Patrick Dümmler, senior fellow at Avenir Suisse, explains how the framework agreement with the European Union could help Switzerland holding its leading position in accessing the EU market. And what Swiss people and companies could end up with if that agreement is rejected.
Von der Leyen’s Brexit message resonates in Switzerland
By distancing itself from EU rules, the UK risks weakening its access to the single market, European Commission President Ursula von der Leyen warned in her keynote address in Davos today. Markus Will, senior economist at the University of St. Gallen, says the statement sent a clear message to Switzerland as well.
Six stories that made the day
Your latest highlights from #WEF20 and beyond: key messages from Ursula von der Leyen; Donald Trump comments on trade; the fashion industry’s heavy carbon footprint; the latest on the coronavirus; and a look at Swiss and global markets.
The top news of the day
Your latest highlights from #WEF2020 and beyond: A recap of President Trump’s and climate activist Greta Thunberg’s speeches; investors rush to safe havens; UBS and Lonza earnings; central banks on digital currencies.
Financing the transition to a low-carbon economy
Banks are increasingly under fire from climate activists for funding fossil fuel projects. David Livingstone, Citigroup’s CEO in the EMEA region, says lenders have an important role to play in financing the transition to a broader base of energy sources.
What’s on the menu for the World Economic Forum 2020 in Davos
CNNMoney Switzerland’s Editor-in-Chief Andreas Schaffner tells us what to watch out for at the 50th anniversary of the World Economic Forum’s annual meeting in Davos.
Ascom structural shake-up a good start, says analyst
Swiss medtech company Ascom is overhauling its corporate structure and taking other steps to revive its fortunes after revenue slumped last year. Reto Huber, senior research analyst at Research Partners, welcomes the latest turnaround efforts, which he says will help put responsibility back into the hands of the company’s regional managers and restore its focus on customers.
Regulators get cozy with bitcoin billionaires
Discussions on how to regulate the crypto industry without stifling innovation dominated this week’s Crypto Finance Conference, where the speakers included U.S. Securities and Exchange Commissioner Hester Peirce. “If you don’t define the regulation for this space, not a lot is going to happen,” said Nicolo Stöhr, CEO of the event in St. Moritz.
U.S.-China deal “violates WTO rules,” says Saxo Bank economist
Part of the initial agreement struck between the U.S. and China was “in clear violation” of WTO rules, which state that two parties cannot do an agricultural deal without inviting other parties to the table, claims Steen Jakobsen, chief economist and CIO of Saxo Bank, in what he says is part of an inevitable move toward two separate global platforms.
Accenture Switzerland measures the pulse of Switzerland’s top firms
Accenture Switzerland’s new managing director Marco Huwiler discusses his transition into the role and the investment appetite of the country’s leading companies in its latest Top 500 report.