Tag Archive: Politics

Swiss government deficit for 2021 revised down

2021-10-30

by

2021-10-30

The latest forecast for 2021 shows a deficit of CHF 14.8 billion, down CHF 2.6 billion from an earlier forecast shortfall of CHF 17.4 billion. The deficit is driven mainly by the extraordinary cost of responding to the Covid-19 pandemic.

Read More »

Thousands protest against Covid measures in Switzerland

2021-10-20

by

2021-10-20

Over the weekend, several thousand people took to Swiss streets to protest against Switzerland’s measures to reduce the impact of Covid-19, reported RTS.

Read More »

Weekly Market Pulse: Perception vs Reality

2021-10-18

by

2021-10-18

It was the best of times, it was the worst of times… Charles Dickens, A Tale of Two Cities Some see the cup as half empty. Some see the cup as half full. I see the cup as too large.

Read More »

50 years since the closure of the “gold window”

2021-10-09

by

2021-10-09

President Nixon’s unilateral decision to sever the last link between the dollar and gold had wide ranging and long lasting consequences for the global economy and for the entire monetary system. The end of sound money facilitated and accelerated the concentration of power at the top and the ability to manipulate the currency allowed politicians and central planners to further expand the state’s reach and push ahead with populist, reckless and...

Read More »

Solidarity vital to overcome crises, Swiss president tells UN

2021-09-24

by

2021-09-24

Guy Parmelin, who holds the rotating Swiss presidency this year, has called for solidarity to tackle global environmental and trade issues.

Read More »

Swiss won’t vote on arms export ban proposal

2021-09-17

by

2021-09-17

Campaigners seeking a ban on Swiss arms exports have withdrawn their initiative that aimed to stop weapons exports to countries in conflict.

Read More »

Risk Appetites Return from Holiday

2021-08-23

by

2021-08-23

Overview: After an ugly week, market participants have returned with strong risk appetites.  Equities are rebounding, and the greenback is paring recent gains.  Bond yields are firm, as are commodities.  Asia Pacific equities got the ball rolling with more than 1% gains in several large markets, including Japan, China, Hong Kong, and Taiwan. 

Read More »

Chocolate, gold, human rights: what’s the Swiss Connection?

2021-08-10

by

2021-08-10

We take a deep dive into what one country – Switzerland – is doing to honour the United Nations principles on business respects human rights.

Read More »

The far-reaching implications of the amateur trading wave

2021-07-29

by

2021-07-29

Part II of II by Claudio Grass, Hünenberg See, Switzerland Case in point: Silver “apes”  One of the most astounding elements of this shift in retail investing is the proof it offers for what many of us knew along: When people can freely and directly vote with their wallets and put their money where their mouth is, one gets a much clearer picture of what the public, the market or any other large group really thinks and really wants. In...

Read More »

The far-reaching implications of the amateur trading wave

2021-07-27

by

2021-07-27

2020 certainly was a year of a lot of “firsts”, most them extremely destructive to the economy, to our societies and to our everyday lives. However, there were a few positive developments too, among them being the fact that it was the year that ordinary people discovered and entered financial markets. 

Read More »

Freedom Is Not Free You Have To Fight For It, The People Will Demand Decentralization

2021-07-26

by

2021-07-26

Claudio begins his discussion with him taking a trip from Switzerland to Spain. On his travels he realized that the borders are open for cars and people were not asked for proof of vaccination. The people will begin to come together when they cannot function in everyday life because of inflation. People will look for decentralization because the globalist system does not work for the people.  Freedom is not free you have to fight for it.

Read More »

Human Rights Sports Body granted Upgraded Swiss Legal Status

2021-07-10

by

2021-07-10

An organisation set up in Switzerland to prevent sport from harming society and athletes has been granted full association status in Geneva. The Centre for Sport and Human RightsExternal link was awarded the status of an independent non-profit association under Swiss law on Thursday. It has been running since 2018 under a different legal status.

Read More »

Swiss social spending up nearly 60 percent in 20 years

2021-07-06

by

2021-07-06

In 1999, social expenditure in Switzerland was CHF 13,370 per resident. By 2019, the same figure had reached CHF 21,300, a rise of nearly 60%. Over the same period, total inflation was around 11%. Applying inflation to CHF 13,370 brings the figure to CHF 14,480. Why has the cost risen beyond this and how has the extra spending been funded?

Read More »

Swiss Cities Demand end to Opaque Cantonal Tax Competition

2021-06-22

by

2021-06-22

The proposed 15% minimum corporate tax rate is an opportunity for Switzerland to unite its tax code for the better, says an organization representing Swiss cities. City finance directors have criticized cantons for trying to plug expected tax gaps unilaterally, rather than find a common approach nationwide.

Read More »

Swiss hail ‘cordial’ talks with Biden

2021-06-16

by

2021-06-16

Swiss President Guy Parmelin has underlined the importance of bilateral relations after a “cordial” meeting with US President Joe Biden. Parmelin also called Wednesday’s US-Russia meeting a “sign of hope”. Biden arrived in Geneva on Tuesday afternoon, ahead of the summit with Russia's Vladimir Putin.

Read More »

Inflation risk takes center stage – Part II of II

2021-05-31

by

2021-05-31

A lot of people might be aware of historical cases of hyperinflation, like that of Hungary and the Weimar Republic, or even contemporary ones, like that of Venezuela. And yet, these are taught or reported like extreme cases, very far removed from the daily experience of most modern Western citizens.

Read More »

Swiss prepare for EU chill after quitting market access talks

2021-05-29

by

2021-05-29

In Brussels there was shock and anger. In Switzerland, quiet celebration and relief — but, for some, doubts about what exactly comes next. On Wednesday, Bern announced it was formally withdrawing from negotiations to codify future relations with the EU into a single overarching “framework agreement” — a back-and-forth exchange that has dominated an increasingly fraught relationship with Brussels since 2014.

Read More »

Inflation risk takes center stage – Part I of II

2021-05-27

by

2021-05-27

Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on the rise, both in the US and in Europe. Central bankers on both sides of the Atlantic have been doing their best to assuage these concerns, promising that they have everything under control and that the situation will without a doubt normalize soon.

Read More »

Switzerland fears impact of minimum corporate tax rate

2021-04-27

by

2021-04-27

Switzerland may have to find alternative ways to welcome foreign companies to Switzerland. Keystone / Peter Klaunzer This content was published on April 27, 2021 - 09:00 April 27, 2021 - 09:00 Matthew Allen When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch's business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz. ...

Read More »

Swiss public institutions hit hard by white-collar crime

2021-04-17

by

2021-04-17

Swiss courts dealt with 52 major cases of economic crime last year that amounted to CHF355 million ($384 million) in losses, the consultancy firm KPMG said on Thursday. Public institutions were especially targeted by fraudsters.

Read More »