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Swiss businesses losing billions due to Temu and Shein
Egger said low-cost competition poses a real threat to Swiss stores, but especially to those that are themselves in the low-price segment.
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Real Swiss wages likely to rise in 2025, says UBS bank
Real wages in Switzerland likely to rise in 2025 according to UBS
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Why Trump’s Victory Matters, and Why It Doesn’t
Donald Trump is the projected winner of the 2024 presidential election. After winning back states he had lost in 2020, Trump performed well in Wisconsin, Michigan, and Pennsylvania—states Kamala Harris needed to win. Trump has won more than enough electoral votes to win back the White House and, as of early Wednesday morning, is projected to win the popular vote. Republicans have also retaken control of the Senate. Control over the House of...
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Swiss nerves jangle after Trump victory
Trump supporters celebrate victory in the US
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Rise in bankruptcies of Swiss companies
Significant increase in company bankruptcies
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Swiss Federal Railways launches campaign for safety on public transport
Train staff suffer on average ten verbal or physical attacks every day, some of which have become more serious in recent years, says the Swiss Federal Railways.
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Swiss property prices continue to rise
Single-family home prices rose the most in the urban municipalities of large agglomerations.
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To “Save Democracy,” Facebook Bans “Dictator”
Facebook notified me on Sunday morning that eight years ago, I posted a link to my Washington Times article warning of Dictatorial Democracy regardless of whether Hillary Clinton or Donald Trump won the 2016 election. The opening sentence set the tone: “The 2016 election campaign is mortifying millions of Americans in part because the presidency has become far more dangerous in recent times.” Facebook always gives users the option to “Share a...
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Davos entourages will face 10-fold price increase next year
The WEF meeting overwhelms the little Swiss ski resort every year for one week in January, when local businesses rent out space to corporations who want to set up “store fronts” where they can market their services and host client meetings.
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Swiss to reduce administrative burden on farms from 2026
Farmers will have to wait until 2026 for fewer controls
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Novartis CEO: ‘Our strategy is bearing fruit’
Vasant (Vas) Narasimhan has been CEO of Novartis since February 2018.
Keystone / Georgios Kefalas
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Government Coverups and Censorship Are the Problem
“What makes it possible for a totalitarian or any other dictatorship to rule is that people are not informed; how can you have an opinion if you are not informed? If everybody always lies to you, the consequence is not that you believe the lies, but rather that nobody believes anything any longer… And a people that no longer can believe anything cannot make up its mind. It is deprived not only of its capacity to act but also of its capacity to...
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Switzerland wants more trade with China despite US-Chinese tensions
A staff member cleans the red carpet prior to the arrival of Chinese Premier and Swiss President, during an official visit in Kehrsatz, near Bern on January 15, 2024.
PETER KLAUNZER / POOL / AFP)
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Gold Is Back—And So Is Judy Shelton
Gold is on the rise, and so is the typical gold-standard nostalgia that has erupted every time price inflation, banking crises, and/or debt concerns have reappeared after the fall of the Bretton Woods gold-exchange standard in 1971. Certainly, the precious metal’s ascent, as usual, is signaling that all is not well.Earlier this year, the precious metal soared past $2500 an ounce to all-time price highs, making it one of the best-performing assets...
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Swiss central bank posts CHF62.5bn profit
SNB generates profit of CHF 62.5 billion in the first three quarters
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US Treasury sanctions two Swiss lawyers for aiding Russian clients
The US Treasury Department announced sanctions against 275 individuals and entities in countries including India, Switzerland, China, and Turkey,
Keystone-SDA/ Copyright 2024 The Associated Press. All Rights Reserved
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Experts pessimistic about the Swiss economic outlook
The outlook for the Swiss economy is better than a month ago but still in negative territory.
Keystone-SDA / Jean-Christophe Bott
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Swiss federal prosecutor receives Credit Suisse papers on Mozambique scandal
The Mozambique scandal concerns loans to Mozambique arranged by Credit Suisse a decade ago, which were taken out without the knowledge of the local parliament and the International Monetary Fund.
Keystone / Georgios Kefalas
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UBS beats market expectations with billion-dollar quarterly profit
UBS beats market expectations with billion-euro quarterly profit
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Swiss economy grew in all cantons in 2022
Swiss economy grew in all cantons in 2022
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