Tag Archive: Business

Why Western companies still can’t quit Russia

Despite public and political pressure, the mass exodus of Western firms from Russia hasn’t materialised according to a recent study. Why aren’t more cutting ties with Russia despite pledges to do so?

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Swiss start-up funding quadruples within five years

The volume of venture capital that helps aspiring companies get off the ground in Switzerland quadrupled to CHF4 billion ($3.7 billion) between 2017 and 2022.

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Surfing the American wave: Swiss watch exports reach new heights

Last year Swiss watch exports surpassed CHF24 billion ($26 billion) for the first time. The positive trend is expected to continue into 2023. Journalist and deputy head of the swissinfo.ch editorial group for German, French and Italian. Earlier, worked for Teletext and Switzerland’s French-language national broadcaster.

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Swiss president remains tight-lipped on ‘Covid leaks’

Alain Berset told his ministerial colleagues on Wednesday that he had no knowledge of leaks from his department to the media. In public however Berset remains reluctant to give further information.

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Company takeovers and mergers on the rise in Switzerland

Despite the volatile situation on financial markets and the war in Ukraine, the number of mergers and acquisitions (M&As) reached a record high in Switzerland in 2022.

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Why can’t the Swiss National Bank go bankrupt?

The Swiss National Bank (SNB) will make a loss of CHF132 billion in 2022, and distribution of profits to the confederation and the cantons will be suspended. What does this mean for the stability of the SNB and what would happen if it faces another large loss?

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What happens if the debt ceiling raises

It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below.

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Crypto crash fails to deliver death blow to Swiss ambitions

The crypto sector appears to be suffering an existential crisis, shedding jobs, client funds and credibility. Switzerland looks to have escaped with a glancing blow – if industry data is anything to go by.

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UBS eyes US and China expansion

UBS chairman Colm Kelleher says Switzerland’s largest bank needs to expand its wealth management business in the US to compete with the big Wall Street banks.

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Here are three things you can learn from the Fed

Anyone who has decided to buy gold, or follows the gold price will be aware of how powerful the US Federal Reserve is. This year the Federal Reserve will turn 110 years old, only in recent years is dollar hegemony appearing to falter. Below we look at the central bank’s origins and three lessons we can learn from the history of the world’s most powerful bank, in order to help our investment decisions in 2023.

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Inflation, extreme weather and wars identified as top global risks

Global stability is most threatened by rising food and energy costs, climate-related disasters and the risk of further military conflict, according to 1,200 experts canvassed by the World Economic Forum (WEF).

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How To Design Corporate Budget For A Growing Company

The success of a business organization depends, to quite an extent, on the planning of resources. This planning keeps the business way above others. Budgeting, therefore, becomes a critical aspect of accounting. However, please keep in mind that financial planning in business is steeped in challenges because of the economic turmoil.

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Davos apartment rental prices spike ahead of WEF

Visitors travelling to the mountain town of Davos for this month’s World Economic Forum (WEF) could face pricey rates, according to Swiss media. The Schweiz am Wochenende newspaper writes on Saturday that a three-bed studio in the canton Graubünden town costs CHF2,600 ($2,800) per night during the WEF, runs from January 16-20. With service charges and cleaning, this comes to CHF15,000 for the five nights of the event, the paper writes.

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Uber side-stepped Swiss rules, says whistleblower

A former top lobbyist for Uber says the firm wilfully ignored regulations when it began operating in Switzerland in 2013. Uber says it has since updated its working model. By choosing to act first and apologise later in implementing its gig-economy model, Uber “massively undermined” democracy in many countries, including Switzerland, former lobbyist Mark MacGann told Tamedia newspapers on Saturday.

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Over 50,000 new Swiss companies were founded in 2022

A total of 50,015 companies set up in Switzerland last year thanks to a late surge in the last quarter. The number of new firms entering the marketplace has remained stable. The total corresponds to a drop of 1% compared to 2021 and an increase of 7% compared to 2020, according to data from commercial registers compiled by Help.ch published on Tuesday. 

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Switzerland in 2023: New year, new laws

From getting a drone licence to paying for Covid tests, here’s a selection of ten legal tweaks that came into force in Switzerland on January 1. AIRLINES: Passengers can claim more compensation for delayed or lost luggage – up to around CHF1,640 ($1,770). Previously it was CHF1,520. The tedious paperwork hasn’t changed, however.

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Price manipulation to be banned in Swiss energy sector

Switzerland plans to enact laws to prevent price manipulation and insider trading in its domestic energy markets.

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Swiss defy inflation to splash out on Christmas gifts

Swiss consumers have budgeted more for Christmas presents this year despite the growing spectre of inflation. The average shopper plans to splash out CHF343 ($367) on presents, up CHF9 from the average spend in 2021.

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How the Swiss extract gold from rubbish

Switzerland is the global leader in metal recycling, a lucrative business that attracts international interest. We visit a pioneering Swiss waste disposal and recycling plant with a delegation from Japan.

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‘Just another cheque’: Saudi National Bank’s move into Credit Suisse

When Credit Suisse asked its board member Michael Klein to find capital to help its painful restructuring push, the former Citibank executive with ties in the Middle East ended up in a series of meetings with a powerful Saudi bank little known outside the Gulf.

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