EconomyLoop
where regional business news becomes global to everyone

Cryptocurrencies accepted by Switzerland’s biggest online retailer

Switzerland’s largest online shop, Digitec Galaxus, has announced it will start accepting payments in bitcoin and other cryptocurrencies. The company, which saw turnover of close to a billion francs last year, is by far the largest Swiss retailer to ... read more

 SWISS INFO54 minutes ago

     
Report urges more sustainability from Swiss financial centre

Switzerland must make its financial centre more sustainable and transparent to ensure it doesn’t lose access to the European market, according to a report by PricewaterhouseCoopers seen by Swiss public radio, RTS.  This conclusion was part of an ass... read more

 SWISS INFO5 hours ago
Swiss cities rated most expensive in the world for fun

If it’s cheap recreation and entertainment you want, go to Zurich and Geneva – and keep going. The two Swiss cities are the dearest in the world for these two categories, according to the Worldwide Cost of Living Survey 2019.  This year’s survey, pu... read more

 SWISS INFO18 hours ago
Home owners and tenants wary of reform plans

It is a Swiss peculiarity that home owners who live in their property are subject to an additional tax as if they were renting it out. Attempts to do away with the so-called notional rental value of self-occupied homes have failed in the past despite... read more

 SWISS INFOYesterday
Government wants to privatise state-owned defence contractor

The Swiss Federal Council has decided that RUAG International, Switzerland’s state-owned arms manufacturer, should be developed into an aerospace technology group and fully privatised in the medium term.  The government has also approved unbundling ... read more

 SWISS INFOYesterday
Reflections on the lives of Syrian children in exile

It has been eight years since the start of the conflict in Syria. Herve Verhoosel, the UN World Food Programme Senior Spokesperson on the refugee crisis in Syria and the region, reflects on life for children uprooted from the war and why supporting r... read more

 SWISS INFO4 days ago
Three Swiss cities ranked in world's top 10 most livable

Mercer’s 2019 livability ranking looks at 231 cities across the globe. Vienna comes top for the tenth year in a row, while Bagdad ranks last. Three Swiss cities are among the global top ten. Zurich is 2nd, Geneva 9th and Basel 10th. Bern, a fourth Sw... read more

 LE NEWS4 days ago
Why bananas could be the fabric of the future

Cotton is the king of natural fibres, but its large water footprint can create problems in areas where it’s grown. Can Swiss experiments with fibres from banana stem, nettle, wood or flax offer better alternatives? India is one of the world’s larges... read more

 SWISS INFO4 days ago
Court confirms legal weed should be taxed as tobacco

The Federal Administrative Court has upheld a decision by Swiss customs to tax legal marijuana leaves to the same extent as tobacco. In its decision published on Wednesday, the St Gallen court said that “fake” marijuana – i.e. cannabis containing le... read more

 SWISS INFO6 days ago
Responsible business initiative heads closer to a national vote

Parliament disagrees over a proposal to hold Swiss-based multinational companies accountable for human rights and environmental violations abroad. A nationwide vote on the issue is probable. On Tuesday, the Senate, with a vote of 22 to 20, rejected... read more

 SWISS INFO7 days ago
The day Switzerland found its online voice

SWI swissinfo.ch is 20 years old today. It still fulfills the same mission as its former avatar Swiss Radio International (SRI) but by means that barely existed two decades ago. Imagine a time when there were no smartphones or tablets. Where the ... read more

 SWISS INFO7 days ago
Swiss-German venture aims to build blockchain trading marketplace

A consortium of Swiss firms has joined forces with Germany’s main stock exchange to create a distributed ledger technology (DLT) trading system that would rival one being built by the Swiss stock exchange. The alliance is between Deutsche Börse, Swi... read more

 SWISS INFO8 days ago
Women bankers criticise UBS over maternity leave cuts to bonuses

Top women bankers at UBS have criticised Switzerland’s biggest lender over its practice of using their maternity leave as a reason for imposing long-term cuts to their bonuses, raising questions over its commitment to gender equality. Some have resi... read more

 SWISS INFO8 days ago
Radioactive waste: Japan learns from Switzerland’s mistakes

How and where should countries build safe permanent storage sites for highly radioactive nuclear waste? As Japan remembers the victims of the  Fukushima power plant disaster, it is looking at the Swiss approach to the problem to figure out how to inv... read more

 SWISS INFO8 days ago
Report proposes third-class rail tickets for budget travellers in Switzerland

Swiss railway companies should introduce a third-class category for passengers on a budget, a report commissioned by the Federal Office of Transport has recommended. The NZZ am Sonntag newspaper said on Sunday that a recent federal government repor... read more

 SWISS INFO9 days ago
Swiss workplace inequality, by the numbers

Work, politics, wages: the differences between women and men in Switzerland are significant. We look at five areas in which women are still underrepresented, and how the Swiss compare internationally. Equality between women and men has long been en... read more

 SWISS INFO9 days ago
Why there is so much egg pasta in Switzerland

Strolling through the pasta aisle of a Swiss supermarket, someone new to Switzerland might conclude that the locals prefer egg pasta over the eggless variety. And, while that might to some extent be true, there is another reason. Every year, Swiss eg... read more

 LE NEWS10 days ago
Swiss rule out relaxing Airbnb renting rules

There will be no easing the regulations over subletting - tenants must still seek permission from their landlord every time they want to rent via online platforms like Airbnb, the government has said. The government had proposed relaxing the current... read more

 SWISS INFO11 days ago
Happy birthday swissinfo.ch!

