Jelmoli luxury department store lacks big spenders
For years, Zurich’s shopping mile Bahnhofstrasse was hardly affected by change. But now, after Manor, another department store is being hit.
Read moreSwiss central bank changes its strategy
The Swiss National Bank SNB has normally raised interest rates in step with the U.S. Now it is apparently changing its strategy.
Read moreEnvironmental faux pas at Coop?
“Deeds not words” is the motto of retail giant Coop when it comes to environmental protection. On the 30th anniversary of its brand Naturaplan, however, the company is committing a marketing misdeed.
Read moreSwiss star economist messes with the Chinese
Professor Bruno S. Frey has criticized autocratic systems, especially China. But a solution to the problem described would be quite simple.
Read moreRoche Group’s tribute to Fritz Gerber
After the coronavirus pandemic, Roche Group nevertheless achieved stable results. This was mainly due to one circumstance.
Read moreProblems at Swisscom get even more bizarre
Telecom company Swisscom is constantly struggling with IT problems. Now the breakdowns are no longer just affecting customers, but the company itself.
Read moreMigros goes shopping for itself
Retailer Migros is getting bigger. This time the colossus buys a company in the medical sector and lifts the group with a liberating blow.
Read moreFederal export insurer fails to recognize own risks
Switzerland’s export risk insurer, SERV, has already botched its IT transition twice. The Swiss Federal Audit Office (SFAO) attests to a disaster for a company that actually wants to manage risk.
Read moreSwitzerland lifts itself from gloom
Consumers are more optimistic. But they are still holding back on one important issue for the country.
Read moreChanging of the guard at reinsurer Swiss Re
Reinsurer Swiss Re is surprisingly in motion. A restructuring comes to a solution that existed before.
Read morePharma giant Novartis mega profit slump
The pharmaceutical group Novartis achieved significantly lower profits in the past financial year. It shows that you can sell silverware only once.
Read moreInsurance data reveals lifestyles of Swiss people
The whole country should pounce on the data of the Swiss Insurance Association (SIA). Then it would become clear why Switzerland ticks the way it does.
Read moreUBS struggles to meet corporate targets
UBS has announced its results for the past financial year. The crux lies in the fine print, although the big bank shines above all.
Read moreSwiss bank tolerates another dodgy customer?
Swiss banks should be very cautious when doing business with politically exposed persons, so-called PEPs. Now another blatant case comes to light.
Read moreThe SIF sinks into the mud
The State Secretariat for International Financial Matters (SIF) has come under fire. This shows that the authority is not needed at all.
Read moreGermany pays out hundreds of Corona vaccine claims
Apparently, the Corona vaccine can cause extreme side effects as well as death. States have exempted the pharmaceutical industry from obligations, and a big country is compensating for vaccine damages.
Read moreGeneration change at service provider for generations
Generations of schoolchildren have grown up with these products. The mastermind behind it is now withdrawing from the Swiss education market.
Read moreParmelin’s chatter at round tables
Economy Minister and SVP Federal Councillor Guy Parmelin convenes one round table after another. What is the point to all of these meetings?
Read moreWhat do banks and asset managers bring to clients?
Already for the eighth time the company Zwei Wealth presents the comparison of the achieved annual returns of banks and asset managers. The wheat is indeed being separated from the chaff.
Read moreBasel gets new panoramic view of the old town
The 140-year-old building of the main post office in Basel needs to be renovated. The Axa Investment Foundation, as the owner, lifts the veil on the renovation by star architects Herzog & de Meuron.
Read moreStrategic tactical games of the Federal Council
Switzerland has its back to the wall financially. But when it comes to saving money, the Federal Council is just playing games, as two examples show.
Read moreSwitzerland’s largest museum ‘misplaces’ paintings
Switzerland’s largest museum, the Kunsthaus Zürich, is missing two old masters. The scandal is likely to paint the former president of the Swiss National Bank, Philipp Hildebrand, in a bad light.
Read moreFederal Council backtracks on quality of physicians
Switzerland wanted to put a bar on new physician licensing. But this backfired and it is being revised – with an almost funny justification.
Read moreRestaurant chain L’Osteria adds more toppings
The restaurant chain L’Osteria has a new majority shareholder. A three-digit million amount for the “best pizza and pasta”?
Read moreSwiss foreign trade running out of steam
Swiss foreign trade has been top so far. But in the fourth quarter of 2022, it declined and, adjusted for inflation, 2022 was a real flop.
Read more
