Tag Archive: Latest news

Swiss firms rank low in European ‘Gender Diversity Index’

The proportion of women in leading positions at major European companies rose slightly last year but progress is slow, according to a new study that compares 19 countries. Switzerland was ranked near the bottom of the 2021 “Gender Diversity Index”.

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Pandemic drives Swiss Post parcel deliveries

The state-owned Swiss Post processed a record number of parcels last year, but the downward letter mail continued. Parcel deliveries increased by 9.6% to 202 million in 2021, according to the state-owned company.“

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Pandemic pushes Swiss house prices higher

The value of residential property in Switzerland continued to rise strongly in 2021 in the wake of Covid-19. Property prices are likely to rise further this year, according to an analysis.

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Zurich Airport faces another loss for 2021

The Covid pandemic has hit Zurich Airport, one of the biggest employers in the region, hard. But CEO Stephan Widrig says there are sufficient financial resources to get through the crisis, including the Omicron variant.

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Swiss trade union demands shorter work week

Switzerland’s largest trade union issued a statement on Saturday demanding a “massive reduction” of working hours with full wage compensation for lower and income earners.

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Ransomware attacks on the rise in Switzerland

Cyber-attacks are on the rise in Switzerland with 94 ransomware incidents reported in the first half of the year, according to the Sunday weekly Le Matin Dimanche.

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Demand for crypto stamp crashes post office’s online shop

The launch of Swiss Post’s first “crypto” stamp has met with such high demand that the online shop was overwhelmed for several hours.

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Call to tap potential of professional working women

Women make up half of the highly skilled workforce in Switzerland, but work fewer hours, according to a study published on Tuesday. One in three would like to work more, under certain conditions.

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Geneva-Lausanne train link remains suspended

The holes were caused by tunneling work under the tracks carried out by a private company, which was working on a thermal energy project using water from Lake Geneva to heat an industrial zone not far from the train line. Keystone / Jean-christophe Bott The main rail link between Geneva and Lausanne in southwestern Switzerland will not re-open until Friday morning, Swiss Federal Railways (SBB/CFF) has confirmed. The line has been suspended since...

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Mozambique watchdog wants $2 bln debt relief from ‘guilty’ Credit Suisse

A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off.

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Swiss entities aim to be green pioneers

Some government departments and 13 other Swiss entities have signed a pact to increase energy efficiency, expand renewable energies and make their investments “climate compatible”.

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Swiss companies told to brace for electricity shortages

The Swiss government has shared its vision for coping with major power outages in a brochure shared with thousands of companies, the weekly NZZ am Sonntag reported on Sunday. In the absence of an electricity agreement with the European Union, such a scenario is likely if large power plants fail in Switzerland or abroad.

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Covid: Swiss private banks ‘got off relatively lightly’

Swiss private banks managed to increase their assets under management to CHF2.9 trillion ($3.15 trillion) last year, an increase of 2.8% on 2019.

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Switzerland could face electricity shortage by March

If progress is not made on an electricity agreement with the European Union, at least at a technical level, Switzerland is likely to face a significant problem guaranteeing electricity in the short and medium term, especially in winter.

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Businesses give mixed reaction to Covid certificate

While most Swiss hotels and restaurants are critical of the need to show a Covid certificate, overall small and medium-sized enterprises (SMEs) do not perceive it as a disadvantage.

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Poll: Most Swiss back 30km/h speed limit in urban areas

Most Swiss residents would be in favour of a 30 kilometre (18 miles) per hour speed limit in urban areas, a survey has found.

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‘Fantasy Basel’ re-opens after a two-year Covid break

The three-day Fantasy Basel festival for fans of films, games, comics, cosplay and manga has re-opened its doors after a two-year break.

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Special prosecutor appointed in Crypto spy scandal

A special public prosecutor has been named in connection with the Crypto spying affair involving manipulated encryption devices which the CIA and the German intelligence agency used to spy on half the world.

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Swiss retain top spot in wealth management ranking

Switzerland is still number one in terms of wealth management internationally, despite the growth in new assets slowing in 2020, according to consulting firm Deloitte.

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Farmers make hay in 2020 but brace themselves for grim 2021

Covid, the weather and the pig market were kind to farmers in 2020, with income increasing 6.7% compared with 2019. But this year is looking much bleaker.

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