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Swiss authorities raise 2026 economic growth forecast
2025-12-15
Switzerland’s State Secretariat for Economic Affairs (SECO) has slightly raised its 2026 economic growth forecast following the recent agreement to lower US import tariffs on Swiss products. + Get the most important news from Switzerland in your inbox Swiss gross domestic product (GDP) is expected to rise by 1.4% this year and 1.1% in 2026, …
Swiss Post expects a ‘significant’ decline in profits
2025-10-26
According to interim CEO Alex Glanzmann, Swiss Post is expecting a significant drop in profits compared to last year. + Get the most important news from Switzerland in your inbox “We are expecting a low three-digit million figure”, said Glanzmann in an interview with Swiss German-language newspaper SonntagsBlick. Swiss Post generated a Group profit of …
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 …
UBS charges pension funds to hold their liquid assets
2025-09-01
Pension funds are complaining about ‘negative interest’ charges for holding liquid assets in accounts at Switzerland’s largest bank UBS. +Get the most important news from Switzerland in your inbox UBS’s letter is quite significant. At the end of June, the bank informed its institutional clients – primarily pension funds and insurance companies – in writing …
Zug judged most competitive Swiss canton
2025-08-28
Zug, Basel-City and Zurich top the list of Swiss cantons with the most competitive economies, according to a UBS study. Graubünden sits at the bottom of the rankings. + Get the most important news from Switzerland in your inbox The Cantonal Competitiveness Indicator (CCI) is based on 57 parameters that give information on the long-term …
Novartis given green light for infant anti-malaria drug
2025-07-08
Swiss medicines regulator Swissmedic has approved Coartem Baby, a Novartis anti-malaria drug developed for infants weighing between two and five kilos. +Get the most important news from Switzerland in your inbox This is a significant step in global efforts to improve access to life-saving treatments for vulnerable populations, Swissmedic wrote in a statement today. The …
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