Tag Archive: Business

Swiss private bank accepts bitcoin

2017-07-17

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2017-07-17

Falcon has teamed up with cryptocurrency brokerage Bitcoin Suisse to offer the service. With the value of bitcoin and other cryptocurrencies soaring in recent months, the bank said it was responding to demand from clients. It has also installed a bitcoin ATM at its Zurich HQ.

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Switzerland Opens Door To Bitcoin Asset-Management Business

2017-07-16

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2017-07-16

Falcon Private Bank
Bitcoin and other cryptos have fallen sharply over the past month in a shakeout that saw some of the early longs decide to take their winnings and walk away. But a 20% drop from the all-time highs hasn’t done much to temper wealthy investors interest in bitcoin and other cryptocurrencies as alternative investments potentially worthy of diversification.

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Swiss railways – you get what you pay for

2017-07-16

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2017-07-16

Miners
The slowcoaches in the study, carried out by consultants SCI Verkehr for the German Pro-Rail Alliance, were France and Spain, which spent €37 and €36 per person respectively.

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Novartis sued by bird flu guinea pig

2017-07-15

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2017-07-15

Scientist feared
When the H5N1 virus broke outexternal link among birds in Europe in 2005, scientists feared it could be transmitted from human to human and cause a pandemic. The pharmaceutical industry across Europe rushed to develop a vaccine.

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Singapore sentences ex-BSI banker to more jail time

2017-07-14

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2017-07-14

A political storm has raged for two years in Malaysia over the scandal at 1Malaysia Development Berhad (1MDB), which is the focus of money-laundering investigations in at least six countries, including Switzerland and the United States.

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Swiss to help Indian tax-dodging investigation

2017-07-14

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2017-07-14

Herve Falciani fled Switzerland
The decision was reached on Thursday by the Federal Administrative Court in St Gallen, which rejected an appeal by two Indian citizens and two companies that are subject to requests by the Indian taxman following up on data included in the Falciani files.

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Swiss economic mission starts with Russia

2017-07-13

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2017-07-13

Schneider-Ammann, traveling with a large business delegation, was wrapping up a two-day visit to Russia on Tuesday. Switzerland, as a non-EU member, did not impose sanctions against Russia, but it also tried to keep up EU and US relations by blocking attempts to circumvent the sanctions, which include travel bans and asset freezes via Switzerland.

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G20 – what’s in it for Switzerland?

2017-07-12

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2017-07-12

Switzerland’s main trading partner is the European Union, and the single nation that does the most trade with the Swiss is Germany. So, it stands to reason that a G20 summit in Germany is especially important for Switzerland’s competitive economy. What came out of the recent gathering in Hamburg for the Swiss?

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Victorinox named an official pocketknife supplier to US army

2017-07-12

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2017-07-12

The US Defense Logistics Agencyexternal link (DLA), the Department of Defense’s largest logistics combat support agency, had indeed added the Victorinox knife to its list, a DLA spokesperson told the Swiss News Agency on Monday, confirming a report in the Luzerner Zeitungexternal link newspaper.

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Swiss papers: Riot images overshadow talks

2017-07-11

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2017-07-11

he G20 summit in Hamburg resulted in a mixed bag for the host, German Chancellor Angela Merkel, and an agenda overshadowed by the images of violent protesters, Swiss news media reported. A report in the Swiss newspaper Neue Zürcher Zeitung, or NZZexternal link, described an outcome in which Merkel could only “partially delight”. She set climate change and trade as top priorities, but the

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Swiss block sale over concern about Pakistani nuclear programme

2017-07-11

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2017-07-11

Swiss government officials say they denied an export permit to a domestic manufacturer because of indications that its products would have supported the production of Pakistani nuclear weapons. The decision by Switzerland’s State Secretariat for Economic Affairs (SECOexternal link) prevented the undisclosed Swiss company from being able to sell its valves abroad for use in ventilation systems.

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G20 demos draw Swiss involvement

2017-07-10

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2017-07-10

Swiss news media reported on Sunday that at least one Swiss was among those arrested at violent protests during the Group of 20 summit in Hamburg, Germany. Swiss newspaper SonntagsBlick said the train bringing Swiss protesters back home to Switzerland was stopped and searched at the border, and that the head of police in Bern suggested there might have been fewer police injured in Hamburg if they used rubber bullets like police do in the Swiss...

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Ethical Coffee Company to bow out of capsule business

2017-07-09

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2017-07-09

The timing may seem strange: over the past year, the Ethical Coffee Company (ECC), which has long been embroiled in patent-related battles with capsule giant Nespresso, has seen several verdicts go in its favour. But ECC founder and CEO Jean-Paul Gaillard revealed to Le Temps on Thursday that the company will be retiring from the capsule market over the next six months.

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Swiss at table in G20 finance talks

2017-07-09

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2017-07-09

The financial aspect to the talks, one of two main “tracks” for discussions at the two-day summit, will focus on coordinated steps to stabilise the global economy, structural measures to promote growth and reform proposals for the international financial system, according to the Swiss State Secretariat for International Financial Matters, or SIF.

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VW to recall thousands of cars in Switzerland

2017-07-08

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2017-07-08

The Swiss newspaper Blick, which broke the story on Wednesday, said that the issue mainly concerned the VW Golf, Jetta, Audi A3 and Skoda Octavia models that went on the road between 2008 and 2009. The company was set to start contacting owners from July 17.

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Addax settles Nigeria corruption claims

2017-07-07

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2017-07-07

Geneva-based oil and gas extractor Addax Petroleum has paid CHF31 million ($32 million) to settle a criminal investigation into allegations of corrupt payments in Nigeria. Geneva’s cantonal prosecutor has in return dropped the probe.

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Artisan gelaterias shake up ‘mediocre’ ice-cream market

2017-07-05

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2017-07-05

Ice-cream consumption in Switzerland hasn’t change since the 1990s and is far behind that in neighbouring countries. But small local gelaterias are challenging the dominance of industrial manufacturers. The 5.4 litres of ice cream that the average Swiss spoons down every year is put in the shade by the eight litres in Germany and Italy and 12 litres in sweltering Sweden and Finland. While these figures from Glacesuisse, the association of Swiss...

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Swiss start-ups to enjoy huge cash boost

2017-07-04

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2017-07-04

On Friday 15 big names from banking, insurance, foundations and business signed a declaration to support the Swiss Entrepreneurs Foundation, the NZZ am Sonntag reportedexternal link.

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Chocolate industry makes pact to improve conditions

2017-07-02

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2017-07-02

Switzerland’s chocolate producers have launched the Swiss Platform for Sustainable Cocoa, a joint project to bring about a more sustainable industry and better conditions for cocoa producers.Members of the new sustainable cocoa platform have set and pledged to work towards ten strategic objectives. The key target is one stipulating that by 2025, at least 80% of imported cocoa products should come from sustainable production.The project was...

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Chocolate industry makes pact to improve conditions

2017-06-30

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2017-06-30

Members of the new sustainable cocoa platform have set and pledged to work towards ten strategic objectives. The key target is one stipulating that by 2025, at least 80% of imported cocoa products should come from sustainable production.

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