Archive – Multinational Companies

Switzerland responsible for $13 billion in losses to tax evasion globally

This content was published on Mar 14, 2021 Switzerland benefits from tax abuse by companies and individuals to the tune of around $12.8 billion according to a new global ranking.

Ruag plans to pull out of defence and focus on space

This content was published on Mar 10, 2021 Ruag International has said it wants to divest its defence-related divisions to focus on the booming space market.

No more free rides in free trade deals

This content was published on Mar 10, 2021 The Swiss narrowly voted in favour of a free trade deal with Indonesia on Sunday. What does this mean for future deals?

More Swiss weapons exported despite general trade malaise

This content was published on Mar 9, 2021 Swiss weapons exports rose in value by nearly a quarter in 2020, bucking the trend of a general slowdown in international trade.

Most adults in rich nations face long wait for vaccine, distributor warns

This content was published on Mar 9, 2021 Expect a 15-month delay for a Covid jab, Swiss logistics giant Kuehne+Nagel warns.

Novartis to help produce CureVac Covid-19 vaccine

This content was published on Mar 4, 2021 Novartis has signed an initial deal to produce the mRNA molecules for the Covid-19 vaccine developed by German biotech firm CureVac.

Anti-corruption NGO slams ‘weak’ Swiss corporate crime laws

This content was published on Mar 1, 2021 The law was changed in Switzerland in 2003 to make firms criminally liable if they fail to take reasonable steps to prevent serious crimes. A new report from Transparency International (TI) SwitzerlandExternal link reveals that despite frequent scandals, just eight convictions have been recorded in the past 20 years. “The shortcomings of criminal liability of…

Swiss-based firms spend tens of millions lobbying Brussels

This content was published on Feb 28, 2021 The chemicals industry invested the most money (up to €8.4 million) in presenting their arguments to top EU officials on proposed regulations, legislation and other matters. The Swiss-based Dow Europe spent up to €2.75 million while pharmaceutical company Novartis weighed in with upwards of €2.5 million and crop protection firm Syngenta spent some €1.75 million.…

FIFA aborts Beckenbauer bribery prosecution

This content was published on Feb 26, 2021 FIFA’s adjudicatory chamber, which judges ethical breaches, ruled on Friday that too much time had elapsed from when the alleged offences took place. This announcement was made despite the investigatory chamber of FIFA’s Ethics Committee having decided in 2016 that the three defendants violated bribery and corruption codes. German football legend Beckenbauer, along with Theo…

Are the sustainability criteria in the Swiss trade deal with Indonesia toothless?

This content was published on Feb 23, 2021 SWI swissinfo.ch fact checks claims on sustainability on the eve of a national referendum on palm oil imports.

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