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Christmas sales in Switzerland see upswing
2025-12-30
Swiss retailers enjoyed a positive festive season, with some reporting solid sales growth despite cautious consumer sentiment. For Manor department stores, Christmas sales were slightly up on the previous year, a spokeswoman told the AWP news agency, without disclosing any figures. Clothing retailer PKZ reported a 5% year-on-year increase in sales, thanks in particular to …
Swiss Post delivered 3% more parcels over Christmas 2025
2025-12-29
Swiss Post sorted and delivered 23 million parcels between Black Friday at the end of November and Christmas. That’s 3.1% more than the previous year, the Post said in a press release on Monday. The peak of activity was recorded on December 2. On that day, Swiss Post employees processed 1.3 million parcels, a figure …
Gunvor drops $22 billion bid for Lukoil assets after US moves to block deal
2025-11-07
Treasury calls Swiss trader ‘Kremlin’s puppet’ and says it would block its licence to operate. Swiss commodity trader Gunvor said on Thursday that it was scrapping its $22 billion bid to buy Lukoil’s overseas assets after the US moved to block the deal. The Treasury said in a post on X on Thursday that it …
Swiss watch exports to US take tumble amid high tariffs
2025-09-18
Swiss watch exports went into a tailspin in August, after surging in July in response to tariffs imposed by the United States. Shipments of timepieces to the US plummeted by almost a quarter, following a 45% jump in July. +Get the most important news from Switzerland in your inbox Overall, Swiss watch exports fell by …
Singapore will not overtake Swiss financial centre, says Swiss Bankers Association president
2025-09-16
The Swiss financial centre is still well-positioned, despite the collapse of Credit Suisse, said the president of the Swiss Bankers Association (SBA) Marcel Rohner. “One cannot speak of a loss of importance,” said the 61-year-old in an interview published today by the Neue Zürcher Zeitung (NZZ). Singapore and Hong Kong were acknowledged as major competitors, …
US says Switzerland can order fewer fighter jets amid cost hike
2025-09-14
According to the American authorities, a possible reduction in the number of F-35 fighter jets ordered by Switzerland is possible. They have informed Switzerland that this could be an option for cushioning the massive cost increase. +Get the most important news from Switzerland in your inbox Kaj-Gunnar Sievert, a spokesperson for the Federal Armaments Office …
Swiss banks reject one in three applications for credit
2025-09-11
In 2024, 35.5% of consumer credit applications were rejected by lending institutions due to solvency problems. This is a record high and is significantly higher than the previous year’s rejection rate of 30.8%, says the comparison portal Kreditvergleich.ch. The analysis is based on data from the Swiss central registry for credit information. +Get the most …
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