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UBS chair talked to Scott Bessent about moving bank to US
2025-11-17
UBS chair Colm Kelleher and US Treasury secretary Scott Bessent have privately discussed moving the bank’s headquarters to the US, as the Zurich-based lender explores contingency plans to leave Switzerland if the government does not back down on new capital rules. Kelleher and Bessent held talks in recent months about what a move to the …
US tariff negotiations reaffirm Switzerland’s role as a gold hub
2025-11-17
Refined gold was a major part of the negotiations that saw United States tariffs on Switzerland lowered to 15%. Here’s how the Swiss came to dominate the sector. It is difficult to fathom the enormous quantity – and value – of gold that arrives in Switzerland every year. In 2023, Switzerland imported approximately 2,372 tonnes …
Fribourg and Geneva residents triumph at Fondue World Championship
2025-11-16
Around 200 participants took part in the Fondue World Championship held in Tartegnin, canton Vaud, on Saturday. Swiss residents from Geneva and Fribourg took the top awards. +Get the most important news from Switzerland in your inbox The competition was won by Benedikt Wüthrich from the Auboranges cheese dairy in canton Fribourg in the professional …
New RTS TV and radio studios inaugurated at EPFL campus
2025-11-14
The Swiss Broadcasting Corporation (SBC) and its French-language service RTS have inaugurated a new TV and radio production site near Lausanne in western Switzerland. +Get the most important news from Switzerland in your inbox The ribbon-cutting ceremony for the new building, located on the campus of the Federal Institute of Technology Lausanne (EPFL), took place …
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 …
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 …
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 …
EU’s refusal to recognise Swiss cheese trademark contested in court
2025-07-24
The European Commission does not want to recognise the trademark of the traditional Swiss cheese Emmentaler. The organisation Emmentaler Switzerland has lodged an appeal against this decision with the Court of Justice of the European Union, which is based in Luxembourg. Trademark protection should allow the original to be clearly distinguished from imitations, Urs Schluechter, …
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