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Home / Tag Archives: 3.) Swiss Business and Economy

Tag Archives: 3.) Swiss Business and Economy

How Vaccine Technology, Choice and Supply Work in Switzerland

A nurse administers the Pfizer-BioNTech Covid-19 vaccine on the opening day of the new vaccination centre at the Lausanne University Hospital (CHUV) on January 11, 2021. Keystone / Laurent Gillieron The Swiss Covid-19 vaccination campaign is up and running with two approved vaccines available to accelerate the fight against the virus, and others set to follow. How do the vaccine technologies work and compare, and can people choose which one they get? So far, there...

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Swiss Corporate Merger Activity Dampened by Covid

M&A activity for the year as a whole was most intense in the TMT (technology, media and telecommunications) sector Keystone / Obs/caritas Schweiz / Caritas Su - Click to enlarge The coronavirus pandemic left its mark on mergers and acquisitions (M&A) in Switzerland last year. The volume of transactions halved, and the number of deals was also down. Overall, the number of transactions with Swiss participation fell from 402 to 363. At $63.1 billion (CHF56...

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Why does Davos Man get it so wrong?

Looking for answers at the World Economic Forum in Davos in 2018. Keystone / Laurent Gillieron The World Economic Forum should put global leaders in the audience to listen to social workers, virologists and reporters, argues Simon Kuper. We don’t know yet what will happen in 2021, because the World Economic Forum’s meeting in Davos has been called off. Normally at this time of year, political and business leaders gather in the Swiss ski resort to reveal the future....

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Top Swiss banker Collardi reprimanded by financial watchdog

Boris Collardi accepts the rebuke Keystone / Steffen Schmidt Former Julius Bär CEO Boris Collardi has had his knuckles rapped by the Swiss Financial Market Supervisory Authority (FINMA) following an investigation into money laundering. Collardi, who is now a partner at Geneva-based bank Pictet, says he has accepted the reprimand, which is related to the FINMA investigation into alleged corruption, particularly in connection with the Venezuelan state oil company...

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Swiss multinationals draw blurry political lines in the sand

Our analysis of what the biggest global companies in Switzerland are up to. This week: corporate funding in politics, diamond billionaire on trial and high hopes for the economy. The siege at the US Capitol has caused Swiss companies to think twice about their associations with political parties in the US. But it isn’t the only place where Swiss companies are being dragged into politics and forced to choose between values and their bottom line. Earlier this week,...

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Swiss probing corruption linked to Lebanon central bank

The meltdown has crashed the currency, prompted a sovereign default and doomed at least half the population to poverty, prompting protests. Keystone / Wael Hamzeh The Swiss attorney general’s office has requested legal assistance from Lebanon in the context of a probe into “aggravated money laundering” and possible embezzlement tied to the Lebanese central bank, Reuters reports from Beirut. The probe is looking at money transfers by Lebanon’s Central Bank Governor...

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WEF warns of ‘increasing disparities’ due to Covid-19 pandemic

Students use cell phones to carry out online learning amid the Covid-19 pandemic in Banda Aceh, Indonesia, October 20, 2020. Keystone / Hotli Simanjuntak Infectious diseases, extreme weather events and cybersecurity problems pose key threats to society in the next two years, the World Economic Forum (WEF) warns. The Covid-19 pandemic looks set to have a lasting impact in the next ten years. “In 2020 we saw the effects of ignoring preparation and ignoring long-term...

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UBS to close a sixth of its Swiss branches

Probably not on the chopping list: UBS headquarters in Zurich. © Keystone / Gaetan Bally The closures will affect 44 of the bank’s 239 branches in the country, mainly smaller ones, UBS confirmed on Tuesday. The bank plans to continue beefing up its online offers. The announcement, which had been rumoured for a few months already, was confirmedExternal link by UBS Switzerland director Axel Lehmann to the Neue Zürcher Zeitung newspaper on Tuesday. Lehmann said the...

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Covid-hit restaurants call for ‘compensation now’

Swiss restaurants are experiencing a second, and in some cases third shutdown in a year owing to the pandemic. Keystone / Urs Flueeler Half of all hotel and restaurant businesses in Switzerland will go bankrupt by the end of March if they do not receive immediate financial compensation for the effects of coronavirus restrictions, warns the sector’s umbrella organisation. Based on a survey of more than 4,000 of its members, GastroSuisse says 98% of its members need...

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Switzerland hit by widespread malware campaign

The aim of such attacks is usually to force organisations to cease operations or to extort ransom money Keystone / Sascha Steinbach Several security bodies in Switzerland have been targeted by emails that appear to come from official organisations such as banks or the police and contain a password for a zip file. When this file is opened, the computer becomes infected with a trojan called Emotet. The Bern cantonal police force is one institution that has been...

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