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The Purchasing Managers" Index (PMI) for small and medium-sized enterprises (SMEs) in Switzerland rose to 51.9 points in October, surpassing the growth threshold for the first time since May. This increase was primarily driven by domestic demand, despite ongoing challenges in the export sector. All components of the PMI improved, with notable gains in order backlog and production, while employment stabilized at 50 points.
Quantum computing, with its potential to revolutionize technology, poses significant risks to data security as current encryption methods may soon become obsolete. The anticipated "Q-Day" could allow quantum computers to crack existing encryption, prompting urgent action for developing quantum-resistant methods. While we have time before this revolution, the fragility of our digital security systems is increasingly evident, underscoring the need for proactive measures.
Raiffeisen has commenced construction of its new Neuchâtel et Vallées center in Cernier, with the foundation stone laid on October 23. The building, set to be operational by mid-2026, will house around forty employees currently spread across Gorgier, Coffrane, and Neuchâtel, featuring a total floor space of 1400 m².
Heinz Huber and Thomas Müller face backlash after their failed Strategy 2025, leading to the dismissal of Uwe Krakau and the scrapping of a malfunctioning super app intended for Raiffeisen"s 3.5 million customers. The costly missteps, including a bloated cost structure and ineffective management, threaten over 100 jobs as the bank attempts to regain stability.
The Bundesrat has passed a resolution urging the federal government to optimize biogas tender parameters, as previous tenders have failed. It emphasizes the need to enhance the flexibility of existing biogas plants to ensure they can contribute effectively to energy generation and calls for support in utilizing agricultural waste to reduce methane emissions and improve the climate impact of renewable energy.
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Swiss SME PMI rises above growth threshold signaling improved business sentiment
14:30 01.11.2024
quantum computing poses risks and opportunities for data security and encryption
10:24 31.10.2024
Raiffeisen begins construction of new center in Cernier for 2026 opening
09:00 23.10.2024
Raiffeisen leadership faces backlash over failed strategy and app development issues
08:46 22.10.2024
federal states push for biogas potential and tender adjustments
07:06 21.10.2024
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