Tag Archive: Latest news

Raiffeisen pulls out of Swiss Bankers Association

2020-11-11

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2020-11-11

Raiffeisen, Switzerland’s third-largest banking group, says it will leave the Swiss Bankers Association (SBA) at the end of March 2021. It intends to represent its interests independently.

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Swiss investors still leaning heavily on fossil fuels

2020-11-10

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2020-11-10

The Swiss financial market invests too much in oil and coal production, according to a review of nearly 200 financial institutions.

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Shareholders call for new priorities for manager salaries

2020-11-07

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2020-11-07

Shareholders in Switzerland want a rethink on how managers are paid and demand that priorities regarding corporate governance, sustainability and corporate social responsibility (CSR) be redefined, a survey has found.

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Zurich prosecutor charges former Raiffeisen bank chief Vincenz

2020-11-05

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2020-11-05

The Zurich public prosecutor has accused the ex-CEO of Swiss bank Raiffeisen Pierin Vincenz of fraud, embezzlement and bribery following a two-year criminal investigation.

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Zug and Geneva boost attractiveness with corporate tax cuts

2020-10-18

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2020-10-18

Canton Geneva has made the biggest jump in the annual Credit Suisse ranking of attractive business locations, moving up ten spots to sit just behind Zurich.

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Swiss return frozen CHF36 million to South American football federation

2020-10-16

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2020-10-16

Swiss authorities have returned about CHF36.6 million ($40 million) in funds frozen in Swiss bank accounts amid football corruption investigations into the South American football confederation CONMEBOL.

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Swiss government expects 2020 GDP to shrink less than feared

2020-10-15

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2020-10-15

Swiss economic output will shrink by 3.8% this year, a less bad coronavirus-triggered slump than previously expected, the State Secretariat for Economic Affairs (SECO) said on Monday.

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Techonology firm Ruag International to cut more jobs

2020-10-14

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2020-10-14

The Swiss aerospace and armament company, Ruag, says it will shed up to 150 jobs by the end of next year due to the coronavirus crisis.

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Hotel sector sees gloomy outlook

2020-10-12

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2020-10-12

Swiss hotels are predicting a worsening outlook, as newspapers warn thousands of jobs could be lost in the sector. According to the latest survey by sector association HotellerieSuisse  at the beginning of this month, more than a third of hotels (37%) say they will have to lay off staff in the coming months.

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Hackers steal wages from Swiss universities

2020-10-05

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2020-10-05

Unidentified cybercriminals have managed to siphon off employee salary transfers from at least three Swiss universities, including the University of Basel.

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Switzerland ranked sixth in digital competitiveness study

2020-10-03

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2020-10-03

The Alpine nation has slipped one place to sixth in the “World Digital Competitiveness ranking” compiled by the Lausanne-based IMD business school.

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Swiss National Bank figures show burst of franc-dousing interventions

2020-10-02

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2020-10-02

The Swiss National Bank (SNB) spent CHF90 billion ($97.8 billion) in the first half of the year, more than it has spent in the past three years combined, to hold down artificially the value of the wealthy alpine state’s currency.

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Zurich invention may be used in Fukushima nuclear clean-up

2020-10-01

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2020-10-01

Researchers in Zurich have developed a filter membrane made of whey proteins and activated carbon that can clean contaminated radioactive water. They hope to deploy their invention at the site of the Fukushima nuclear disaster in Japan.

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SWISS plans to introduce rapid pre-boarding Covid tests

2020-09-28

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2020-09-28

German airline Lufthansa will introduce rapid tests before certain flights to detect Covid-19 in passengers. If the trial, set to start in October, is successful, it will be expanded to Lufthansa subsidiaries Swiss International Air Lines (SWISS) and Edelweiss.

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Covid-19: Swiss ‘industry mix’ helps avert dramatic GDP slump

2020-09-28

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2020-09-28

Government economists say the impact of the pandemic in Switzerland is slightly less severe than previously feared. This is partly thanks to the mix of industries in Switzerland and the decision to rapidly lift coronavirus restrictions, according to the State Secretariat for Economic Affairs (SECO).

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Swiss regulator censures Bank Syz over money laundering

2020-09-26

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2020-09-26

The Swiss financial market regulator FINMA has reprimanded Bank Syz for breaching money laundering rules involving a business relationship with an Angolan client.

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Parliament clarifies federal government powers to manage Covid-19 crisis

2020-09-24

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2020-09-24

Measures put in place by the federal government to help manage the coronavirus crisis can be officially extended thanks to a decision by parliament.

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Toxins found in popular Swiss tourist spot

2020-09-18

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2020-09-18

Carcinogenic toxins have seeped into the groundwater at the Blausee in the Bernese Oberland, killing thousands of fish, say the owners of the lake’s fish farm. They point the finger at companies renovating the Lötschberg summit tunnel and the authorities.

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Merger rumours boost UBS and Credit Suisse shares

2020-09-16

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2020-09-16

Shares of Credit Suisse and UBS moved to the top of SMI stocks on Monday morning after a media report said the Swiss banks were planning a merger.

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Swiss Tourism Industry demands new Covid-19 Quarantine Regime

2020-09-14

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2020-09-14

Swiss Tourism Industry
Foreign visitors from Covid-19 high risk countries should be able to travel to Switzerland with negative corona tests and not have to go into quarantine, say tourism officials. Under Swiss regulations, anyone entering Switzerland from one of the high risk coronavirus countries on a list regularly updated by the Federal Office of Public Health must go into quarantine for ten days to help curb the spread of Covid-19, or risk a fine.

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