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UBS boss Sergio Ermotti plans to step down in April 2027
2026-01-13
Race for coveted role comes as bank fights Swiss government over threat of more stringent capital buffers. UBS chief executive Sergio Ermotti is planning to step down in April 2027, firing the starting gun on the race for one of the biggest jobs in global banking. Ermotti, who returned to run UBS in 2023 following …
Most Swiss political parties object to proposal to tax electric vehicles
2026-01-11
The Swiss government’s proposal to impose a new tax on electric vehicles by 2030 is causing an uproar. The political parties, the Transport and Environment Association and the Touring Club of Switzerland (TCS) are all calling for changes or to reject the proposal. +Get the most important news from Switzerland in your inbox The consultation …
Timeline: How US President Trump upended the pharma industry in 2025
2025-11-18
United States President Donald Trump’s planned tariffs on pharmaceuticals have disrupted the industry. Here’s a timeline of developments affecting this sector since he came into office in January 2025. Traditionally opaque negotiations for drug prices have left Americans paying two to three times more for patented drugs than Europeans do on average. US President Donald …
Swiss investors push for UBS to settle over Credit Suisse bond write-off
2025-11-17
Swiss bondholders are exploring ways to push for a settlement with UBS, after a court ruled that the CHF16.5 billion ($20.8 billion) write-off of Credit Suisse bonds during the bank’s 2023 rescue by its rival lacked a legal basis. The Swiss Federal Administrative Court delivered a surprise ruling last month that market regulator FINMA’s order …
New tariffs could enter into force in 10-12 days, says Swiss economics minister
2025-11-15
Swiss Economics Minister Guy Parmelin says the date of entry into force of new customs tariffs with the US is unclear – but could possibly begin in 10-12 days. +Get the most important news from Switzerland in your inbox “It takes a bit of time,” Parmelin told Swiss public radio, SRF, on Friday. The US …
Swiss economics minister praises ‘very good’ tariff talks with US
2025-11-14
Swiss Economics Minister Guy Parmelin was upbeat on Thursday after his visit to Washington to discuss tariffs. +Get the most important news from Switzerland in your inbox “We had a very good discussion and were able to clarify almost all the points,” he told Swiss public radio SRF. “As soon as these points have been …
Two Swiss parties face dilemma on agreements with EU
2025-09-25
The Centre Party and the Radical-Liberal Party are struggling to define their stance on new agreements between Switzerland and the European Union. Much is at stake for both, including their influence. The debate offers significant potential for them to make political gains, our analysis shows. It is the middle of the legislative term. Since June, …
Switzerland halts work on futuristic underground freight transport facility
2025-09-22
The federal government, the local cantons and the city of Zurich are suspending further work on the Cargo Sous Terrain project for an underground freight transport facility for the time being. The reason for this is that the requirements have not been met. According to a statement issued by the Federal Office of Transport (FOT) …
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