Industrial producers are more worried about a deficit of electricity than natural gas, a survey published Tuesday by the bank, Credit Suisse showed. Half of the firms polled are preparing for power outages while only a third are bracing for a lack of gas.
Amid the rising energy risk, a purchasing managers’ index among Swiss manufacturers dropped 2.2 points to 54.9 in October. That’s below the 55.9 reading forecast by economists but above the 50 threshold that separates growth from contraction.
The most popular step companies are taking to secure energy supplies is curbing consumption, followed by acquiring emergency generators or batteries. Other measures include installing solar panels.
Meanwhile, Credit Suisse chairman Axel Lehmann says the planned capital increase will make the lender “rock solid”, while dismissing rumours of a takeover.
In an interview with Bloomberg TV in Hong Kong, he said that the bank wanted to stay independent.
The bank aims to become a wealth management-centric franchise, centered around entrepreneurs, wealthy clients, the chairman said, adding that it wants to grow in Latin America, Asia Pacific and Middle East markets.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Man charged with flying drone at women’s Euro 2025
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A man flew a drone around the venue on Wednesday evening during the first match of the Women's EURO 2025 in St. Gallen. The 30-year-old violated the absolute ban on flying during match days. He was reported to the police.
More than 250 Swiss companies sign CO2 reduction initiative
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A total of 257 companies from Switzerland have signed up to the Science Based Targets Initiative (SBTi). In doing so, they are committing to CO2 reduction targets that are compatible with the Paris Climate Agreement.
Swiss accident prevention group sees federal targets at risk
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The Swiss government's target for accident figures is at risk, reckons Mario Cavegn, member of the executive board of the Swiss Council for Accident Prevention.
Feminicide: Swiss justice minister calls for electronic monitoring
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Swiss Justice Minister Beat Jans has called for electronic monitoring and an ankle bracelet warning system for perpetrators of violence against women.
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American artist Chaka Khan ‘and friends’ opened the 59th Montreux Jazz Festival on Friday. For over three hours, their show, dedicated to their friend and mentor Quincy Jones, thrilled the audience,
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The energy crisis is about to make your Swiss ski holiday more expensive
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Swiss hotels, holiday apartments and ski passes look set to be more expensive this winter, largely due higher energy prices.
Report: Switzerland should get through winter without power restrictions
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While Switzerland still faces an energy crunch, it should get through winter with enough power, a new study reportedly shows.
Energy crisis ‘will last many years’, says economics minister
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Guy Parmelin says it is important not only to think about the winter, but to do everything to ensure that Switzerland produces more energy.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.