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Swiss National Bank keeps key interest rate at zero
2025-09-25
The Swiss National Bank (SNB) is taking a break from interest rates. After six consecutive interest rate cuts, the key interest rate will remain at 0.00%, the SNB announced on Thursday. +Get the most important news from Switzerland in your inbox Inflationary pressure is practically unchanged compared to the previous quarter, the SNB wrote in …
Swiss Post resumes shipping parcels to US for business customers
2025-09-18
From Monday, Swiss Post will once again be able to send some parcels from business customers to the United States. The prerequisite for this is a billing relationship. Swiss Post announced on Thursday that it will once again provide Swiss businesses, such as online retailers, with a postal shipping service that complies with the new …
Nestlé Chairman Paul Bulcke steps down earlier than planned
2025-09-17
There is another major departure from the management of the Nestlé food group. Chairman of the Board of Directors Paul Bulcke is now stepping down early. His departure follows the dismissal of Nestlé CEO Laurent Freixe at the beginning of September. +Get the most important news from Switzerland in your inbox The pressure on 71-year-old …
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 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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