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Swiss oil traders weigh opportunities following US intervention in Venezuela
2026-01-07
The US military intervention in Venezuela and capture of president Nicolás Maduro has put the world’s largest oil reserves back on the global energy map. Switzerland’s oil traders are paying close attention. Since the United States imposed sanctions on Venezuela’s state oil company, Petróleos de Venezuela SA (PDVSA), in 2019 under Donald Trump, Swiss oil …
Q3: Swiss GDP falls amid global slowdown, tariff shock
2025-11-17
The Swiss economy has felt the full impact of the introduction of 39% US tariffs in August and the slowdown in the global economy. An initial estimate shows a contraction in gross domestic product (GDP) from July to the end of September. +Get the most important news from Switzerland in your inbox GDP shrank by …
Swiss farmers downplay impact of US tariff deal
2025-11-16
The recent US tariff rate cut to 15% and the details of the framework trade agreement with Washington have raised questions about the consequences for the Swiss agricultural sector. But a senior Swiss Farmers’ Union official plays down the impact of the deal. +Get the most important news from Switzerland in your inbox The agreement …
Swiss Gruyère crowned world’s best cheese
2025-11-14
A Swiss Gruyère AOP cheese was crowned the world’s best cheese at the World Cheese Awards 2025, held this year in Bern, Switzerland. The prestigious international competition brought together more than 5,000 participants from 45 countries. +Get the most important news from Switzerland in your inbox The 18-month-old award-winning Gruyère comes from the Vorderfultigen cheese …
How a clash with Roche exposed cracks in Switzerland’s drug pricing system
2025-09-19
Switzerland’s new fast-track process to speed up patient access to the latest drugs has hit its first major hurdle, with a stand-off between the regulator and pharma giant Roche over the price of its cancer treatment Lunsumio. The dispute risks setting a dangerous precedent. Pharma multinational Roche has sent shockwaves through Switzerland’s healthcare system, deploying …
Ricola postpones new Swiss factory opening due to US tariffs
2025-09-17
Ricola, a manufacturer of candies and balsamic herbal teas heavily dependent on exports, has postponed the planned opening of a new production plant in the former Hero factory in Lenzburg, canton Aargau. +Get the most important news from Switzerland in your inbox The family-owned company justifies the decision by the high US duties on Swiss …
Nestlé leans on price increases to offset lower sales
2025-07-24
Nestlé continued to grow in the first half of 2025 – but high costs put some pressure on profitability. Business in China also weakened. The Swiss food giant is sticking to its margin targets for the year as a whole. Sales for the period from January to June totalled CHF44.2 billion – around 1.8% less …
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