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public transport struggles in cities amid rise of home office work
Public transport in cities is struggling due to the rise of remote work, with Zurich and Basel reporting significant passenger declines compared to pre-pandemic levels. In contrast, transport companies in agglomerations are thriving, and Lausanne's public transport has seen growth.The Federal Council has drastically reduced interest rates for Covid-19 loans, with rates dropping to 0.25% for loans up to CHF 500,000. Meanwhile, UBS is rumored to consider relocating its headquarters abroad if capital regulations tighten, as Swiss authorities demand a CHF 25 billion increase in capital.
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