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Tag Archives: Latest News

Switzerland approves CHF80 million in emergency aid for Ukraine

The Swiss government has boosted its humanitarian support to victims of the war in Ukraine. On Friday it approved CHF80 million ($86 million) as an “expression of its solidarity with Ukrainians in need”. “Around 12 million people are dependent on emergency aid because of Russia’s ongoing military intervention in Ukraine. With this contribution, Switzerland is expressing its solidarity with Ukrainians in need,” the government said in a statementExternal link on...

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Switzerland listed as ‘unfriendly’ country by Russia

In addition to Western sanctions, many big companies have temporarily shuttered operations or exited Russia over its invasion of Ukraine. Keystone / Yuri Kochetkov Russia has drawn up a list of around 50 countries, including Switzerland, that have committed “unfriendly actions” against Russia, its companies and citizens, in the wake of severe economic sanctions over the war in Ukraine, the Russian state media agency TASS reports. Moscow published the list on Monday...

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Swiss parliament paves way for genome editing

GMOs are only permitted for research purposes in Switzerland, but opposition against a moratorium appears to be weakening. © Keystone/Christian Beutler The Swiss parliament has decided to ease restrictions on genetic engineering in agriculture, while extending in principle a moratorium for genetically modified organisms (GMOs) until 2025. The Senate on Tuesday asked the government to propose details for the use of gene editing techniques on plants and seeds by the...

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Swiss emergency relief supplies arrive in Ukraine

Aid workers load Swiss humanitarian relief supplies onto a train bound for Ukraine. Swiss Humanitarian Aid Unit Around 35 tonnes of emergency aid, including medical equipment and tents, sent from Switzerland to help victims of the war in Ukraine have arrived in the capital, Kyiv. “The aid is urgently needed for hospitals serving the Ukrainian population,” the Swiss Humanitarian Aid Unit (SHA) tweeted on Sunday. A large part of the humanitarian aid had been flown from...

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Prosecutor calls for maximum fine for Credit Suisse

Credit Suisse has rejected all allegations in this case as meritless © Keystone / Christian Beutler The Office of the Attorney General of Switzerland has demanded Credit Suisse be fined CHF5 million ($5.4 million) – the maximum provided for by law – for aggravated money laundering and subsidiary support of a criminal organisation. Switzerland’s second-largest bank is a defendant in a trialExternal link, which began on February 7, involving millions of euros that were...

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SWISS suspends flights to Ukraine

Other airlines in the Lufthansa Group also announced plans to halt flights to the country. © Keystone / Christian Beutler Amid further escalations of the crisis in Ukraine, Swiss International Airlines has decided to temporarily suspend flights to Ukraine from next week. This affects flight connections in Kyiv. This content was published on February 19, 2022 – 17:22February 19, 2022 – 17:22 Keystone-SDA/jdp All flights will be cancelled from Monday, February 21...

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Swiss firms rank low in European ‘Gender Diversity Index’

Philomena Colatrella has been the chief executive officer of CSS Insurance since 2016. Switzerland has the second-lowest score for female CEOs, the study found.​​​​​​ Fabian Biasio The proportion of women in leading positions at major European companies rose slightly last year but progress is slow, according to a new study that compares 19 countries. Switzerland was ranked near the bottom of the 2021 “Gender Diversity Index”. Female representation at board level in...

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Pandemic drives Swiss Post parcel deliveries

All-time record for Swiss Post: it processed more than 200 million parcels last year. Keystone/Laurent Gillieron The state-owned Swiss Post processed a record number of parcels last year, but the downward letter mail continued. Parcel deliveries increased by 9.6% to 202 million in 2021, according to the state-owned company. “This rise is due to the boom in online retail, which has been driven in part by Covid restrictions and working from home,” it said on Tuesday....

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Pandemic pushes Swiss house prices higher

Consumer prices have risen sharply in Switzerland, increasing the attractiveness of tangible assets such as residential property © Keystone / Christian Beutler The value of residential property in Switzerland continued to rise strongly in 2021 in the wake of Covid-19. Property prices are likely to rise further this year, according to an analysis. Owners of freeholder apartments saw an increase in value of 7.3% over the course of the year. The increase for...

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Zurich Airport faces another loss for 2021

Planes belonging to SWISS and Helvetic Airways at Zurich Airport last month Keystone / Michael Buholzer The Covid pandemic has hit Zurich Airport, one of the biggest employers in the region, hard. But CEO Stephan Widrig says there are sufficient financial resources to get through the crisis, including the Omicron variant. “We don’t need any state aid even in a difficult 2022, apart from the short-time work compensation,” Widrig told newspaper Blick in an...

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