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Swissgrid reports lower 2025 profit and invests in grids
2026-04-20
In the 2025 financial year, the national grid company Switzerland’s national electricity infrastructure operator Swissgrid saw profits fall by CHF12 million in 2025 compared to the previous year. The company invested CHF281.2 million to expand the transmission grid. +Get the most important news from Switzerland in your inbox Swissgrid’s 2025 profit totalled CHF91.7 million. In …
Novartis CEO joins Anthropic’s board of directors
2026-04-15
Anthropic has appointed Vasant Narasimhan, current CEO of Swiss pharma giant Novartis, as a member of its independent board of directors. The structure now has seven members, the US.-based AI company said. +Get the most important news from Switzerland in your inbox The appointment was made in accordance with Anthropic’s specific governance structure, the Long-Term …
Swiss bubble-car maker cries foul over incentives limited to large EVs
2026-04-14
The entrepreneur behind the Micro scooter craze that took the world by storm is taking on the Swiss government over climate benefits that exclude his latest venture – the Microlino electric “bubble car”. Wim Ouboter is contesting Switzerland’s carbon trading regulations, arguing they unfairly exclude his two-seat electric vehicle (EV) from a system that financially …
Swiss president calls for European economic cooperation
2026-02-27
At a meeting with the economic ministers of German-speaking countries in Zurich on Friday, Swiss president Guy Parmelin urged trade cooperation on the continent. + Get the most important news from Switzerland in your inbox European measures should not affect the interlinked supply and value chains. Cooperation and trust must be strengthened among like-minded people …
Switzerland mulls Ukraine trade restriction extension
2026-02-26
Switzerland not only sanctions Russia but also prohibits goods being exported to Ukraine that could be used in the conflict. The Swiss government wants to extend Ukraine trade restrictions by enshrining temporary emergency powers into a new law. + Get the most important news from Switzerland in your inbox Switzerland largely adopts European Union sanctions …
Swiss sewing machine maker ponders Thailand production
2026-01-12
Swiss sewing machine manufacturer Bernina is considering relocating production to Thailand. Around 40 out of a total of 334 employees would be affected. +Get the most important news from Switzerland in your inbox United States tariffs and the strong Swiss franc are causing the traditional company in canton Thurgau great difficulties. Bernina generates approximately two-thirds …
Swiss banks less optimistic due to lower interest rates
2026-01-08
The fall in interest rates is putting Swiss banks under pressure, according to the new EY Banking Barometer. +Get the most important news from Switzerland in your inbox Just under half of banks expect operating results to decline in 2025, although a majority expect margins in the interest business to stabilise. + Have foreign leaders …
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