News by tag: Switzerland


Swiss cabinet backs 2026 Winter Olympic bid

Switzerland's federal government said Wednesday it is prepared to pay almost 1 billion Swiss francs ($1.02 billion) toward Sion hosting the 2026 Winter Olympics. The Swiss federal council voted to support the proposed candidature, which could still be stopped by public opposition. It was a rare signal of support for hosting the Games after voters in the Austrian city of Innsbruck gave a thumbs down to the idea on Sunday, joining around a dozen cities that have pulled out of the running.

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Swiss model is the Third way for UK-EU relationship

British Euroskeptics now have a new watchword: Beware the “Swiss Trap.” Theresa May's government is reportedly heading towards a Swiss-style model for its relationship with the European Union after Brexit. To the frustration of hardline Brexiteers within the Conservative Party, the deal Switzerland has with the EU is now being seriously considered within Whitehall and has not been ruled out by the prime minister, according to Politico.

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Nestlé: results are in line with expectations

Nestlé, the world's largest food maker, reported an increase in real internal growth for the first nine months of the year but expects its trading operating profit margin to drop 40-60 basis points due to higher restructuring costs. The Swiss company said net divestments had a negative impact of 2.6% due to the creation of the Froneri joint venture. The Swiss consumer giant said Thursday it struggled in its largest market, the U.S., where it is trying to sell its confectionery business. Elsewhere, its ability to raise prices was limited by weaker currencies in some emerging markets.

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Swiss students team wins International Solar contest

Four Swiss universities came together to build the US Department of Energy’s 2017 Solar Decathlon overall winner. Eleven teams competed over the course of two years to build a home taking into account modern global demands of “reliability, resilience, and security.” The Swiss schools – École Polytechnique Fédérale de Lausanne, School of Engineering and Architecture Fribourg, Geneva University of Art and Design, and the University of Fribourg – scored perfect 100’s in energy, architecture and engineering categories. 

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Winterthur bars introduce secret code system to help women in the night

Winterthur is introducing a new code to help tackle sexual harassment, reported The Local. Anyone who feels unsafe or uncomfortable on a night out due to unwanted attention can simply approach a member of staff and ask, "Is Luisa there?". Staff can then take measures to help her, including involving security staff, taking her to a safe place or calling her a taxi. There are 10 participating establishments at present, with more expected to follow. 

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Richemont's profits jumps in the first-half 2017

Luxury goods maker Richemont expects first-half net profit to rise by more than two-thirds, partly benefiting from the nonrecurrence of exceptional items. Swiss watchmakers are recovering from a severe downturn in demand, mainly due to a collapse of the Hong Kong market that had prompted the world's second-biggest luxury group to buy back excess inventory of unsold watches and cut jobs and replace almost all its brand chiefs.

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Switzerland announced referendum over ban burqa issue

Voters in Switzerland will decide whether to ban Muslim face veils including the burqa after a campaign by far-right groups to outlaw the garment which they say undermine the "dignity of women". The public will get a chance to have its say in a referendum expected to be rolled out next year in the country where less than 5 per cent are Islamic in the largely Christian nation.

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Goldman Sachs: Switzerland I'm coming

Goldman Sachs wants to expand its investment bank in Switzerland and is in the process of upgrading its trading operations in Zurich to a branch from a representative office, a source familiar with the matter said on Thursday, aas Bloomberg News reported. The change would allow Goldman Sachs to do a wider range of broker/dealer-type activities, and does not involve the New York-based bank expanding in the wealth management or advisory businesses, the person said.

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Bitcoin: Swiss startup Eidoo doesn't take care of criticism

The Eidoo ICO, which is currently unfolding, has already raised EUR 20 million (ETH 80,453) reportedly in hours across more than 10 million of the company’s EDO tokens. Those tokens can be used inside the Eidoo ecosystem, which in addition to the digital wallet extends to a decentralized blockchain-based marketplace and tools that support the use of cyrptocurencies.

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Switzerland: The new 10-franc-banknote depicts swiss talent

The Swiss National Bank on Wednesday revealed the country’s new ten franc note, which will go into circulation on October 18th. The latest in the new series of banknotes that is being issued in stages, the ten franc note follows the 50 franc and 20 franc notes that entered circulation in April 2016 and May 2017 respectively. 

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Semptember 2015
  • 24

    Two years after two historic global agreements were established, leaders and other change agents in

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    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

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    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

  • 01

    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

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