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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 government to make more attractive offer in US trade talks
2025-08-04
The Swiss government is seeking to make an even more attractive offer in talks with the US as it announced on Monday. No countermeasures are currently planned. +Get the most important news from Switzerland in your inbox The Swiss government is determined to continue talks and negotiations with the US beyond the present Memorandum of …
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 …
Nestlé leans on price increases to offset lower sales
2025-07-24
Nestlé continued to grow in the first half of 2025 – but high costs put some pressure on profitability. Business in China also weakened. The Swiss food giant is sticking to its margin targets for the year as a whole. Sales for the period from January to June totalled CHF44.2 billion – around 1.8% less …
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