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Swiss Employee Rights Are Falling: “Regular Violations Of Rights”

Switzerland scores poorly in ITUC's index due to inadequate protection against abusive dismissals, highlighting frequent violations of labor rights.

Spar Switzerland Sees Profit Rise Despite Lower Sales

Spar Switzerland reports a 6.7% net profit increase despite a 4.6% drop in sales due to exchange rate impacts.

SBB to Invest Billions in New Double-Decker Trains

SBB announces plans to invest billions in 116 new double-decker trains for Zurich S-Bahn and western Switzerland, enhancing commuter services.

New FINMA Head Wants To Regulate Shadow Banks

Stefan Walter, the new head of FINMA, advocates for tighter regulations on shadow banks and early intervention powers to prevent financial crises.

Employees In Switzerland Aren’t Happy And They Aren’t Looking For A Change

Swiss employees are increasingly dissatisfied and emotionally detached from their employers, yet few seek new jobs.

Swiss Alu Menziken Is Sold To China

Montana Aerospace divests its e-mobility segment, selling Alu Menziken to Mengtai Germany, streamlining its portfolio towards aerostructures.

Swiss Pension Funds See Positive Returns Again

Swiss pension funds achieved strong returns in May, driven by Swiss and global equities.

Global Debt Crisis Loom, But Switzerland Is Ok

Switzerland's prudent financial management shields it from the global debt crisis, thanks to its debt brake policy.

Most Swiss Clothes Are Coming From China: Galaxus

Customers at Galaxus can now see where their clothing originates, with most items coming from China.

Unia to Sue Rolex Over Harassment Cases

Unia plans to take Rolex to labor court over alleged harassment cases and unlawful dismissals.

ZKB App Glitch Exposes Customer Data

Zürcher Kantonalbank (ZKB) faces a weekend app glitch, revealing account details of strangers.

UBS Credit Suisse Merger Set for July 2024

UBS Switzerland head Sabine Keller-Busse announces the merger with Credit Suisse will begin July 1, 2024.

Home Ownership Still More Expensive Than Renting

Lower mortgage interest rates and rising rents should reduce the home ownership premium soon.

Swiss Energy Companies Relief: Energy Cloak Decree Passes

Swiss energy companies express relief over the approval of the Energy Cloak Decree, marking a crucial step toward securing Switzerland's long-term electricity supply.

Consumer Sentiment in Switzerland Unchanged in May 2024

Consumer sentiment in Switzerland in May 2024 remains steady at -38 points, slightly higher than May 2023, according to Seco.

Sunday Headlines Today: June 9th

Russian cyberattacks, funding demands for GPs, and the rise in train travel—this and more in Sunday's Swiss news.

Credit Suisse AT1 Bondholders Sue Switzerland

Credit Suisse AT1 bondholders sue the Swiss Confederation over Finma's decision to write down bonds to zero during the UBS takeover.

Breitling Wants To Be A Top 5 Watch Brand

Breitling CEO Georges Kern targets top 5 ranking for Swiss watch brands, focusing on emerging Asian markets and Generation Z.

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