Thursday , March 28 2024
Home / Tag Archives: 3) Swiss Markets and News (page 22)

Tag Archives: 3) Swiss Markets and News

Developer invests CH170 million in new Swiss tourist resort

The region offers skiing in winter and mountain hiking in summer. © Keystone / Urs Flueeler The Andermatt Swiss Alps (ASA) company, majority owned by Egyptian financier Samih Sawiris, is to build a new 1,800-bed Alpine resort in the Sedrun region in southeast Switzerland. The complex in an undeveloped area of Dieni village will include 13 buildings, including several hotels, residential buildings, shops, restaurants and leisure facilities, the company said on Friday....

Read More »

Swiss prepare for energy shortage ‘extreme scenarios’

Electricity pylons and power supply lines in central Switzerland (archive picture) Keystone / Alessandro Della Bella The Swiss government and cantons are aiming to be prepared for “extreme scenarios” in the face of possible energy shortages this winter, a top cantonal security official says. For example, a power grid shutdown or blackout would have far-reaching consequences, Fredy Fässler, the president of the Conference of Cantonal Justice and Police Directors, said...

Read More »

Poll finds early support for pension reform and eco-friendly farming

Yes or No: Swiss voters have the final say on several issues as part of the system of direct democracy. (The picture shows a display ballot box) Keystone/Ennio Leanza Despite leading in latest polls, a proposed ban on factory farming in Switzerland has limited chances of success at the ballot box next month, pollsters say. A reform of the old age pension scheme enjoys more solid backing. The slim margin between supporters and opponents of a factory farming ban in...

Read More »

Winter electricity cuts feared, says head of Swiss commission

Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS. Photo by MD Molla on Pexels.com Outages may not occur, but it is necessary to be prepared, he said. During the coming winter, it is estimated that Switzerland...

Read More »

Credit Suisse pursues legal claim against SoftBank in $440m dispute

Credit Suisse is trying to recoup hundreds of millions of dollars on behalf of its wealthiest clients © Keystone / Michael Buholzer Credit Suisse Group applied to the English High Court last week to initiate formal legal proceedings against Japan’s SoftBank Group Corp over a $440 million (CHF414 million) dispute, according to the Financial Times. The claims are related to Credit Suisse’s Greensill-linked supply chain finance funds lent to SoftBank-backed Katerra, a...

Read More »

Solar power plant to be built on Lake Lei dam

Lake Lei is located almost entirely on Italian territory. Only the dam is on Swiss soil. © Keystone / Gian Ehrenzeller A large alpine solar power plant is to be installed on the dam wall of Lake Lei near Ferrera in southeastern Switzerland. The 1,800 square-metre plant is being built by the Zurich Electricity Company. Located at an altitude of 1,930 metres, the plant will comprise more than 1,000 solar units with a total output of 350 kilowatts, equivalent to the...

Read More »

Cassis discusses finance and innovation with UAE minister

Swiss Foreign Minister Ignazio Cassis (right) and UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan arrive for their working lunch on the Brissago Islands in Lake Maggiore © Keystone – Ats / Ti-press Swiss Foreign Minister Ignazio Cassis has met the foreign minister of the United Arab Emirates (UAE), Sheikh Abdullah bin Zayed Al Nahyan, in Ticino, southern Switzerland. The working lunch on the Brissago Islands in Lake Maggiore focused on the economy and finance,...

Read More »

From high street to metaverse: finance embraces ‘bank killer’ technology

The metaverse is the latest technology frontier that banks are just starting to explore. Zuma Press, Inc. / Alamy Stock Photo A bank client attaches her ‘non-fungible token’ personal identity to a digital wallet, containing both traditional money and cryptocurrencies, and accesses decentralised financial investments via the metaverse. Despite the unfamiliar terminology, this is not science fiction. This is a new type of banking that is already active in conservative...

Read More »

Hackers to put latest Swiss e-voting software to the test

E-voting: for opponents unsafe, for supporters a way to boost voter turnout. © Keystone / Jean-christophe Bott The Swiss Post’s e-vote system is opening itself to attacks by ethical hackers in an effort to weed out security flaws. The window for the test runs until September 2, during which time hackers will be able to launch attacks on the source code under realistic conditions, Swiss Post said on Monday. Sample voting cards will be provided to the hackers, who will...

Read More »

Watchdog extends protective measures at Sberbank Switzerland

These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1 © Keystone / Michael Buholzer The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank. These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1, 2022, FINMA said in a...

Read More »