Tag Archive: Latest news

India eyes $100bn investment deal with Switzerland and Norway

2024-02-07

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2024-02-07

India is close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion (CHF87 billion) over 15 years in exchange for easier trade access to the world’s most populous nation, according to people with knowledge of the matter.

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Swiss banker pleads guilty to tax offences in the US

2023-12-22

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2023-12-22

A Swiss banker has pleaded guilty to tax offences in the United States. Between 2008 and 2014, he allegedly helped wealthy US clients hide their assets from the US authorities in accounts at Zurich-based Ihag Privatbank.

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Politicians want 75% of Swiss CO2 emissions to be cut at home

2023-12-20

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2023-12-20

Switzerland must reduce at least three-quarters of its carbon emissions in the Alpine country, the House of Representatives agreed on Wednesday.

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Swiss government data affected by cyber-attack on Basel firm

2023-11-14

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2023-11-14

The software company Concevis has been the victim of a cyber attack. Once again, federal government data is involved. The cybercriminals are threatening to publish the data on the darknet.

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Glencore buys Teck’s coal assets in billion dollar deal

2023-11-14

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2023-11-14

Commodities giant Glencore is taking control of Canadian Teck's steelmaking coal business.

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Zurich Airport hits pre-pandemic traffic level in October

2023-11-14

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2023-11-14

For the first time, the same number of passengers flew through Zurich Airport in October as before the coronavirus pandemic. The number of passengers rose significantly compared to the same month last year.

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Swiss Post readies for holiday rush amid slight parcel dip

2023-11-14

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2023-11-14

Black Friday, Cyber Monday and then Christmas shopping: many people in Switzerland will go on a shopping spree at the end of the year. However, Swiss Post is expecting a slightly lower flood of parcels this year than in 2022.

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Swiss government wants to lower licence fee to CHF300

2023-11-08

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2023-11-08

The government wants to reduce the annual radio and television licence fee from the current CHF335 ($372) to CHF300 by 2029. The turnover threshold for companies to qualify for exemption has been raised from CHF500,000 to CHF1.2 million.

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UBS clash at Supreme Court tests whistleblower suit rules

2023-10-11

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2023-10-11

The US Supreme Court considered reinstating a $900,000 (CHF810,000) jury verdict won by a fired UBS Group research strategist in a case that could make it easier for whistleblowers to win suits claiming retaliation under a federal investor-protection law.

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Hefty fines against Swiss pharma giants lifted

2023-02-17

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2023-02-17

An appeals court in France has overturned a record fine imposed by the French competition authority against the Swiss pharmaceutical companies Novartis and Roche.

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Glencore sees earnings reach new highs in 2022

2023-02-16

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2023-02-16

Profits at Swiss mining and trading group Glencore last year were boosted by the explosion in commodity prices. Thanks to a more than threefold increase in net profit, the Zug-based giant wants to double its shareholders’ remuneration, in particular through a share buyback.

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Swiss government plans to strengthen ties with Asia-Pacific region

2023-02-15

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2023-02-15

The Swiss government has for the first time adopted a regional strategy for the Asia-Pacific region for the period 2023-2026. The move takes into account the growing importance of the southeast Asia region and complements the government's China strategy, according to a government statement published on Wednesday.

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Swiss pharma industry wants to reduce dependence on Asia

2023-02-14

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2023-02-14

The Swiss pharmaceutical industry should be less dependent on active ingredients from Asia, says the president of the industry umbrella organisation, pharmaSuisse. Martine Ruggli has called for new drug companies to be built in Europe.

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Shortage of workers cited as top obstacle to Swiss economy

2023-02-13

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2023-02-13

The president of the Swiss Employers' Association wants to increase the potential workforce in Switzerland by 300,000 people. To achieve this, women, young people, the elderly and refugees must be integrated into the labour market or be given more work, said Valentin Vogt on Swiss public radio SRF on Saturday.

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Russian supermarket shelves are full of Nestlé products like Nescafé: report

2023-02-06

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2023-02-06

In response to Russia’s war on Ukraine, the Swiss multinational Nestlé announced that it would reduce its range of product in Russia to “essential” goods such as baby milk. But supermarket shelves in Moscow paint a different picture, according to the NZZ.

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Swisscom revises policy to boost privacy of customers

2023-02-06

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2023-02-06

Switzerland's largest telecommunications operator, Swisscom, is changing its approach to data disclosure in order better protect its customers. The operator reserves the right, after examination, to "seal" the electronic correspondence (e-mails) of its customers until a court has decided otherwise, the NZZ am Sonntag newspaper reported.

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Study: solar panels only pay off in half of Swiss cities

2023-02-03

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2023-02-03

Solar panel installations are only profitable in half of Swiss cities according to a new study. This could create hurdles for the expansion of solar energy in the country.

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Ranking: Swiss public sector shows corruption and lobbying vulnerability

2023-01-31

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2023-01-31

Switzerland ranked seventh for a second year in a row in Transparency International’s Corruption Perception Index, but its overall score marks a historic low for the country. Nepotism and opaque political lobbying stand out among the Swiss public sector’s trouble spots, according to the international NGO’s Swiss chapter.

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Swiss businesses prepare for escalation with China

2023-01-30

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2023-01-30

Swiss small and medium-sized businesses (SMEs) geared to the Asian market are relocating their production to Vietnam, Thailand or India. With such a second location, companies can prepare for a possible escalation in China, according to a top export promoter. “We’re seeing a trend: ‘China+1’,” said Simone Wyss Fedele, head of export promotion organisation Switzerland Global Enterprise (S-GE), in an interview with the Schweiz am...

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Covid: 140 million masks set to expire this year

2023-01-30

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2023-01-30

The Swiss government is sitting on a mountain of hygiene masks, bought for the Covid-19 pandemic, and is now desperately looking for alternative uses so they don’t have to be destroyed, according to the SonntagsZeitung.

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