EconomyLoop
where regional business news becomes global to everyone

Swiss gender pay gap only 2 percent, says study

A report published by the head hunting firm Korn Ferry finds pay differences between men and women doing the same job are statistically insignificant. The report says that while it is true that, as a group, women get paid less than men, it is not bec... read more

 LE NEWS8 hours ago

     
Swiss gender pay gap only 2 percent, says study

A report published by the head hunting firm Korn Ferry finds pay differences between men and women doing the same job are statistically insignificant. The report says that while it is true that, as a group, women get paid less than men, it is not bec... read more

 LE NEWS8 hours ago
Swiss fintech steps up global hub drive

Switzerland has attracted another cryptocurrency start-up to its ranks, in the shape of Breadwallet, as it strives to become one of the hottest global centres of the financial technology (fintech) revolution. “Switzerland has emerged as a hotbed of ... read more

 SWISS INFO15 hours ago
Swisscom accused of huge roaming charge rip-off

The Swiss consumer protection agency says it will file criminal charges against Swisscom for an alleged roaming charge rip-off that is said to have netted the telecommunications giant millions of francs at customers’ expense. Swisscom has flatly rej... read more

 SWISS INFO17 hours ago
Court upholds fines for leaking ex-SNB chairman’s bank details

Switzerland’s highest court has imposed suspended fines on a local politician and a former bank worker for leaking the personal bank transactions of former Swiss National Bank (SNB) chairman Philipp Hildebrand. The leak forced Hildebrand to resign in... read more

 SWISS INFO21 hours ago
‘Chinese trains could one day travel through the Gotthard’

Chinese trains are on track to be a major force in the European market, says Cui Jun, a Swiss-based railway expert and consultant. She tells swissinfo.ch about cultural differences, accusations that China stole Swiss technology, and why Chinese high-... read more

 SWISS INFO21 hours ago
Swiss business lobby rejects idea of ‘robot tax’

The Swiss Business Federation (economiesuisse) rejects imposing a so-called robot tax on companies to make up for lost income taxes as workers are gradually replaced by machines. Rather than focusing on a robot tax, Switzerland should encourage the... read more

 SWISS INFOYesterday
Swiss firms face greater shareholder opposition

Shareholder rebellion over executive pay at Credit Suisse earlier this year is just one example of growing dissent by Swiss company owners. While annual general meetings are hardly a hotbed of revolutionary unrest, shareholders are slowly - but perce... read more

 SWISS INFOYesterday
Payerne Airport finally starts to take off

After years of negotiations, Payerne’s regional civilian airport and future business aviation hub is starting to take shape. The first stone of an airport building in northwest Switzerland has been laid. “It’s a day of celebration and joy,” Fribour... read more

 SWISS INFOYesterday
Swiss eggs confirmed free from insecticide Fipronil

The Federal Food Safety and Veterinary Office has given the all-clear to Swiss eggs after a series of random tests. Traces of the insecticide fipronil were found in eggs imported from the Netherlands earlier this month.  A total of 48 Swiss eggs sel... read more

 SWISS INFO2 days ago
Creating a new generation of farmers

... read more

 SWISS INFO2 days ago
Insect balls and burgers go on sale in Switzerland

Edible insects have made their debut on Swiss supermarket shelves. The selection includes burgers and balls made with mealworms.  On Monday, Swiss retailer Coop introduced the new products at seven of its larger branches around the country: in Basel... read more

 SWISS INFO2 days ago
Stories making the Swiss Sunday papers

A wide range of topics occupied Swiss newspapers this weekend, from Swiss investments in US arms companies and requirements for FIFA World Cup host countries, to what to do in the event of a terror attack. A critique of Geneva’s relationship with the... read more

 SWISS INFO3 days ago
Vote topics, witches and the Unspunnen Festival

Here's a selection of the stories we will be bringing you in the upcoming week. Monday It’s been more than 200 years since Europe’s “last witch”, Anna Göldi, was executed in Switzerland. She was officially exonerated in 2008 and her name lives on... read more

 SWISS INFO3 days ago
Jacqueline Tschumi: "Not much flexibility in daily work life"

Five years ago, she left for Japan on a diplomatic internship and fell in love with her new home. Now, Jacqueline Tschumi has no desire to return to Switzerland. But the 32-year-old does miss Swiss efficiency and quick access to the great outdoors. ... read more

 SWISS INFO3 days ago
Swiss scientists use coffee for a new kind of energy boost

Researchers have found a way to produce high-quality methane gas – a main component of the natural gas used for energy – from the coffee grounds left behind after instant coffee production. The breakthrough was made as part of a pilot project by res... read more

 SWISS INFO4 days ago
Expat delegates give pension reform thumbs up

Delegates of the Swiss Abroad Council have clearly come out in favour of a reform of the country’s old age pension scheme, which will come to a nationwide vote next month. Meeting in Basel on Friday, a majority of 80 members of the assembly recommen... read more

