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Swiss manufacturer Georg Fischer sells turbine and aerospace foundry
2026-07-07
Swiss manufacturer Georg Fischer is selling its precision casting business for the aerospace sector and the industrial gas turbine business to United States group CPP. The business division currently employs around 600 people. Georg Fischer expects the sale to generate cash inflows of around CHF220 million. This is intended to further reduce net debt. The …
Construction of Zurich Airport began 80 years ago
2026-07-05
Eighty years ago, forests and a moor were cleared to make way for the construction of Zurich Airport’s first runway. Today, around 750 aircraft take off and land at the international airport each day. A consortium of engineers and architects chose the partly wooded moorland area of the Kloten-Bülach military training area north of Zurich …
Proponents of food security initiative launch campaign
2026-07-02
Food security and access to clean drinking water: the committee behind a people’s initiative is calling for changes to Swiss agricultural policy. On Thursday, it launched its campaign ahead of a nationwide vote on September 27. The initiative “For safe food – through strengthening sustainable domestic production, increasing plant-based food and ensuring clean drinking water”, …
Gotthard rail tunnel overhaul costs pile up
2026-05-24
The cost of rail infrastructure renovations at the Gotthard Base Tunnel could overrun by several million francs. The is being caused by delays in replacing the tunnel’s radio communication system, reports the SonntagsBlick newspaper. +Get the most important news from Switzerland in your inbox The tunnel’s radio communication system allows train drivers to communicate with …
US expected to impose 100% tariffs on certain drugs: report
2026-04-02
The administration of United States President Donald Trump is preparing to impose 100% tariffs on certain drugs. The Financial Times reports that the tariffs could be announced later today and will be applied to pharma companies that have not reached an agreement with the White House. +Get the most important news from Switzerland in your …
Swiss imputed rental value to be abolished in 2029
2026-04-01
From the 2029 tax year, the imputed rental value on owner-occupied residential property will no longer be taxable in Switzerland. +Get the most important news from Switzerland in your inbox This was decided by the Federal Council on Wednesday, dismissing a request from alpine cantons to delay the tax change until at least 2030. Six …
Swiss lawmakers signal compromise on $22bn UBS capital plan
2026-03-31
Swiss lawmakers have assured senior UBS executives that they will water down stringent new rules as Bern finalises a decision on how much capital the country’s largest bank should hold. Senior parliamentarians have privately told UBS executives they would come up with a compromise on the finance ministry’s proposals, which would increase its capital requirements …
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