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Gunvor warns of fuel shock as $22 billion Lukoil deal prompts concern over Russia ties
2025-11-06
The Swiss trader’s audacious swoop on Russian group’s overseas assets revives industry speculation over Kremlin links. Europe faces job losses and disruption to its fuel supplies if Gunvor’s bold deal for $22 billion of overseas assets owned by Russia’s Lukoil is blocked, the head of the Swiss commodity trader has warned. The move to snap …
Swiss chocolate maker Barry Callebaut boosts profits after price hikes
2025-11-05
Swiss chocolate maker Barry Callebaut saw its profits increase in the 2024/25 financial year (to the end of August), despite a selling less chocolate. +Get the most important news from Switzerland in your inbox Revenues rose by 42.4% to CHF14.79 billion, boosted by price increases, the cocoa products processor and trader reported on Wednesday. Sales …
Switzerland optimistic about COP30 climate meeting
2025-11-02
Despite the delicate geopolitical context, the Swiss government is optimistic about the upcoming 30th United Nations Climate Change Conference (COP30) in Brazil, which opens on November 10. + Get the most important news from Switzerland in your inbox “The fact that so many countries are cooperating despite all the difficulties is already a success,” Swiss …
SWISS to reduce flight destinations from Geneva
2025-10-30
Swiss International Airlines (SWISS) will be reducing the number of short-haul flights out of Geneva Airport from summer 2026. The airline cites a lack of resources. + Get the most important news from Switzerland in your inbox “We are reducing the number of destinations from Geneva because we need to optimise the use of our …
Trump effect dampens Swiss wanderlust to US
2025-09-10
The Swiss are travelling less to the United States in the wake of the impact caused by President Donald Trump, says the Swiss Travel Federation (FSV). +Get the most important news from Switzerland in your inbox In the first six months of 2025, travel in the US fell by 6% compared to the same period …
Swiss economics minister pays short-notice visit to US
2025-09-05
Swiss Economics Minister Guy Parmelin travelled to the United States at short notice on Friday to hold ministerial level talks. +Get the most important news from Switzerland in your inbox The economics ministry has not yet commented on further details of the trip. + What do the 39% US tariffs mean for the Swiss economy? …
Swiss government calls for counter-proposal to the Responsible Business Initiative
2025-09-03
The federal government wants to counter the new Responsible Business Initiative with an indirect counter-proposal. The future regulations should be based on new provisions currently being discussed in the European Union. The national government does not want to go any further. +Get the most important news from Switzerland in your inbox On Wednesday, it set …
Swiss pharma firm Sandoz invests $440 million in Slovenia
2025-07-02
Sandoz is expanding its presence in Slovenia. The Basel-based generics giant has launched the construction of a new biosimilars production centre in Brnik at a cost of $440 million (CHF349 million). +Get the most important news from Switzerland in your inbox The announcement brings current and planned investments in the small Alpine country to more …
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