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Future still bright for Swiss lightbulb producer

This content was published on Nov 21, 2015 The small Swiss firm, which has changed its name and location several times, is now based in the Schwyz village of Immensee. It still produces bulbs using traditional methods, many of which are handmade. When Switzerland and the European Union took the decision to phase out traditional lightbulbs in 2009, Righi Licht was forced to…

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Strong franc continues to hurt machine industry

This content was published on Nov 20, 2015 The Swiss machine industry continues to suffer due to the pressures of the strong franc. Orders were down 13% last quarter – the fourth in a row. There is no sign of any improvement on the horizon and further job cuts are expected, the sector’s lobby group has declared.

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Swiss household wealth rises

This content was published on Nov 20, 2015 The net worth of Swiss households in 2014 rose significantly by CHF141 billion ($138 billion) or 4.4% to CHF3.3 trillion, the Swiss National Bank (SNB) said on Friday.

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How Swiss is direct democracy in Paris and Madrid?

This content was published on Nov 20, 2015 In September, Madrid launched a platform inviting citizens to present their ideas. They are put to a public vote if they have a minimum amount of support from the population. The mayor of Madrid, Manuela Carmena, admits she was fascinated by the model of Switzerland. Carmena, a former member of a United Nations committee on…

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Further Swiss banks settle with American authorities

This content was published on Nov 19, 2015 The three banks, the Swiss unit of BNP Paribas SA ; KBL (Switzerland); and Bank CIC, also agreed to cooperate in any related criminal or civil proceedings, the Justice Department said. They will pay a total of more than $81 million (CHF82 million). The banks settled under a voluntary programme…

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Swisscom fined again for abusing market dominance

This content was published on Nov 19, 2015 In a statement on Thursday the company, a former state monopoly which is still majority-owned by the government, denied these allegations and said it would contest the ruling and fine. In its investigation of the 2008 tender for a company network for Swiss Post, COMCO concluded that other providers had been unable to make a…

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The Swiss business of making Bollywood dreams

This content was published on Nov 19, 2015 Small businesses have benefited from the Indian film industry's choice of Switzerland as a backdrop for song and dance sequences. But for some companies, it comes at a cost.

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Maerki Baumann private bank pays $24 million fine

This content was published on Nov 18, 2015 “Maerki Baumann willfully and actively helped US taxpayers evade their tax obligations and cheat the American public,” said acting Assistant Attorney General Caroline Ciraolo of the US Justice Department’s Tax Division in a statement on Tuesday. “Today’s agreement reveals the extent of such conduct and holds Maerki Baumann accountable, requiring the bank to make a…

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Hydropower plants hit by drought

This content was published on Nov 18, 2015

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Stem cells: a miracle cure?

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Future still bright for Swiss lightbulb producer

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Strong franc continues to hurt machine industry

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Swiss household wealth rises

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How Swiss is direct democracy in Paris and Madrid?

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Further Swiss banks settle with American authorities

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Swisscom fined again for abusing market dominance

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The Swiss business of making Bollywood dreams

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Maerki Baumann private bank pays $24 million fine

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Hydropower plants hit by drought

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