Tag Archives: Business

Taxi drivers and trade unions have both opposed Uber in Switzerland. The ride sharing service Uber plans to expand further in Switzerland, but not as aggressively as in the past, Swiss head Steve Salom says in a newspaper interview. Uber is present in Zurich, Basel, Geneva and Lausanne with 300,000 regular customers and some 2,600 drivers in Switzerland, Salom told SonntagsBlick. But it has also run into some...

The WIPO annual innovation report is one of many that features Switzerland highly Switzerland retained its crown as the world’s most innovative country for the eighth year in a row, according to the World Intellectual Property Organization (WIPO) – the global intellectual property agency. Switzerland came top of the innovation list ahead of the Netherlands, Sweden, Britain, Singapore, the United States, Finland,...

The US import measures targeted at protecting national security were unjustified, SECO wrote. The Swiss State Secretariat for Economic Affairs (SECO) has initiated a dispute settlement procedure with the World Trade Organisation (WTO) against US steel and aluminium import tariffs. In a statementexternal link published on Tuesday, SECOexternal link announced that a complaint to this effect had been filed with the...

Novartis’ Sandoz unit is one of the dozen Swiss firms alleged to have been targeted in the long-running German spying operation in Austria A dozen branches of Swiss firms in Austria were targeted by German spies between 1999 and 2006, according to the SonntagsBlick newspaper which has seen documents belonging to Germany’s federal intelligence service BND. Part of the data was allegedly handed to the United States. The...

Traffic jam in Geneva: bad for the environment, bad for the nation's wallet. (Keystone) - Click to enlarge A government study has found that the so-called ‘external costs’ of various modes of transport collectively increased by almost CHF1 billion during the period 2010-2015. For walkers and cyclists, however, benefits outweigh the costs. The study, published on Thursdayexternal link by the Federal Office for Spatial...

Unlike this company being audited in Zurich, many Swiss firms are falling under the radar. (© KEYSTONE / CHRISTIAN BEUTLER) - Click to enlarge About 13,000 companies are not listed in the commercial register – a serious problem, notes the Swiss Federal Audit Office. Increased cooperation with the tax authorities could be a solution.  On Wednesday the office published an evaluationexternal link of how Switzerland has...

The DoJ is investigating Glencore’s activities in DRC, Nigeria and Venezuela. Swiss commodities mining and trading giant Glencore has been subpoenaed by the United States Department of Justice (DoJ) in relation to its activities in Nigeria, the Democratic Republic of Congo (DRC) and Venezuela. A statementexternal link from the Baar-based company said the DoJ has demanded “documents and other records with respect to...

The Swiss railway system ranks as the best in Europe. The intercity IC2000 trains feature double-storeyed coaches. (Keystone) The Swiss Federal Railways is revamping its intercity IC2000 fleet at a cost of approximately CHF300 million ($302 million). The first completely renovated trains will be put back into operation in early 2019. The 341 wagons should be fit for another 20 years on the rails after their makeover....

SWI swissinfo.ch is part of the Swiss Broadcasting Corporation. The Swiss Broadcasting Corporation (SBC), swissinfo’s parent company, announced on Thursday a series of belt-tightening measures, including the elimination of 250 full-time positions over the next four years. The SBC is initiating a four-year savings and redeployment programme aimed at saving CHF100 million ($100 million), which will be re-invested across...

The banking industry must send out a clear message that it is committed to consistently prevent and detect financial crimes, wrote the researches. Swiss financial institutions and public authorities must do more to prevent organised crime and money laundering within the financial system, a study by the consulting firm KPMG published on Tuesday has found. The authors of the study called “Clarity on Crime in Financial...