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Hero jams will soon be produced abroad Keystone Listen to the article Listening the article Toggle language selector...
Read More »Strong Swiss franc forces Hero jam production to Spain
Inheritance tax idea has low public support, survey finds
Members of the Swiss Young Socialists party (JUSO) handing in the signatures for their initiative in Bern, February 8, 2024. Keystone Listen to the article Listening the article...
Read More »How ‘nearshoring’ is driving Swiss companies to move to Mexico
Mexico is an ideal location both geographically and economically. New registrations from Swiss companies are currently the order of the day. Credit: Matt Gush / Alamy Stock Photo Listen to the article Listening the article...
Read More »Explainer: how stock market plunges impact Switzerland
Could stock market jitters be a symptom of deeper problems? Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »Swiss rider Steve Guerdat wins silver in Paris
Only one trio out of 30 finalists completed the course—a testament to the challenging task that demanded the utmost from horse and rider, overtaxing some of the duos. Copyright 2024 The Associated Press. All Rights Reserved Listen to the article...
Read More »Swiss prosecutor hits Glencore with multi-million franc fine
More Swiss breast cancer screening quality varies across cantons This content was published on Aug 6, 2024 The quality of breast cancer screening programmes in Switzerland varies from canton to canton. However,...
Read More »UBS questioned by US Senator over $350 million tax evasion case
UBS took over former rival Credit Suisse after the collapse of the latter in March 2023. Keystone / Jean-Christophe Bott UBS Group AG was asked by a powerful US lawmaker about whether the bank it acquired, Credit Suisse Group AG, failed to report an American accused of evading taxes on $350 million (CHF307 million) in income. Senator Ron Wyden, chairman of the Senate Finance Committee, asked in a letter whether Credit Suisse told US tax authorities about...
Read More »US and Switzerland to exchange data to track tax dodgers
Switzerland currently provides information on financial accounts to the US but does not receive any data from across the Atlantic. Keystone / Martin Ruetschi The two countries plan to exchange financial data from 2027 to help both sides track down tax evaders. A corresponding new agreement was signed in Bern on Thursday, Switzerland’s finance ministry announced, although Swiss law will have to be amended before the change can be implemented. Switzerland currently...
Read More »Migros moves ahead with downsizing plans
Keystone / Michael Buholzer Migros is slimming down further. A buyer has been found for Melectronics, the Group announced on Tuesday. The retailer also intends to divest further subsidiaries. This will result in additional redundancies. This content was published on June 18, 2024 – 15:57 As is well known, the retail group Migros wants to free itself from its complicated structures and become leaner. Migros has now found a buyer for Melectronics: It is...
Read More »‘Financial equalisation’ between Swiss cantons to increase in 2025
Low-tax and wealthy Zug is invariably a net contributor to the Swiss financial equalistion system. Keystone / Urs Flueeler Redistribution payments between regions will rise by 4.8% to CHF6.2 billion ($6.91 billion) in 2025, the Federal Finance Administration (FFA) said on Tuesday. According to provisional calculations, annual compensation payments to cantons with low resource potential – the main component of the equalisation scheme – will climb by CHF331 million...
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