ending EU agreement

2020-09-17

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2020-09-17

On 27 September 2020, Swiss voters have many decisions to make. This time the list of votes includes decisions on fighter jets, hunting, tax deductions for child care and paternity leave. Probably the most important among them is a decision on whether to accept a proposal to end the EU agreement on the free movement of people between Switzerland and the bloc, known as the Limitation Initiative.

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Merger rumours boost UBS and Credit Suisse shares

2020-09-16

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2020-09-16

Shares of Credit Suisse and UBS moved to the top of SMI stocks on Monday morning after a media report said the Swiss banks were planning a merger.

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Coronavirus: no quarantine for people entering Switzerland from border regions

2020-09-16

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2020-09-16

On 11 September 2020, Switzerland’s federal government announced that people entering Switzerland after spending time in regions next to the country’s national borders will be exempted from mandatory quarantine requirements should those regions end up with high rates of infection. Cross-border worker are already exempted from quarantine requirements.

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