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US court dismisses Credit Suisse lawsuit against Switzerland
2025-10-01
A United States court says Switzerland is not liable for losses incurred by creditors in connection with so-called AT1 bonds in the takeover of Credit Suisse by UBS. +Get the most important news from Switzerland in your inbox This was decided by a US District Court in New York. The Swiss Federal Department of Finance …
Price of gold reaches record amid fears of US government shutdown
2025-09-30
The price of an ounce of gold continued to rise on Tuesday morning. After reaching $3,850 on Monday night, it rose to $3,870 on Tuesday, buoyed by the risk of budgetary paralysis in the United States, the so-called “shutdown”. +Get the most important news from Switzerland in your inbox At around 7:35am on the last …
How fillers and flavours help reduce cocoa in chocolate treats
2025-09-26
Record high prices of cocoa beans have boosted the development and adoption of cheaper replacement options which provide the same chocolate taste – for less. Food companies have seen their profit margins hit by record cocoa prices caused by two successive years of unfavourable weather in West Africa in 2023 and 2024, where 75% of …
Tariffs dampen Swiss economic growth prospects
2025-09-24
The Swiss economy is likely to grow much more slowly in the coming year than was assumed in the summer, according to experts from the KOF Swiss Economic Institute at ETH Zurich. +Get the most important news from Switzerland in your inbox The US tariff hammer of early August and the various uncertainties are to …
One in three new vehicles in Switzerland are plug-ins
2025-08-05
The Swiss car market grew in July, thanks to a carryover of registrations from June. Since the start of the year, the decline has been close to 5%. +Get the most important news from Switzerland in your inbox During the month under review, 19,629 passenger cars were registered in Switzerland and the Principality of Liechtenstein, …
UBS settles Credit Suisse legacy case in the US
2025-08-04
UBS has reached an agreement in the US with the US Department of Justice (DOJ) for another Credit Suisse legacy issue. As part of the settlement concerning so-called mortgage-backed securities, UBS will pay $300 million (CHF242 million), as announced on Monday. +Get the most important news from Switzerland in your inbox The mortgages in question …
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 …
Swiss braced for price increases as tariffs rise
2025-07-30
The Swiss population is bracing for rising prices and negative consequences for companies due to the global tariffs, according to a survey by the market research institute YouGov. +Get the most important news from Switzerland in your inbox The survey also reveals that the population is well informed about customs policy. Some 70% of respondents …
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