Axa Switzerland dismantles its company hierarchy
Axa insurance group is the first major Swiss company to remove titles from its organisational charts, abandoning the hierarchical structure of its employees.…
US sanctions over 150 foreign suppliers of the Russian military
Two of the sanctioned companies by the United States are based in Switzerland and South Korea, which have their own Russian sanctions. The companies sanctioned for supplying the Russian military are mainly based in China, the UAE and Turkey.…
Switzerland increasingly left behind by billionaires and tax exiles for Hong Kong and Singapore
Singapore and Hong Kong are emerging as preferred destinations for offshore fund placement, whereas Switzerland, once a tax haven leader, is losing its prominence in the field. Offshore real estate investments, like in Dubai, are a growing tax evasion practice.…
The end of cash? Swiss Federal Council wants to secure its access with the constitution
The Federal Council of Switzerland wants to secure the accessibility of cash by including it in the constitution.…
For the first time in Switzerland, few selected people can legally buy cannabis for recreational use
As part of the scientific pilot program Weed Care, a few people in Switzerland can buy cannabis for recreational use legally for the first time.…
Switzerland approves the Lex Netflix, imposing streaming platforms a product catalogue with at least 30% of European production
Switzerland voted in favor of a law that now imposes streaming platforms like Netflix and Disney+ minimum investment in Swiss cinema productions and a catalogue with European content.…
Greece files a lawsuit against Novartis to seek financial compensation for a corruption scheme
Greece will seek financial compensation for the Novartis corruption scandal that involved two former prime ministers.…
Russia reportedly confiscated watches of Swiss watch maker Audemars Piguet
Russia seized luxury watches from Audemars Piguet which is perceived by Swiss authorities as retaliation for economic sanctions.…
Swiss lower house approved a ban on foie gras imports
After several unsuccessful attempts, Switzerland will probably ban the import of foie gras.…
Hundreds of volunteers to test a prison in Switzerland before hosting its first inmates
Zurich West Prison in Switzerland will host volunteers for three days as part of a drill before it starts detaining inmates for real.…
World news digest of February 9, 2022
Some world news in brief from February 9, 2022…
World news of February 8, 2022
Some important national news stories that didn't make global headlines on February 8, 2022…
Slovenia restructures consumer loans made in Swiss francs up until 17 years ago
Slovenia restructured consumer loans contracted in Swiss francs up until 17 years ago. Slovenes contracted loans in the Swiss currency but they became more difficult to reimburse since the francogeddon in 2015.…
Switzerland refuses to increase tax on capital revenue
As Switzerland approved same-sex marriage, one of the last European countries to do so, the Swiss also largely rejected a vague draft bill to tax rich people.…
Net zero climate targets, dangerous distractions for Oxfam
Oxfam considers net zero goals to be dangerous distractions. Carbon neutral emission targets with afforestation would be unachievable globally.…
Switzerland rejects climate laws
Switzerland voted for the applications of 5 laws and initiatives. All three related to climate change and the environment were rejected. The Covid-19 and Antiterrorism laws were accepted.…
A vote may ban pesticides in Switzerland, and impact football pitch
A citizen initiative primarily targeting food and agricultural products may ban synthetic fungicides in Switzerland, which could affect the grass used in sports.…