Switzerland tosses state political order overboard
Securing the power supply in Switzerland produces unbelievable decisions. The country of snail’s pace suddenly throws all principles overboard.
Read moreFOPH lets small health insurer self rule
The Federal Office of Public Health (FOPH) normally monitors very closely how health insurance companies calculate their rates. If necessary, officials intervene – but apparently, not with all.
Read moreSwiss stock exchange ramps up crypto support
Swiss stock exchange SIX is expanding its services in digital assets. It is doing so with a very well-known partner in crypto.
Read moreSwiss government N00bs ill-equipped for cyber attacks
The National Cyber Security Center of Switzerland (NCSC) and the federal departments want to manage cyber incidents together. However, the whole thing is not working at all.
Read moreU.S. penalties against Swiss banks show no end
Swiss banks have already payed billions of penalties in the U.S. Now there is another million-dollar fine against another major bank.
Read moreSwiss companies keep cool
Uncertainty about the future of the economy has now also reached companies. But they are still reacting calmly.
Read moreFederal Office for Spatial Development closes ‘a gap’
In Switzerland the costs of congestion have not yet been quantified. Yet these would be significant amounts.
Read moreElon Musk changes his mind again
Billionaire and head of Tesla, Elon Musk, first blew off the acquisition of Twitter. Now he wants to buy the Twitter service. His change of mind has huge consequences.
Read moreSome cantons grope sloppy federal government grants
The Swiss Federal Audit Office (SFAO) has once again put an area under the microscope. This time the auditors show how cantons are unnecessarily wresting money from the federal government.
Read moreSwiss stock exchange endures a busy month
Despite the capers in the capital markets, the Swiss stock exchange (SIX) had a comparatively busy September. One category in particular stands out.
Read moreBaked goods manufacturer in a quandary
Aryzta, a group focused on baked goods, has just achieved a ‘black zero’ in profits. But the challenges remain enormous.
Read moreInflation loses momentum
Consumer prices surprisingly fell by 0.2 percent in September. The momentum of inflation was broken for the first time.
Read moreBackground to the collapsed UBS billion dollar deal
Big bank UBS wanted to buy a company in the U.S.A. and put 1.4 billion dollars on the table for it. Now it becomes clear why nothing came of it.
Read moreHelvetia Insurance honours rare species of manager
Insurance group Helvetia pays tribute to art collector and patron René Theler, who recently passed away. An exhibition provides insight into a Swiss managerial species that probably hardly exists anymore.
Read moreSwiss pharma group becomes more transparent
For decades Basel-based pharmaceutical company Novartis has not allowed just anyone onto its premises – except with permission. That is set to change starting as of Monday.
Read moreHurricane Ian suddenly also gives hope to millions
Hurricanes are usually known only for destruction and suffering. But Ian may succeed in doing something that has been impossible for decades.
Read moreRenault boss reveals future concept for a car group
The CEO of the Renault car company, Luca de Meo, has called the ban on internal combustion engines ‘completely illogical.’ But his proposal sounds exciting.
Read moreCompanies are pawns of global politics
The U.S. is taking agrochemical company Syngenta to task. This is likely related to its owners and illustrates how politicians use companies for their own purposes.
Read moreSales in Swiss retail trade increase significantly
Retail sales increased sharply in August 2022 compared to the same month of last year. But it’s not just price increases that are having an effect.
Read moreAnother Swiss health insurer flatlines
The number of health insurers in Switzerland has again been reduced. But this time, for one company, the reasons for disappearing are different from the usual suspects.
Read moreSwiss banks resist debt relief
Swiss banks welcome the idea of offering an economic perspective to severely over-indebted individuals. However, the financial institutions reject a bill on debt relief.
Read moreHealth insurer CSS seems out of control
The CSS health insurance group is having difficulties complying with legal solvency requirements. Instead of finding a permanent solution, the problems are simply being postponed.
Read moreSwiss sports misappropriate millions
Over the past few years the federal government has handed out around half a billion Swiss francs in support of sport. Some of that money has been misappropriated – and not all of it is coming back.
Read moreZurich Insurance shareholder equity slumps
Movements in the capital markets are causing insurers’ equities to shrink. Now, as in the case of Zurich Insurance, there is even an additional effect.
Read moreUBS and CS receive a ‘red notice’ from the U.S.A.
The two big Swiss banks have each caught fines in the U.S. again. This time the offenses didn’t happen so long ago.
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