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The US plans to buy $10 million worth of Swiss cheese – just not from Switzerland
2026-03-30
US tariffs are being used to procure Swiss cheese produced by American farmers under a special provision to absorb surplus production and protect rural jobs. On February 19, United States Secretary of Agriculture Brooke L. Rollins announced the US Department of Agriculture’s (USDA) intention to purchase up to $263 million (CHF208 million) in dairy and …
Nestlé reports 12 tonnes of KitKat stolen in Europe
2026-03-28
A huge shipment of 12 tonnes of KitKat – over 400,000 chocolate bars – was stolen last week in Europe while being transported by truck between production and distribution facilities. +Get the most important news from Switzerland in your inbox The Swiss food giant Nestlé reported that 12 tonnes of KitKat chocolate bars were stolen …
Sustainable soy: When collaborating to protect the Amazon backfires
2026-02-12
Commodity firms working together to source deforestation-free soy in Brazil are being investigated under anti-cartel laws. They also risk losing tax benefits due to pressure from powerful farming lobbies. Businesses selling prostheses, gas water-heaters, electricity meters, cement and even tech giants like Apple and Meta have recently come under fire from Brazil’s competition watchdog, the …
UBS plans January job cuts: media report
2025-12-18
Swiss bank UBS is preparing to start the next wave of layoffs in mid-January, Bloomberg claims based on sources inside the bank. +Get the most important news from Switzerland in your inbox According to the agency, another termination phase is planned for mid-2026, when the IT systems taken over as part of the acquisition of …
Switzerland is recruiting 85,000 foreign workers – the fake news that never dies
2025-12-17
A fake news story that has gone viral claims that Switzerland is facing a severe labour shortage and is recruiting massively abroad. Swiss public broadcaster RTS investigated the origins of these false claims that keep resurfacing. It’s a news story that has been causing a stir on social media for weeks. The claim: Switzerland is …
Fewer retailers accept cash in Switzerland
2025-10-30
For the most part, the Swiss population can still choose between paying with cash, payment cards and payment apps when shopping and visiting restaurants. However, cash is less and less accepted in retail trade and on public transport. + Get the most important news from Switzerland in your inbox Overall, cash is accepted by fewer …
Swiss cablecars post CHF1.8 billion turnover in 2025
2025-10-28
Swiss cablecar companies recorded a turnover of CHF1.8 billion in 2025. Strong growth was recorded in the summer months in particular, said the Swiss Cableways Association. + Get the most important news from Switzerland in your inbox Compared to the previous year, the cablecars increased their turnover by CHF200 million. The results for 2025 are …
Ex-UBS trader sues bank for ‘malicious’ Libor prosecution
2025-10-28
Tom Hayes, the former star UBS bank trader who became the face of the Libor rigging scandal, sued his former employer accusing it of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership. + Get the most important news from Switzerland in your inbox …
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