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How protected is the Swiss National Bank compared with the US Federal Reserve?
2025-10-04
The independence of the Swiss National Bank (SNB) is enshrined in the constitution, a safeguard its US counterpart does not enjoy. But where does this concept come from, and how does Switzerland compare internationally? US President Donald Trump makes no secret of his views on the decisions taken by the Federal Reserve. He has not …
Trump’s tariffs expose weakness of Switzerland’s economic independence
2025-08-12
It’s not often that Switzerland finds itself at the sharp end of a global trade dispute. Even less often is it singled out with punitive action from a major trading partner. But this month, the US imposed a 39% tariff on most Swiss goods after a seven-day grace period lapsed. It is a rate more …
Swiss gold exports might not face US tariffs after all
2025-08-09
Gold exports to the United States may not be taxed after all. The White House plans to issue an executive order in the near future to clarify misinformation about the taxation of gold bullion, in particular. This announcement of a future clarification decree, transmitted on Friday by news agency AFP, follows information from US customs …
Swiss lift manufacturer Schindler receives order for Bogotá Metro
2025-08-07
Swiss multinational Schindler has secured an order in Colombia. The company from canton Lucerne will supply all the lifts and escalators for the first line of the new elevated railway system in the capital Bogotá. +Get the most important news from Switzerland in your inbox Schindler announced on Thursday that it is the sole bidder …
Swiss parliament rejects initiative to tax huge inheritances
2025-06-17
A national tax on million-franc inheritances for climate protection has no chance in parliament. +Get the most important news from Switzerland in your inbox On Tuesday parliamentarians also rejected an alternative constitutional article to the initiative put forward by the Juso, the youth section of the left-wing Social Democratic Party. The initiative will therefore be …
Switzerland regains crown as world’s most competitive nation
2025-06-17
Switzerland has been ranked as the most competitive country in the world, having lost the title to Nordic and Asian rivals in recent years. +Get the most important news from Switzerland in your inbox According to an annual study by the Lausanne-based IMD business school, Switzerland has pushed Singapore and Hong Kong into second and …
Datwyler to close Ohio site putting 70 jobs at risk
2025-06-11
The Uri-based industrial group Datwyler is streamlining its production network in the US. The closure of one site in Ohio will probably result in the loss of the vast majority of the 70 or so jobs there. Datwyler announced on Wednesday that the production and sales activities at the Vandalia site in Ohio will be …
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