Swiss exports rise, imports dip

imports exports Swiss July 2014

Switzerland’s trade surplus now CHF4 billion BERN, SWITZERLAND – Swiss exports rose by 5 percent in July and imports fell by 3.5 percent, bringing the country’s trade surplus for the year to date to CHF4 billion. The jewelry business, which does not include watches, led the way, followed by pharmaceuticals, which were more than CHF8 […]

Basel airport under political threat

BASEL, SWITZERLAND – The fiscal disputes between Switzerland and France aren’t limited to individuals’ taxes – the two countries have been bickering over how Basel Airport should be taxed, and Wednesday local media reported that talks have ended without a solution. Easyjet, which is the largest company operating out of the airport, will not develop […]

Off the Shelf absorbed by Payot in Geneva

GENEVA, SWITZERLAND – Geneva’s English-language bookstore for the past 11 years, Off the Shelf, will move to Payot Chantepoulet near the train station 1 September, the former has announced. Stock at the store will be absorbed by Payot’s international department, which already has a sizeable English-language collection, and some staff will move to the larger […]

Swiss federal law on shop hours by end of year

But will Migros sell us tresse bread earlier on Saturday morning?

BERN, SWITZERLAND – The Federal Council has given the green light to the economy ministry to draft national legislation that will create a framework for shop opening hours. The move comes after a public consultation process that saw strong support for the idea of harmonizing the range of hours shops can be open. The new […]

Monkey, man and copyright: the debate in Geneva

"Macaca nigra self-portrait full body" by Self-portrait by the depicted Macaca nigra female - Daily Mail. Licensed under Public domain via Wikimedia Commons - http://commons.wikimedia.org/wiki/File:Macaca_nigra_self-portrait_full_body.jpg#mediaviewer/File:Macaca_nigra_self-portrait_full_body.jpg

GENEVA, SWITZERLAND / EDITOR’S NOTEPAD – One of the most surprising digital debates of the moment is the case of photographer David Slater and a photo taken by a Macaca monkey, which became an online hit thanks to Wikimedia. Geneva-based IP Watch carries a wonderful review of the legal issues, by two lawyers, who don’t […]

House of Switzerland – sports fans are loving it

House of Switzerland: mobile, sustainable wooden structure - Zurich appearance, European Athletics Championships

ZURICH, SWITZERLAND – The House of Switzerland made its first appearance in Sochi for the Olympics, then in Milan, followed by Rio where it was used as a fan centre during the football World Cup. Its latest appearance shows growing popularity with sports fans – the sustainable architecture mobile wooden structure was in Zurich during […]

James Schiro, former Zurich head, dies

ZURICH, SWITZERLAND – James Schiro, a US citizen who was well-known in American business circles in Switzerland, has died, age 68, following an illness and surgery. Schiro was widely considered responsible for bring insurance firm Zurich back to profitability when he took over as CEO. He worked for the company from 2002 to 2009.

Swiss media headlines: floating platform, Agefi boss, US in hot seat

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GENEVA, SWITZERLAND – Top stories in Swiss news media Thursday: Economic slowdown in France, Germany worries Swiss France’s zero economic growth and a dip of 0.2 percent in Germany is worrying the Swiss, whose biggest trading partner is Germany. Le Temps carries a lengthy analysis of the current situation. From financial to fiscal news News […]

Raiffeisen joins “big banks”

The famously red Raffeisenplatz, home to the bank's head office, in St Gallen

Cooperative now considered a bank “of systemic importance” ZURICH, SWITZERLAND – The Swiss National Bank Wednesday officially declared the Raiffeisen group to be a bank “of systemic importance” 13 August: too big to fail. It joins the country’s two largest banks, Credit Suisse and UBS, and Zürcher Kantonalbank, which in November 2013 was also named […]

Swisscom now owns local.ch

From paper phone directories to contemporary "how to find"

ZURICH, SWITZERLAND – Swisscom now owns more 90.59 percent of PubliGroupe Ltd, with the deadline expiring for the public tender offer. Close to 72 percent of the shares involved in the bid were tendered. The two companies together created Local.ch, the digital Swiss directory service, and the takeover is designed to allow Swisscom to develop […]