UBS believes that the main risks lie with the eurozone, Switzerland’s most important foreign trade partner. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Economists at UBS, Switzerland’s biggest bank, have lowered their growth forecasts for the country’s economy next year, citing a slowdown...
Tag: business
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Swiss retailer Galaxus to create 1,000 jobs in Germany
Galaxus, which is owned by Swiss retail giant Migros, is opening a new logistics center in Neuenburg am Rhein. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. The online retailer Galaxus, owned by Migros, continues to expand in Germany. It has laid the foundation...
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How Switzerland is training up the next generation of luxury hoteliers
Switzerland has made a name – and business – for itself training up the next generation of hoteliers. Nestled in the hills above the city of Lausanne, the école hôtelière de Lausanne (EHL) is one of the schools doing just that. ADVERTISEMENT The stakes are high in a Michelin-starred restaurant – and they are even...
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Melting Alps Glacier Means Switzerland and Italy’s Border Has to Move
(Bloomberg) — Switzerland and Italy tweaked their mountain border under the Matterhorn peak as climate change in the Alps is melting the glaciers that have historically marked the frontier between the two countries. “Significant sections of the border are defined by the watershed or the ridge lines of glaciers, firn or perpetual snow,” the Swiss...
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Swiss SMEs do not expect AI-related job cuts
Swiss SMEs do not expect AI-related job cuts Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Small and medium-sized enterprises (SMEs) in Switzerland are prepared to embrace artificial intelligence, with most predicting minimal job losses. This content was published on September 26, 2024 –...
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Switzerland remains ‘world’s most innovative country’
Switzerland remains the world’s most innovative country, according to the UN Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Switzerland remains the world’s most innovative country, ahead of Sweden and the United States, with China moving up to 11th place, according to the World...
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Swiss Government Sees Sharp Drop in Inflation Rate Next Year
(Bloomberg) — Switzerland’s government slashed its inflation forecasts, a move in line with expectations that the central bank will cut interest rates again when officials meet next week. Consumer prices will grow at an annual 1.2% in 2024 and 0.7% in the following year, the State Secretariat for Economic Affairs said on Thursday. That’s down...
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Swiss Tamedia group merges editorial teams and cuts jobs
Tamedia merges editorial teams and cuts jobs Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Zurich-based media company Tamedia is reorganizing its editorial offices and implementing job cuts announced at the end of August. The number of full-time positions affected will be reduced from...
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Switzerland nabs 15 medals at WorldSkills championship
The 15 medals were enough to give Switzerland third place overall. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Swiss professionals have won 15 medals at the WorldSkills Championships in Lyon, France: seven gold, seven silver and one bronze. According to the Swiss, the...
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Swiss insurer Baloise increases profit and announces job cuts
Baloise plans to adjust headcount to improve business performance. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Swiss insurance group Baloise increased first half earnings compared to last year. The company also announced restructuring that threatens 250 jobs. This content was published on September...
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JPMorgan eyes Swiss corporate business gains, blockchain boost
ZURICH (Reuters) – JPMorgan Chase wants to grow its Swiss corporate banking business and hopes to use blockchain services to help gain clients, an executive at the U.S. bank said. “We’re ambitious and want to gain market share,” Lutz Karl, who heads the bank’s business with major corporate clients in Germany, Switzerland and Austria, told...
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Swiss company bankruptcies on the rise
A growing number of firms are going bust Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. This content was published on September 3, 2024 – 16:26 The number of Swiss bankruptcies continues at a higher pace than last year, while the number of new...