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UBS chair talked to Scott Bessent about moving bank to US
2025-11-17
UBS chair Colm Kelleher and US Treasury secretary Scott Bessent have privately discussed moving the bank’s headquarters to the US, as the Zurich-based lender explores contingency plans to leave Switzerland if the government does not back down on new capital rules. Kelleher and Bessent held talks in recent months about what a move to the …
US tariff negotiations reaffirm Switzerland’s role as a gold hub
2025-11-17
Refined gold was a major part of the negotiations that saw United States tariffs on Switzerland lowered to 15%. Here’s how the Swiss came to dominate the sector. It is difficult to fathom the enormous quantity – and value – of gold that arrives in Switzerland every year. In 2023, Switzerland imported approximately 2,372 tonnes …
Almost half of Swiss medium-sized firms affected by global ESG rules
2025-11-09
Close to 42% of medium-sized companies in Switzerland with 50 to 249 employees are directly affected by international Environmental and Social Governance (ESG) regulations. This is the result of a new study by the University of Applied Sciences Graubünden. Among smaller SMEs with 10 to 49 employees, the proportion is 39%. They are also increasingly …
The high stakes fight over drug prices
2025-09-19
How much is a new drug worth? That’s the million-dollar question that health authorities around the world are grappling with as pharma companies demand higher prices. Drug companies and regulators around the world are increasingly at loggerheads over prices for new medicines. In Switzerland, pharma giant Roche recently pulled a cancer drug from the market …
Swiss engineering giant ABB invests in California AI company
2025-09-17
ABB has invested in California company LandingAI through its Robotics division. This collaboration, the first of its kind, should eventually lead to the development of autonomous and versatile robots. +Get the most important news from Switzerland in your inbox The LandingLens platform makes it possible to identify and process objects, processes or faults, without the …
Switzerland tops Global Innovation Index
2025-09-16
Switzerland remains the most innovative country in the world, according to an index published on Tuesday by the World Intellectual Property Organisation (WIPO) in Geneva. The country comes out ahead of Sweden and the United States, while China has entered the top ten for the first time. +Get the most important news from Switzerland in …
Luxury market slows down worldwide, but not in Switzerland
2025-07-29
The luxury market is slowing down worldwide in the wake of falling demand in important regions such as China, but continues to pull in Switzerland. +Get the most important news from Switzerland in your inbox In 2024, it grew by a further 3.5% to reach a volume of CHF5.4 billion, according to an analysis published …
SIX Swiss exchange sees profit plunge at mid-year
2025-07-28
Swiss stock exchange operator SIX had to absorb a further setback to its stake in France’s Worldline in the first six months of the year, causing its profits to fall sharply. +Get the most important news from Switzerland in your inbox Operating income rose by 4% to CHF823 million ($1 billion), SIX reported on Monday. …
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