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Nestlé appoints new Nespresso head
2025-09-26
Nestlé has appointed Alfonso Gonzalez Loeschen as CEO of Nespresso and member of the Executive Board. He will succeed Philipp Navratil, who was appointed as new group CEO following a scandal at the food giant. +Get the most important news from Switzerland in your inbox Loeschen, who is currently head of Nespresso North America and …
Swiss Senate backs foreign investment controls
2025-09-24
Switzerland’s Senate has backed plans to control foreign investment in Swiss companies. +Get the most important news from Switzerland in your inbox After the House of Representatives, the Senate adopted the government bill to this effect on Wednesday by 27 votes to 11, against the advice of its committee. The project aims to introduce a …
Swiss government wants a new law to secure gas supplies
2025-09-20
The supply of gas in Switzerland is to be regulated by means of a new special law (Gas Supply Act). On Friday, the government launched a consultation until December 19 on a draft. The aim is to increase the security of gas supply and to define clear rules for market access by end consumers, a …
Swiss watch exports to US take tumble amid high tariffs
2025-09-18
Swiss watch exports went into a tailspin in August, after surging in July in response to tariffs imposed by the United States. Shipments of timepieces to the US plummeted by almost a quarter, following a 45% jump in July. +Get the most important news from Switzerland in your inbox Overall, Swiss watch exports fell by …
Singapore will not overtake Swiss financial centre, says Swiss Bankers Association president
2025-09-16
The Swiss financial centre is still well-positioned, despite the collapse of Credit Suisse, said the president of the Swiss Bankers Association (SBA) Marcel Rohner. “One cannot speak of a loss of importance,” said the 61-year-old in an interview published today by the Neue Zürcher Zeitung (NZZ). Singapore and Hong Kong were acknowledged as major competitors, …
US sets deadline for Novartis and other pharma firms to lower prices
2025-08-01
US President Donald Trump says he has sent letters to 17 major pharmaceutical companies – including Swiss giant Novartis – calling for immediate measures to lower drug prices in the United States. Otherwise, they will face retaliatory measures. +Get the most important news from Switzerland in your inbox In letters addressed personally to the company …
Luxury market slows down worldwide, but not in Switzerland
2025-07-29
The luxury market is slowing down worldwide in the wake of falling demand in important regions such as China, but continues to pull in Switzerland. +Get the most important news from Switzerland in your inbox In 2024, it grew by a further 3.5% to reach a volume of CHF5.4 billion, according to an analysis published …
SIX Swiss exchange sees profit plunge at mid-year
2025-07-28
Swiss stock exchange operator SIX had to absorb a further setback to its stake in France’s Worldline in the first six months of the year, causing its profits to fall sharply. +Get the most important news from Switzerland in your inbox Operating income rose by 4% to CHF823 million ($1 billion), SIX reported on Monday. …
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