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Swatch CEO’s pay falls to CHF4.7m after profit slump in 2025
2026-03-18
Swatch Group CEO Nick Hayek took a pay cut in 2025 after the watchmaker reported a nearly 90% plunge in profits. +Get the most important news from Switzerland in your inbox According to the company’s 2025 annual report published on Wednesday, the Swatch boss received total remuneration of CHF4.7 million ($6 million), down from CHF5 …
Most of world’s largest fashion firms off course to meet climate targets
2026-03-14
Despite ambitious climate targets, only 3 of the 42 largest clothing brands in the world are on a clear path to limiting global warming to 1.5°C. Two Swiss companies, On and Mammut, received middling grades in the Fossil-Free Fashion Scorecard 2025 by NGO Stand.earth. +Get the most important news from Switzerland in your inbox Mammut …
Thermal baths are multiplying and moving upmarket in Swiss resorts
2026-01-23
From the ‘Aquae Helveticae’ of Roman times to futuristic spa complexes, Switzerland’s thermal water tradition spans two millennia. Today, several resorts are investing heavily in luxury and immersive wellness experiences. But as the sector expands, questions arise about sustainability and limits: how far can wellness fever go? People were already bathing at Aquae Helveticae some …
WEF analysis: Loud Trump in quiet Switzerland
2026-01-23
Donald Trump dominated the WEF to such an extent that it was difficult for many observers to watch, according to an analysis by journalist Jan Baumann of SRF. This was due in no small part to Trump’s disparaging remarks about other heads of state, including Swiss Finance Minister Karin Keller-Sutter. However, the numerous business leaders …
Nestlé competitors also face tainted baby formula pressure
2026-01-21
The tainted baby formula crisis has spread from Swiss food producer Nestlé to French rival Danone and dairy group Lactalis. + Get the most important news from Switzerland in your inbox Lactalis has withdrawn six batches of Picot-brand baby formula from the transalpine market after the presence of cereulide was detected in an ingredient from …
Swiss Senate votes against Swedish night train subsidy
2025-12-02
The Swiss Senate wants to cancel a federal contribution of CHF10 million to run night trains to Malmö, Sweden. +Get the most important news from Switzerland in your inbox The Senate made the decision by a clear majority on Tuesday when discussing the budget for 2026. The subsidy is planned for an overnight connection from …
Swiss alliance of parties submits referendum against individual taxation
2025-10-09
A non-partisan alliance submitted 65,672 signatures on Thursday in favour of a referendum against the introduction of individual taxation. According to the alliance, the reform passed by the Swiss parliament will probably be put to voters in March 2026. The signatures were submitted by members of several parties: The Centre, the right-wing Swiss People’s Party, …
‘Around 20,000 jobs at risk’ in Switzerland over US tariffs
2025-10-08
The 39% tariffs imposed by the US could cost the Swiss economy up to 20,000 jobs, says UBS economist Thomas Veraguth. +Get the most important news from Switzerland in your inbox “The uncertainty is at all levels, but it is obviously very different from one company to another,” the expert emphasised in an interview broadcast …
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