Tag Archives: 3.) Swissinfo Business and Economy

Jordan, shown at a news conference last year, warns of neglecting the risks of inflation. Keystone/Anthony Anex The Swiss National Bank (SNB) can expand its balance sheet further if needed, says chairman of the board Thomas Jordan. “A big balance sheet is per se no problem. We can expand the balance sheet further, if monetary policy so requires,” he told the Neue Zürcher Zeitung newspaper in an interview published on Saturday. The SNB’s holdings of foreign exchange...

Alain Berset, right, and Tedros Adhanom Ghebreyesus during a bilateral meeting in Geneva on Monday to sign a memo of understanding on the BioHub Initiative Keystone / Laurent Gillieron Switzerland and the World Health Organization (WHO) have agreed to launch the first WHO BioHub Facility. This will enhance the rapid sharing of viruses and other pathogens between laboratories and partners globally. Under the agreement, signed at the 74th World Health Assembly in...

A Covid credit programme has helped boost the reputation of Swiss banks, despite some of them being the target of climate protests. © Keystone / Christian Beutler Swiss people’s trust in their country’s banks is at its highest in 20 years, boosted by Covid credits and a commitment to sustainability, according to a new survey. People from almost all political camps have a positive perception, with 75% describing their attitude towards Swiss banks as positive or very...

While rich Swiss residents figure in Bloomberg’s top 500 world’s wealthiest, there are nine Americans in the top ten slot. © Keystone / Gaetan Bally In the latest version of the Bloomberg Billionaires Index, eight Swiss or Swiss-resident names figure among the 500 richest people in the world. The richest of the Alpine-based billionaires is Geneva-based Ernesto Bertarelli, who according to his own self-description is a “Swiss entrepreneur active in the fields of...

Switzerland used to be a place where the rich came with their money to escape the world’s problems, not to confront them. Ethical investing: a bright future for the financial centres of Zurich and Geneva? © Keystone / Gaetan Bally These days, the private banks that dot the pristine streets of Zurich and Geneva are no exception when it comes to the wave of enthusiasm that has broken over the asset management world for better environmental, social and governance...

Swiss Life at its peak was responsible for over $1 billion in portfolios for US clients. © Keystone / Christian Merz Switzerland’s largest insurance company Swiss Life has agreed to pay CHF70 million ($77.4 million) and enter a deferred prosecution agreement in the United States to resolve accusations it conspired to help wealthy Americans to avoid taxes. The company will pay a $25.3 million fine plus $52.1 million in restitution and forfeiture to resolve a charge it...

Let me state from the outset, you won’t get a discount if you mention to your travel agent that you read this article when you book your trip to Switzerland this summer. But it will be nice to have you back; Switzerland – in line with much of Europe – is planning to open up to overseas visitors in a few short weeks. And since we haven’t seen you in a while, I expect you’ll be welcomed with open arms! I can assure you, the place hasn’t changed much. Of course, we have...

Anton “Toni” Piëch, co-founder of the Swiss electric car manufacturer Piëch Automotive, tells SWI swissinfo.ch why he chose Zurich and how he intends to make his mark in a highly competitive market with battery-powered cars for “purists who love technology”. Piëch, who says he wants to breathe new life into the Swiss car industry, is a scion of an Austrian-German family with a rich automobile history: his great-grandfather was Ferdinand Porsche and his father,...

A Swiss pensioners' cycling group at Solothurn, Switzerland, on July 26, 2018. © Keystone / Christian Beutler Around half of all people stop working before the official retirement age in Switzerland, according to new federal data. This content was published on May 4, 2021 - 13:32 May 4, 2021 - 13:32 RTS/sb On Tuesday, the Federal Statistical Office (FSO) reported External linkthat in 2019 between 40-50% of people started receiving their pension from their...

Top gear: The items up for auction were worn or used during important matches Keystone / Ennio Leanza Millions of Roger Federer fans around the world might be salivating at the prospect of owning some mementos of the Swiss great’s incredible career after he announced he is auctioning off a collection of personal items this summer. The 20-time Grand Slam champion, regarded by many as the greatest player ever to wield a tennis racket, is putting various items under the...