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How the Hormuz crisis is reshaping global trade
2026-07-10
Commercial shipping had only just begun returning to the Strait of Hormuz after a memorandum of understanding signed between the US and Iran in mid-June raised hopes of de-escalation. But those hopes have now evaporated with the return of direct military confrontation, reigniting fears about the world’s most important energy chokepoint. For governments and businesses, …
Nestlé investing half a billion in Thai Nescafé plant
2026-07-09
Swiss fdood manufacturer Nestlé is investing CHF563 million to construct a production facility for its Nescafé brand in Thailand. The factory will primarily supply the local market with instant coffee, coffee blends and other ready-to-drink beverages. The investment aims to meet the growing demand for coffee in Thailand, a market estimated to be worth CHF1 …
Switzerland and Mexico to update free trade agreement
2026-07-09
The free trade agreement (FTA) between Mexico and European Free Trade Association (EFTA) states, including Switzerland, is to be updated. This was confirmed by Swiss economics minister Guy Parmelin and his Mexican counterpart, Claudia Sheinbaum, in Mexico City. This EFTA-Mexico FTA is now 25 years old. Mexico is Switzerland’s second most important trading partner in …
Novartis feels heat from copycat drugs
2026-04-28
Novartis has felt the dampening effect of generic drugs at the start of the year. Nevertheless, management confirmed its previous outlook for the further course of business. + Get the most important news from Switzerland in your inbox Turnover for the first quarter totalled $13.1 billion, a decrease of 1% compared to the same period …
Iran war impacts Swiss fuel pumps, tourism and economy
2026-04-01
Fuel prices in Switzerland are already being affected by the conflict in Iran, with the price of diesel rising by 22% to CHF2.13 per litre. +Get the most important news from Switzerland in your inbox Unleaded 95 petrol rose by 11% to CHF1.82 and unleaded 98 petrol rose by 10% from CHF1.77 to CHF1.95, according …
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