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Iran-linked Swiss oil trader hit by US sanctions
2026-08-25
The Trump administration has extended sanctions against the sprawling network of Iranian oil trader Hossein Shamkhani, targeting his Wellbred group of commodities businesses as part of a wide-ranging set of measures intended to isolate Iran. The Treasury Department’s Office of Foreign Assets Control has sanctioned Singapore-based Wellbred Capital, United Arab Emirates-based Wellbred Trading FZCO and …
Swiss hearing aid specialist Sonova launching new AI devices
2026-08-24
Swiss hearing aid manufacturer Sonova is launching new devices powered by artificial intelligence (AI) that are designed to better filter out speech from background noise. This is made possible by a new, specially developed AI chip, according to the company. With the new EON family from the Phonak brand, Sonova aims to defend its technological …
Swiss insurers’ profits jumped in 2025
2026-08-20
The financial situation of the Swiss insurance sector is “generally sound”, according to a report by the Swiss Financial Market Supervisory Authority (FINMA) published on Thursday. Insurers significantly increased their capital last year. According to the FINMA report, Swiss insurance companies posted an aggregate annual profit of CHF24.4 billion ($30.6 billion) in 2025, up 136% …
What does ‘Made in Switzerland’ mean exactly?
2026-04-25
Less than a decade ago, Switzerland imposed strict rules on which products can use the Swiss cross as a ‘Made in Switzerland’ label. Now, a case involving footwear manufacturer On has led to a loosening of these rules. The Swiss Federal Institute of Intellectual Property (IPI) announced a “clarification of practice” at the end of …
Swiss hotel sector expects difficult summer season
2026-04-23
The Swiss hotel industry expects a difficult summer season due to the war in the Middle East. +Get the most important news from Switzerland in your inbox For weeks now there have been cancellations, fewer new bookings and an increasing tendency to make last-minute reservations, Hotelleriesuisse reported today. As a result, the outlook is “clearly …
Swiss tax revenues get bump from OECD minimum tax rate
2026-04-23
Tax revenues generated by the OECD minimum tax rate for large corporations, which has been in force since 2024, have risen significantly. However, according to an analysis by consulting firm Deloitte, these revenues are likely to fall short of the federal government’s expectations in the coming years. +Get the most important news from Switzerland in …
Switzerland’s nuclear revival on track in parliament
2026-04-21
A Swiss parliamentary committee has supports the lifting of a ban on the construction of new power plants as part of the debate on the “Stop the blackout” initiative. +Get the most important news from Switzerland in your inbox The House of Representative’s energy committee decision followed in the footsteps of the Senate. The popular …
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