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Swiss railways forced to recruit foreign drivers

This content was published on Apr 20, 2015 The federal railways has given Basel-based firm MEV Schweiz the task of recruiting around 50 train drivers. The majority will be hired from Germany because of a bottleneck in qualified Swiss drivers. The new employees will receive additional training in Switzerland by the end of 2015. The sudden demand for drivers can be explained by…

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Switzerland set to do business with Iran

This content was published on Apr 20, 2015 An outline agreement to curb Iran’s nuclear programme was reached in Lausanne after marathon talks with six major powers on April 2. The preliminary deal, which should also provide sanctions relief for Iran, is to be implemented by June 30 as part of a more comprehensive agreement. Hopes that there will be a positive outcome…

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‘Constructive’ talks on US banks tax evasion row

This content was published on Apr 19, 2015 The minister said she had received positive signals that this year would bring solutions to the conflict, a result of the US Department of Justice (DoJ) crackdown on past tax evasion offences by American account holders at Swiss banks. Talks with DoJ representatives had been “very constructive”, she noted. She pointed to the recent example…

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Work patterns reveal gender disparity

This content was published on Apr 17, 2015 The results, released on Thursday, reveal that slightly more than a third of the Swiss labour force worked part time in 2014, an increase of almost 5% over a decade. The majority of women (60%) were engaged in part time jobs while only 16% of men chose this option. The trend of flexible working hours…

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Nescafé keeps top spot in Swiss brand ranking

This content was published on Apr 16, 2015 Switzerland’s second-largest pharmaceutical company, RocheExternal link, ranked second in the list of the top 50 Swiss brands, which was compiled by the consulting company Interbrand External linktogether with the Swiss business magazine BILANZExternal link. Interbrand reported major fluctuations in brands’ values, with sanitary technology company Gerberit External linkincreasing by 29%, Nespresso by 19% and luxury…

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Study sees opportunities in the collapse of banking secrecy

This content was published on Apr 16, 2015 The end of banking secrecy for customers in key foreign markets and restrictions due to the financial crisis have turned the industry inside out, said the study. The transformation process is still only in the beginning stages and the challenges banks face are major – even existential. The study, conducted by accountancy firm KPMG and…

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Strong franc forces a U-turn on export optimism

This content was published on Apr 16, 2015 The majority of Switzerland’s small and medium-sized businesses (SMEs) expect their exports to stagnate in the months to come as a result of the strong Swiss franc.

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Last taxi to Europe

This content was published on Apr 16, 2015 The contrast between Europe’s resistance to Uber and America’s warmer reception for the ride-sharing service highlights once again how European regulatory structures, in principle designed to protect consumers, end up protecting entrenched suppliers and stifling innovation. Alberto Heimler, professor of economics at Scuola nazionale dell’Amministrazione in Rome, shares his views on the issue. This contrast…

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Money-laundering millions head back to Brazil

This content was published on Apr 15, 2015 In 2003, the Federal Prosecutors Office opened an investigation into Brazilian nationals who held bank accounts in Switzerland. With help from Brazilian authorities, the probe was concluded in 2008 and ended with the Swiss confiscating $19.4 million in assets. Also in 2008, the Brazilians petitioned Switzerland for restitution of the confiscated assets. The Brazilian authorities…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Hunger for organic food

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Swiss railways forced to recruit foreign drivers

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Switzerland set to do business with Iran

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‘Constructive’ talks on US banks tax evasion row

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Work patterns reveal gender disparity

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Nescafé keeps top spot in Swiss brand ranking

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Study sees opportunities in the collapse of banking secrecy

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Strong franc forces a U-turn on export optimism

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Last taxi to Europe

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Money-laundering millions head back to Brazil

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