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The Market for Fuel Cards in Switzerland 2018-2022

The “Fuel Cards in Switzerland 2018: Market and competitor data and insights into the commercial fuel card sector” report has been added to ResearchAndMarkets.com’s offering. Fuel Cards in Switzerland 2018 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) ... Read More »

From Tinder-based scams to Terrorism, Switzerland cracks down on launderers

Switzerland has stepped up cooperation with other countries, including India, in cracking down on suspected illicit wealth parked in its banks A terrorist from a South Asian countryIn its latest annual report, the Money Laundering Reporting Office Switzerland (MROS) has disclosed several interesting cases where it collaborated with overseas authorities to uncover cases of money laundering and terror financing. Under ... Read More »

‘Switzerland needs national cryptocurrency’: think tank

One of Switzerland’s most prominent business think tanks is calling on the central bank to start issuing its own cryptocurrency. Avenir Suisse believes this is an essential step along the path to creating a new blockchain economic model. Compared with peers in other countriesexternal link, the Swiss National Bankexternal link (SNB) has so far shown a distinct reluctance to contemplate ... Read More »

What does the public think about corporate responsibility?

What is the public’s opinion when it comes to the responsibility of Swiss companies abroad? ETH researchers have investigated this question and are able to show that there is a great deal of support for the so-called Responsible Business Initiative. In just over two weeks, the National Council and the Council of States will jointly discuss the Responsible Business Initiative. ... Read More »

Flotation values Watches of Switzerland at £647m

Britain’s largest luxury watch retailer began trading on the London Stock Exchange this morning, with shares priced at the upper end of the target range, giving Watches of Switzerland an opening market capitalisation of £647 million. Shares in Watches of Switzerland, which had set a target between 250p and 277p, floated at 270p earlier. “The process has clearly gone very ... Read More »

Two-thirds of Swiss companies want treaty with EU: poll

ZURICH : Two out of three Swiss companies want Switzerland to sign a draft treaty negotiated with the European Union, a poll for business lobby Economiesuisse found, highlighting the country’s political divide over its biggest foreign policy decision. The treaty would have non-EU member Switzerland routinely adopt EU single market rules and have EU citizens in Switzerland enjoy the same ... Read More »

Big Ocean Cargo Carriers Join Blockchain Initiative

Two major European ship operators have joined a blockchain platform formed by A.P. Moller-Maersk A/S and International Business Machines Corp., in a significant boost for the adoption of the technology across the logistics industry. The addition of France’s CMA CGM SA and Switzerland-based Mediterannean Shipping Company to the effort called TradeLens means the three carriers that control nearly half of ... Read More »

Huawei plans big R&D investment in Switzerland

Chinese telecoms giant Huawei plans to invest heavily in research in Switzerland, it says. This would create about 1,000 new research jobs, Huawei deputy director for Switzerland Felix Kramer told Swiss television SRFexternal link on Thursday. He said discussions were under way and there was no timetable yet. Kramer said the focus would be on skills where Switzerland is a ... Read More »

Switzerland will remain a low-tax centre for big firms

Switzerland is known for its delicious chocolate, its luxury watches—and its lightly taxed multinationals. Some 24,000 international companies are domiciled there to benefit from low-tax deals offered by its 26 cantons, which set their own rates on top of the federal corporate income-tax rate of around 8%. Zug, a canton near Zurich, alone is home to some 1,800 of them, ... Read More »

Facebook has set up fintech in Switzerland : and it’s the latest indication of its ambition to use cryptos

Facebook has formed a new fintech company, dubbed Libra Networks, in Switzerland, according to Geneva’s commercial register cited by Reuters. The company, which registered in Geneva on May 2, will provide fintech services and develop related hardware and software, reports the outlet. Libra’s areas of focus will include blockchain, payments, data analytics, and investing. Here’s what it means: Libra is ... Read More »

