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EU rail expansion bypassing Switzerland
2025-12-10
The European Union is planning a vast expansion of its high-speed rail network, which would not pass through Switzerland. At the same time, Swiss Federal Railways is developing direct connections to Europe. +Get the most important news from Switzerland in your inbox This weekend, the timetable change takes effect. For international services, Swiss Federal Railways …
Swiss hotel industry heading for new highs after strong summer
2025-12-08
The Swiss hotel industry remains on course for a record year. After another increase in overnight stays in October, the industry can look back on a consistently strong summer season. In October, the number of overnight stays climbed by 4.1% year-on-year to 3.47 million, as reported by the Federal Statistical Office (FSO) on Monday. Swiss …
Switzerland adopts negotiating mandate for tariff agreement with US
2025-12-05
The Swiss government approved the draft negotiating mandate for a trade agreement with the United States on Friday. It will now consult the relevant parliamentary committees and the cantons. +Get the most important news from Switzerland in your inbox The basis for the negotiating mandate is the legally non-binding declaration of intent between Switzerland and …
Swiss commodities trader Glencore cuts 1,000 jobs
2025-12-03
Swiss commodities giant Glencore has eliminated around 1,000 posts as part of its turnaround plan announced in August. +Get the most important news from Switzerland in your inbox At the end of last year, the Zug-based multinational had some 84,000 employees. When questioned by the AWP agency, the company declined to provide any further details …
OECD expects only moderate Swiss economic growth
2025-12-02
According to the OECD, the Swiss economy is likely to pick up only slightly in the coming years. The lower tariff rates in trade with the United States are improving the outlook slightly, but growth will be driven primarily by domestic consumption. +Get the most important news from Switzerland in your inbox The Organisation for …
Credit Suisse loses Greensill lawsuit against Softbank
2025-10-16
Swiss bank Credit Suisse, which was taken over by rival UBS, has lost a lawsuit in the United Kingdom against the Japanese investment group Softbank over claims related to Greensill funds. + Get the most important news from Switzerland in your inbox Credit Suisse had been seeking damages from Softbank totalling $440 million (CHF350 million). …
Philip Morris: smoke-free cigarettes under investigation in Italy
2025-10-15
The Italian competition authority announced on Wednesday that it had opened an investigation into Philip Morris Italia for promoting smoke-free electronic cigarettes. + Get the most important news from Switzerland in your inbox The Italian subsidiary of the major American cigarette manufacturer, whose operational headquarters are in Lausanne, is suspected of “incorrect commercial practices” after …
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