 SWISS INFO5 days ago
Mistreated horses sold off at auction

Horse fans gathered in Schönbühl near Bern for a special auction to find new homes for a number of mistreated horses. The star was stud horse Charlie, a rare Swiss breed. (SRF/swissinfo.ch) In early August, the police in northeastern Switzerland det... read more

 SWISS INFO5 days ago
Swiss companies pull out of Venezuela

Swiss firms have been cutting hundreds of jobs in long-established branch offices in Venezuela, as the oil-producing country experiences an economic and political crisis.  “The disaster – economic, social, political and humanitarian – which is engul... read more

 SWISS INFO5 days ago
Halal and kosher meat might fall under proposed Swiss animal cruelty import restrictions

A motion adopted by Switzerland's parliament on 7 June 2017 proposes halting the import the meat of mistreated animals. The work of Matthias Aebischer, a socialist member from the canton of Bern, was originally focused on foie gras, frogs legs and fu... read more

 LE NEWS5 days ago
Pension reform vote looks set for close result

Most Swiss citizens support reform of the old age pension system and the necessary increase in Value Added Tax (VAT), according to an opinion poll. But there is strong opposition against the plans, which will come to a nationwide vote next month. Su... read more

 SWISS INFO6 days ago
Swiss abroad pressure banks at home

The Organisation of the Swiss Abroad (OSA) is putting political pressure on Swiss banks for their treatment of Swiss clients living abroad. Specifically, OSA is calling for legislative changes.  “We have to teach the banks that the 775,000 Swiss abr... read more

 SWISS INFO6 days ago
Historic building rolls downhill

This week a 140-year-old mansion in northeast Switzerland was moved 20 metres downhill. Swiss television went behind the scenes of the spectacular operation. (SRF/swissinfo.ch) The historic Jakob mansion in St Gallen had to make space for the constr... read more

 SWISS INFO6 days ago
Swiss asset manager settles US tax evasion charges

The Geneva asset management firm Prime Partners has agreed to pay $5 million (CHF4.8 million) to the United States to settle charges for tax evasion and assisting US taxpayers in opening and maintaining undeclared foreign bank accounts from 2001 to 2... read more

 SWISS INFO6 days ago
Best places to live in Switzerland

The lakeside communities of Rüschlikon, Meggen and Zug have been voted the most attractive places to live in Switzerland in an annual survey. The usual ‘quality of living’ survey winners – Zurich and Geneva –appear far down the ranking.  You may be ... read more

 SWISS INFO6 days ago
Swiss tourist industry challenged by cultural differences

The recent incident at an Arosa hotel, which had put up a sign instructing Jewish guests to shower before using the swimming pool, has raised the question of how well Swiss hotel and tourism staff are geared up to cater for visitors from other cultur... read more

 SWISS INFO6 days ago
Suspected Swiss spy indicted in Germany

German prosecutors indicted a Swiss man on espionage charges in a case involving alleged spying on German tax officials, authorities in Karlsruhe, Germany said on Wednesday. The politically charged case focuses on a 54-year-old man identified only a... read more

 SWISS INFO6 days ago
Progress in Swiss and European Union emissions deal

The Swiss cabinet approved a deal on Wednesday that would link the carbon emissions trading systems of Switzerland and the European Union, capping six years of negotiations linked to improving business and the health of the planet. The deal could be... read more

 SWISS INFO6 days ago
Trial in failed attack on Zurich-based paper

Fifteen years after a grenade hidden inside a package failed to detonate as planned, the alleged perpetrator of the attempted 2002 attack on an Albanian-language newspaper in Zurich faces trial. The attempted bombing of the Zurich-based Kosovo newsp... read more

 SWISS INFO6 days ago
Enshrining food security, from the farm to the fork

Voters will have the final say an integral plan for ensuring Swiss food security on September 24. The content of the text spans the entire agricultural and food-supply chain. Opposition against the amendment is very limited and seen as merely cement... read more

 SWISS INFO6 days ago
Enshrining food security, from the farm to the fork

Voters will have the final say an integral plan for ensuring Swiss food security on September 24. The content of the text spans the entire agricultural and food-supply chain. Opposition against the amendment is very limited and seen as merely cement... read more

 SWISS INFO6 days ago
Trial in failed attack on Zurich-based paper

Fifteen years after a grenade hidden inside a package failed to detonate as planned, the alleged perpetrator of the attempted 2002 attack on an Albanian-language newspaper in Zurich faces trial. The attempted bombing of the Zurich-based Kosovo newsp... read more

 SWISS INFO7 days ago
Progress in Swiss and European Union emissions deal

The Swiss cabinet approved a deal on Wednesday that would link the carbon emissions trading systems of Switzerland and the European Union, capping six years of negotiations linked to improving business and the health of the planet. The deal could be... read more

 SWISS INFO7 days ago
Swiss tourist industry challenged by culture differences

The recent incident at an Arosa hotel, which had put up a sign instructing Jewish guests to shower before using the swimming pool, has raised the question of how well Swiss hotel and tourism staff are geared up to cater for visitors from other cultur... read more

