EconomyLoop
where regional business news becomes global to everyone

Gene editing leads to faster production of food-friendly cassava

Zurich researchers have used gene-editing technology to develop a variant of the starchy tuber cassava that is much easier to process for the food and paper industries. Until now, complex and energy-intensive industrial processes have been required... read more

 SWISS INFO16 days ago

     
Swiss minister keeps eye on Chinese company takeover policy

Chinese companies are free to acquire counterparts in Switzerland, but China imposes restrictions on its soil. Swiss Economics Minister Johann Schneider-Ammann says he will push for a level playing field during a forthcoming trip to China. But Schne... read more

 SWISS INFO16 days ago
Delicate dance between Swiss multinationals and Trump

You asked. We answered. swissinfo.ch reader Rob Benz asked us what multinational companies in Switzerland think of Trump. The answer: it’s complicated. Swiss companies are uncomfortable with US President Trump’s brash style, but they aren’t so quick ... read more

 SWISS INFO17 days ago
Google: 20 years of media and advertising disruption

As Google celebrates its 20th birthday, Swiss public television, SRF, asked various experts how the company has influenced the media and advertising landscape in Switzerland. Google has not only changed the world but also transformed the Swiss adver... read more

 SWISS INFO17 days ago
Government announces plans to curb cartel-driven prices

The Federal Council has drafted a counter-proposal to the so-called ‘Fair Price’ initiative that wants to tackle high prices in Switzerland by limiting the power of big importers and their foreign suppliers. Judging the demands of the initiators – ... read more

 SWISS INFO17 days ago
Credit Suisse freezes $5 billion in US-Russia sanctions move

The Swiss Credit Suisse bank froze some CHF5 billion ($5 billion) of assets linked to Russia earlier this year in an effort to toe the line with US sanctions levied against Moscow. The bank froze the funds in the second quarter of 2018, according t... read more

 SWISS INFO17 days ago
Swiss satellite tech to improve weather forecasting from space

The European Space Agency’s Aeolus satellite has been launched into polar orbit. Aeolus, which is carrying Swiss technology, will measure winds around the globe and play a key role in understanding the workings of the atmosphere.  The mission also a... read more

 SWISS INFO17 days ago
Politics: when the losers come out on top

Radical political ideas can help bring about changes, even when they are roundly rejected at the ballot box in Switzerland’s system of direct democracy. The abolition of the Swiss army was shot down by two-thirds of voters in 1989, two years ago the... read more

 SWISS INFO17 days ago
Golden opportunity for fragmented Swiss private banks

The time is ripe for Swiss private banks to make the most of the best market conditions since the financial crisis, says KPMG. But the consultancy firm fears that not all banks are positioned to make hay while the sun starts to shine again on the ind... read more

 SWISS INFO17 days ago
Illegal price fixing casts shadow on Swiss construction sector

Switzerland’s Competition Commission (COMCO) published on Thursday a 300-page report on illegal price fixing in the Swiss Alps. The report details how construction companies in the Lower Engadin, a region in southeast Switzerland, have manipulated t... read more

 SWISS INFO17 days ago
Swiss farmers told to adapt to the heat or go bust

As Switzerland experiences the driest summer since records began, agricultural scientist Urs Niggli says farmers, who have seen significant crop failure, must adapt in order to survive.  Drought conditions in recent months have seen wide-ranging ban... read more

 SWISS INFO17 days ago
Locarno Film Festival’s new director announced

Frenchwoman Lili Hinstin is to head Switzerland’s premier film festival in Locarno. She replaces Carlo Chatrian will co-direct the prestigious Berlin International Film Festival. The appointment of Hinstin, who previously worked as the artistic dir... read more

 SWISS INFO17 days ago
Switzerland’s love affair with multinationals

Switzerland is home to some of the largest global companies. It has one of the highest concentrations of Fortune 500 companies in the world – nearly two for every million people. Low taxes, a skilled labour force, and economic stability have helped ... read more

 SWISS INFO17 days ago
Bridge safety and banking success

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 the most interesting statistics to appear in the past week’s stories. Sunday 40 An estimated 1% of Switzerl... read more

 SWISS INFO17 days ago
World’s steepest funicular puts Stoos back on the tourist map

Straight up to the top of the mountain: the Stoos funicular railway gives you the steepest ascent of its kind in the world. For the little Alpine village in central Switzerland, it has meant a comeback as an international tourist destination.  The e... read more

 SWISS INFO17 days ago
'Fake news', therapy animals and binational heartbreak

Here are some of the stories we'll be following the week of August 27: Monday  From “fake news” to the loss of readers and advertisers, the list of challenges facing the media sector is long and daunting. Enter the new Initiative for Med... read more

 SWISS INFO17 days ago
US ambassador: free trade deal would be ‘a good thing’

