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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 …
Swiss army knife maker relieved by US tariff cut
2025-11-19
The CEO of Swiss army knife maker Victorinox as reacted with relief to the reduction in United States tariffs on Swiss products to 15%. +Get the most important news from Switzerland in your inbox This creates a more manageable framework for exports, Carl Elsener told the AWP news agency on Wednesday. Thanks to this reduction, …
Swiss medtech fears major blow over US tariffs
2025-10-15
Suppliers of medical devices in Switzerland are watching closely the prospect of new customs duties in the United States, applicable to all non-US production. + Get the most important news from Switzerland in your inbox The US Department of Commerce is conducting an investigation until October 17 into the importation of a range of devices …
Switzerland enters digital trade deal with Singapore
2025-09-26
Switzerland is among the EFTA states ( also Iceland, Liechtenstein and Norway) that have signed an agreement on digital trade with Singapore. +Get the most important news from Switzerland in your inbox Swiss Economics Minister Guy Parmelin and representatives of the other EFTA states signed the deal with Singapore’s Minister for Trade Relations, Grace Fu, …
Swiss Senate votes to extend short-time working to counter tariffs
2025-09-10
The Swiss Senate has approved the extension of short-time working compensation from 18 to 24 months in the face of United States tariffs. +Get the most important news from Switzerland in your inbox Businesses have demanded the measure since since tariffs were raised. It has now cleared the first parliamentary hurdle. According to the parliamentary …
Vitol: the secretive trading giant minting fortunes for its employees
2025-09-03
The commodity house is among world’s most profitable companies and has returned $20 billion to senior staff over past three years. Across two floors of an unremarkable office block tucked between Buckingham Palace and London’s gritty Victoria coach station sits one of the most profitable but least known companies in the world. Commodity trader Vitol …
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. …
Swiss gold exports might not face US tariffs after all
2025-08-09
Gold exports to the United States may not be taxed after all. The White House plans to issue an executive order in the near future to clarify misinformation about the taxation of gold bullion, in particular. This announcement of a future clarification decree, transmitted on Friday by news agency AFP, follows information from US customs …
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