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Rising June Swiss watch sales bucks 2026 trend
2026-07-21
Following the sharp decline in April and the stabilisation in May, sales of Swiss watches abroad began to rise again in June. According to figures released today by the Federation of the Swiss Watch Industry (FH), exports in the sixth month of 2026 stood at CHF2.4 billion, up 11.2% compared with the same period in …
German car crisis hits Swiss manufacturing industry
2026-07-20
The closure of a Swiss factory that manufactures precision components shows that the crisis in the German car industry is also having an impact in Switzerland. The St Gallen-based industrial group SFS has decided to close its plant in Flawil by the end of 2027, resulting in the loss of 110 jobs. The decision took …
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, …
Most Swiss small firms confident of survival
2026-07-09
Despite economic uncertainties, the majority of Swiss small and medium-sized enterprises (SMEs) are optimistic about the future. According to a survey, 86% of respondents expect their business to still be in operation in ten years’ time. At the same time, 43% regard the economic situation in their sector as uncertain. This is shown by this …
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 …
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