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More than one third of firms in Switzerland are founded by foreigners
2025-09-30
More than one in three new companies in Switzerland will have been founded by foreigners by 2025. According to an analysis by the Institute for Young Entrepreneurs (IFJ), 37.5% of the total 40,867 new entries in the commercial register between January and September were made by people without a Swiss passport. +Get the most important …
Swiss fragrance firm Givaudan invests CHF40 million in China factory
2025-09-29
Flavour and fragrance giant Givaudan is inaugurating construction work on its new fragrance and beauty products factory in Guangzhou, southern China. Givaudan plans to invest CHF40 million ($50 million) to strengthen its capacities in the country. +Get the most important news from Switzerland in your inbox This inauguration “marks another important step in supporting the …
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 …
Business associations call for solidarity over US tariffs
2025-08-07
Swiss business associations have reacted drastically to the introduction of the US tariff of 39% on Swiss products. The Economiesuisse business federation has spoken of a “significant risk” for the country, while Swissmem calls the tariffs a “horror scenario”. +Get the most important news from Switzerland in your inbox A solution requires a coordinated approach …
How pharma became Switzerland’s Achilles heel in US trade talks
2025-08-06
The pharmaceutical industry is a major driver of the Swiss economy, but its strength has also made it a key vulnerability for Switzerland in trade talks with the US. President Trump’s announcement of a 39% tariff rate on Swiss goods alarmed business leaders and sent politicians scrambling to Washington. The rate is more than double …
Trump’s tariffs raise risk of negative interest rates in Switzerland
2025-08-05
In the wake of US President Donald Trump’s 39% tariffs imposed on Switzerland, the likelihood of the Swiss National Bank (SNB) going back to introducing negative interest rates is increasing, according to an analysis published today by Raiffeisen. +Get the most important news from Switzerland in your inbox The shock caused by the announcement of …
UN in Geneva calls for reform of tariffs on plastics
2025-07-31
The United Nations is calling for a reform of customs tariffs on plastics, which are lower than those imposed on alternatives. If it succeeds in Geneva in the next few weeks, an international treaty must address this issue, the UN said on Thursday. In a report published in Geneva, the UN Conference on Trade and …
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