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Swiss firm RUAG to assemble and test four F-35A fighter jets
2025-10-09
Four of the 36 F-35A fighter jets ordered by Switzerland from the United States will undergo final assembly and testing at RUAG’s site in canton Lucerne. The defence company is exploring how it can turn itself into a European centre for military aviation. The Swiss defence ministry is supporting the so-called RIGI project, defence company …
ABB to sell robotics division to Softbank Group
2025-10-08
The Swiss-Swedish technology group ABB is selling its robotics business to the SoftBank Group for $5.4 billion (CHF4.3 billion). +Get the most important news from Switzerland in your inbox The original idea of a spin-off of the business as an independently listed company will therefore not be pursued further, as ABB announced on Wednesday. The …
Last Swiss paper manufacturer cuts jobs due to high costs
2025-08-12
Perlen Papier in Root, canton Lucerne, plans to cut 65 jobs to reduce costs. In addition to measures to increase efficiency and reduce costs, job cuts are also unavoidable, the company announced in a statement on Monday. Employees have been informed of the measures and a social plan will be implemented, the statement added. +Get …
Swiss government working with firms to overcome high US tariffs
2025-08-10
The Swiss delegation that travelled to Washington has returned from talks on tariffs in the United States. The negotiations are now being conducted under the aegis of the government and the federal administration. “The federal administration has very close and regular contacts with the Swiss economy at all levels. Such cooperation has always been a …
Swisscom sees profit decline as Vodafone Italia integration drags on
2025-08-07
Profits fell in the first half of the year for Swisscom. On the back of the costs of the Vodafone Italia integration, the telecoms provider posted a net profit of CHF625 million ($773 million), 25% lower than in the same period last year. +Get the most important news from Switzerland in your inbox Thanks 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 …
Swiss National Bank supports measures to increase UBS’s equity capital
2025-06-19
The Swiss National Bank (SNB) supports the federal government’s measures to strengthen the capitalisation of UBS’s foreign holdings. The loss potential for the big bank under the various stress scenarios remains substantial. +Get the most important news from Switzerland in your inbox Swiss bank UBS already fulfils the “too-big-to-fail” capital requirements that will be implemented …
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