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UBS CEO Ermotti: ‘we never threatened to leave Switzerland’
2025-09-30
Sergio Ermotti, CEO of Swiss bank UBS, says he is confident that a good solution will be found regarding the bank’s capital requirements in Switzerland. +Get the most important news from Switzerland in your inbox The company addressed journalists on the day of the presentation of its official response to the consultation launched by the …
Novartis launches direct sales platform in US in bid to lower drug prices
2025-09-29
Novartis is starting a new chapter in US sales: On Monday, the pharmaceutical company announced that it will sell its psoriasis drug Cosentyx (secukinumab) directly to cash-paying patients in the US via a direct-to-patient (DTP) platform. +Get the most important news from Switzerland in your inbox This platform is set to launch on November 1, …
Swiss economy grew by 1.4% in 2024
2025-09-29
According to the latest data, the Swiss economy grew significantly in 2024. Gross domestic product (GDP) recorded an increase of 1.4% at the previous year’s prices, as reported by the Federal Statistical Office (FSO) on Monday. +Get the most important news from Switzerland in your inbox At current prices, it rose by 2.4% to CHF854 …
Switzerland enters digital trade deal with Singapore
2025-09-26
Switzerland is among the EFTA states ( also Iceland, Liechtenstein and Norway) that have signed an agreement on digital trade with Singapore. +Get the most important news from Switzerland in your inbox Swiss Economics Minister Guy Parmelin and representatives of the other EFTA states signed the deal with Singapore’s Minister for Trade Relations, Grace Fu, …
Swiss National Bank keeps key interest rate at zero
2025-09-25
The Swiss National Bank (SNB) is taking a break from interest rates. After six consecutive interest rate cuts, the key interest rate will remain at 0.00%, the SNB announced on Thursday. +Get the most important news from Switzerland in your inbox Inflationary pressure is practically unchanged compared to the previous quarter, the SNB wrote in …
Thyssenkrupp Presta cuts 570 jobs in Switzerland and Liechtenstein
2025-09-22
The crisis in the automotive industry is also hitting Switzerland hard. Thyssenkrupp Presta, a group specialising in the production of steering systems for cars, will cut up to 570 jobs in Liechtenstein and the Swiss canton of Appenzell Inner Rhodes. Over the next 12 months, the workforce will be reduced by a quarter, the subsidiary …
Chinese cryptocurrency exchange Jucoin to set up Swiss offshoot
2025-08-06
Zug’s Crypto Valley is getting a new addition. The Chinese cryptocurrency exchange Jucoin will set up its European headquarters in Baar, the company announced on Wednesday. With its clear regulation and innovation-friendly environment, Switzerland is the ideal base for Jucoin’s European expansion, according to the press release. By establishing its headquarters in Crypto Valley, the …
Swiss National Bank posts CHF15 billion loss in first half of the year
2025-07-31
The Swiss National Bank (SNB) slipped well into the red in the first half of 2025. In particular, the weakening US dollar since the start of the tariff turbulence at the beginning of April had a negative impact on the result. +Get the most important news from Switzerland in your inbox Overall, the SNB recorded …
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