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Fewer retailers accept cash in Switzerland
2025-10-30
For the most part, the Swiss population can still choose between paying with cash, payment cards and payment apps when shopping and visiting restaurants. However, cash is less and less accepted in retail trade and on public transport. + Get the most important news from Switzerland in your inbox Overall, cash is accepted by fewer …
Swiss cablecars post CHF1.8 billion turnover in 2025
2025-10-28
Swiss cablecar companies recorded a turnover of CHF1.8 billion in 2025. Strong growth was recorded in the summer months in particular, said the Swiss Cableways Association. + Get the most important news from Switzerland in your inbox Compared to the previous year, the cablecars increased their turnover by CHF200 million. The results for 2025 are …
Swiss Senate votes to extend short-time working to counter tariffs
2025-09-10
The Swiss Senate has approved the extension of short-time working compensation from 18 to 24 months in the face of United States tariffs. +Get the most important news from Switzerland in your inbox Businesses have demanded the measure since since tariffs were raised. It has now cleared the first parliamentary hurdle. According to the parliamentary …
Swiss inflation stays steady in face of US tariffs
2025-09-05
Swiss inflation stayed positive for a third consecutive month, offering reassurance to policymakers as they also evaluate if the economy can weather a jump in United States tariffs. +Get the most important news from Switzerland in your inbox Consumer prices rose 0.2% from a year ago in August, matching the increase of the previous month, …
Vitol: the secretive trading giant minting fortunes for its employees
2025-09-03
The commodity house is among world’s most profitable companies and has returned $20 billion to senior staff over past three years. Across two floors of an unremarkable office block tucked between Buckingham Palace and London’s gritty Victoria coach station sits one of the most profitable but least known companies in the world. Commodity trader Vitol …
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