Tag Archives: 3) Swiss Markets and News

[embedded content] Production has been stepped up at a company in eastern Switzerland that makes breathing machines, as health services struggle to help a growing number of coronavirus patients. Switzerland is one of the countries most affected by the virus, with more than 17,800 positive tests and more than 488 deaths. There are 82 intensive care units, which have a total of 950-1,000 beds; around 850 of these are equipped with respirators. The army has around 100...

With less surgeries taking place, some doctors and healthcare professionals don’t have enough work. (© Keystone / Gaetan Bally) With the ban on non-emergency surgeries and other procedures, some hospitals and medical practices are applying for partial unemployment support for at least 20,000 healthcare workers. On Thursday, the German language paper TagesAnzeigeexternal linkr reported that due to the social distancing restrictions and ban on non-urgent medical...

Swiss commodity traders are hard at work so that people can continue to buy basic goods.  (Keystone) The strategic importance of commodities and experience in handling fluctuations has helped commodity firms weather the coronavirus storm better than most. swissinfo.ch caught up with Florence Schurch, general secretary of The Swiss Trading and Shipping Association (STSA), to find out how the commodities sector is handling the crisis and what it means for Switzerland....

© Erfphotog | Dreamstime.com Tourism is one of the sectors hardest hit by the coronavirus and the response to it. Figures from a study by HES-SO Valais published by the newspaper Blick suggest the industry will see revenues in Switzerland drop 18%, or CHF 6.4 billion, in 2020. The hotel sector alone, which generates around CHF 10 billion annually, could lose CHF 2 billion if the shutdown lasts until the end of May, according to the forecast. The cancelation of events...

[embedded content] While most businesses have temporarily shut down, others are starting up or finding new ways to reach the public in their homes. Some Swiss farm shops, like Thierry Miauton’sexternal link in Oleyres, canton Fribourg, are delivering local produce to people’s doorsteps, so the clients don’t have to risk possible contact with virus-contaminated shoppers in supermarkets. The well-stocked farm shop can hardly keep up with demand and has taken on...

Numerous EasyJet planes have been parked on the tarmac at Geneva Airport as a result of the the coronavirus pandemic. Around 40% of the airport’s traffic comes via Easyjet. (Keystone / Salvatore Di Nolfi) Airlines around the world are battling to survive the coronavirus pandemic. After grounding its fleet of planes on Monday, EasyJet Switzerland has confirmed that it is hoping to receive Swiss state aid. EasyJet said on Monday that it had grounded its fleet of 344...

© Katarzyna Bialasiewicz | Dreamstime.com While there is currently no scientifically proven link between anosmia (loss of smell) and Covid-19, more and more experts are saying the symptom is a strong indicator. Gilbert Greub, head of the microbiology department at the CHUV hospital in Lausanne, is one such expert. “Given the widespread Covid-19 epidemic, I think that everyone who has a problem tasting or a problem smelling has a very high likelihood of testing...

© Sudok1 | Dreamstime.com By 31 March 2020, there were around 326 Covid-19 patients in intensive care and 228 on ventilators in Switzerland. It is estimated that there are around 750 ventilators across the country. If the health system reaches overload, medical professionals in Switzerland might be forced to make the kinds of difficult decisions being made in neighbouring France and Italy. According to RTS, some patients have been transferred to Switzerland from...

The Covoid-19 epidemic has an impact on Switzerland’s real estate market.  (Keystone/Ennio Leanza) The Covid-19 crisis could spell an end to the previously rosy situation for Switzerland’s real estate investors. Investors in residential property look back on a successful 2019 both in terms of value increase and of returns. Forecasts for the current year were optimistic until recently, for both property owners and renters. The Swiss National Bank’s negative interest...

High street shops have been closed and some production facilities have been ordered to shut down. (© Keystone / Gaetan Bally) A third of a CHF20 billion ($21 billion) fund offering state guaranteed loans to small and medium sized Swiss companies has been used up just four days after being introduced. The loan facility has already promised CHF6.6 billion in funding of up to CHF500,000 to nearly 32,000 firms – an average of CHF207,000 per company. The speed at which...