Friday , March 29 2024
Home / Tag Archives: 3) Swiss Markets and News (page 109)

Tag Archives: 3) Swiss Markets and News

Should rail commuter data be monetised through advertising?

Federal Railways has the personal data of some 3.7 million commuters. (SRF-SWI) Swiss Federal Railways is coming under fire for using the personal data of commuters for advertising purposes. The data commissioner and a watchdog group have sounded the alarm bell as the volume of data being harnessed grows. Thanks to the increasing digitisation of its services, the Federal Railways now has customer names, addresses, age, sex, telephone numbers, photos, details of trips...

Read More »

Unions say anti-EU initiative is bad for workers

Unions are worried the vote would weaken protection for workers in Switzerland. (Keystone / Peter Klaunzer) Trade unions have come out against the initiative to scrap the freedom of movement agreement with the European Union, saying a “yes” vote would be “an attack on all workers”. Accepting the right-wing proposal would lead to a situation whereby “collective agreements and wage checks would be replaced by an unfettered competition of all against all,” Swiss Trade...

Read More »

Swiss Post stops accepting parcels and letters to China

© Wimseyed | Dreamstime.com Swiss Post has said it will no longer accept packages addressed to China, according to Tribune de Genève. Because of the covid-19 virus, airlines have stopped or drastically reduced flights to China. This fall in air traffic has reduced postal service capacity to China by two thirds. Mail can still be sent if it is marked urgent, however delivery times cannot be guaranteed. Denmark, Georgia, Greece, Romania, Serbia, Singapore, Spain and...

Read More »

Swiss digital stock exchange offers partners ownership stake

The SDX platform promises to drastically reduce the time it takes to trade assets. (Keystone / Walter Bieri) The Swiss stock exchange is offering strategic partners a stake of up to 30% in its new digital assets trading platform. The SDX digital exchange hopes to launch by the end of this year, trading digital shares, bonds and other assets on a distributed ledger technology (DLT) platform. Project leader Thomas Zeeb told swissinfo.ch that SIX Group, which runs the...

Read More »

Ermotti’s UBS record: solid but not all plain sailing

Sergio Ermotti leaves UBS in November after nine years at the helm of the bank. (Keystone / Christian Beutler) Sergio Ermotti arrived at UBS in 2011 during a dark chapter in the history of Switzerland’s largest bank. He will depart in November, nine years later, with a reputation for injecting greater stability but not for stamping out controversy. Ironically, UBS arguably faces some greater challenges than cross-town rival Credit Suisse, where earlier this month...

Read More »

The labels that show how much more international retailers charge Swiss

To simplify labelling, many international retailers put recommended retail prices (RRP) for multiple nations on the same label, like the one below. The Swiss retail price premium laid bare. Labels such as these show how much more Swiss customers are being charged compared to customers in other countries. The label above, from an item of clothing sold in Switzerland, shows how much more Swiss customers are charged. The RRP for Switzerland is the highest. The Swiss...

Read More »

New Swiss aid budget proposes more funds but for fewer countries

. The Swiss government wants to set aside CHF11.25 billion ($11.43 billion) in development aid for the 2021-2024 period. The governing Federal Council adopted its Strategy for International Cooperation on Wednesday after opening it up for public consultation. It will still have to be approved by parliament. The amount proposed is CHF140 million more than the current aid budget and will cost Swiss taxpayers less than one Swiss franc (CHF0.80) per inhabitant per day....

Read More »

Tax on legal weed repealed

(KEYSTONE/GAETAN BALLY) The Swiss Federal Court has ruled that cannabis – the legal, low-THC version – should not be subject to the tobacco tax. Responding to the complaints of three cannabis production companies, the court found that there was no legal basis for a 25% tobacco tax on the sales price of cannabis. The tax will be dropped immediately. In Switzerland, cannabis with a tetrahydrocannabinol (THC) content of less than 1% is legal. It is sold as oil, tea or...

Read More »

Car emissions rising due to imported guzzlers, says report 

Car sales are still rising in Switzerland.  (Keystone) New cars imported into Switzerland have not been respecting the prescribed norms on CO2 emissions, with emission levels actually rising in 2017 and 2018, says a report published on Tuesday. Nearly half of importers failed to meet compulsory targets in 2018, according to the Federal Office of the Environment’s report for parliament. Total sanctions ordered against them came to CHF31.7 million ($32.3 million) in...

Read More »

Portugal set to end tax holidays for foreign residents

[caption id="attachment_414651" align="alignleft" width="400"] © Tomas1111 | Dreamstime.com[/caption] Recently, the government of Portugal said it was looking at introducing a tax on foreigners residing in the country on special tax holidays, according to the magazine Bilan. Currently, foreigners moving to Portugal who spend at least 180 days a year in the country pay no income tax for a period of 10 years under a scheme that was launched 11...

Read More »