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The Swiss parliament's spring session will focus on key issues, including the election of a new Federal Council member to succeed Viola Amherd on March 12, and the repercussions of the Credit Suisse crisis, with proposed banking regulations under review. Debates will also cover individual taxation reforms, climate initiatives, asylum policies, military funding, and a citizen service initiative aimed at engaging youth in community service. Various laws and interventions, including a free-trade agreement with India and health insurance reforms, are also on the agenda.
Richard Dindo, the renowned Swiss filmmaker and documentary maker, passed away at the age of 80 in a Paris hospital, surrounded by family. His contributions to cinema have left a lasting impact on the industry. In other news, rents in Switzerland are on the rise, with a 0.2% increase in January and a 3.1% annual growth, driven by significant hikes in low-tax cantons.
Switzerland faces significant developments as SGS plans to relocate its headquarters from Geneva to Zug, citing high construction costs and better transport links. Meanwhile, UBS reports a surprising profit of $5.1 billion for 2024, following its acquisition of Credit Suisse, while Swiss Solidarity raised 34.4 million francs for various humanitarian efforts. In politics, the Center's all-male ticket for the Federal Council election has sparked criticism for its lack of gender diversity.
Migros plans significant price cuts to compete with Aldi and Lidl, aiming to retain customers and reduce their migration to discounters. However, concerns arise regarding the impact on farmers' incomes, as lower prices may pressure suppliers, potentially leading to a negative price spiral in agriculture. Economists express skepticism about the sustainability of Migros' strategy amidst fierce competition.
The healthcare industry has reached a wage proposal agreement, while Israel intensifies its military actions against Hizbullah in Lebanon, leading to a worsening humanitarian crisis. In other news, the Swiss Farmers' Association supports expanding national roads despite the loss of cultivated land, and entrepreneur Roberto Martullo is set to acquire the shoe manufacturer Künzli, with the transition overseen by previous owner Barbara Artmann until mid-2025.
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Swiss parliament to address Federal Council elections and banking reforms
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09:36 20.02.2025
swiss filmmaker richard dindo passes away at 80 in paris hospital
11:15 14.02.2025
swiss news highlights economic shifts political nominations and charity efforts
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17:01 04.02.2025
Migros price cuts spark competition with Aldi and Lidl amid farmer concerns
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21:30 29.10.2024
roberto martullo acquires traditional shoe manufacturer kunzli with transition plan
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17:00 23.10.2024
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