Business & Finance Archives - Page 23 of 76 - The Swiss Times

Business & Finance

Mobilezone Sales

Mobilezone Profits Decrease For the Year

Mobilezone reports a slight sales increase but lower profits in 2023, with plans to boost future dividends.

Russia Sanctions

Swiss Company Allegedly Circumvented Russia Sanctions

Switzerland's Attorney General's Office initiates its first case against a local company accused of skirting sanctions against Russia.

BSI Money Laundering

Bank BSI Convicted of Money Laundering in Switzerland

Swiss authorities convict BSI Bank for severe breaches in money laundering regulations amidst the 1MDB scandal, imposing a CHF 4.

Swiss Hotel Industry

Swiss Hotel Industry Breaks New Records in 2024

Boosted by international guests, Swiss hotels kicked off 2024 with record January occupancy.

Raiffeisen High Interest

Raiffeisen Benefit From High Interest Rates in 2023

Raiffeisen Group capitalises on interest rate dynamics, boosting profits by 17.7% to CHF 1.

Made in Switzerland

“Made in Switzerland” Standards Dropped For Sugar

Switzerland eases its Swissness rule for sugar, allowing a 40% domestic content due to adverse weather and pest impacts on sugar beet crops.

Micarna

Micarna employees suspend strike for negotiations

Micarna employees in Ecublens pause their five-day strike to engage in talks, aiming for a resolution over the site's closure and job concerns.

Swiss Gold Trading

Swiss Gold Trading: National Council Against New Regulations

In a significant decision, the Swiss National Council chose not to enforce stricter transparency in gold trading, sparking debates over ethical sourcing.

Alcon

Alcon Targets $12 Billion Sales by 2027

Alcon aims for growth with a $12 billion revenue target by 2027, post-Novartis spin-off.

Signa Insolvency

Signa Insolvency: Sale of Vienna Department Store

Amid Signa's financial woes, the insolvency administrator kick-starts the sale of Vienna's halted "Lamarr" project.

Swiss Industry

Swiss Engineering Industry: SMEs Face Persistent Challenges

The Swiss Engineering Industry confronts ongoing struggles, with SMEs in the MEM sector facing a downturn without immediate recovery prospects.

Galderma Go Public

Galderma Wants to Go Public on the Swiss Stock Exchange

Galderma gears up for a landmark IPO on the SIX Swiss Exchange, marking a significant milestone in the skin care giant's growth journey.

Zurich Finance Director

Zurich Finance Director: The Rest of You Are Not Paying Your Fair Share

Ernst Stocker, Zurich's finance director, addresses the financial strain from undercompensated services, urging for fairer cost distribution among cantons.

Rail Strike in Germany With Repercussions for Switzerland

The German rail strike halts cross-border connections, impacting travel plans. SBB steps in with alternative arrangements to minimize domestic disruptions.

Swiss War Materials

Fewer Exports of War Material in 2023

Switzerland sees a significant decline in war material exports, with a 27% reduction in 2023.

Swiss Rhine Ports

Swiss Rhine Ports Increase Mineral and Oil Imports

Swiss Rhine ports (SRH) report an 8% increase in goods handling in 2023, driven by a significant rise in mineral oil products stockpiling.

Swiss National Accident Insurance

Suva Recorded a Positive Investment Performance After Negative 2022

Suva records a robust 4.8% investment performance in 2023, rebounding strongly from the previous year's downturn.

Geneva Cantonal Bank

Geneva Cantonal Bank With Record Profit and Dividend

Cantonal Bank of Geneva (BCGE) celebrates a stellar year with a 44.5% surge in operating results and a promising dividend increase for shareholders.

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