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Swiss labor market booms

kut. October 9, 2022October 9, 2022 actual, macro No Comments
Seco Arbeitslosenquote Firmen Schweiz Arbeitskräfte Mangel

Switzerland is desperately looking everywhere for workers. The statistics even show effects that were never thought possible.

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Swiss banks take issue with Federal Council and Finma

kut. October 9, 2022October 9, 2022 actual, macro No Comments
UBS CS Credit Suisse Bundesrat Finma Basel III rules Regel Kapital Kreditvergabe

A package of reforms on capital requirements for banks is currently being drafted. Known as “Basel III Final,” the project goes too far for Swiss banks.

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Switzerland tosses state political order overboard

kut. October 9, 2022October 9, 2022 actual, macro No Comments
Schwitzerland Parlament Regierung Bundesrat Notverordnung Verfassung Energiekrise

Securing the power supply in Switzerland produces unbelievable decisions. The country of snail’s pace suddenly throws all principles overboard.

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FOPH lets small health insurer self rule

kut. October 9, 2022October 9, 2022 actual, macro No Comments
BAG Krankenkasse Aufsicht Regulator Prämien Reserven

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.

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Swiss stock exchange ramps up crypto support

kut. October 9, 2022October 9, 2022 actual, crypto No Comments
Krypto SIX Daten CryptoCompare Handel digitale Assets

Swiss stock exchange SIX is expanding its services in digital assets. It is doing so with a very well-known partner in crypto.

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Swiss government N00bs ill-equipped for cyber attacks

kut. October 9, 2022October 9, 2022 actual, macro 3 Comments
Cyber-Attacken Angriffe Software Bund NCSC Departemente EFK

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.

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U.S. penalties against Swiss banks show no end

kut. October 9, 2022October 9, 2022 actual, micro No Comments
UBS Credit Suisse CS Grossbanken Strafe SEC USA

Swiss banks have already payed billions of penalties in the U.S. Now there is another million-dollar fine against another major bank.

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Swiss companies keep cool

kut. October 9, 2022October 9, 2022 actual, macro No Comments
Luxusuhren Adecco Personal Stellensuche

Uncertainty about the future of the economy has now also reached companies. But they are still reacting calmly.

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Federal Office for Spatial Development closes ‘a gap’

kut. October 9, 2022October 9, 2022 actual, macro No Comments
Staus Verkehr Analyse Autos Fahrzeuge Bundesamt für Raumentwicklung

In Switzerland the costs of congestion have not yet been quantified. Yet these would be significant amounts.

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Elon Musk changes his mind again

kut. October 6, 2022October 6, 2022 actual, micro No Comments
Elon Musk Twitter SEC Deal

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.

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Some cantons grope sloppy federal government grants

kut. October 4, 2022October 4, 2022 actual, macro 1 Comment
Bern Schweiz Parlament EFK Eidgenössische Finanzkontrolle Hochschulen

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.

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Swiss stock exchange endures a busy month

kut. October 4, 2022October 4, 2022 actual, macro No Comments
SIX Stockmarket Trade volume Handelsumsatz

Despite the capers in the capital markets, the Swiss stock exchange (SIX) had a comparatively busy September. One category in particular stands out.

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Baked goods manufacturer in a quandary

kut. October 4, 2022October 25, 2022 actual, micro 6 Comments
Backwaren Energy Aryzta Luxus Premium

Aryzta, a group focused on baked goods, has just achieved a ‘black zero’  in profits. But the challenges remain enormous.

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Inflation loses momentum

kut. October 4, 2022October 4, 2022 actual, macro No Comments
Inflation Preise BFS Steigen Detailhandel Importgüter

Consumer prices surprisingly fell by 0.2 percent in September. The momentum of inflation was broken for the first time.

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Background to the collapsed UBS billion dollar deal

kut. October 3, 2022October 3, 2022 actual, micro No Comments
UBS Deal Akquisition Wealthfront Börsen Grossaktionäre Platzen

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.

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Helvetia Insurance honours rare species of manager

kut. October 3, 2022October 3, 2022 actual, luxe No Comments
Helvetia National Art Kunst Versicherung René Theler Ausstellung Basel

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.

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Swiss pharma group becomes more transparent

kut. October 3, 2022October 3, 2022 actual, micro No Comments
Novartis Campus Bevölkerung Pharmakonzern Forschung Cafes Transparenz

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.

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Hurricane Ian suddenly also gives hope to millions

kut. October 3, 2022October 3, 2022 actual, macro No Comments
Kuba USA Infrastruktur Spitäler Hilfe Annäherung Aufbau Hurrikan

Hurricanes are usually known only for destruction and suffering. But Ian may succeed in doing something that has been impossible for decades.

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Renault boss reveals future concept for a car group

kut. October 3, 2022October 3, 2022 actual, macro No Comments
Renault Car group future emission electronic motor transformation strategy

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.

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Companies are pawns of global politics

kut. October 3, 2022October 3, 2022 actual, macro No Comments
Syngenta China Chemchina USA Regulator fingerpointing

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.

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Sales in Swiss retail trade increase significantly

kut. September 30, 2022September 30, 2022 actual, macro No Comments
Einkaufswagen im Supermarkt

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.

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Another Swiss health insurer flatlines

kut. September 30, 2022October 1, 2022 actual, macro No Comments
Another 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.

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Swiss banks resist debt relief

kut. September 30, 2022September 30, 2022 actual, macro No Comments
Swiss 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.

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Health insurer CSS seems out of control

kut. September 29, 2022October 1, 2022 actual, micro No Comments
Health 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.

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Swiss sports misappropriate millions

kut. September 29, 2022September 29, 2022 actual, macro No Comments
Swiss 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.

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