The Swiss Times - Swiss News in English

Swiss Surveillance Fell Last Year: Federal Intelligence

Swiss authorities report a decrease in surveillance measures in the past year, with property crimes being the primary focus of these operations.

Real Estate Construction To Return In the Medium Term: Study Finds

A recent study reveals the slowdown in Swiss construction due to higher interest rates, with predictions for recovery as market conditions evolve.

Swiss Farms To Face Fewer Regulations

Amidst calls to ease the administrative load on farmers, the Federal Council supports a risk-based approach to lessen farm inspections.

Swiss Bankruptcy Falls: Real Estate Insolvency Spikes

While Switzerland experienced a 4% decrease in company bankruptcies, however the real estate sector faced a significant 68% increase.

Sanitas Group Reports Profit Surge and Policyholder Growth

Sanitas Group's profits soar to CHF 38.3 million in 2023, with a 2.7% increase in premium income and over 40,000 new policyholders early in 2024.

Geneva To Vote On Hate Symbols June 9th & More

On June 9, Geneva residents will decide on banning hate symbols like the swastika and enhancing political participation for foreigners living in the canton for over eight years.

Inflation Continues To Damage Wage Growth In Switzerland

Swiss wages rise by 1.7% in 2023, yet real wages fall by 0.4% due to inflation, underscoring the economic challenges for workers.

Nestle Sales Decline: Q1 2024

Amid a 5.9% sales drop and a strong Swiss franc, Nestlé sees a silver lining with a 1.4% organic growth in Q1, driven by strategic price hikes.

Holcim Financial Performance Analysis: Q1 Insights

Holcim reports a 2.4% drop in Q1 sales but sees a significant 7.8% rise in EBIT, outpacing forecasts with strategic mergers and acquisitions.

Swisscom and Sunrise Settle Their Lawsuit

Swisscom withdraws its CHF 90 million lawsuit against Sunrise, reaching an agreement, details of which remain confidential.

Canexis Pharma Approved By Swissmedic: Can Produce 1000kg Per Day

Swissmedic grants Canexis Pharma AG the essential licenses for manufacturing CBD and THC-based pharmaceuticals.

Swiss Dermatology Firm Galderma Post $1Bn In Sales

Galderma Group AG announces a record-breaking start to 2024, with first-quarter sales surpassing $1 billion and a robust year-on-year growth of 12.4%.

Swiss Legislation To Question & Halt Foreign Takeovers If Wanted

The Swiss National Council's Economic Affairs and Taxation Committee pushes for the adoption of an Investment Review Act to prevent potentially risky foreign acquisitions of domestic firms.

Fedpol Director Nicoletta Valle To Step Down in 2025

Nicoletta della Valle, Director of the Federal Office of Police, will step down in January 2025.

Beznau 1 Nuclear Power Plant Goes Offline For Inspection

Block 1 of Beznau nuclear power plant, Switzerland's oldest nuclear reactor, enters a comprehensive seven-week maintenance period.

UBS Chairman Colm Kelleher Talks Capital Requirements

UBS Chairman Colm Kelleher argues against increased capital requirements for major banks at the AGM, citing UBS's capitalisation.

Swiss Voters Lean Towards Approval of Health and Energy Initiatives, Poll Shows

Recent Swiss polls show favorable opinions on premium relief and cost brake healthcare initiatives, as well as an energy tax waiver.

Swiss Shipping Tonnage Taxation Loses Support

The Swiss National Council's committee advises against the adoption of a tonnage tax for shipping companies.