Tag Archive: Business

Two out of three Swiss resorts raise ski-pass prices

Some ski lift companies are charging up to 15% more for passes this winter as high energy prices bite, a survey by CH Media shows.

Read More »

Global goods inspector SGS to shed 1,500 jobs

The world’s largest goods inspection and testing group SGS will shed 1,500 jobs worldwide in a cost saving drive.

Read More »

Government firms up plans in case of gas outage

In case of a shortage, households and businesses which heat with piped gas would be asked to lower temperatures to 20°C, the government has said.

Read More »

Swiss health office and pharma firm at odds over flu spray

The Swiss health authorities and the manufacturer AstraZeneca are at loggerheads over a nasal spray to vaccinate children and adolescents against influenza.

Read More »

Leading economist mildly upbeat about Swiss growth prospects

Economic researcher Jan-Egbert Sturm expects the Swiss economy to stagnate in the next few months. The director of the Swiss Economic Institute (KOF) at Federal Institute ETH Zurich, said Switzerland had been been quite resilient in the current economic environment.

Read More »

As pension funds lose out on stock markets, how safe is retirement?

Stock markets this year have been heading steadily downhill. With Swiss pension funds feeling the impact, future retirement payments are only barely guaranteed.

Read More »

Credit Suisse turns to petrodollars to fund turnaround

Swiss bank Credit Suisse has returned to the Middle East to shore up its finances amid mounting losses and a deteriorating balance sheet.

Read More »

Swiss pandemic costs lower than feared

The coronavirus pandemic will have a lighter impact on Swiss state finances than previously feared but will still put the country’s budget in the red, the finance ministry forecasts.

Read More »

Credit Suisse cuts thousands of jobs to restore fortunes

Swiss bank Credit Suisse is shedding thousands of jobs, selling off parts of its business and raising billions in extra capital in a bid to reverse a downward spiral in fortunes.

Read More »

E-cigarette tax mooted in Switzerland

The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes.

Read More »

Credit Suisse to settle tax probe in France

Credit Suisse Group and the French financial prosecution office have agreed to settle a tax fraud and money laundering case in France with a €238 million (CH234 million) payment to the state, a French court heard on Monday.

Read More »

Credit Suisse prepares Swiss business sales to raise capital

Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around CHF4.5 billion, according to people briefed on the discussions.

Read More »

Geneva taxi drivers strike in protest of Uber

Dozens of taxi drivers staged a strike in Geneva to protest a decision by the authorities to allow the ride-hailing company to resume business in the Swiss city.

Read More »

‘On boards of directors diversity is essential’

Cornelia Ritz Bossicard leads swissVR, an independent Swiss association of board members. She explains the role that boards of directors and their members play in steering businesses.

Read More »

Swiss want more transparency in fight against money laundering

The Swiss government has asked the finance ministry to draft a bill to increase transparency of beneficial owners of legal entities to help tackle financial crime.

Read More »

Dixit Joshi: the new Credit Suisse CFO facing a daunting challenge

As daunting first weeks go, Dixit Joshi’s takes some beating. After a weekend of damaging speculation on social media about the impending collapse of Credit Suisse, Joshi started as the bank’s chief financial officer last Monday with its share price plumbing new lows and a gauge of default risk spiralling higher.

Read More »

Uber to roll-out Swiss-wide ‘dual model’ for drivers

The ride-hailing company says it will offer drivers the possibility of remaining independent or becoming official employees of a subcontractor firm.

Read More »

Energy crisis acting as drag for Swiss economy

The KOF economic institute has joined other forecasting agencies to lower its predictions for the Swiss economy. However, the experts do not expect a recession for the time being.

Read More »

2021 a ‘mixed year’ for farmers and their profits

Agricultural income in Switzerland grew slightly in 2021 to reach an average of CHF80,700 ($81,765) per farm, according to latest statistics.

Read More »

Credit Suisse reassures investors over bank’s financial strength

Senior Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about the Swiss bank’s liquidity and capital position in response to concerns raised about its financial strength.

Read More »