Tag Archives: 3) Swiss Markets and News

Resistance to vaccinations is significant in Switzerland. A survey done in November 2020 suggests only 16% of the population would get vaccinated immediately if there was an approved Covid-19 vaccine, reported 20 Minutes. More than a quarter (28%) of those surveyed said they would refuse, leaving a majority who said they would decide at some point in the future. Switzerland’s government has made it clear that Covid-19 vaccines will not be compulsory. However,...

© Mcxas | Dreamstime.com This week, Switzerland’s federal government decided to increase aid money to Covid hit businesses to CHF 1 billion. Before this announcement, Bern had already committed to providing CHF 400 million to struggling businesses. Funding for the first CHF 400 million is split 50-50 between cantonal and federal tax payers. The additional CHF 600 million will be funded 80% out of the federal tax pot and 20% out of cantonal tax revenues. This means in...

© Artmim | Dreamstime.com The coronavirus pandemic and its consequences rank at the top of the list of Swiss concerns in 2020, according to a recent survey. This is the first time in the history of the Crédit Suisse Worry Barometer that a new issue has topped the list of people’s worries. Following in second and third place on the worry list were the state retirement provision and the issue of unemployment. A sample of Swiss citizens were asked to list their top five...

The man worked as an expert inspector at Mühleberg nuclear power plant in 2010 Keystone The Federal Court has dismissed the appeal of a former employee of two Swiss nuclear power plants who was diagnosed with bladder and prostate cancer. The man took legal action after the national accident insurance fund refused benefits for an occupational illness. The now 52-year-old man worked at the Leibstadt nuclear power plant in 2003 and 2004. In 2010 he worked as an expert...

Deaths because of and with Covid19 Over the last 48 hours, Switzerland’s Federal Office of Public Health (FOPH) reported a further 227 deaths among laboratory-confirmed Covid-19 cases, bringing the death toll to 1,654 since summer and 3,385 since the beginning of the year. Total Covid-19 deaths in Switzerland since the beginning of the pandemic have now reached 3,696 of which 3,385 were laboratory confirmed infections. Hospitalisations The are currently 543 Covid-19...

Few companies know where all of their products originate let alone the conditions for people producing or extracting them. Keystone / Nyein Chan Naing Big multinationals in Switzerland have been nearly unanimous in their rejection of an initiative to make companies more accountable for their actions abroad. What are they afraid of? In a letter released a couple weeks ago, several board members of major Swiss multinationals urged the Swiss to vote against the...

Deaths because of and with Covid19 Over the last 72 hours, Switzerland’s Federal Office of Public Health (FOPH) reported 198 deaths among laboratory-confirmed Covid-19 cases, bringing the death toll to 1,427 since summer and 3,158 since the beginning of the year. Total Covid-19 deaths in Switzerland since the beginning of the pandemic have now reached 3,496 of which 3,158 were laboratory confirmed infections. Hospitalisations At 4,000, the number of hospitalised...

Thiam radically reshaped Credit Suisse Keystone Tidjane Thiam, who resigned as CEO of Swiss bank Credit Suisse in February, has been tasked with using his connections to build up the Rwandan capital Kigali as an international business location, according to Swiss business newspaper Handelszeitung. Ivory Coast-born Thiam, who also holds French citizenship, has been named president of Rwanda Finance Limited, a government company that is to set up the Kigali...

Just 16% of Swiss would immediately get vaccinated against coronavirus, according to a recent survey Keystone Faced with considerable public scepticism towards a Covid-19 vaccine, the Federal Office of Public Health is preparing an information campaign about vaccinations. However, the country’s top hospital hygienist thinks offering incentives is a better way to make people get a jab. Just 16% of Swiss would immediately get vaccinated against coronavirus, according...

A proposal to make Swiss-based multinationals accountable for their business practices abroad is tabled for a nationwide vote on November 29. An initiative aimed at restricting investments in the arms industry is the second issue on the ballot sheet. The political left is trying to push through amendments to the Swiss constitution to impose sustainable standards on Swiss companies and institutions, which has triggered opposition from the political right and the...