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Trump’s tariffs expose weakness of Switzerland’s economic independence
2025-08-12
It’s not often that Switzerland finds itself at the sharp end of a global trade dispute. Even less often is it singled out with punitive action from a major trading partner. But this month, the US imposed a 39% tariff on most Swiss goods after a seven-day grace period lapsed. It is a rate more …
Nestlé fined by Swiss canton for illegally filtered water
2025-06-25
Nestlé has been fined CHF500,000 ($620,000) in its home canton of Vaud for the unauthorised use of activated carbon filters in the production of mineral water. The filters were used to produce Henniez water from 2008 to 2022. This was announced by the Vaud public prosecutor’s office on Wednesday. The use of activated carbon filters …
Economists slash Swiss GDP growth forecasts
2025-06-16
Following an increase in exports to the United States in the first quarter, the Swiss economy is bracing itself for a tariff backlash. +Get the most important news from Switzerland in your inbox In particular, dark clouds are gathering over the economic outlook for 2026. The State Secretariat for Economic Affairs (Seco) has lowered its …
Swiss bank Raiffeisen appoints new CEO
2025-06-11
Gabriel Brenna, Chief Executive Officer (CEO) of Liechtensteinische Landesbank (LLB) since 2021, has been appointed head of Raiffeisen Switzerland. The new CEO will take up his post on December 1, according to a Raiffeisen press release issued on Wednesday. Gabriel Brenna takes over from Heinz Huber, who stepped down at the end of December 2024. …
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