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Swatch CEO expects spike in demand due to US tariffs
2025-08-06
Nick Hayek called the 39% tariff imposed by the US on Switzerland as “arbitrary” and “unjustified”. However, he said that these tariffs will boost the watch group’s business. “I am convinced that Donald Trump wants to reach an agreement and show it to his voters in the United States. I am confident that the 39% …
Swiss stock market shaken by tariff announcement
2025-08-04
The Swiss stock market was shaken on Monday morning after Friday’s blow from tariff talks. It remains to be seen how the Swiss government will proceed following the announcement of 39% customs duties. +Get the most important news from Switzerland in your inbox The Swiss Market Index fell as much as 1.9% Monday, although it …
SWISS sees its operating profit fall mid-year
2025-07-31
SWISS Airlines saw its adjusted operating profit fall by more than a quarter in the first six months of the year, to CHF195.1 million ($240 million). Caution is called for in the second half of the financial year, the Lufthansa subsidiary said on Thursday. In the first half of the year, operating income remained virtually …
Glencore sees copper production plummet in first half of year
2025-07-30
Commodities giant Glencore has published its production report for the first half of the year, which was marked by a sharp fall in copper volumes. +Get the most important news from Switzerland in your inbox Steelmaking coal, meanwhile, rose sharply following the takeover of Canada’s Elk Valley Resources (EVR). From January to June, copper production …
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