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Swiss logistics group Kuehne+Nagel to cut up to 1,500 jobs
2025-10-23
Swiss logistics group Kühne+Nagel is launching a cost-cutting program, which will slash 1,000 to 1,500 full-time positions, following a slump in profits. +Get the most important news from Switzerland in your inbox Turnover fell by 7% to CHF6.04 billion. Gross profit adjusted for volatile freight tariffs fell by 4% to CHF2.11 billion. As a result, …
Pfizer deal gives Novartis and Roche stock boost
2025-10-01
Pharmaceutical stocks rebounded in a big way on the Zurich stock exchange in the wake of a tariff agreement reached by Pfizer in the United States. +Get the most important news from Switzerland in your inbox Long under pressure due to intentions to regulate drug prices in the US, companies are breathing a sigh of …
Switzerland braces for 100% US medicine tariff
2025-09-26
United States President Donald Trump has announced new tariffs on medicines, lorries and furniture produced outside the US. +Get the most important news from Switzerland in your inbox From October 1, “we will apply a 100% tax on all branded and patented pharmaceutical products, unless a company BUILDS its pharmaceutical plant in America”, Trump wrote …
US tariffs force Switzerland to rethink trade ties
2025-09-24
United States trade policy is rattling countries worldwide and prompting them to redirect trade flows at record speed. This is also how Switzerland is responding. US tariffs have put many countries in a tight spot. Persistent uncertainty is only making matters worse: will the US president suddenly slap on further tariffs, despite all concessions, as …
Swiss SME sentiment remains stable despite steep US tariffs
2025-09-11
Despite the high US tariffs, the mood among Swiss SMEs has hardly deteriorated. However, two-thirds of export-oriented companies have now adjusted their export strategy, with one in ten even questioning it as a whole. The mood among small and medium-sized enterprises (SMEs) in Switzerland is stable despite the high US tariffs, according to the study …
Gold will not be subject to tariffs, says Trump
2025-08-12
‘Gold will not be subject to tariffs,’ American President Donald Trump wrote on the social network Truth Social on Monday. Last week, it was unclear whether the new tariffs would also be imposed on gold bars from Switzerland. Trump himself weighed in on the issue of gold tariffs after confusion and panic triggered by the …
WTO improves its world trade forecast thanks to Trump’s tariffs
2025-08-09
The World Trade Organisation (WTO) expects world trade to grow by 0.9% this year, better than expected in April. US imports surged in the first quarter as a result of Donald Trump’s tariff announcements. Imports to the US rose by 11% in the first half of the year compared with the same period last year, …
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