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Swiss Partners Group exits bubble tea investment
2026-08-24
Swiss private equity firm Partners Group will exit its private credit investment in Gong cha after Bain Capital bought the Taiwanese bubble tea brand from TA Associates this month. The Swiss-based company said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. Partners Group in 2019 had provided …
Switzerland among countries hit by US drone tariff
2026-08-14
The United States is imposing news tariffs of up to 100% on imported drones and their components. The import duty targets Chinese manufacturers in particular, as they dominate the US market. According to a White House statement, the 100% tariff applies to drones with a maximum take-off weight of more than 25 kilograms and to …
Swiss rail firm Stadler to deliver 21 trams to US
2026-07-16
Swiss railway equipment manufacturer Stadler has agreed to deliver 21 trams to the Texan operator Austin Transit Partnership (ATP), with an option for a further 19 trams. The Citylink-type trams, which can carry 240 passengers, will be built at Stadler’s United States factory in Salt Lake City, the Thurgau-based group said in a statement on …
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, …
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 …
Lafarge appeals conviction for financing terrorism
2026-04-28
Cement manufacturer Lafarge, owned by Swiss giant Holcim, and all eight other defendants, including its former CEO Bruno Lafont, have appealed their convictions for financing terrorism in Syria in 2013 and 2014. + Get the most important news from Switzerland in your inbox They were all found guilty on April 13 by the Paris Criminal …
‘Energy independence day’ highlights Swiss reliance on imports
2026-04-27
Until Monday, local resources were sufficient to cover Switzerland’s energy needs. For the rest of the year, Switzerland will be dependent on imported energy sources, in particular oil, gas and uranium. + Get the most important news from Switzerland in your inbox This is shown by the latest calculation from the Energy Foundation. Today, Switzerland …
Switzerland’s global trade falls off at start of year
2026-04-22
Swiss exports and imports declined in the first quarter of the year. The chemical and pharmaceutical sectors and exports to the United States were hardest hit. +Get the most important news from Switzerland in your inbox Exports fell by 4.2% in the first three months of the year compared to the previous quarter, reaching CHF66.94 …
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