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Swiss banks stung with CHF237m rates rigging fine
2025-12-18
Twenty Swiss banks have been fined CHF237.5 million by the Competition Commission (ComCo) after a long-running investigation into collusion on the financial market. +Get the most important news from Switzerland in your inbox In total, ComCo investigated agreements on the financial market in nine separate proceedings over a period of more than ten years. The …
Uber: Swiss user trends in 2025
2025-12-15
Uber has for the first time published details of how Swiss residents use the popular ride-hailing app service. + Get the most important news from Switzerland in your inbox For many Swiss residents, Uber is now part of everyday life. Last year’s most frequent user was a Zurich man, who made 1,260 trips, an average …
Swiss interest rates remain at 0%
2025-12-11
The Swiss National Bank (SNB) has left its key interest rate unchanged at zero percent. This level is unlikely to change significantly in the foreseeable future. +Get the most important news from Switzerland in your inbox According to the SNB, the current key interest rate supports economic growth, meaning it is expansionary. At the same …
Swatch confirms Italian competition probe
2025-12-10
Swatch Group says that the Italian competition authority (AGCM) had carried out inspections at the company’s premises in Italy. +Get the most important news from Switzerland in your inbox Swatch confirmed to AWP that the AGCM suspects the Biel-based watchmaker of engaging in anti-competitive practices. In particular, investigators suspect Swatch Group of imposing sales prices …
HAYA Therapeutics CEO sees a future where his therapy could treat cancer and Alzheimer’s
2025-10-25
Samir Ounzain, CEO of science start-up HAYA Therapeutics, talks about the limits of entrepreneurship in Switzerland, entering the US market and how his therapy for heart disease could change the world of medicine. Founded in 2019, HAYA Therapeutics aims to pioneer an approach to treating disease by turning sick cells back into healthy ones. The …
A third of Swiss chief financial officers expect local job cuts
2025-10-22
According to a survey by the consulting firm Deloitte, Swiss chief financial officers (CFOs) are somewhat pessimistic about the future. In view of the strong Swiss franc and the US tariffs, many expect local jobs to be relocated abroad. +Get the most important news from Switzerland in your inbox According to the survey of 119 …
Swiss machinery sector continues to suffer from shrinking demand
2025-08-26
The Swiss machine and engineering industry remains caught in a downward spiral. In the current year, the number of orders have continued to fall, as has turnover. The industry association Swissmem assumes that the order situation will deteriorate even further. The main reason for this is the US tariff hike at the beginning of August. …
Chinese firm Baidu to launch European robotaxi business in Zurich
2025-08-25
The Chinese technology group Baidu is set to establish a presence in Zurich to launch driverless vehicles in Europe. This was announced by Yong Gessner, the European head of Baidu’s Intelligent Driving Group, in the Neue Zürcher Zeitung on Monday. + Get the most important news from Switzerland in your inbox Gessner told the newspaper …
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