SWI swissinfo.ch is celebrating its 20th anniversary. Directors and editors from all units of the Swiss Broadcasting Corporation SRG SSR have sent us their personal congratulations.... read more

 SWISS INFO11 days ago
More electric vehicle charging stations to be built

The Swiss government has awarded concessions to five companies to set up additional electric charging stations at 100 rest areas along the country’s motorways. The decision, announced by the Federal Roads Office on Thursday, is part of government pl... read more

 SWISS INFO11 days ago
Mothers face double-edged sword in Swiss workplace culture

Switzerland’s part-time work options can be both a blessing and a curse for working mothers. More women are now calling for an end to a stigma on mothers in the workplace that is holding their careers and the country back. Ingrid Bringas’ career was... read more

 SWISS INFO11 days ago
Percentage of men in workforce declines in Switzerland

Recently published figures show a 7% decline in the percentage of men in Switzerland’s workforce between 1991 and 2018. The workforce figures, which include the unemployed, show a fall in male workforce participation from 81% to 74%, a 7% decline ove... read more

 LE NEWS12 days ago
Taxing airline tickets is an ‘absurd’ idea

Switzerland, like many other nations, is wrestling with how to curb greenhouse gas emissions caused by air traffic. A Swiss aviation expert outlines how the sector is combatting emissions.  The Swiss love to fly, much more than other Europeans. On a... read more

 SWISS INFO12 days ago
Parliament agrees to tackle medical errors in hospitals

A panel of experts is to oversee quality standards in Swiss hospitals and doctors’ practices in a bid to avoid medical errors. Parliament decided in principle to set up a government-appointed commission, made up of medical experts, insurance compani... read more

 SWISS INFO13 days ago
The growing Swiss love affair with 4x4s

The Swiss seem to be falling more and more in love with big powerful cars with four-wheel-drive performance. Fans claim they are safer and useful for big families and when in the mountains. But what about their environmental impact?  2018 was a bump... read more

 SWISS INFO13 days ago
How to set aside CHF1,000

The latest version of the world’s most valuable banknote has been unveiled. How much effort does it take to earn or save enough for one? There’s something regal about Switzerland’s purple 1,000-franc note. Part of the cachet of this seldom-seen slip... read more

 SWISS INFO14 days ago
Going shopping with the 1000-franc note

What happens when you try to buy a coffee, some flowers or a book with the new 1000-franc note, Switzerland's largest-denomination currency?... read more

 SWISS INFO14 days ago
Big bridges in the Big Apple

“Gateways to New York” is a documentary about Swiss engineer Othmar Ammann, who might be an unsung hero today, but he certainly wasn’t when he was building many of New York’s most iconic bridges.  His works include George Washington Bridge, Bayonne ... read more

 SWISS INFO16 days ago
Switzerland’s first electric sports car revealed

The first pictures of the electric prototype Piëch Mark Zero have been released. The sporty two-seater, built by a Swiss company, has been launched at the Geneva International Motor Show.  Anton Piëch has petrol in his blood: he’s the son of Ferdina... read more

 SWISS INFO16 days ago
Divorce, university rankings and illicit weapons

Almost every article published by swissinfo.ch contains a percentage, an age, an amount of money or some other figure. Here’s a round-up of some of the most interesting statistics to appear in the past week’s stories. Tuesday 16,200 The number of... read more

 SWISS INFO16 days ago
Swiss researchers see promise in natural pest control methods for corn

Researchers at the University of Neuchâtel have discovered two effective natural methods for fighting one of the most destructive pests ravaging corn in North America and spreading across Europe. This could unlock opportunities to reduce pesticide de... read more

 SWISS INFO17 days ago
On the road with Switzerland's public broadcaster

Switzerland has a long history of public media – and the challenge of keeping it current for future generations. The range of programming produced by the Swiss Broadcasting Corporation (SBC) is varied, especially considering the fact that the budget... read more

 SWISS INFO17 days ago
Bell forging: a dying art

When the Silvesterchläuse (New Year’s Mummers) in Urnäsch, canton Appenzell Outer Rhodes, parade from house to house, they can be heard ringing and jingling from far away. Peter Preisig makes these traditional hand-made bells. He is one of the few re... read more

 SWISS INFO18 days ago
Homosexuality is no longer taboo in classrooms

The ABQ association has been criss-crossing schools in cantons Bern and Fribourg for 20 years, talking about sexual orientation. The aim is to let pupils chat with young gay people and above all ask them questions, helping to create a climate of tole... read more

