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Tag Archives: 3) Swiss Markets and News

Last authorised protest in Bern ahead of anti-Covid vote takes place peacefully

© Dreamstime.com Last weekend, several thousand protestors assembled outside the Federal Palace in Bern to voice their opposition to Switzerland’s response to the Covid-19 pandemic, reported Tribune de Genève. The protest is likely to be the last one authorised in the city ahead of a vote on 28 November 2021 to reverse laws introduced by the Swiss government to manage the pandemic. According to reports at the scene published in various Swiss newspapers the protest...

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Swiss government deficit for 2021 revised down

© Ginasanders | Dreamstime.com The latest forecast for 2021 shows a deficit of CHF 14.8 billion, down CHF 2.6 billion from an earlier forecast shortfall of CHF 17.4 billion. The deficit is driven mainly by the extraordinary cost of responding to the Covid-19 pandemic. The federal government expects to spend CHF 4.1 billion on vaccines (1.2) and tests (2.5) in 2021. However, the largest share of extra spending is on full and partial unemployment benefits (6.9)....

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Swiss life expectancy drops sharply in 2020

© Simona Pilolla | Dreamstime.com Recently published figures show the largest fall in male life expectancy in Switzerland since 1944 and the largest since 1962 for women. In 2020, a year marked by Covid-19, life expectancy at birth fell to 81.0 for men and 85.1 for women, a decline of 0.9 and 0.5 years respectively compared with 2019. Such a decline had not been observed since 1944 among men and 1962 among women, according to mortality tables calculated by...

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Swiss companies face severe supply chain bottlenecks

Goods are being delayed in container ports in many parts of the world. Keystone / Neil Hall Four out of five firms surveyed by the Swiss Business Federation (economiesuisse) have complained of problems in getting hold of raw materials and essential parts for their goods. The cost of the worsening supply chain conditions is starting to be passed on to consumers. Some companies are looking into putting staff on shortened hours with economiesuisse warning that the...

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Mozambique watchdog wants $2 bln debt relief from ‘guilty’ Credit Suisse

The Swiss bank has been fined over CHF400 million for its role in a corruption scandal in Mozambique. Keystone / Ennio Leanza A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off. “Credit Suisse’s admission of responsibility, failure to comply with the law (…) and involvement of employees in bribery underscores the...

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Switzerland remains top place for expats in 2021

© minnystock | Dreamstime.com Switzerland is the highest rated country in the latest HSBC expat ranking published this week, a position held for the last three years. 91% of the expats surveyed living in Switzerland said their living environment was better than it was before moving. The average on this measure across all expats questioned was 67%. After moving, 86% said they felt safer, another of Switzerland’s strong points among expats. In addition, nearly 9 out of...

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What’s the real problem in our supply chains?

Containers are piling up at ports, ships are waiting to offload cargo and store shelves are sitting empty. Are all the quick fixes enough to fix the real problems in our supply chains? Headlines over the past few weeks about our global supply chain woes are enough to make anyone start stocking up on toilet paper and other essentials (again!). Goods from steel and lumber to toys, bicycles, and semiconductors are all facing delivery delays and higher prices, causing...

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Swiss entities aim to be green pioneers

PostBus is among the new participants in this initiative to reduce energy consumption and make it renewable. The Swiss Broadcasting company SRF has also joined. Keystone / Gian Ehrenzeller Some government departments and 13 other Swiss entities have signed a pact to increase energy efficiency, expand renewable energies and make their investments “climate compatible”. The initiative contributes to implementing Switzerland’s Energy Strategy 2050 and achieving a net...

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Thousands protest against Covid measures in Switzerland

© Sergey Chuyko | Dreamstime.com Over the weekend, several thousand people took to Swiss streets to protest against Switzerland’s measures to reduce the impact of Covid-19, reported RTS. In Lausanne, between 800 and 1,000 people marched in protest against Covid certificates and restrictions on individual liberty. No violence or property damage was reported. In Lugano, calls from an association named friends of the constitution drew around 400 protestors to the...

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Swiss companies told to brace for electricity shortages

An electricity agreement between Switzerland and the European Union has been on hold since 2018. © Keystone / Gaetan Bally The Swiss government has shared its vision for coping with major power outages in a brochure shared with thousands of companies, the weekly NZZ am Sonntag reported on Sunday. In the absence of an electricity agreement with the European Union, such a scenario is likely if large power plants fail in Switzerland or abroad. Swiss companies could be...

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