Swiss medicine sales to Russia hit 30-year high
2023-01-25
Swiss exports of pharmaceuticals to Russia, which are not subject to sanctions, reached a 30-year record last year, buoyed by high prices. Roche, Novartis and the other Swiss pharma companies brought in CHF2.1 billion ($2.3 billion) from the export of pharmaceuticals to Russia in 2022.
Inflation, extreme weather and wars identified as top global risks
2023-01-12
Global stability is most threatened by rising food and energy costs, climate-related disasters and the risk of further military conflict, according to 1,200 experts canvassed by the World Economic Forum (WEF).
From cocoa bean to chocolate: the process explained
2023-01-10
The chocolate supply chain features many intermediaries from bean to bar. Those doing the hardest jobs at the bottom of the chain get a tiny portion of a bar’s price while those at the top make the most money.
Today, Ivory Coast and Ghana produce over 60% of the world’s cocoa beans and Switzerland has become synonymous with chocolate. This mutually beneficial relationship has come under strain in recent years. The West African countries are no longer satisfied with their meagre slice of $6 billion of the $120 billion chocolate industry. Switzerland, along with the European Union and the US, is unhappy about deforestation and child labour in cocoa growing regions of West Africa.
West Africa wants to change the status quo and is trying to renegotiate its role in the chocolate industry.
Switzerland in 2023: New year, new laws
2023-01-01
From getting a drone licence to paying for Covid tests, here’s a selection of ten legal tweaks that came into force in Switzerland on January 1. AIRLINES: Passengers can claim more compensation for delayed or lost luggage – up to around CHF1,640 ($1,770). Previously it was CHF1,520. The tedious paperwork hasn’t changed, however.
Companies invest more money in R&D in Switzerland
2022-12-20
Firms invested CHF16.8 billion ($18 billion) in research and development (R&D) activities in Switzerland last year, a 4% increase compared to 2019.
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