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Business & Finance

UBS & Swisscom To Promote Tech

UBS and Swisscom are propelling Switzerland's deep tech innovation with the Deep Tech Nation Switzerland Foundation KEYSTONE/Georgios Kefalas UBS and Swisscom have founded the "Deep Tech Nation Switzerland Foundation" to support companies with cutting-edge technologies in Switzerland.

Switzerland and Italy sign tax rules for cross-border commuters

Switzerland and Italy have established permanent tax rules for cross-border commuters working from home.

Bosch Switzerland Maintains Turnover Thanks To Industrial Technology

Bosch Switzerland keeps turnover steady at 830 million Swiss francs despite economic and geopolitical challenges, driven by growth in heat pumps and industrial technology.

Swiss Post Acquires 70% Stake in Diartis Group

Swiss Post to expand its secure data management services by acquiring a majority stake in Diartis Group, a Lenzburg-based firm.

Steiner Liquidity Crisis: Debt Restructuring

Steiner, a Zurich-based real estate firm, seeks debt-restructuring moratorium due to liquidity issues impacting operations and projects.

Swiss Unemployment in May Stays The Same

Despite a slight decrease in unemployment numbers, seasonally adjusted figures reveal a small increase in May.

What Happens To Dormant Assets If Unclaimed?

Dormant assets liquidated last year injected CHF 7.1 million into Switzerland's federal coffers, revealing challenges in tracing beneficiaries.

Swiss Bank Jobs On The Decline

Job advertisements at Swiss banks fell by 3% in May, with Raiffeisen and UBS showing significant declines, while some banks increased their listings.

Fastweb to Sell FiberCop Stake for €438.7 Million

Fastweb, Swisscom's Italian subsidiary, agrees to sell its 4.5% stake in FiberCop to KKR's Optics Bidco for €438.

Judge Reduces Bayer’s Glyphosate Fine from $2.25 Billion to $400 Million

A Pennsylvania judge slashes Bayer's glyphosate lawsuit fine, reducing it from $2.

Holcim Acquires Land Recovery To Boost Construction Efforts

Holcim acquires UK-based Land Recovery, aiming to boost circular construction and recycle 10 million tonnes of waste in 2024.

Signa Retail Debt-Restructuring

Signa Retail Selection AG, a Zurich-based company within the troubled Signa empire, has received a definitive debt-restructuring moratorium until December 2024.

Swiss Hearing Aid

Swiss Hearing Aid Business Misenso Acquired by Neuroth Group

Swiss Hearing Aid Firm Misenso, owned By Migros Group is to be sold to a Swiss ear specialist firm.

Swiss Inflation Holds Steady at 1.4% in May

Swiss inflation remains steady in May, with domestic goods still costly and imported goods cheaper compared to last year.

Switzerland Won’t Cut Development Aid To Fund The AHV

The National Council rejects SVP's proposal to cut development aid funds to finance the 13th AHV pension.

EthonAI Raises CHF 15m: Series A

EthonAI secures CHF 15m to advance its AI-driven Manufacturing Analytics System, enhancing factory efficiency and reducing waste.

Kurt Fuchs to Step Down as Postfinance CFO

Kurt Fuchs will leave his CFO position at Postfinance a year earlier than planned.

Sunday June 2nd, News Today

Health insurance premiums in Switzerland surpass CHF 10,000. Doctors criticize patient behaviors, and the Federal Council debates postal service changes.

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