Switzerland deepens customs cooperation with US

The Swiss customs office has agreed to forge closer links with counterparts in the United States as both countries flirt with the idea of reigniting free trade agreement (FTA) talks. The Federal Department of Financeexternal link has signed a “legally non-binding” memorandum of understanding with the US Department of Homeland Securityexternal link to allow customs officials to deepen contacts and ... Read More »

Switzerland votes ‘yes’ to overhaul corporate tax rules

Switzerland has approved an overhaul of the corporate tax code, choosing to stay an attractive base for companies such as Procter & Gamble, Vitol and Caterpillar even at the expense of a short-term drop in fiscal revenue. The change was approved by 66pc of voters, according to a projection published by Swiss television SRF. A poll by gfs.bern had suggested ... Read More »

Switzerland on collision course with EU over gun control

“There’s this peace and inner calm that you need when shooting,” Michele Meyenberger says as the sound of gun fire echoes through the clubhouse. A magazine of ammunition for her Sturmgewehr 90, a modified semi-automatic rifle issued by the Swiss army, sits on the table as Meyenberger eyes the clock, knowing that it’s almost her turn on the shooting range. ... Read More »

Indians flock to Switzerland’s Engelberg-Titlis multi-activity mountain trail

It’s home to the world’s first revolving cable car, a glacier cave, a Cliff Walk over Europe’s highest suspension bridge, a multi-seater open-to-the-sky Ice Flyer chair lift and a glacier park – to name just a few of its attractions. Thus, it’s little wonder that over two lakh Indians contribute to the annual 1.2 India million footfalls at the Mount ... Read More »

Switzerland’s iconic cliffhanging restaurant has reopened

If you like an outdoors hiking challenge or enjoy a dramatic location, you’ll be pleased to learn that the Äscher mountain restaurant in Switzerland has reopened for business. The Äscher is located in what looks like a most precarious position, clinging to the foot of a vertical cliff face above the village of Wasserauen, in the canton of Appenzell Innerrhoden. ... Read More »

Abuse revealed in more than a third of Swiss companies

Suspected cases of embezzlement, tax fraud, money laundering and sexual harassment have been reported in 35% of companies in Switzerland, according to an international whistleblowing study. Researchers polled nearly 1,400 companies with more than 20 employees in Switzerland, neighbouring Germany and France as well as in Britain. The survey found most suspected cases in companies headquartered in Germany (43%), ahead ... Read More »

Coca-Cola heir arrested in Caribbean with $1.3M in cannabis, 5,000 plants aboard private jet

A Greek billionaire and heir to the Coca-Cola fortune was arrested on the Caribbean Island of St. Kitts after a search of his private jet uncovered more than $1.3 million worth of cannabis on board, according to multiple reports. Alkiviades “Alki” David, 50, was arrested by the Anti-Narcotics Unit at the Robert L. Bradshaw International Airport after customs officials found ... Read More »

Switzerland falls in foreign investment ranking

Despite earning a slightly better score than last year, Switzerland has dropped four places as a destination for foreign direct investment in a survey that looks at countries likely to attract the most FDI in the next three years. The 2019 AT Kearney Foreign Direct Investment Confidence Indexexternal link puts the country in 13th place compared to 9th last year. ... Read More »

Trade facilitation reforms spur development, experts say

Effective implementation of reforms to trade facilitation in developing countries can catalyse progress towards meeting development goals, attendees at an UNCTAD expert meeting heard on 7 May. The seventh session of the UNCTAD expert meeting on transport, trade logistics and trade facilitation is taking place from 7 to 9 May at the UN’s European headquarters in Geneva, Switzerland. The meeting ... Read More »

Switzerland strongly benefits from the EU single market

this was the result of a on Wednesday published a study by the Bertelsmann Foundation, two weeks before the European elections. The largest economy in the world increases, therefore, the income of the EU citizens, per head and year, average of about 840 Euro. Switzerland is with 2914 Euro income plus at the top of the leaderboard. Luxembourg (2834 euros), ... Read More »