Ed McMullen, the United States ambassador to Switzerland, has encouraged Switzerland to start fresh free trade negotiations with the US, in an interview in the Sunday press. A free trade agreement would be a good thing, he told the NZZ am Sonntag. U... read more

 SWISS INFO17 days ago
Embattled news industry finds allies in ivory tower

From “fake news” to the loss of readers and advertisers, the list of challenges facing the media sector is long and daunting. Enter the new Initiative for Media Innovation, which wants to find novel ways to help outlets thrive in the digital age. Mo... read more

 SWISS INFO17 days ago
Government reinforces critical infrastructure against cyber attacks

In the wake of several major cyber security attacks, the government has released minimum standards for companies and organisations to help protect the country’s critical energy, food, and water infrastructure. Some critics question whether a minimum ... read more

 SWISS INFO17 days ago
COMCO declines to investigate watchmakers over cartel claims

The Swiss Competition Commission (COMCO) has decided not to open a formal investigation into watchmakers including Swatch, LVMH and Richemont over the supply of spare parts for independent watch repair shops.  Citing a separate European Commission d... read more

 SWISS INFO17 days ago
Why we need the WTO

Global trade is under threat. Whether or not you call the current situation a trade war, certainly the first shots have been fired. This calls for our attention, and most importantly, our action. World Trade Organization (WTO) data show a marked ... read more

 SWISS INFO17 days ago
Ex-Gunvor trader puts company under the spotlight

A former employee of the Geneva-based commodities trader Gunvor has been handed an 18-month suspended sentence as part of a plea bargain for corruption activities in the Republic of the Congo and Côte d’Ivoire.  On Tuesday, the Federal Administrativ... read more

 SWISS INFO17 days ago
Swiss cantons forced to fish for multinationals with non-tax lures

Proposed changes to Switzerland’s tax rules could have a dramatic effect on which cantons remain attractive locations for multinational companies in future. As a result, factors such as the cost of premises or concentration of high tech facilities, w... read more

 SWISS INFO17 days ago
US fines Basel Cantonal Bank for tax evasion role

Basel Cantonal Bank has become the latest Swiss financial institution to accept a fine for helping United States citizens to evade taxes. The bank was forced to pay a total of $60.4 million (CHF58.9 million) in penalties to settle the case without ha... read more

 SWISS INFO17 days ago
Eye on the Multinationals: Your questions become our stories

??????? Do you work for or would like to work for a multinational company? Are you concerned about the impact of multinational companies at home and abroad? Send us your questions and we’ll investigate. Multinational companies are big business in ... read more

 SWISS INFO17 days ago
Swiss government plans funding boost for newsmakers

Switzerland’s government plans to support reliable news on local and regional broadcasters through financial help to the Swiss news agency Keystone-SDA.  Up to CHF2 million ($2 million) from public licence fees may be available to the agency on cert... read more

 SWISS INFO17 days ago
Swiss spend the most on health care

The Swiss spend more from their own pockets for health care than any other nation, according to a survey for the price comparison website Comparis. Providers of supplementary health insurance are the biggest beneficiaries.  The Comparis survey found... read more

 SWISS INFO17 days ago
Whatever happened to: Saturday morning school?

We asked you to get nostalgic and send in memories of anyone or anything that reminded you of Switzerland – and you didn’t let us down. Here are some of the best posts, with responses.  This is a follow-up to an article, published on Swiss National ... read more

 SWISS INFO17 days ago
SkyWork lands its last ever plane in Bern Airport

The last SkyWork flight landed in Bern Airport on Wednesday night, as ongoing financial difficulties forced the company to declare itself bankrupt. Some 11,000 passengers are affected. The company, founded in 1983, said that negotiations with a pot... read more

 SWISS INFO17 days ago
Ongoing roadblocks stifle growth of Swiss banks

Swiss banks are withstanding the pressure of ongoing headwinds, but real progress continues to be stalled by political and economic roadblocks, the Swiss Bankers Association (SBA) said on Thursday. Releasing its annual Banking Barometer, which measu... read more

 SWISS INFO17 days ago
Drought-affected Alps no longer need army help

The Swiss army has stopped its operation to transport – and airlift – water to livestock in summer alpine pastures, which were hard hit by the recent heatwave. In a statement on Friday, the defence ministry said that the army helicopters alone had ... read more

 SWISS INFO17 days ago
Stranded SkyWork passengers to get reduced tickets

Passengers whose return flights were affected by the bankruptcy of the SkyWork airline will be able to buy cut-price tickets from four other airlines, under a deal announced Friday by the Federal Office of Civil Aviation (FOCA). FOCA said that it h... read more

 SWISS INFO17 days ago
Bitcoin Suisse's Nikolajsen on the future of cryptocurrencies

He's been variously described as the "grand old man" of Zug's Crypto Valley, the "bitcoin pirate" and Switzerland's "bitcoin billionaire". In a live interview on Facebook with swissinfo.ch, Niklas Nikolajsen told Matthew Allen what makes him tick an... read more

