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Home / Tag Archives: 3) Swiss Markets and News (page 2)

Tag Archives: 3) Swiss Markets and News

Swiss budget agreed with humanitarian spending cut

read aloud pause X Switzerland’s parliament has finalised the 2024 budget after agreeing to a CHF10 million cut on humanitarian funding. Share Facebook Twitter E-mail Print Copy link On Thursday, the House of Representatives and the Senate chambers cleared up the last budget disagreements. The last sticking point was whether to retain or cut Swiss funding for the UN Agency for Palestinian Refugees (UNRWA).+ Budget: extraordinary spending...

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Politicians want 75% of Swiss CO2 emissions to be cut at home

Switzerland must reduce at least three-quarters of its carbon emissions in the Alpine country, the House of Representatives agreed on Wednesday. Share Facebook Twitter E-mail Print Copy link The objective of a 75% reduction of carbon emissions already appears in the current CO2 law, with the remaining percentage to be reduced abroad. But the Swiss government had not formulated a figure in its proposal for the revised CO2 law for 2025-2030. “There will be the...

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Swiss government data affected by cyber-attack on Basel firm

The software company Concevis has been the victim of a cyber attack. Once again, federal government data is involved. The cybercriminals are threatening to publish the data on the darknet.   Share Facebook Twitter E-mail Print Copy link According to available information, the stolen data probably contains old operational data from the Federal Administration. In-depth analyses are still underway, writes the Federal Department of Finance in a statement on...

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Glencore buys Teck’s coal assets in billion dollar deal

Commodities giant Glencore is taking control of Canadian Teck’s steelmaking coal business. Share Facebook Twitter E-mail Print Copy link The Zug-based group will pay $6.93 billion (CHF6.2 billion) in cash to buy a 77% stake in the Elk Valley Resources (EVR) division. EVR produced 21.5 million tonnes of steelmaking coal and posted pre-tax profits of C$6.0 billion in 2022, Glencore detailed in a press release on Tuesday. The transaction is not expected to result...

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Zurich Airport hits pre-pandemic traffic level in October

For the first time, the same number of passengers flew through Zurich Airport in October as before the coronavirus pandemic. The number of passengers rose significantly compared to the same month last year. Share Facebook Twitter E-mail Print Copy link A total of 2.87 million passengers traveled through Zurich Airport in October. This is 19 percent more than in the same period last year. For the first time, traffic volumes have thus returned to pre-corona...

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Swiss Post readies for holiday rush amid slight parcel dip

Black Friday, Cyber Monday and then Christmas shopping: many people in Switzerland will go on a shopping spree at the end of the year. However, Swiss Post is expecting a slightly lower flood of parcels this year than in 2022. Share Facebook Twitter E-mail Print Copy link The “parcel peak season” is just around the corner for Swiss Post employees. Last year, Swiss Post sent 22 million parcels across the country between Black Friday and Christmas. This year,...

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Swiss rental prices for apartments continue to rise

In Switzerland, rents for apartments on the market continued to rise in October. However, there were clear differences in the individual cantons. Share Facebook Twitter E-mail Print Copy link Across Switzerland, rents for new and re-rentable apartments – the so-called asking rents – rose by 0.4% in October compared to the previous month, according to the Homegate rent index published on Monday. The index advanced by 0.5 points to 123.8 points. On an annual...

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Swiss banks spend more on online advertising but lag in AI

read aloud pause X Retail banks have increased investment in digital marketing by 16% in a bid to attract younger clients.  Share Facebook Twitter E-mail Print Copy link In 2023, budgeted sums in this segment will total CHF 47.6 million ($52.8 million), up 16% on last year, according to an estimate by Colombus Consulting in its study on the digitalisation of the customer experience, published on Thursday.UBS, Postfinance and Raiffeisen...

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Swiss government wants to lower licence fee to CHF300

read aloud pause X The government wants to reduce the annual radio and television licence fee from the current CHF335 ($372) to CHF300 by 2029. The turnover threshold for companies to qualify for exemption has been raised from CHF500,000 to CHF1.2 million. Share Facebook Twitter E-mail Print Copy link On Wednesday the government put out for consultation an amendment to the relevant ordinance. In a press release, the government explains...

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Switzerland scraps electric car tax exemption

Anyone who owns an electric car in Switzerland will have to pay automobile tax from January 1. Share Facebook Twitter E-mail Print Copy link The Federal Council decided on Wednesday to repeal this tax exemption for electric cars, which has been in effect since 1997. The state government decided to make a corresponding change to the automobile tax ordinance on Wednesday, as it announced on Wednesday. The authorities justify the change in three ways: Firstly, it...

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