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Job offers at Swiss banks hit three-year low in April
2026-04-30
After a brief recovery in March, the number of vacancies at the ten largest Swiss banks plummeted in April to the lowest level since standard surveys began three years ago. + Get the most important news from Switzerland in your inbox The figure confirms the long-term trend of declining recruitment in the sector. In the …
SWISS to discontinue duty-free sales on board by end September
2026-04-29
Swiss International Air Lines (SWISS) is discontinuing duty-free sales on its aircrafts at the end of September. The reason for the decision is falling demand, the airline announced in a press release on Wednesday. “Fewer and fewer guests are shopping on board. More and more passengers are researching products at home, comparing prices online and …
Swiss finance minister accuses UBS of over-aggressive lobbying
2026-04-28
Swiss finance minister Karin Keller-Sutter has complained of UBS bank putting parliamentarians under pressure ahead of a vote on banking regulation. + Get the most important news from Switzerland in your inbox Such strong lobbying by a private player is unusual in Switzerland, she said in an interview with the Blick newspaper. “I hear from …
Nestlé chief blames Trump for company going quiet on sustainability
2026-01-22
Philipp Navratil tells staff that ESG has ‘gone off the agenda’ for US investors since president’s re-election. Nestlé chief executive Philipp Navratil has partly blamed Donald Trump for the company’s failure to talk enough about sustainability, as the US president dismantles the country’s environmental regulations and labels climate change “a hoax”. At an event for …
Anti-WEF demo in Zurich turns violent
2026-01-20
An anti-WEF demonstration on Monday evening turned violent, resulting in property damage and clashes with police. Several thousand people took part in the rally at the start of the World Economic Forum, as reported by the Zurich city police. + Get the most important news from Switzerland in your inbox The demonstration with the slogan …
Swiss to vote on preserving cash as a payment system
2026-01-19
On March 8, the Swiss will decide whether the availability of cash should be enshrined in the constitution. A popular initiative and the government’s counterproposal are both on the ballot. An explainer. How do the Swiss use cash currently? According to a recent study by the Swiss National Bank (SNB), Swiss residents are moving away …
Swiss economy shrinks significantly in third quarter
2025-11-28
As expected, US President Donald Trump’s tariff blow against Switzerland left its mark on the local economy in the third quarter. +Get the most important news from Switzerland in your inbox Gross domestic product (GDP) shrank by 0.5% in the third quarter on an adjusted basis compared to the previous quarter. On Friday, the State …
Swiss politicians decry ‘gold bar diplomacy’ in Trump trade deal
2025-11-28
Swiss euphoria at securing lower US trade tariffs has given way to a backlash over “oligarch diplomacy” and the role executives played from companies including Rolex and Richemont. An outline agreement Washington and Bern announced this month would reduce average US levies on Swiss industrial exports from 39 per cent to 15 per cent. Swiss …
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