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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 …
Swiss Alpine solar farms show promise – and limits
2026-01-12
Switzerland is developing large solar farms in the mountains to increase the generation of renewable power, especially in winter. They are being rolled out under the federal “Solar Express” scheme, launched in 2022, which has met with mixed success. An analysis by Swiss public TV, SRF. The Swiss government launched the “Solar Express” initiative (see …
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 …
White House hails ‘historic’ tariff deal with Switzerland
2025-11-17
The White House has praised the framework for a ‘historic trade deal’ negotiated with Switzerland. The agreement announced on Friday promises a lower US import tariff rate of 15% for Switzerland – down from 39% – in return for $200 billion in investments by Swiss companies in the US. +Get the most important news from …
US tariff rate cut: Swiss press are upbeat but warn of high cost
2025-11-15
The Swiss media has breathed a collective sigh of relief following the announcement of a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the US by the end of 2028. But newspaper editorials …
Swiss tech sector feels the squeeze of Trump’s tariffs
2025-11-14
The Swiss tech industry remains under heavy pressure. On top of global political uncertainty and a strong Swiss franc, US tariffs are making life difficult for companies, it was reported on Friday. +Get the most important news from Switzerland in your inbox Turnover rose by 3% in the third quarter of 2025 compared to the …
Swiss National Bank keeps key interest rate at zero
2025-09-25
The Swiss National Bank (SNB) is taking a break from interest rates. After six consecutive interest rate cuts, the key interest rate will remain at 0.00%, the SNB announced on Thursday. +Get the most important news from Switzerland in your inbox Inflationary pressure is practically unchanged compared to the previous quarter, the SNB wrote in …
Thyssenkrupp Presta cuts 570 jobs in Switzerland and Liechtenstein
2025-09-22
The crisis in the automotive industry is also hitting Switzerland hard. Thyssenkrupp Presta, a group specialising in the production of steering systems for cars, will cut up to 570 jobs in Liechtenstein and the Swiss canton of Appenzell Inner Rhodes. Over the next 12 months, the workforce will be reduced by a quarter, the subsidiary …
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