Tag Archives: 3) Swiss Markets and News

read aloud pause X This year's potato harvest has been disappointing with growers expecting a drop of around a third compared with recent years. Share Facebook Twitter E-mail Print Copy link Yields are still difficult to estimate at the moment. The final figures will not be known until early December, Ruedi Fischer, President of the Swiss Potato Growers' Association (USPPT), told press agency Keystone-SDA.+ Switzerland forced to import...

read aloud pause X The European bison, a species that differs slightly from its north American cousin, died out in Europe. Now it is to be reintroduced in Switzerland. Can a densely populated country tolerate such a large wild animal? Christian Raaflaub Radio, TV and online journalist.  More from this author | German Department Share Facebook Twitter E-mail Print Copy link Otto Holzgang, a biologist, stretches one arm out and...

With the ever rising cost of of Swiss healthcare, the government has been hunting for savings. This week it announced that it has ordered price cuts on 350 medicines from 1 December 2023, reported RTS. © Francisco Javier Zea Lara | Dreamstime.comOn average the drugs on the list will cost 10% less and deliver an overall expected saving of CHF 120 million a year. This comes out at around CHF 14 per resident, not a particularly significant sum when set against an...

Every year, investigativ.ch, an association of investigative journalists, bestows an award on the public figure it deems to have exercised the lowest levels of transparency during the year. This year the award went to Karin Keller-Sutter, Switzerland’s minister of finance, for the secret decision making process surrounding the fire sale of the bank Credit Suisse to UBS, another Swiss bank. The arrangement was backstopped by the federal government, and ultimately...

Consumer prices increased by 0.1% in October 2023, reported Switzerland’s Federal Statistical Office (FSO) this week. Rising prices in October represent a reversal of the 0.1% fall in September 2023. Photo by Kampus Production on Pexels.comOctober’s rise in inflation kept the annual rate of inflation at 1.7%, 0.3 percentage points below the Swiss National Bank’s (SNB) preferred maximum of 2% – the SNB equates price stability with a rise in the Swiss consumer...

read aloud pause X Credit Suisse on Friday won a lawsuit at London’s High Court over the sale of $100 million (CHF90.47 million) of notes linked to residential mortgage-backed securities. Share Facebook Twitter E-mail Print Copy link Loreley Financing, a special purpose vehicle set up by German bank IKB, sued Credit Suisse over its 2007 purchase of the notes as part of a collateralised debt obligation transaction.The Jersey-registered...

read aloud pause X Swiss authorities and lenders, including UBS, are discussing new measures to prevent bank runs after Credit Suisse’s last-ditch rescue earlier this year, four sources familiar with the matter told Reuters. Share Facebook Twitter E-mail Print Copy link The talks, which have not been previously reported and are part of a broader review of the country’s banking rules, are intended for the top Swiss banks and could target...

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.   Share Facebook Twitter E-mail Print Copy link UBS contends that...

Last weekend, the PLR/FDP unveiled a plan to create a budget low cost health insurance option in Switzerland, reported RTS. Photo by Anna Shvets on Pexels.comThe proposal, which includes lower cost ways of delivering healthcare, will be presented to parliament next month. Examples of ways to lower costs include limiting the choice of hospital and sharing hospital rooms with more patients or in less luxurious surroundings. The plan is a response to rising health...

This week, the Swiss Federal Office of Energy (SFOE) published its predictions and ambitions for electric transport infrastructure. Photo by Gustavo Fring on Pexels.comBy 2035, SFOE expects more than half of all passenger cars in Switzerland to be electric. This means the country has around 12 years to complete its charging infrastructure, it said. The SFOE study estimates there will be 2.8 million plug-in vehicles on Swiss roads by 2035, and by 2050 they should be...