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Fewer retailers accept cash in Switzerland
2025-10-30
For the most part, the Swiss population can still choose between paying with cash, payment cards and payment apps when shopping and visiting restaurants. However, cash is less and less accepted in retail trade and on public transport. + Get the most important news from Switzerland in your inbox Overall, cash is accepted by fewer …
Swiss cablecars post CHF1.8 billion turnover in 2025
2025-10-28
Swiss cablecar companies recorded a turnover of CHF1.8 billion in 2025. Strong growth was recorded in the summer months in particular, said the Swiss Cableways Association. + Get the most important news from Switzerland in your inbox Compared to the previous year, the cablecars increased their turnover by CHF200 million. The results for 2025 are …
Ex-UBS trader sues bank for ‘malicious’ Libor prosecution
2025-10-28
Tom Hayes, the former star UBS bank trader who became the face of the Libor rigging scandal, sued his former employer accusing it of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership. + Get the most important news from Switzerland in your inbox …
Whistleblowing platform led to dismissal of Nestlé CEO
2025-09-04
Laurent Freixe was removed from the top job at Nestlé because of an “undisclosed romantic relationship with a direct subordinate”. It was the company’s anonymous reporting platform Speak Up that first raised the alarm. Journalists in Switzerland, where Nestlé’s headquarters is based, could be forgiven for missing an email sent to their inboxes on September …
Switzerland launches transparent ChatGPT alternative
2025-09-02
Switzerland has entered the artificial intelligence (AI) race with the launch of a national Large Language Model (LLM) to provide an alternative to the likes of ChatGPT, Llama and DeepSeek. +Get the most important news from Switzerland in your inbox Designed by leading Swiss universities, the Apertus LLM is comparable to Meta’s Llama 3 model …
US court ruling on tariffs weakens US negotiating position with Switzerland
2025-08-31
According to the head of the Swiss-US Chamber of Commerce, the ruling by the US Court of Appeal on the tariffs weakens the US government’s negotiating position vis-à-vis Switzerland. +Get the most important news from Switzerland in your inbox Switzerland has sent its optimised offer to Washington. “The goal is clear: the tariff of 39% …
Swiss weapons exports grew 20% in first half of 2025
2025-07-08
Switzerland exported more than 20% more war materiel in the first half of 2025 compared to the same period last year. +Get the most important news from Switzerland in your inbox The State Secretariat for Economic Affairs (Seco) reported around CHF358 million worth of military equipment exports. Among the buyers of Swiss military equipment were …
Swiss shoe maker On employs one robot instead of 300 workers
2025-07-03
The Swiss running shoe company On has opened its first production site for the innovative Lightspray shoe – a fully automated robotic process. +Get the most important news from Switzerland in your inbox “Around 300 people normally work on a conventional shoe,” explained Caspar Coppetti, co-founder of On. With Lightspray technology, this work is done …
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