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Ex-US climate ambassador Kerry urges more green investing
2025-10-01
Former United States climate ambassador John Kerry sees energy transition as a great opportunity for the economy and investors. +Get the most important news from Switzerland in your inbox “It is the biggest economic transformation since the industrial revolution,” he told the Building Bridges sustainability conference in Geneva. + Swiss finance sector told to ‘green’ …
Trade unions push back on sale of Nestlé Waters
2025-09-29
A demonstration against the proposed sale of Nestlé Waters to a partner brought together around a hundred people at the company headquarters in Vevey on Monday. Trade union delegations came from seven European countries to make their voices heard. +Get the most important news from Switzerland in your inbox The demonstrators had travelled from France, …
UBS protests Swiss capital requirement proposal
2025-09-26
Switzerland’s government formally proposed giving UBS bank seven years to fully comply with higher capital requirements, confirming previous guidance. +Get the most important news from Switzerland in your inbox The biggest banks in Switzerland, most notably UBS, should “provide full capital backing for their participations in foreign subsidiaries,” the government said in a statement on …
Swiss lawmakers moot transit tourism tax
2025-09-26
Swiss lawmakers are proposing a tax on foreigners who drive through the country en route to other destinations. The government warns of complex implementation and high costs, and one expert doubts the usefulness of the tax. +Get the most important news from Switzerland in your inbox Senators have had enough of private transit traffic clogging …
Starbucks announces store closures in Switzerland
2025-09-25
The US coffee chain Starbucks has announced store closures in Switzerland as part of its global cost-cutting measures. Locations with insufficient customer footfall or no economic prospects are affected. +Get the most important news from Switzerland in your inbox The company announced on Thursday that the aim is to focus its offering more strongly on …
Swisscom to relocate jobs to Holland and Latvia
2025-09-24
Swisscom intends to relocate certain IT development tasks from Switzerland to Rotterdam and Riga. This was confirmed by the telecoms provider on Wednesday at the request of the news agency AWP. +Get the most important news from Switzerland in your inbox According to a report by CH Media, 1,000 to 1,400 employees will be working …
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 …
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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