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Home / Tag Archives: 3.) Swissinfo Business and Economy

Tag Archives: 3.) Swissinfo Business and Economy

Credit Suisse reaches deal with former employee in spying case

The affair exploded in autumn 2019 when it emerged that Credit Suisse had private detectives tail Khan, a former head of wealth management who had left the bank for competitor UBS. © Keystone / Christian Beutler The Swiss bank and its former top manager Iqbal Khan have agreed to end all pending criminal proceedings in a 2019 spying affair that toppled the company’s top brass. Speaking to the Reuters news agency, a spokesperson for Credit Suisse confirmed a report in...

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Google challenges Swiss data cloud contract decision

Tangled in the cloud: a Federal court will now review the contract decision. © Keystone / Gaetan Bally Google has appealed a recent Swiss decision to award a cloud-computing contract to five other digital firms. The tender process has also come under criticism by defenders of data sovereignty. Google’s appeal targets the government’s decision last month to name US companies Amazon, IBM, Microsoft, and Oracle, and Chinese firm Alibaba, as winning candidates to create...

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Honey production collapses in Switzerland

A Zurich apiarist checks her bees in April © Keystone / Gaetan Bally The short spring and wet summer means Swiss bees have produced ten times less honey than usual. As a result the price of honey is set to increase. After last year’s exceptional harvest, 2021 is looking very meagre: while a hive normally produces 15-20 kilos of honey, the current figure is 0-3 kilos, Swiss public radio, RTS, reportedExternal link on Thursday. “The scarcity of honey is mainly due to...

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Has a new price premium on cocoa really helped struggling African farmers?

Farmers are now getting lower prices for their crop even though a living wage premium was introduced. Keystone / Legnan Koula Farmers in Ivory Coast – the world’s largest cocoa-producing nation – are getting less for their cocoa despite the introduction of a payment that aims to secure them a living wage. The West African nation of Ivory Coast accounts for around 45% of the world’s cocoa production that brings in export revenue of $3.5 billion (CHF3.2 billion) a...

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Central Switzerland braces itself for another ‘flood of the century’

The River Aare at a weir just before flowing into Lake Biel on Friday. Lake Biel is threatening to reach a record level. Keystone / Jean-christophe Bott Lakes and rivers in central Swiss cantons such as Bern and Lucerne have reached dangerous levels, and more rain is forecast for Thursday and Friday. On Wednesday authorities in canton Bern said water levels on Lake Thun, Lake Biel and in the city of Bern would significantly exceed flood limits in the coming days....

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Shares in Picasso painting go up for grabs in blockchain sale

Picasso’s ‘Fillette au béret’ before being auctioned in Sweden in 2016 TT News Agency via AFP / Pontus Lundahl Fans of Pablo Picasso will soon be able to own a share in one of his paintings for less than $6,000 (CHF5,500) – although that won’t actually buy them the right to see the work, which will be stored under lock and key in Switzerland. Fillette au béret (Young girl with a beret) is being sold – or “tokenised” – via the blockchain in what Sygnum, the digital...

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Bern braces itself for another ‘flood of the century’

Canton Bern expects water levels on Lake Thun, Lake Biel and in the city of Bern to significantly exceed flood limits in the coming days. On Lake Biel it’s possible the situation will be similar to the flood of the century in 2005. The River Simme in Wimmis, canton Bern, on Tuesday Keystone / Peter Schneider Bern’s state chancellery said on Wednesday it expected the flood level on Lake Biel to be exceeded by 25-65 centimetres. Lake Thun is expected to swell to 25-40...

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Swiss ‘Crypto Nation’ supports African blockchain ambitions

Sub-Saharan Africa is a key region for Swiss foreign policy External link and digitisation will play a major role in that strategy. To this end, “Crypto Nation” Switzerland is throwing its weight behind a public-private partnership to find blockchain solutions to some of the challenges facing the continent. The success of the M-Pesa mobile phone payment scheme in Kenya, and now other countries, demonstrates how digital innovation can overcome infrastructure...

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Swiss Start-Ups Show Resilience Despite Covid-19 Pandemic

The number of Swiss start-ups launched has risen significantly in the first six months of 2021 while the number of companies filing for bankruptcy has decreased, studies have shown. In the first half of 2021 over 26,000 new companies were added to Switzerland’s commercial register. © Keystone / Christian Beutler In the first half of 2021 over 26,000 new companies were added to Switzerland’s commercial register, an increase of over 20% compared to the year before, a...

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