 SWISS INFO18 days ago
How French authorities used a whistleblower to sting UBS bankers

In May 2011, a scared employee from Swiss bank UBS was summoned without warning or explanation to meet French government officials outside the Louis Vuitton store on the Champs-Elysées in Paris.  From there she was shuttled to the back of a large de... read more

 SWISS INFO18 days ago
Federal Court rejects complaint against Volkswagen importer

Switzerland’s highest court has dismissed a legal complaint by a consumer group against Amag, an importer of German Volkswagen diesel cars into Switzerland, linked to the emissions-rigging scandal.  The Federal Court rejected an appeal by the SKS co... read more

 SWISS INFO18 days ago
Good year for Swiss economy in 2018

After some years of steady but low growth, the Swiss economy expanded by 2.5% in 2018 on the back of a positive global situation. The figures, released on Thursday by the Swiss State Secretariat for Economic Affairs (SECO), showed growth last year t... read more

 SWISS INFO19 days ago
Kashmir conflict disrupts European air travel

As tensions continue to mount in Kashmir, Swiss and other European airlines have been forced to delay and reroute flights because of the disputed airspace. Pakistan reportedly closed its airspace on Wednesday following military skirmishes with neigh... read more

 SWISS INFO19 days ago
Inside IKEA: a furniture store on a social mission

The big blue and yellow storefront is unmistakable in more than 50 countries. While distinctly Swedish, IKEA has a long and rich history in Switzerland. Now it is trying to rally other companies in the country around gender equality. Will they listen... read more

 SWISS INFO21 days ago
Reforming the WTO: the Swiss view

The crisis-hit World Trade Organization (WTO) is going through difficult times. World leaders have committed to an overhaul of the Geneva-based institution, but it is unclear what the future holds. Swiss ambassador to the WTO Didier Chambovey gives h... read more

 SWISS INFO21 days ago
Swiss weapons exports increase 14%

Swiss companies last year exported government-approved war materiel to 64 countries with a total value of CHF510 million ($510 million), 14% more than the previous year.  Germany was the largest customer, taking deliveries worth CHF118 million, foll... read more

 SWISS INFO21 days ago
Cable car to be built between Switzerland and Italy

A one-hour cable-car ride between ski stations in Switzerland and Italy has been given the green light. The highest crossing in the Alps is set to open in 2021. Construction can begin on the Alpine Crossing project between the resorts of Zermatt and... read more

 SWISS INFO21 days ago
Swiss private banking giant dips toes into crypto scene

One of Switzerland’s largest banks, Julius Baer, has entered the cryptoassets world by announcing a partnership with budding crypto bank start-up SEBA. While other Swiss banks, such as Vontobel, Falcon and Swissquote, are already active in the space... read more

 SWISS INFO21 days ago
Tourists continue to flock to Switzerland

The number of overnight stays in Swiss hotels increased by 3.8% last year to 38.8 million.  Domestic tourism also registered a rise with 17.7 million stays by Swiss guests – up 2.7% on the previous year – Switzerland Tourism said at its annual press... read more

 SWISS INFO21 days ago
Swiss blockchain exchange ‘on track’ despite ‘flexible’ timetable

The Swiss stock exchange’s new distributed ledger technology (DLT) trading platform may be arriving slightly later than anticipated. But operator SIX Group says the Swiss Digital exchange (SDX) will still be well placed to take advantage of a securit... read more

 SWISS INFO21 days ago
GE, Roche, Spark: flair for genes

The fear of missing out is a powerful motivator. Dealmaking in healthcare is often fuelled by a drive to outbid rivals for cutting-edge technology.  Two transactions on Monday built on more than $100 billion of deals since the start of the year. Th... read more

 SWISS INFO21 days ago
When parliament square becomes a market

The big square in front of parliament in Bern turns twice a week into a market. There you can find everything: Sauerkraut from Gurbetal, Vacherin cheese from Freibourg, bread from wood-fired ovens and local ham. Sometimes a government member even com... read more

 SWISS INFO22 days ago
When Zurich was bombed and how IKEA puts its Swiss house in order

These are the stories from Switzerland we’ll be looking at during the week of February 25, 2019. Monday Last year, Switzerland was shocked to learn of an attempt by Russian agents to spy on a Swiss laboratory which had analysed suspected poison ... read more

 SWISS INFO23 days ago
A new newspaper for western Switzerland

"Micro" is the new newspaper for western Switzerland, staffed by former journalists from the popular French-language Le Matin tabloid, which printed its final paper edition last July. (SRF/swissinfo.ch)... read more

 SWISS INFO23 days ago
Tax, pensions, asylum seekers and fines big and small

Almost every article published by swissinfo.ch contains a percentage, an age, an amount of money or some other figure. Here’s a round-up of some of the most interesting statistics to appear in the past week’s stories. Monday 2 Two ministers fo... read more

 SWISS INFO24 days ago