Tag Archive: Business

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

2022-12-15

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2022-12-15

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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Swiss food giant Nestlé to open new factory in war-torn Ukraine

2022-12-14

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2022-12-14

The Swiss multinational Nestlé says it will invest CHF40 million ($42. million) to launch a new production facility in western Ukraine.

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New Swiss rail timetable expands offer to tourist regions

2022-12-13

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2022-12-13

Swiss Federal Railways has launched a new timetable, which offers more regional services and direct links between eastern and western Switzerland, and additional connections to popular tourist regions.

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Online replaces TV as most influential form of media

2022-12-07

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2022-12-07

Online media replaced television as the most influential media genre in Switzerland for the first time in 2021, according to a study. Large brands such as 20 Minuten and Swiss public radio and television, SRF, lost influence in favour of smaller titles.

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Two out of three Swiss resorts raise ski-pass prices

2022-11-21

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2022-11-21

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.

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Global goods inspector SGS to shed 1,500 jobs

2022-11-18

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2022-11-18

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

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Government firms up plans in case of gas outage

2022-11-17

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2022-11-17

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.

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Swiss health office and pharma firm at odds over flu spray

2022-11-14

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2022-11-14

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

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Leading economist mildly upbeat about Swiss growth prospects

2022-11-13

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2022-11-13

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.

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

2022-11-08

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2022-11-08

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

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Credit Suisse turns to petrodollars to fund turnaround

2022-10-30

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2022-10-30

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

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Swiss pandemic costs lower than feared

2022-10-29

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2022-10-29

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.

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Credit Suisse cuts thousands of jobs to restore fortunes

2022-10-28

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2022-10-28

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.

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E-cigarette tax mooted in Switzerland

2022-10-27

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2022-10-27

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

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Credit Suisse to settle tax probe in France

2022-10-26

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2022-10-26

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.

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Credit Suisse prepares Swiss business sales to raise capital

2022-10-20

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2022-10-20

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.

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Geneva taxi drivers strike in protest of Uber

2022-10-19

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2022-10-19

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.

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‘On boards of directors diversity is essential’

2022-10-17

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2022-10-17

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.

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Swiss want more transparency in fight against money laundering

2022-10-15

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2022-10-15

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.

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

2022-10-12

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2022-10-12

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.

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