Banking & Fintech

NGOs challenge patent monopoly of leukaemia drug

This content was published on Jul 3, 2019 Pressure groups Public Eye and Médecins du Monde have filed their objection to the European patent office in Munich. They claim that Kymriah was not invented by Novartis because the research behind the drug was carried out by public institutions. The medicament, which is used to treat leukaemia and lymph gland cancer on patients who have…

First-half investment in Swiss start-ups doubles to more than CHF1 billion

This content was published on Jul 2, 2019 Venture capital investment in Swiss start-ups doubled during the first half of 2019 to exceed CHF1 billion ($1.01 billion).

Nestlé to offer blockchain milk tracing system to consumers

This content was published on Jul 2, 2019 The Swiss company has partnered with the OpenSC “blockchain-enabled” digital systemExternal link built by WWF Australia and Boston Consulting Group Digital Ventures to allow anyone in the world to trace data. Consumers can scan a QR code on the product in a shop to check where ingredients were sourced and follow them though the supply…

Clock ticks for investors to reclaim CHF15bn of Swiss commissions

This content was published on Jul 1, 2019 "Ripped off" international investors can claim back billions in Swiss commissions that legally belong to them.

Audit confirms army was overcharged by Swiss defence firm

This content was published on Jun 28, 2019 On Friday, the Federal Audit Office released a summaryExternal link of its confidential report that includes claims that RUAG’s Aviation department enjoyed profit margins of 11.6-14.6% between 2013 and 2017. This was despite a ceiling of 8% agreed with the federal government. Some of the other examples of inflated costs cited include charging profit margins twice on spare parts procured from the US-based Mecanex Group supplier. However, no irregularities were found with fulfilling…

Swiss railways to phase out use of glyphosate by 2025

This content was published on Jun 28, 2019 The Swiss Federal Railways is to stop using the controversial herbicide glyphosate by 2025, the company has announced.

Pedestrians and a taxi in front of the building of Credit Suisse bank in New York City

Credit Suisse singled out over ‘weakness’ in Fed stress test

This content was published on Jun 28, 2019 The US Federal Reserve has demanded Credit Suisse fix “weaknesses” in its capital plans.

Geneva airport corruption suspects freed

This content was published on Jun 27, 2019 Two people have been released after having been arrested in May in a corruption case involving the awarding of publicly funded contracts.

Pakistan-origin funds in Swiss banks falls to all time low

This content was published on Jun 27, 2019 A little over CHF380 million ($388.58 million) in Pakistan-origin funds were held in Swiss banks at the end of 2018, a drop of more than a third compared to 2017.

Swiss mortgages and bank profits rise as jobs scale down

This content was published on Jun 27, 2019 The SNBExternal link’s “Banks in SwitzerlandExternal link” annual report shows combined Swiss and foreign mortgage loans hitting CHF1 trillion in July 2018External link, and the same landmark being breached for purely domestic loans in November. Total mortgages had increased by CHF35.5 billion (or 3.6%) by the end of last year. The rise was fuelled by…

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Banking & Fintech

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Banking & Fintech

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NGOs challenge patent monopoly of leukaemia drug

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First-half investment in Swiss start-ups doubles to more than CHF1 billion

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Nestlé to offer blockchain milk tracing system to consumers

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Clock ticks for investors to reclaim CHF15bn of Swiss commissions

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Audit confirms army was overcharged by Swiss defence firm

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Swiss railways to phase out use of glyphosate by 2025

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Credit Suisse singled out over ‘weakness’ in Fed stress test

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Geneva airport corruption suspects freed

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Pakistan-origin funds in Swiss banks falls to all time low

More

Swiss mortgages and bank profits rise as jobs scale down

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