GENEVA, SWITZERLAND – The human urge to complain tends to lead to exaggeration and crime figures for Switzerland seem to be a current victim of that. I’m hearing and seeing claims about the rapidly climbing rate of crime that simply aren’t backed by numbers. Let’s take just one example, theft. First, let’s compare figures for [...]
GENEVA, SWITZERLAND – Ikea Switzerland’s meatballs continue to be sold, unaffected by the horse meat the store says a Czech lab found in one consignment last week. The meatballs are made by one supplier in Sweden. The consignment had not yet been sold to consumers, but they were shipped to Ikea stores in a number [...]
BERN, SWITZERLAND – Switzerland has begun 2013 with a positive trade balance of CHF2.1 billion, after strong exports during January. Seven out of nine export groups saw strong growth, Swiss customs figures show. Trade with North America and Europe was up, accounting for much of the growth.
BERN, SWITZERLAND – Switzerland’s trade balance grew, both exports and imports, in 2012, but growth was “timid”, federal trade figures from the customs office in Neuchatel show. The overall surplus of CHF24.4 billion is a record high, thanks to the second half of the year, when trade picked up after some stagnation. The overall economic [...]
ZURICH, SWITZERLAND – The British-Swiss Chamber of Commerce (BSCC) has come out against the Minder Initiative to cap top management salaries, in an unusual move into the political arena, with a letter to members Wednesday 30 January. The 3 March vote calls for a federal constitutional amendment that would make shareholder approval mandatory for board [...]
GENEVA, SWITZERLAND – A number of flights to and from Geneva and Zurich are delayed or canceled Monday 21 January, as winter storms continue to cripple major European air hubs. News agency ats reports that 445 flights in and out of Frankfurt, Germany, were canceled Sunday, as well as 200 flights so far today. Frankfurt [...]
GENEVA, SWITZERLAND – PSA, Peugeot-Citroen joint venture, said Wednesday 9 January that its sales dropped sharply in 2012, down 16.5 percent to 2.97 million vehicles. Weaker sales in its southern European markets, notably Spain, coupled with lower sales in France and the cessation of its activities in Iran, are to blame, France’s largest car manufacturer [...]
BASEL, SWITZERLAND – US bank regulators said Friday 9 November that they will delay implementing the new Basel III capital requirements, drawn up in the wake of the 2008 global banking crisis. No date was given for implementation, but the delay appears to have been granted after small and community banks in particular said they [...]