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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 …
EU lawmakers adopt stricter steel tariffs
2026-05-19
The European Parliament has approved stricter steel import regulations to protect the market from global steel overcapacity. +Get the most important news from Switzerland in your inbox The measure, which also applies to Switzerland, would almost halve the current duty-free quotas for steel imports. Duties of 50% would be levied on steel outside the quotas. …
Switzerland monitors Japanese concerns over Tavneos drug
2026-05-19
Switzerland’s drugs regulator Swissmedic is closely monitoring international developments around the drug Tavneos following warnings from Japan about several deaths. +Get the most important news from Switzerland in your inbox The Japanese pharmaceutical company Kissei Pharmaceutical has warned doctors against prescribing Tavneos, a drug developed by the American biotech company Amgen to treat rare autoimmune …
Formo founder Raffael Wohlgensinger: ‘I set out to make Gruyère cheese, without the cow’
2026-05-10
Swiss entrepreneur Raffael Wohlgensinger wants to shake up the vegan cheese market in Germany. However, the slow EU approval process is making him look to greener pastures such as the US. The son of a Swiss father and a Brazilian mother, Wohlgensinger grew up in a village in the Winterthur area, northeastern Switzerland, and loves …
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