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Swiss Post expects a ‘significant’ decline in profits
2025-10-26
According to interim CEO Alex Glanzmann, Swiss Post is expecting a significant drop in profits compared to last year. + Get the most important news from Switzerland in your inbox “We are expecting a low three-digit million figure”, said Glanzmann in an interview with Swiss German-language newspaper SonntagsBlick. Swiss Post generated a Group profit of …
Swiss logistics group Kuehne+Nagel to cut up to 1,500 jobs
2025-10-23
Swiss logistics group Kühne+Nagel is launching a cost-cutting program, which will slash 1,000 to 1,500 full-time positions, following a slump in profits. +Get the most important news from Switzerland in your inbox Turnover fell by 7% to CHF6.04 billion. Gross profit adjusted for volatile freight tariffs fell by 4% to CHF2.11 billion. As a result, …
France’s wealthy shift funds to Luxembourg and Switzerland
2025-10-20
Political turmoil and tax threats have accelerated investment flows to havens, asset managers say. French entrepreneurs and wealthy families nervous about political turmoil at home are investing record amounts in Luxembourg-based annuities and shifting other funds to perceived havens such as Switzerland. Wealth managers, bankers and lawyers said the flow of personal investments out of …
The global private education industry is coming for Switzerland’s expensive schools
2025-09-04
Verbier’s pandemic-era growth triggered an elite schooling boom — and a merger that could reshape private education in the Swiss Alps. In March 2020, Ariane de Bonvoisin was skiing in Verbier, Switzerland, with her husband and her son. A native of New York, she had skied there since childhood and her family had a chalet …
Swiss Post to re-start shipping some packages to US
2025-09-02
From Thursday, private customers will once again be able to send packages with a value of up to $100 (CHF80) to the United States via Swiss Post. Due to the new customs regulations, Swiss Post had suspended all goods shipments to the US last week. +Get the most important news from Switzerland in your inbox …
UBS charges pension funds to hold their liquid assets
2025-09-01
Pension funds are complaining about ‘negative interest’ charges for holding liquid assets in accounts at Switzerland’s largest bank UBS. +Get the most important news from Switzerland in your inbox UBS’s letter is quite significant. At the end of June, the bank informed its institutional clients – primarily pension funds and insurance companies – in writing …
US extends tariff deadline to August 1
2025-07-08
The United States has extended a July 9 deadline for ongoing tariff negotiations until August 1 for many countries, including Switzerland. +Get the most important news from Switzerland in your inbox US President Donald Trump signed a decree to this effect on Monday. China is excluded from the deadline extension as there is a separate …
Swiss bosses distance themselves from the United States
2025-07-07
According to a survey of executives, Swiss companies are increasingly turning away from the US and orientating themselves more towards South East Asia and the EU. Almost two-thirds of 280 managers surveyed stated that their image of the United States had deteriorated over the past year. At the same time, 38% rated the EU more …
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