Switzerland’s Federal Council has approved a package of agreements aimed at stabilising and deepening its relationship with the European Union, reported SRF. The goal is tailored participation in the EU’s single market, said Ignazio Cassis, Switzerland’s foreign minister. We belong to Europe—not just geographically, but also economically and socially, he said. The deal, which was […]
Higher tax and VAT win approval in Switzerland’s upper house
Switzerland, like many rich countries, faces a pension crunch. An ageing population is putting pressure on public finances, and a recent referendum has added to the strain. In March 2024, voters approved a 13th monthly payment to recipients of the state pension scheme—equivalent to a 8.3% rise in annual payouts—due to begin next year. How […]
UBS pushes back against government plan to make it safer
Switzerland’s largest bank has slammed a government plan designed to prevent a repeat of the Credit Suisse collapse—plans that could force UBS to hold billions more in capital. The news was reported by SRF and Bloomberg. This week, Switzerland’s Federal Council unveiled a package of measures aimed at reducing the systemic risks posed by the […]
Swiss Statistics Office to shed staff and cut output
Switzerland’s Federal Statistical Office (FSO) is set to scale back its operations, trimming both its workforce and the range of data it produces, as it contends with mounting budget constraints, reported RTS. The FSO will cut the equivalent of around 40 full-time positions over the coming years, in a move expected to save CHF 13 […]
Swiss union slams federal attack on minimum wages
Switzerland’s sometimes delicate balance between federal authority and cantonal autonomy is once again under strain. The Swiss Trade Union Federation (USS) has issued a stark warning: if the federal parliament proceeds with draft legislation that would curtail cantonal minimum wage laws, it will resist the measure with all available means, reported RTS. The controversy stems […]
Swiss military may tighten rules on conscientious objection
Switzerland’s military conscription currently offers young men an alternative: civilian service for those unwilling to bear arms. Yet this freedom of choice is now under political scrutiny. Several legislative proposals under discussion in parliament aim to make civilian service less appealing, according to Swiss public broadcaster SRF. Among them is a call to reinstate the […]
New corporate responsibility initiative submitted
A group is once again pushing for stricter rules to hold Swiss companies accountable for their human-rights and environmental impacts—both at home and abroad. The proposed initiative would make firms, including their subsidiaries, liable for damage caused throughout their operations. This is the second such effort. A previous attempt, the Corporate Responsibility Initiative, won a […]
Council of States Commission rejects Swiss neutrality initiative
An initiative, dubbed the Neutrality Initiative, aimed at adding the principle of permanent armed neutrality to Switzerland’s constitution faced a further set back this week. The wording also includes a far-reaching ban on sanctions, one of the triggers for the initiative – Switzerland has followed the EU in sanctioning Russia. The Foreign Affairs Committee of […]
The revolving-door between Swiss health authorities and Big Pharma
A new report from Public Eye, a Swiss NGO, has drawn attention to the scale of personnel flows between the pharmaceutical industry and the country’s public health institutions. The investigation, published on Thursday, raises concerns over potential conflicts of interest and urges stronger safeguards to prevent corruption. The cushy transition between public office and private-sector […]
Switzerland approves Palestinian aid, but bypasses UNRWA in Gaza
This week, Switzerland’s Federal Council has approved a CHF 20 million ($24 million) aid package for Palestinians, while signalling mounting dissatisfaction with the UN’s embattled Palestinian relief agency, UNRWA, reported SRF. Of the total, CHF 9 million will be directed to humanitarian operations in Gaza and the West Bank. These funds will be channelled through […]