 SWISS INFO7 days ago
Suspected Swiss spy indicted in Germany

German prosecutors indicted a Swiss man on espionage charges in a case involving alleged spying on German tax officials, authorities in Karlsruhe, Germany said on Wednesday. The politically charged case focuses on a 54-year-old man identified only a... read more

 SWISS INFO7 days ago
Indian arms dealer’s Swiss accounts under scrutiny

Swiss authorities have received requests for information concerning possible Swiss bank accounts of Indian defence deals broker Sanjay Bhandari. He is under investigation for allegedly helping Swiss firm Pilatus secure an order for 75 training aircra... read more

 SWISS INFO7 days ago
Jumbolinos wheeled out to pasture

Swiss International Air Lines has for the last time flown passengers in an Avro RJ100, fondly called a Jumbolino by many pilots, flight attendants and passengers. The full plane, which flew from London to Zurich on Monday night, carried 81 passengers... read more

 SWISS INFO7 days ago
Swiss expats in fighting spirit over banking service

The Swiss expatriates are turning up the heat on Swiss institutions to grant discrimination-free access to financial services. The issue has plagued the community for nearly a decade. “Enough is enough,” says Ariane Rustichelli, director of the Orga... read more

 SWISS INFO7 days ago
Swiss expats feel ‘messed around’ by banks

Accounts are either closed or suddenly subjected to an additional bank charge of almost CHF500 ($518) a year. For Swiss living abroad, it is becoming increasingly difficult to keep an account at home. Claude Ruchti* is extremely disappointed. The 55... read more

 SWISS INFO7 days ago
Swiss hotel sign asking Jews to shower sparks controversy

A hotel in the Swiss mountain resort of Arosa is under fire after it posted a sign telling Jewish guests to shower before swimming – sparking outrage among guests and an official complaint from the Israeli foreign ministry.  The notice has since bee... read more

 SWISS INFO7 days ago
Passengers may pay price for Air Berlin strife

Airline passengers in Switzerland are bracing themselves for a hike in prices for flights to Germany following the insolvency of budget carrier Air Berlin. The airline had been running at a loss for several years, prompting owner Etihad to pull the p... read more

 SWISS INFO7 days ago
Arosa hotel tries to limit ‘anti-Semitism’ damage

A hotel in the Swiss mountain resort of Arosa is trying to minimise the fall-out caused when it posted a sign telling Jewish guests to shower when using the swimming pool. The hotel and the local tourism board is talking of an unfortunate mistake; Je... read more

 SWISS INFO7 days ago
Arosa hotel tries to limit ‘anti-Semitism’ damage

A hotel in the Swiss mountain resort of Arosa is trying to minimise the fall-out caused when it posted a sign telling Jewish guests to shower when using the swimming pool. The hotel and the local tourism board is talking of an unfortunate mistake; Je... read more

 SWISS INFO7 days ago
Balls or burgers - insect products coming to Swiss supermarkets soon

Would you eat balls made from insects? Last year the Swiss supermarket Coop applied for authorisation to sell insect based products. Then on 14 August 2017 it announced a limited number of its stores and its delivery service Coop@home would start sel... read more

 LE NEWS7 days ago
Passengers may pay price for Air Berlin strife

Airline passengers in Switzerland are bracing themselves for a hike in prices for flights to Germany following the insolvency of budget carrier Air Berlin. The airline had been running at a loss for several years, prompting owner Etihad to pull the p... read more

 SWISS INFO7 days ago
Farm subsidy cuts for animal mistreatment supported by Swiss Farmers' Union

According to 20 Minutes, Jacques Bourgeois, the director of the Swiss Farmers' Union, supports sanctioning farmers who fail to treat their animals properly by cutting the farm subsidies they receive from the Swiss government. In 2015, producer suppor... read more

 LE NEWS8 days ago
Swiss hotel sign asking Jews to shower sparks controversy

A hotel in the Swiss mountain resort of Arosa is under fire after it posted a sign telling Jewish guests to shower before swimming – sparking outrage among guests and an official complaint from the Israeli foreign ministry.  The notice has since bee... read more

 SWISS INFO8 days ago
Swiss expats feel ‘messed around’ by Swiss banks

Accounts are either closed or suddenly subjected to an additional bank charge of almost CHF500 ($518) a year. For Swiss living abroad, it is becoming increasingly difficult to keep an account at home. Claude Ruchti* is extremely disappointed. The 55... read more

 SWISS INFO8 days ago
Swiss expats in fighting spirit over banking service

The Swiss expatriates are turning up the heat on Swiss institutions to grant discrimination-free access to financial services. The issue has plagued the community for nearly a decade. “Enough is enough,” says Ariane Rustichelli, director of the Orga... read more

 SWISS INFO8 days ago
Jumbolinos wheeled out to pasture

Swiss International Air Lines has for the last time flown passengers in an Avro RJ100, fondly called a Jumbolino by many pilots, flight personnel and passengers. The full plane, which flew from London to Zurich on Monday night, carryied 81 passengers... read more

 SWISS INFO9 days ago