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Transatlantic tension, a MAGA gold rush, and a climate own goal
2026-02-18
Welcome to our press review of events in the United States. Every Wednesday I look at how the Swiss media have reported and reacted to three major stories in the US – in politics, finance and science. Gold is good, climate science is a scam. Those messages coming out of the US this week were …
Swiss are going cashless despite attachment to paper money
2026-02-18
Though still seen as a country where cash is king, Switzerland is well ahead of the pack when it comes to digital payments. Yet, more than anywhere else, physical money is still seen as a safe haven, and high-denomination banknotes continue to nestle in many wallets. Despite, or perhaps because of, the trend towards the …
Franc’s relentless rise alarms Swiss companies
2026-02-16
The franc’s relentless rise is “undermining the competitiveness” of Swiss exporters, trade groups have warned, as companies from Roche to Swatch warn on the hit from the currency’s trade war rally. The franc has risen 3% this year, on top of a 14% gain last year, taking it to CHF0.77 to the dollar for the …
Asia’s wealthy turn to Switzerland to park assets
2025-12-30
Swiss private banks report rising demand from Asian family offices and rich individuals to book assets in Europe. Swiss private banks are expanding their Asia-focused teams onshore in Switzerland, after a sharp rise in referrals and inquiries from the region during the past two years. Bankers said Asian family offices and ultra-wealthy individuals were increasingly …
The Geneva cardoon: a vegetable with spine
2025-12-27
The Christmas holidays mark the brief moment when Geneva’s spiny-leaved cardoon steps into the spotlight. Beyond its traditional growing area, however, the vegetable remains little known, despite its historical and gastronomic significance. Is there such a thing as a typical Swiss Christmas dish? A hard question, given the diversity of culinary traditions and the fact …
Gunvor drops $22 billion bid for Lukoil assets after US moves to block deal
2025-11-07
Treasury calls Swiss trader ‘Kremlin’s puppet’ and says it would block its licence to operate. Swiss commodity trader Gunvor said on Thursday that it was scrapping its $22 billion bid to buy Lukoil’s overseas assets after the US moved to block the deal. The Treasury said in a post on X on Thursday that it …
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