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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, …
France’s wealthy shift funds to Luxembourg and Switzerland
2025-10-20
Political turmoil and tax threats have accelerated investment flows to havens, asset managers say. French entrepreneurs and wealthy families nervous about political turmoil at home are investing record amounts in Luxembourg-based annuities and shifting other funds to perceived havens such as Switzerland. Wealth managers, bankers and lawyers said the flow of personal investments out of …
Radical-Liberals back Switzerland-EU accords
2025-10-18
The Swiss Radical-Liberal Party is in principle in favour of the new package of agreements negotiated by the European Union and Switzerland. Party delegates in Bern voted 330-104 to support the packages. Nine delegates abstained from voting. +Get the most important news from Switzerland in your inbox Before the vote, supporters and opponents of the …
Patent battle in India tests Roche’s grip on rare disease market
2025-10-16
An Indian court has cleared the way for low-cost alternatives to Roche’s drug Evrysdi for spinal muscular atrophy. What’s behind the decision and what could it mean for rare disease patients everywhere? On October 9 the Delhi High Court refused to issue Roche an injunction to prevent generic manufacturers from making and selling a low-cost …
Swiss Post temporarily stops sending goods to the US
2025-08-25
As of Tuesday, Swiss Post will temporarily stop sending postal consignments to the US. This is due to new customs regulations from the US government. However, it will still be possible to send documents and express items to the USA. + Get the most important news from Switzerland in your inbox The US government has …
Swiss exports to US were growing before stinging tariffs
2025-08-21
Swiss exports to the United States inched up in July, the second straight month of expansion before President Donald Trump unexpectedly slapped a 39% tariff on the country. +Get the most important news from Switzerland in your inbox Foreign sales to the US, adjusted for seasonal swings, rose 1.1% from June, the Swiss Office for …
How US tariffs could disrupt the generic drugs supply chain
2025-07-01
Generic drugs run on thin margins and tight supply chains. Any disruption triggered by increased tariffs could raise prices, push some manufacturers out of the market and even worsen medicine shortages. Generic medicines – cheaper versions of branded drugs whose patents have expired – are the backbone of modern healthcare. They account for most prescriptions …
Swiss steel traders face price fixing probe
2025-06-26
The Swiss Federal Competition Commission (ComCo) has opened an investigation into four steel traders accused of illegal collusion.
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