 SWISS INFO17 days ago
Minister says state-guaranteed cantonal banks complicate EU talks

Swiss finance minister Ueli Maurer says state-guaranteed cantonal banks are an obstacle in ongoing negotiations with the European Union. “This point still needs to be clarified before a framework agreement can be accepted,” the minister is quoted as... read more

 SWISS INFO17 days ago
Jobs for graduates and water for alpine pastures

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 the most interesting statistics to appear in the past week’s stories. Monday 95 The percentage of Swiss uni... read more

 SWISS INFO17 days ago
The Swissair flight 111 crash: causes and consequences

On September 2, 1998, 229 people died when Swissair flight 111 crashed into the Atlantic off Nova Scotia. Twenty years on, swissinfo.ch looks back at the worst accident in Swiss civil aviation history and the consequences both for airline safety and ... read more

 SWISS INFO17 days ago
Novartis chief hints at job cuts in Switzerland

The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based company wants to streamline its production sites and administration worldwide. "This will... read more

 SWISS INFO17 days ago
DHL scaling up Switzerland operations

Swiss Post is facing competition in the booming parcels delivery market. Starting in September, the Deutsche Post subsidiary DHL will supply all private households in Switzerland, the SonntagsZeitung reported on Sunday. DHL Express mainly supplies c... read more

 SWISS INFO17 days ago
Baselworld heeds calls to change after Swatch exit

Michel Loris-Melikoff had been in his new job for just a few weeks when the bad news broke. Swatch Group was pulling out of one of the most important events in the calendar of the world’s watchmakers — the annual Baselworld trade show, where Mr Loris... read more

 SWISS INFO17 days ago
Germany drops spy case against Swiss secret serviceman

The German authorities have closed the case against the deputy head of Switzerland’s secret service. Paul Zinniker had been accused of commissioning a spy to gather intelligence on Germany’s tax collectors.  Germany dropped the case in June because ... read more

 SWISS INFO17 days ago
Swiss press paints Muslims in negative light

Most Swiss newspaper articles on Muslims convey a negative story, according to a recent study. Since 2015, more than half (54%) of all articles in Switzerland’s leading newspapers on the religious minority group have been about radicalisation and ter... read more

 SWISS INFO17 days ago
'You know what - I've climbed Everest!'

Many people change their professions when they move to Switzerland from another country. It can be because their qualifications are not recognised, or because it’s a good moment to try something new. Billi Bierling was a translator in London, but now... read more

 SWISS INFO17 days ago
Loopholes allow Swiss weapons producers to massage export rules

Weapons exporters already exploit enough regulatory loopholes to make a proposed relaxation of the Swiss arms trade a largely academic exercise, according to a Federal Audit Office (FAO) report. In June, the government proposed allowing weapons to b... read more

 SWISS INFO17 days ago
Credit Suisse sackings offer hopeful example on sexual misconduct

Back in the spring, Credit Suisse boss Tidjane Thiam wrote an emollient letter to a former employee who had complained of a sexual assault by a manager. He pledged to investigate CS’s handling of the 2010 incident, and put the bank’s most senior woma... read more

 SWISS INFO17 days ago
Shared bikes, vandalism, and public space in the Swiss capital

Bern has seen an explosion in the number of cyclists on its streets in recent years – an increase actively encouraged by city authorities, but not by everyone. Bernese commuters, who according to one recent estimate are forced to endure the world’s... read more

 SWISS INFO17 days ago
Credit Suisse sackings offer hopeful example on sexual misconduct

Back in the spring, Credit Suisse boss Tidjane Thiam wrote an emollient letter to a former employee who had complained of a sexual assault by a manager. He pledged to investigate CS’s handling of the 2010 incident, and put the bank’s most senior woma... read more

 SWISS INFO17 days ago
Shared bikes, vandalism, and public space in the Swiss capital

Bern has seen an explosion in the number of cyclists on its streets in recent years – an increase actively encouraged by city authorities, but not by everyone. Bernese commuters, who according to one recent estimate are forced to endure the world’s... read more

 SWISS INFO17 days ago
Loopholes allow Swiss weapons producers to sidestep export rules

Weapons exporters already exploit enough regulatory loopholes to make a proposed relaxation of the Swiss arms trade a largely academic exercise, according to a Federal Audit Office (FAO) report. In June, the government proposed allowing weapons to b... read more

 SWISS INFO18 days ago
Novartis chief hints at job cuts in Switzerland

The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based company wants to streamline its production sites and administration worldwide. "This will... read more

 SWISS INFO18 days ago
DHL scaling up Switzerland operations

Swiss Post is facing competition in the booming parcels delivery market. Starting in September, the Deutsche Post subsidiary DHL will supply all private households in Switzerland, the SonntagsZeitung reported on Sunday. DHL Express mainly supplies c... read more

 SWISS INFO18 days ago