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Switzerland takes steps towards tax transparency

This content was published on Nov 20, 2013 “It’s already clear that Switzerland is a favourite whipping boy internationally,” says Peter V. Kunz, professor of economic law and comparative law at the University of Bern. “It has made considerable progress in certain areas in recent years, but because progress is slower than in other countries, the finger is still being pointed at Switzerland,”…

OECD updates forecast for Switzerland

This content was published on Nov 20, 2013 In its economic outlook published on Tuesday, the OECD saw a “steady recovery” for Switzerland for the next two years. Driving factors were the strong domestic market and a boost in exports. For the current year, the OECD reckons on GDP growth of 1.9% – up from 1.4% in May. It added that domestic demand…

Untreated carriers transmit resistant HIV

This content was published on Nov 18, 2013 The authors of an article in the medical journal Clinical Infectious Diseases concluded that physicians who treat infections caused by the human-immunodeficiency virus (HIV) should focus on diagnosing new infections early to better prevent transmission by people who are not yet undergoing treatment. People who are diagnosed with HIV in Switzerland stand a very good…

Debate rages over ‘romantic’ family model

This content was published on Nov 17, 2013 Voters are due to cast their ballots on November 24 on a popular initiative by the rightwing Swiss People’s Party which calls for tax breaks for parents with children at home to be “at least equivalent” to those for parents using daycare. Opposed by all other main parliamentary parties, except a sizable minority of the…

Riddle remains of how to ‘defuse’ giant banks

This content was published on Nov 15, 2013 Swiss taxpayers are still haunted by the memory of being forced to shoulder the risk of rescuing UBS during the 2008 financial crisis. Despite realising an eventual financial gain from the bailout, many still fear negative consequences if there is a repeat act. Two recent parliamentary motions, designed to further restrain the biggest banks, as…

The cleanest house in Europe

This content was published on Nov 13, 2013 Christian Schifferle opens the door of his car, a Japanese model with many kilometres on the clock and visible signs of wear and tear. He asks me how I came to our appointment. When he learns that I travelled by train, he immediately lays an old rug on the passenger seat and explains: “I…

Swiss seize CHF60 million corporate bribes

This content was published on Nov 12, 2013 By doing so, the Federal Prosecutor’s Office signaled the conclusion of an eight year investigation into executives and shell companies that used the Swiss financial system to channel massive bribes used to win lucrative contracts for the German industrial giant. The Swiss investigation focused on corrupt payments made to secure business for Siemens in the…

Brain scans show effect of sleep deprivation

This content was published on Nov 11, 2013 They looked at how the connections between different parts of the brain altered depending on whether the study participants had a normal night’s sleep or were woken up in the second half of the night and kept awake until the next evening. Once awake, the 12 healthy subjects underwent fMRI (functional magnetic resonance imaging) scans…

Zurich cantonal bank branded too big to fail

This content was published on Nov 11, 2013 The Swiss National Bank (SNB) turned up the heat on the Zürcher Kantonalbank (ZKB) on Monday by upgrading it to a category one “systemically relevant” institution. In other words, ZKB’s collapse would cause more pain than the Swiss economy could bear. The exact consequences for ZKB have yet to be determined by the Swiss Financial…

Novartis sheds diagnostics unit

This content was published on Nov 11, 2013 Barcelona-based Grifols, the world’s third-largest blood products maker, said on Monday its diagnostics unit would make up 20% of its revenues after the deal, up from 4% now, and that annual turnover in the business would grow to around $1 billion. The diagnostic business focuses on ensuring the safety of blood transfusions. “The sale of…

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Switzerland takes steps towards tax transparency

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OECD updates forecast for Switzerland

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Untreated carriers transmit resistant HIV

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Debate rages over ‘romantic’ family model

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Riddle remains of how to ‘defuse’ giant banks

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The cleanest house in Europe

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Swiss seize CHF60 million corporate bribes

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Brain scans show effect of sleep deprivation

More

Zurich cantonal bank branded too big to fail

More

Novartis sheds diagnostics unit

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