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Tag Archives: 3.) Swissinfo Business and Economy

Former Swiss central banker throws in towel to lead OECD

Hildebrand had to concede defeat having failed to generate enough support for his candidacy. Keystone / Peter Klaunzer Former Swiss National Bank (SNB) chairman, Philipp Hildebrand, has pulled out of the race to become the next secretary-general of the Organisation for Economic Co-operation and Development (OECD). Hildebrand announced that he had withdrawn his candidacy on Twitter on Thursday evening. “It was a privilege and an honour to have been Switzerland’s...

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Swiss press divided over phased easing of Covid restrictions

Swiss President Guy Parmelin (right) and Health Minister Alain Berset at Wednesday’s press conference to confirm the relaxation measures on Wednesday Keystone / Peter Klaunzer Is the government showing some backbone or being cowardly by keeping to its gradual pandemic reopening plans? The Swiss media can’t agree. For the German-speaking Neue Zürcher ZeitungExternal link broadsheet, the government – which confirmed its measures on Wednesday – is simply being...

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Swiss tourism boss says ski resort openings have been justified

Off-piste in Klosters, canton Graubünden. © Keystone / Christian Beutler The head of the Switzerland Tourism organisation reckons the decision to open ski resorts in the country this winter has – so far – proven to be a good one. “There were no big [virus] outbreaks, no ski resort became a hotspot, there was no major reputational damage for Switzerland – none of these fears materialised,” said Martin Nydegger in an interview with the CH-Media group on Tuesday....

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Pandemic pushes Swiss away from cash 

Will cash machines soon be a thing of the past? © Keystone / Christian Beutler Cash has lost its appeal among the Swiss population as the coronavirus pandemic led more people to pay by bank card, mobile app or online, a recent survey has found. The survey by financial services website moneyland.ch found that for the first time, cash is no longer people’s preferred method of payment. “Moneyland.ch expects that cash will continue to lose in importance,” said...

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Some Swiss cantons call for earlier restaurant re-openings

A restaurant that has been shut in Geneva Keystone / Martial Trezzini Several cantons have called for restaurants to be re-opened a month earlier than the official nationwide plan presented by the government earlier this week. Canton Graubünden wants restaurants to open their terraces from March 1. The canton has done a lot to fight the pandemic with its mass testing pilot programme, its officials argue. “In the end the government will have to give some...

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Alpine skiing industry faces uphill battle after reopening U-turn

Carving its own way: ski resorts in Switzerland have remained open this winter. Keystone / Marcel Bieri As a fresh covering of snow brought ideal skiing conditions to the Alpine resort of Piani di Bobbio last weekend, facilities manager Massimo Fossati eagerly anticipated the arrival of the first visitors in nearly a year. Italy’s government had given the go-ahead for the skiing industry to reopen on February 15, raising hopes of a return to normality after 11 months...

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The Swiss eID law has flaws, but is another version worth the wait?

An infographic shows the process of applying for an eID on the website of e-ID Switzerland, a committee in support of the eID Law opposed by a referendum. The popular vote is scheduled for March 7, 2021. © Keystone / Christian Beutler The eID is billed as a long-overdue key to the digital world, a single access point for services provided by a range of public and private-sector organisations. But the model proposed by Switzerland – being put to a nationwide...

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Switzerland tops global e-commerce index

There is a significant gap in the online trade between high and low-income countries that UNCTAD says urgently needs to be narrowed, if populations are to benefit from the digital economy. © Keystone / Christian Beutler Switzerland is the best equipped country for online shopping, according to a United Nations comparison of more than 150 states. Last year, 97% of the Swiss population used the Internet, the annual study by the Geneva-based UN Conference on Trade and...

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The United Nations in Geneva – before and during the pandemic

The Conference on Afghanistan on November 28, 2018. With the exception of a few organisations and institutions that continue to operate in person, such as the UN Human Rights Council, which is currently conducting its Universal Periodic Review process, the Office of the UN High Commissioner for Human Rights, the WHO and some permanent missions to the United Nations, most day-to-day business and multilateral activities are conducted online. March 2020 marked a major...

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Swiss competition watchdog to investigate Mastercard

The dispute centres around a Swiss attempt to uniformise functions across ATMs from different providers. © Keystone / Alexandra Wey The competition authority suspects the global credit card firm of using its position to prevent the rollout of a new, more uniform, ATM system across Switzerland. COMCO said on Tuesday it had launched an investigation on February 8 after a complaint by the Swiss financial infrastructure company SIX, which is responsible for developing...

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