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The business of banking disruption The business of banking disruption The business of banking disruption
With the number of banks in Switzerland on the decline, we're looking at the challenges facing the industry and where the disruption is coming from. Hannah Wise speaks to Anton Golub, whose company Lykke is part of the movement to shake up the system.
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Amanda Kayne
Marco Tremonte of PwC Switzerland: Creating a business is an emotional investment as well as a financial one
Nearly half of family entrepreneurs want to pass on their life's work to a relative, says Marco Tremonte, director at PwC Switzerland. The handover— whether it turns out to be internal or external—can be a difficult process for all involved. For small-to-medium enterprises in particular, the stakes are high, as 14 of them shut down every day because a suitable successor can't be found.
Amanda Kayne
Once I got into the family business, things started to become more challenging, says Raphael Gübelin
Raphael Gübelin, the CEO of the Gübelin Group, the jewelery house in Lucerne, tells Amanda Kayne what it takes to run a family business in its sixth generation.
Sarah Chiarello
The latest on U.S. sports betting
It's not just Switzerland that's giving the dice another roll when it comes to gambling laws. Last week the U.S. Supreme Court cleared the way for all states to legalize sports betting. CNN's sports business correspondent Ahiza Garcia brings us the latest developments.
Olivia Chang
Blocking websites is harmful, says Swico CEO Jean-Marc Hensch
On June 10, the Swiss will vote on a referendum to fight a new law that allows domestic casinos to offer online gambling while blocking foreign online gambling providers. Supporters of the referendum describe the law as “state censorship of the internet.” Ana Maria Montero caught up with Swico CEO Jean-Marc Hensch on why he backs the referendum in the name of internet freedom.
Ana Maria Montero
Entertainment wrap: We will rock you!
In this week's entertainment wrap with Ana Maria Montero, Freddie Mercury is coming to the big screen and Spanish singer Alvaro Soler shows off his dance moves.
Tanya König
Switzerland is big on the small screens of the Middle East
Switzerland is getting into soap. Not the kind you clean with, but rather, the ones you watch on TV. And it's being broadcast right now in countries such as Morocco, Iran, and even Syria. Tanya König has more on why the country is big on the small screens of the Middle East.
Olivia Chang
Switzerland is cashing in on the royal wedding
The Matterhorn may be hundreds of miles from Windsor, but that hasn’t stopped Swiss businesses from profiting on the royal wedding between Prince Harry and Meghan Markle. CNNMoney Switzerland's Olivia Chang takes a closer look at the surging demand for scones, British cheese, and Markle's biography.
Eléonore Payró
The U.S. withdrawal from the Iran deal is a missed opportunity for the Swiss banking sector, says François Savary of Prime Partners
Iran, a country with 80 million potential consumers, is an attractive market for Swiss companies, especially in pharma, infrastructure, and finance. Hope was high after the lifting of the embargo in 2016, but Donald Trump's decision to quit the Iran nuclear deal has complicated business matters. For the banking and financial sectors in Switzerland it's a missed opportunity, says CIO of Prime Partners and Iran specialist François Savary.
Eléonore Payró
Not the right time to invest in Iran, says Iran expert Sanaz Habibian
In an interview with CNNMoney Switzerland, Sanaz Habibian of the law firm Dr. Eschmann Rechtsanwälte talks about the complexities Swiss companies face after U.S. President Donald Trump's withdrawal from the nuclear deal.
Paula Dupraz-Dobias
Mercosur deal important to remain competitive, says Swiss agriculture official
Adrian Aebi, head of international affairs at the agriculture ministry, explains that Switzerland would lose its competitive edge if EFTA did not follow the European Union in concluding a free trade agreement with Mercosur. While the deal is being criticized by the Swiss Farmers' Union as potentially "sacrificing" Swiss agriculture in favor of other sectors, Aebi assures critics that markets would not be opened completely. He says an agreement would add only "a little more" to the existing 3500 tons of beef imports from the South American area, with some 2000 tons more of the product.
Paula Dupraz-Dobias
Swiss farmers in "emotional" discussion with government
Beat Röösli, head of international affairs at the Swiss Farmers' Union, says the agricultural sector does not want to be sacrificed in a potential free trade agreement with Mercosur. He regrets that the government has left his organization out of domestic strategy talks to liberalize the market. The farmers' union is concerned that cheap meat from South America may put Swiss cattle workers out of business.
Hannah Wise
HKP Group’s Michael Kramarsch: "Switzerland is leading the payment rankings in Europe"
The CEOs and chairmen of Swiss companies lead the pack when it comes to management salaries in Europe. According to Michael Kramarsch of HKP Group, the reason is that international investors tend to care more about the mechanisms behind the payments than about the compensation itself.
Andreas Schaffner
Thomas Minder: "A rip-off would be a salary of more than a million Swiss francs"
Controversial Swiss parliamentarian Thomas Minder, who spearheaded the popular initiative against “rip-off” executive compensation, is not happy about what transpired after the initiative passed in 2013. In an interview with CNNMoney Switzerland, he complains about slow parliamentary procedures, concluding that “Bern is sleeping” when it comes to implementation.
Amanda Kayne
Everyone to lose from the looming trade war between the U.S. and China
Arturo Bris, director of the IMD World Competitiveness Center, and Zhou Qing Dahinden, president of the Swiss Chinese Enterprise, react to President Trump speech in Davos. They say trade barriers don’t generate economic development.
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