Business Update is the show that you can’t afford to miss. Join us for coverage of the big financial news here in Switzerland and analysis of how political developments abroad affect our place in the world. We serve up all the headlines alongside commentary from the CNNMoney Switzerland editorial team.
Can market access trump sovereignty and wages? Our Deputy Editor-in-Chief Frédéric Lelièvre explains the conundrums surrounding the Swiss-EU framework agreement—and how to get out of them. Also in Business Update: new pressure on the SNB, Swiss GDP figures and Novartis’ latest acquisition.
It looks as if the Swiss National Bank still thinks that climate change is too big of an issue for them to tackle, based on Andréa Maechler’s speech on Thursday night. Despite having invested some of its plentiful reserves in green bonds, Frédéric Lelièvre says the SNB will be under pressure to do more.
New European Central Bank President Christine Lagarde inherited a golden bell used to bring meetings with policymakers to order. While her predecessor Mario Draghi says he never used it, Frédéric Lelièvre opines that given the rumored discord among Lagarde and her peers, there may be the sound of ringing bells at the ECB in the near future.
The world is reeling from the fear of an impending economic slowdown. However, the Q3 earnings of several multi-national corporations don’t reflect the uneasy rhetoric. Hannah Wise and CNNMoney Switzerland Editor-in-Chief Andreas Schaffner take a closer look at whether the economic slowdown is a fact or a myth.
While smartwatches may be an increasing threat to the traditional Swiss watch market, Frédéric Lelièvre argues that Switzerland has certain skills and resources that could give the tech companies a run for their money. Besides watches, he talks Brexit and sheds some light on a big weekend ahead for Swiss voters.
It was another busy week in Swiss financial news, with Sunrise suffering new setbacks and a surprising push toward fintech by the Swiss National Bank. Editor in Chief Andreas Schaffner breaks it down in this week’s edition of Business Update with Hannah Wise.
Credit Suisse Chairman Urs Rohner tried to convince the media this week that CEO Tidjane Thiam had no idea what his “alter ego”—the bank’s former COO Pierre-Olivier Bouée—was up to. Given the nature of the scandal, however, CNNMoney Switzerland’s Frédéric Lelièvre isn’t buying it: “How can this possibly happen without communication between the two?”