Tag Archives: Business

Sunrise, who is to buy UPC for CHF6.3 billion, expects the deal to go through in Autumn. COMCO, the Swiss Competition Commission, is to intensify its investigation of telecoms operator Sunrise’s takeover of UPC Switzerland, amid fears that the move could create positions of market dominance in several areas. Making the announcementexternal link Monday, COMCO wrote that “initial investigations showed that the buyout...

There was a 3.1% jump in the number of goats in 2018, especially in mountain regions. (Keystone / Arno Balzarini) Last year 768 farmers in Switzerland called it quits, while others increased their livestock numbers and production of organic food. Figures released this week by the Swiss Federal Statistical Officeexternal link revealed a 1.5% drop in the number of farms, bringing the total down to 50,852. However, the...

Switzerland is ranked the most attractive destination for international students. Switzerland is one of the most attractive locations for highly qualified foreign workers, according to a new study by the Organisation for Economic Cooperation and Development (OECD). In a ranking of 35 countries presented on Wednesday, Switzerland comes third behind Australia and Sweden as an attractive destination for skilled workers...

View of the main building of the Swiss Federal Institute of Technology ETH Zurich. IMD ranked Switzerland highly for its university and management education. Switzerland is Europe’s most competitive nation, coming fourth in the annual global ranking of the Lausanne-based IMD business school. The small Alpine nation climbed from fifth to fourth place in the 63-country competitiveness ranking. It was helped by economic...

(Keystone / Jean-christophe Bott) In a comparison of European solar and wind power generation, Switzerland ranks near the bottom. Per year and inhabitant, Switzerland produces 250 kilowatt hours of solar (236kWh) and wind (14kWh) power – the amount needed to power a dishwasher, roughly. This puts Switzerland in 25th place when compared with the 28 European Union nations, according to a study published by the Swiss...

In order to benefit from the free internet service on the trains, travellers must have a mobile phone, download the “FreeSurf SBB” application and have a Swiss SIM card from Salt or Sunrise. - Click to enlarge The Swiss Federal Railways has started testing free mobile internet based on 3G/4G coverage on the main train routes. However, it does not cover all Swiss operators. The state-owned company has started testing...

Chinese spies are on the radar of the Swiss intelligence service. Swiss investigators have broken up a Chinese industrial spying scheme that stole hundreds of sensitive documents from a technology company in Switzerland, reports the SonntagsZeitung newspaper. Prosecutors confirmed that a technician was fined for his part in the affair. The news comes days after the Swiss Federal Intelligence Service had highlighted the...

Two shipments to the US were halted last year because they contained goods that could be used to develop nuclear weapons. (Kcna Via Kns) Federal authorities are stepping up efforts to prevent the sale of Swiss machinery that could be used to develop nuclear weapons. The latest interventions concern direct sales to the US and France. According to reportsexternal link by the German-language newspaper NZZ am Sonntag, the...

Swiss consumers pay a premium to read their favourite titles – unless they go over the border to get a copy. (Keystone / Martin Ruetschi) Swiss consumers pay a “high price island” premium of up to 245% for magazines and clothing compared to prices being charged for the same goods in neighbouring countries. A consumer group study found the price differential to be higher in Italy and France than in Germany. For many...

Swiss banks are generally considered reliable and secure by the public The image of Swiss banks has returned for the first time to pre-financial crisis levels, according to a survey by the Swiss Bankers Association (SBA). Cybercrime remains a concern, however. “The banks’ positive image is the result of a combination of their commercial success and social responsibility, and the respondents’ positive experiences with...