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Swiss interest rate remains at 0%
2026-09-24
The Swiss National Bank (SNB) decided on Thursday to keep its key interest rate at 0%, where it has been since June 2025. The central bank made its quarterly decision as inflation remains under control in Switzerland. “If necessary, the [SNB] is prepared to intervene in the foreign exchange market to ensure appropriate monetary conditions,” …
Swiss franc magnet for carry trade
2026-09-21
The carry trade phenomenon, one of the most widespread strategies on the foreign exchange markets, has recently been drawing even more attention to the Swiss franc. Historically dominated by the Japanese yen as the funding currency, this type of transaction may now also be more attractive using the Swiss franc, thanks to the Swiss National …
Switzerland raises economic growth forecast significantly
2026-09-17
According to the federal government’s economists, the Swiss economy is likely to perform significantly better than previously expected. They are therefore raising their forecast substantially. The federal government’s expert group has revised its forecast for 2026 to predict growth in real gross domestic product (GDP, adjusted for sporting events) of 1.7%, up from the previous …
Revolut applies for a banking licence in Switzerland
2026-09-16
The British ‘neobank’ Revolut, whose services are already used by over a million Swiss residents, is now applying for a Swiss banking licence. The online bank plans to invest more than CHF150 million in the Swiss market over the next five years. The granting of a licence by the Swiss Financial Market Supervisory Authority (FINMA) …
China’s high-tech rise puts competitive pressure on Switzerland
2026-09-10
Economists at Swiss bank UBS view China’s economic rise as a major challenge for the Swiss economy. The US tariffs, on the other hand, are likely to have only a temporary impact. Over the past decade, China has increasingly transformed itself from the “world’s factory” into a hub for high technology. For example, the country …
Lindt faces US lawsuit regarding child labour
2026-07-24
Swiss chocolate maker Lindt & Sprüngli will have to answer to the US courts over a child labour complaint. The activist law firm International Rights Advocates has criticised the Zurich-based chocolate manufacturer for misleadingly presenting its efforts to combat child labour in Ghana and the Ivory Coast, two countries from which the company sources its …
Nestlé spins off its water business into a joint venture
2026-07-23
The Swiss food giant is setting up a joint venture called Peranel with the US private equity firm Platinum Equity. It will be based in Paris. The deal values the business, which includes brands such as Perrier and San Pellegrino, at €4.9 billion euros and CHF4.5 billion respectively. Both partners will each hold a 50% …
Geneva-based shipping giant MSC handed over to next generation
2026-04-13
Mediterranean Shipping Company (MSC), the world’s leading Italian-Swiss container shipping group, announced the transfer of ownership from its founder Gianluigi Aponte to his children Diego and Alexa Aponte. The transition, which took place during the last quarter of 2025, represents a significant milestone in the history of the Geneva-based company, a note explained. MSC will …
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