Tag Archives: Business

Zinke’s new employer invests in fintech, blockchain, cyber security and energy projects. Former United States interior secretary Ryan Zinke has landed his first job since leaving the Trump administration two weeks ago. Zinke has joined investment company Artillery One as managing director, swissinfo.ch has learned. Zinke ended his nearly two-year stint as US Secretary of the Interior at the beginning of this year...

The Swiss authorities are questioning the role of aircraft workers stationed in politically sensitive places away from the home base (pictured) near Lucerne. A Swiss aircraft manufacturer may have broken the law through part of a contract signed with Saudi Arabia. The foreign affairs ministry has begun a deeper investigation. Tasked with helping to maintain military training aircraft, 12 Pilatus employees are working in...

SNB President Thomas Jordan looks back on a weak annual results following a bumper year in 2017. The Swiss National Bank (SNB) says it expects to report a loss of about CHF15 billion ($15.3 billion) for 2018, mainly because of a weak performance of foreign currency positions. In a report on provisional annual calculations, the SNB said on Wednesday that the federal and cantonal authorities would nonetheless still...

Along with Migros, Coop is one of the leading grocery supermarket chains in Switzerland. Swiss supermarket chain Coop is refusing to stock products from food producing giant Mars in a dispute over prices. The retailer is part of a European buying consortium whose other members will also boycott Mars, Twix and Bounty confectioneries. The dispute is over how much retailers must pay for the good they stock on their...

There has been strong construction activity in Switzerland over the last two or three years The unemployment rate in Switzerland averaged 2.6% in 2018, a ten-year low, after strong economic growth in the first six months of the year, according to the State Secretariat for Economic Affairs (SECO). The department said just over 118,000 people were registered with regional job centres during 2018 – 17.5% fewer than the...

Weber joined UBS as chairman following a stint as head of the German central bank. The European Union should stop dictating terms to Switzerland and start negotiating an acceptable compromise if it wants to find agreement on future ties, says UBS chairman Axel Weber. In an interview with the Tages-Anzeiger newspaper, Weber said the current EU demands are unlikely to be approved by the Swiss people should they be put to...

Swiss men are happier than women on the financial front. One Swiss in two is satisfied with the state of their financial situation, according to a study. Just under a third (28%) expect their finances to improve in 2019. The French-speaking population is feeling much more positive than last year. In 2018, one fifth of French-speaking Switzerland still believed that their financial situation was deteriorating, according...

Skiers at the top of the La Berneuse mountain above Leysin in western Switzerland on December 26 Ski resorts have reported a busy period over Christmas and the New Year with numerous visitors enjoying the sunny weather and good snow conditions. The chic resort of Verbier in canton Valais registered over 20,000 skiers a day over the Christmas period, Laurent Vaucher, director of the Téléverbier lift company, told...

A perch caught on Lake Geneva in 2017 (© KEYSTONE / JEAN-CHRISTOPHE BOTT) The European perch, or Perca fluviatilis, has been named the Fish of the Year for 2019. The Swiss Fishing Association said on Wednesday external linkthat it had chosen the perch to remind the public of its popularity, particularly as a culinary delicacy in Switzerland. Around 350 tonnes of perch are caught every year by local professional...

The headquarters of Nestlé is in Vevey on the shores of Lake Geneva. The multinational has about 320,000 employees. (Keystone) The Swiss-based food and drink multinational Nestlé is the most valuable European company, according to a new international survey. Nestlé edges out Royal Dutch Shell to move into 15th position worldwide – up three places with a stock market value of $252 billion (CHF250 billion), the annual...