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Swiss press unconvinced by ECB euro policy

This content was published on Aug 3, 2012 Global markets responded negatively to what they saw as Draghi’s refusal on Thursday to deliver bold action – such as a cut in interest rates or immediate plans to buy more European government bonds. With little support from Germany on these measures, Draghi instead called for existing rescue funds to be used in the place…

Swiss inventions: the good, the bad and the ugly

This content was published on Aug 2, 2012 Here is a shortlist of some famous Swiss products which have enjoyed global success. (Images: Keystone, menzimuck.com, RDB, EPFL, oilguard.org, imagepoint)

Relying on innovation to boost economy

This content was published on Aug 2, 2012 It’s without a doubt one of the most widely agreed upon policy principles among decision makers and economists in Switzerland today: to remain competitive at the international level, Swiss companies have to focus on innovation. The innovation mantra is even more popular in the context of a particularly challenging global economic environment. The eurozone’s public…

Libor scandal and weak results weigh on UBS

This content was published on Jul 31, 2012 Chief executive Sergio Ermotti denied that his bank played a central role in the interest rate rigging affair that has already claimed the scalps of top Barclays management. He also insisted that no evidence of manipulation had been found beyond that already reported to regulators. At the weekend, Reuters news agency said it had uncovered…

Competing to carry tourists up the Alps

This content was published on Jul 31, 2012 There are 500 mountain transport companies running nearly 1,800 different types of lifts in the Swiss Alps. With operating costs so high and the local economies depending on tourists, there is stiff competition to attract visitors by offering exciting rides. The Titlis mountain has a rotating cable car. Samnaun boasts the world’s first double-decker cable…

Integrity of ratings agencies questioned

This content was published on Jul 30, 2012 Researchers at St Gallen University believe that the big three agencies have at best made mistakes in rating countries such as Greece and Spain, and in the worst case scenario systematically and deliberately manipulated the markets. The report released last week concludes that there is no rational statistical basis behind the sudden and extreme downgrading…

Initiative puts health before business interests

This content was published on Jul 30, 2012 The initiative by the Swiss Lung League and about 50 other health, consumer, trade union organisations and centre-left parties targets cantons that tolerate restaurants and bars which serve clients in separate smokers’ lounges. A broad political alliance of centrist and rightwing parties, the business community, notably the restaurant sector, as well as the government argue…

New technologies promise energy efficient power

This content was published on Jul 29, 2012

Industrial roots hold firm despite strong franc

This content was published on Jul 29, 2012 But escalating fears that Switzerland is being stripped of its industrial base by the strong franc has been downplayed by manufacturers and trade unions despite thousands of recent job cuts and the relocation of production abroad. The recent rash of production line relocations to more cost effective countries, despite the Swiss National Bank setting an…

Domestic production key despite shift abroad

This content was published on Jul 29, 2012 Faced with an economic crisis in Europe and the shift in demand for its products towards emerging markets, the firm decided in 2009 to manufacture most of its machine tools in China. At the same time as closing a plant in Schaffhausen and selling off its Meyrin factory, with the cost of hundreds of Swiss-based…

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Swiss press unconvinced by ECB euro policy

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Swiss inventions: the good, the bad and the ugly

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Relying on innovation to boost economy

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Libor scandal and weak results weigh on UBS

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Competing to carry tourists up the Alps

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Integrity of ratings agencies questioned

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Initiative puts health before business interests

More

New technologies promise energy efficient power

More

Industrial roots hold firm despite strong franc

More

Domestic production key despite shift abroad

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