While it’s hoped the worst effects of the pandemic are now behind us, many companies are still suffering from a slump in turnover and Geneva has voted to release a further CHF 35m in aid.
The Grand Council voted last night to help firms that have seen revenue slump more than 25% and are unable to apply for federal aid.
But an amendment to only pay those firms that agree not to make any redundancies was voted down.
Telecoms operator hacked
Swiss operator Salt has confirmed hackers stole personal data belonging to its mobile customers
AI assists in recycling issue
A Vaud recycling firm has switched on an artificial intelligence sorting line at its plant near Yverdon, aiming to close Switzerland's poor plastics recycling record
La Poste warning
La Poste chief Christian Levrat warns Switzerland's postal service could disappear within a decade without major changes
Financial gap widens between Switzerland and eurozone
The gap between Swiss and eurozone interest rates has hit a record 2.5 percentage points, after the European Central Bank raised its benchmark to 2.5% at the end of last week while the Swiss National Bank sits at zero
More job cuts in Geneva
Geneva's UN trade agency plans to cut 70 of its 500 staff, as funding pressure mounts
Voting day just 2 weeks away
Geneva heads to the polls on 27 September to decide whether it should be easier for tenants to buy the flat they rent
