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.
Court increases fines against Swiss art collector
2022-11-03
A court in Zurich has rejected an appeal by the renowned Swiss art collector and financier Urs Schwarzenbach in two cases of tax evasion in connection with the import of works of art.
The energy crisis is about to make your Swiss ski holiday more expensive
2022-10-31
Swiss hotels and holiday apartments are raising their prices by around 5% this winter, largely due to higher energy prices. Ski passes are also likely to go up by a similar amount, a newspaper reports.
Swiss pandemic costs lower than feared
2022-10-29
The coronavirus pandemic will have a lighter impact on Swiss state finances than previously feared but will still put the country’s budget in the red, the finance ministry forecasts.
E-cigarette tax mooted in Switzerland
2022-10-27
The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes.
Credit Suisse to settle tax probe in France
2022-10-26
Credit Suisse Group and the French financial prosecution office have agreed to settle a tax fraud and money laundering case in France with a €238 million (CH234 million) payment to the state, a French court heard on Monday.
Swiss companies and towns join forces to save energy
2022-10-23
Switzerland has launched an Energy Saving Alliance of companies, government, cantons, civil society and municipalities in an effort to preserve gas and electricity supplies over the winter.
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