More than a third of Swiss companies report irregularities
2025-10-01
More than one third of Swiss companies were affected by illegal and unethical behaviour within their organisation or in their supply chain last year. +Get the most important news from Switzerland in your inbox However, Swiss companies are less affected than average. This is the conclusion of the Whistleblowing 2025 report published today by the …
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UBS criticises Swiss proposal to change capital adequacy requirements
2025-09-30
The major bank UBS has criticised a draft amendment to the Federal Capital Adequacy Ordinance in Switzerland. +Get the most important news from Switzerland in your inbox According to UBS, the “disproportionate” proposals for the treatment of the bank’s own software and deferred tax assets would destroy around $11 billion (CHF8.7 billion) in capital at …
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UBS protests Swiss capital requirement proposal
2025-09-26
Switzerland’s government formally proposed giving UBS bank seven years to fully comply with higher capital requirements, confirming previous guidance. +Get the most important news from Switzerland in your inbox The biggest banks in Switzerland, most notably UBS, should “provide full capital backing for their participations in foreign subsidiaries,” the government said in a statement on …
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Swiss lawmakers moot transit tourism tax
2025-09-26
Swiss lawmakers are proposing a tax on foreigners who drive through the country en route to other destinations. The government warns of complex implementation and high costs, and one expert doubts the usefulness of the tax. +Get the most important news from Switzerland in your inbox Senators have had enough of private transit traffic clogging …
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Starbucks announces store closures in Switzerland
2025-09-25
The US coffee chain Starbucks has announced store closures in Switzerland as part of its global cost-cutting measures. Locations with insufficient customer footfall or no economic prospects are affected. +Get the most important news from Switzerland in your inbox The company announced on Thursday that the aim is to focus its offering more strongly on …
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Swisscom to relocate jobs to Holland and Latvia
2025-09-24
Swisscom intends to relocate certain IT development tasks from Switzerland to Rotterdam and Riga. This was confirmed by the telecoms provider on Wednesday at the request of the news agency AWP. +Get the most important news from Switzerland in your inbox According to a report by CH Media, 1,000 to 1,400 employees will be working …
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UN in Geneva calls for reform of tariffs on plastics
2025-07-31
The United Nations is calling for a reform of customs tariffs on plastics, which are lower than those imposed on alternatives. If it succeeds in Geneva in the next few weeks, an international treaty must address this issue, the UN said on Thursday. In a report published in Geneva, the UN Conference on Trade and …
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