Tag Archives: 3.) Swissinfo Business and Economy

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...

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...

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...

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...

Purchasing power in Switzerland is likely to remain under pressure next year. Companies surveyed by UBS want to pay their employees more wages for 2024, but higher salaries cannot compensate for the inflation. Share Facebook Twitter E-mail Print Copy link Specifically, the 389 companies surveyed as well as employer and employee associations expect an average wage increase of 1.9% for 2024. Taking into account inflation expected at around 2%, real wages are...

read aloud pause X This year's potato harvest has been disappointing with growers expecting a drop of around a third compared with recent years. Share Facebook Twitter E-mail Print Copy link Yields are still difficult to estimate at the moment. The final figures will not be known until early December, Ruedi Fischer, President of the Swiss Potato Growers' Association (USPPT), told press agency Keystone-SDA.+ Switzerland forced to import...

read aloud pause X The European bison, a species that differs slightly from its north American cousin, died out in Europe. Now it is to be reintroduced in Switzerland. Can a densely populated country tolerate such a large wild animal? Christian Raaflaub Radio, TV and online journalist.  More from this author | German Department Share Facebook Twitter E-mail Print Copy link Otto Holzgang, a biologist, stretches one arm out and...

read aloud pause X Credit Suisse on Friday won a lawsuit at London’s High Court over the sale of $100 million (CHF90.47 million) of notes linked to residential mortgage-backed securities. Share Facebook Twitter E-mail Print Copy link Loreley Financing, a special purpose vehicle set up by German bank IKB, sued Credit Suisse over its 2007 purchase of the notes as part of a collateralised debt obligation transaction.The Jersey-registered...

read aloud pause X Swiss authorities and lenders, including UBS, are discussing new measures to prevent bank runs after Credit Suisse’s last-ditch rescue earlier this year, four sources familiar with the matter told Reuters. Share Facebook Twitter E-mail Print Copy link The talks, which have not been previously reported and are part of a broader review of the country’s banking rules, are intended for the top Swiss banks and could target...

The US Supreme Court considered reinstating a $900,000 (CHF810,000) jury verdict won by a fired UBS Group research strategist in a case that could make it easier for whistleblowers to win suits claiming retaliation under a federal investor-protection law.   Share Facebook Twitter E-mail Print Copy link UBS contends that...