Tag Archive: Featured

Switzerland has worst summer potato harvest on record

2026-09-03

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2026-09-03

This summer’s heatwave led to the worst potato harvest in Switzerland since records began. To make up for this, 130,000 tonnes of potatoes had to be imported. This year, Swiss farmers harvested just 333,000 tonnes of potatoes, the industry umbrella organisation Swisspatat said on Thursday. This is nearly 20% less than the average over the …

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Petition launched to stop outsourcing of Swiss Post, Swisscom jobs

2026-09-03

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2026-09-03

A public-sector union is launching a petition to halt the outsourcing of jobs abroad by Swiss Post and Swisscom. The campaign, launched by the union Transfair, is urging the Swiss government and parliament to take action to put a stop to what it considers to be a development that runs counter to the country’s interests. …

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Swiss summer storm damage to cost insurers hundreds of millions of francs

2026-09-03

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2026-09-03

The damage caused in Switzerland by a storm at the end of August is likely to prove very costly. According to initial estimates by insurers, it will be at least in the three-digit million range, a survey carried out by the AWP news agency shows. The violent weather on August 28 was by far the … Continue...

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Geneva Airport generates over CHF3 billion for regional economy: report

2026-09-03

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2026-09-03

Geneva Airport, the operator of the international airfield at Cointrin, generates CHF3.3 billion ($4.08 billion) in added value and provides nearly 22,000 jobs, a new study shows. The airport's chief executive intends to continue strengthening air connectivity, which is particularly important for businesses. Of the CHF3.3 billion, nearly CHF2 billion went to the canton of …

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The Yen Squeezes Higher, Though Official Fingerprints are Elusive

2026-09-03

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2026-09-03

The main story today is the Japanese yen.  It is sharply higher today.  The move began early North America yesterday.  No one claimed intervention and many, including ourselves, thought it may have been a rate check.  An initial look at the BOJ’s balance sheet suggests that Japan likely did not intervene yesterday.  The dollar trended …

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Ben Bernanke Didn’t Prevent a Depression. He Prevented a Recovery

2026-09-03

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2026-09-03

Because of Keynesian inflationary bias, economists, politicians, and journalists celebrated the huge financial moves that Ben Bernanke made in 2008 and beyond to deal with the financial meltdown and its aftermath. But Bernanke’s moves didn’t help the economy; they made things worse.

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Swiss economy posts strong growth in second quarter

2026-09-03

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2026-09-03

The Swiss economy grew by 1.5% in the second quarter of the year, compared with the previous quarter, according to the second estimate published on Thursday by the State Secretariat for Economic Affairs (SECO). This figure, adjusted for sporting events, confirms the estimates released in mid-August, which point to a marked acceleration following a rise …

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Global Bond Yields Fret Inflation & Deficits

2026-09-03

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2026-09-03

For those worried about the impact of deficits and inflation on US bond yields, it's worth taking a trip around the world to get a better picture. Global bond yields for many of the world's ten largest economies are behaving similarly. Across the Globe, the US, Germany, Japan, France, Italy, and Brazil- seven of the …

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Nestlé to invest over CHF300 million in Brazil

2026-09-03

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2026-09-03

The Swiss food group Nestlé is investing a total of CHF310 million ($380 million) in its nutrition and health business in Brazil by 2028. Part of this investment involves the construction of a new baby-food factory. Around CHF94 million are being invested in the new plant in Ituiutaba, in the state of Minas Gerais, Nestlé …

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Swiss inflation rate jumps to highest level in two years

2026-09-03

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2026-09-03

Swiss inflation accelerated far more than analysts anticipated to the fastest pace since September 2024, suggesting a weaker franc is feeding through to the economy. Consumer prices rose 0.8% in August from a year earlier, up from 0.4% in July, the Federal Statistical Office said on Thursday. The result was higher than every single forecast …

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The numbers behind China’s pharma rise

2026-09-03

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2026-09-03

For decades, China was known for producing cheap copycat drugs and ingredients for large pharmaceutical firms. But it now has its own cutting-edge drug industry, creating opportunities and competition for big pharma players like Swiss firms Roche and Novartis. China’s biopharmaceutical industry has long been characterised by its fast-follower nature and large-scale manufacturing base – …

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Christoph Ammann to Lead SNB Bank Council as President From May 2027

2026-09-03

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2026-09-03

Switzerland’s Federal Council has appointed Christoph Ammann as President of the Bank Council of the Swiss National Bank. He succeeds Barbara Janom Steiner, who steps down at the end of April 2027 after reaching the statutory 12-year limit on Bank Council terms. Janom Steiner has been a member of the Bank Council since 2015 and its President since 2019. The change takes effect on 1 May 2027, with Ammann serving out the remainder of the 2024-2028...

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China’s pharma companies turn to Europe for growth

2026-09-03

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2026-09-03

China has emerged as a powerhouse of biotech innovation, but local firms still face a steep climb toward financial stability and global growth. Swissinfo spoke with three Chinese companies navigating these hurdles as they set their sights on Europe. At this year’s Swiss Biotech Day in Basel in May, 12 Chinese companies – nearly double …

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Is there still a future for vitamin production in Switzerland?

2026-09-03

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2026-09-03

China is flooding the global vitamin market, leaving European vitamin producers in a precarious position. The world’s largest vitamin E factory is located in Sisseln, in the canton of Aargau in northern Switzerland. Vitamins have been produced there since the 1970s, and around a third of the world’s vitamin E comes from the site. Silvia …

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The Definition of Insanity

2026-09-02

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2026-09-02



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The Capture of the Constitution: How Public Sector Unions Exploited Free Speech to Suppress Black Upward Mobility

2026-09-02

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2026-09-02

Public employee unions have used their built-in advantages to damage this country’s political economy and work hardships on taxpayers.

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More Military Murders on the High Seas

2026-09-02

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2026-09-02



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Novartis to cut up to 130 jobs in Basel

2026-09-02

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2026-09-02

The pharmaceutical company Novartis is cutting up to 130 jobs in Basel by the end of 2027. The reason, the company announced on Wednesday, is that it is discontinuing the small-scale production of biologics in the Kleinbasel district. In the future, other biologics sites around the world will take over the tasks of the Basel … Continue...

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No, Flock Is Not Really a Private Company

2026-09-02

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2026-09-02

The term that best describes the CEO of the "private" company Flock is "parasite" or "plutocrat" or "welfare queen" because his "business model" is simply finding ways to exploit the taxpayers.

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Swiss government launches consultation on new agriculture policy

2026-09-02

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2026-09-02

The Swiss government has launched the public consultation on the agricultural policy from 2030 onwards. Key objectives for the policy include greater food security and freedom for farmers. On Wednesday, the federal government launched a consultation on the draft bill entitled "Agricultural Policy from 2030 (AP30+)". The consultation will run until December 8. Not only …

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