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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 …
Swiss farmers downplay impact of US tariff deal
2025-11-16
The recent US tariff rate cut to 15% and the details of the framework trade agreement with Washington have raised questions about the consequences for the Swiss agricultural sector. But a senior Swiss Farmers’ Union official plays down the impact of the deal. +Get the most important news from Switzerland in your inbox The agreement …
Swiss Gruyère crowned world’s best cheese
2025-11-14
A Swiss Gruyère AOP cheese was crowned the world’s best cheese at the World Cheese Awards 2025, held this year in Bern, Switzerland. The prestigious international competition brought together more than 5,000 participants from 45 countries. +Get the most important news from Switzerland in your inbox The 18-month-old award-winning Gruyère comes from the Vorderfultigen cheese …
Switzerland plans extra taxes on electric vehicles
2025-09-26
Electric vehicles are to be taxed more heavily from 2030. The government has put out to consultation two tax variants – one based on the number of kilometres travelled, the other on electricity – to continue financing Switzerland’s roads. +Get the most important news from Switzerland in your inbox This new tax is intended to …
Swiss parliament demands greater transparency in pricing of food
2025-09-25
The Swiss Senate on Thursday approved a parliamentary initiative to monitor precisely who makes what margin in the food value chain and where various costs are incurred. The House of Representatives had previously also voted in favour of such an initiative. The Senate reached its decision by 21 votes to 18, with no abstentions. The …
US tariffs force Switzerland to rethink trade ties
2025-09-24
United States trade policy is rattling countries worldwide and prompting them to redirect trade flows at record speed. This is also how Switzerland is responding. US tariffs have put many countries in a tight spot. Persistent uncertainty is only making matters worse: will the US president suddenly slap on further tariffs, despite all concessions, as …
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