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the swiss times

Business & Finance

How Swiss companies claim to be offsetting emissions
22 February 2023
Swiss organization South Pole sells carbon offset certificates to Swiss companies such as Nestlé and Galaxus, but their calculations are fraught with errors and their good work is grossly overestimated, critics say.
Switzerland pursues sending Yanukovych’s frozen funds to Ukraine
17 February 2023
Switzerland is pursuing returning 130 million Swiss francs in frozen assets that former Ukrainian president, Viktor Yanukovych, obtained illegally, the Swiss government announced this week.
Credit Suisse has 17.6B in frozen Russian assets
13 February 2023
Credit Suisse is holding about 17.6 billion CHF in Russian frozen assets – about 10 billion CHF more than the bank originally assumed.
The movement to preserve Swiss francs
10 February 2023
Switzerland will never become a cashless economy should Swiss voters choose to encode it into law on the next ballot.
Credit Suisse posts biggest loss since 2008 recession
9 February 2023
Topping off a year of scandals, rumors and roller coaster stock prices, Credit Suisse announced that it suffered its biggest loss in 2022 since the global recession in 2008.
Rolex: The best of times, the worst of times
3 February 2023
With Rolex announcing plans for a $1B expansion in Switzerland, it seems that they are unbothered by the recent downturn in the luxury Swiss watch market – clinging to the tradition that the brand has always been synonymous with the best.
Swiss inflation: How it will affect you in 2023
2 February 2023
Switzerland has managed to prevent soaring inflation while the rest of the world struggles with skyrocketing heating and grocery prices.
UBS gains from Credit Suisse’s losses
1 February 2023
After a wave of clients left Credit Suisse in its disastrous fourth quarter, they turned to the bank's neighbor, UBS.
The Swiss company at the center of a drug trafficking storm
19 December 2022
Swiss shipping company MSC says it is a victim of drug trafficking and not a co-conspirator.
Energy supply in Switzerland is ‘guaranteed’
15 December 2022
Switzerland is better prepared than its European neighbors for the projected winter energy shortage, but still has a long way to go if it intends to meet certain goals the Swiss government announced in 2021.
Swiss ski resorts: Energy wasters or economy boosters?
8 December 2022
As Switzerland seeks new ways to shore up energy amidst a European shortage, the question of what is considered fundamental to the country’s economy keeps popping up.
Can Credit Suisse be saved?
27 October 2022
After months of speculation as to how badly Credit Suisse Group AG is floundering, the investment bank today posted a net loss of CHF 4.
Migros President steps down
26 October 2022
Fabrice Zumbrunnen announced this week that he will step down in 2023 as the head of Migros, Switzerland’s largest retail company, supermarket chain, and employer.
The Swiss cheese trials: The US v. Gruyère
19 October 2022
Historically neutral Switzerland has been waging battle over its famous Gruyère cheese due to a U.
How the pandemic helped make the richest family in Switzerland
17 October 2022
The Aponte family – an Italian-Swiss family that owns the Mediterranean Shipping Company (MSC) in Geneva – was recently crowned the richest family in Switzerland thanks to the Covid-19 pandemic and western buying habits.
Axpo: What do we know about Switzerland’s big energy producer?
10 October 2022
Writing in local newspaper Tages Anzeiger today, Marius Huber takes a deeper look at Switzerland’s largest producer of renewable energy, Axpo Holding, and how Zürich may have made a mistake becoming mixed up with the company more than 20 years ago.
Lugano launches citywide bitcoin adoption
6 October 2022
Businesses in Lugano – such as McDonald’s, art galleries, and other local companies – this week began accepting bitcoin as part of an initiative called Plan ₿.
The social media storm surrounding Credit Suisse
4 October 2022
Why Switzerland is not handing over Russian assets to Ukraine, Switzerland tackles its racism issues, and more in our roundup of news from October 1 – 4.

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