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SWISS flight diverted to Kazakhstan over co-pilot illness
2026-05-08
A Swiss International Air Lines (SWISS) plane that made an unscheduled stop in Kazakhstan last Wednesday arrived back in Zurich on Friday morning with 221 passengers on board. The aircraft was forced to land in the central Asian country because of a medical emergency involving the co‑pilot. +Get the most important news from Switzerland in …
Monaco slaps UBS with €6 million money laundering fine
2026-05-07
Monaco’s financial markets watchdog has fined UBS €6 million for “numerous serious breaches” in money laundering and terrorist financing controls. +Get the most important news from Switzerland in your inbox “The number and repetition of these shortcomings demonstrate an overall failure in the institution’s compliance and internal control system”, reads the decision published on the …
Helvetistan, a key alliance for Switzerland
2026-05-05
Helvetistan is an informal name that refers to a group of countries whose voice Switzerland represents at the World Bank and the International Monetary Fund (IMF), two of the world’s main multilateral financial institutions. This voting bloc – also known as a constituency – was established in 1992, when Switzerland joined the World Bank and …
Swiss fuel shortage ‘very likely’, warns trading expert
2026-05-04
There is a “very high” risk of fuel shortages in Switzerland, according to Florence Schurch, Secretary-General of the Swiss commodities trade association Suissenégoce. + Get the most important news from Switzerland in your inbox Schurch expressed her concerns in an interview with the French-language newspapers Tribune de Genève and 24 heures. Already in March, the …
Swiss National Bank keeps interest rate unchanged
2026-03-19
In an international environment marked by profound uncertainty, the Swiss National Bank (SNB) is leaving its monetary policy unchanged: the institution is keeping its benchmark rate at 0.0%, the level at which it has been since June 2025. +Get the most important news from Switzerland in your inbox This is the third consecutive time that …
Switzerland lowers 2026 growth forecast due to Middle East conflict
2026-03-18
The State Secretariat for Economic Affairs (SECO) has lowered its forecast for Swiss growth this year due to the conflict in the Middle East. +Get the most important news from Switzerland in your inbox Swiss gross domestic product (GDP) in 2026 is expected to rise by only 1%, compared to 1.1% estimated in December. By …
UBS completes migration of Credit Suisse clients in Switzerland
2026-03-18
UBS has completed the migration of Swiss-booked clients of Credit Suisse, which it took over in 2023. The bank has now completed the migration of all former Credit Suisse clients to UBS infrastructure globally, it said on Wednesday. +Get the most important news from Switzerland in your inbox A total of around 1.2 million clients …
Swiss pharma firm Idorsia CEO resigns after less than a year
2026-03-16
After less than a year in office, Srishti Gupta steps down as CEO of Swiss pharma firm Idorsia. She has also left the Board of Directors. Founder and long-standing CEO Jean-Paul Clozel will take over as interim CEO. +Get the most important news from Switzerland in your inbox Clozel remains a member of the Board …
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