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Christmas sales in Switzerland see upswing
2025-12-30
Swiss retailers enjoyed a positive festive season, with some reporting solid sales growth despite cautious consumer sentiment. For Manor department stores, Christmas sales were slightly up on the previous year, a spokeswoman told the AWP news agency, without disclosing any figures. Clothing retailer PKZ reported a 5% year-on-year increase in sales, thanks in particular to …
Why Palantir is becoming a risky bet for Switzerland
2025-12-22
Zurich serves as a hub for US tech company Palantir’s business relations. The Swiss foreign ministry now has the company in its sights, because of its controversial role in Gaza. Palantir is arguably the most controversial tech company in the world today. It expects over $4 billion (CHF3.2 billion) in revenue this year. Many people, …
Gunvor drops $22 billion bid for Lukoil assets after US moves to block deal
2025-11-07
Treasury calls Swiss trader ‘Kremlin’s puppet’ and says it would block its licence to operate. Swiss commodity trader Gunvor said on Thursday that it was scrapping its $22 billion bid to buy Lukoil’s overseas assets after the US moved to block the deal. The Treasury said in a post on X on Thursday that it …
Trump holds trade talks with Switzerland
2025-11-05
United States President Donald Trump has met with high-ranking representatives of Switzerland to discuss trade issues. +Get the most important news from Switzerland in your inbox Trump announced the talks on his Truth Social platform. US trade representative Jamieson Greer will continue discussions with the Swiss leadership. “I want to congratulate everyone present on a …
US says Switzerland can order fewer fighter jets amid cost hike
2025-09-14
According to the American authorities, a possible reduction in the number of F-35 fighter jets ordered by Switzerland is possible. They have informed Switzerland that this could be an option for cushioning the massive cost increase. +Get the most important news from Switzerland in your inbox Kaj-Gunnar Sievert, a spokesperson for the Federal Armaments Office …
Swiss banks reject one in three applications for credit
2025-09-11
In 2024, 35.5% of consumer credit applications were rejected by lending institutions due to solvency problems. This is a record high and is significantly higher than the previous year’s rejection rate of 30.8%, says the comparison portal Kreditvergleich.ch. The analysis is based on data from the Swiss central registry for credit information. +Get the most …
Global banks rush to fill Credit Suisse void for Swiss SMEs
2025-09-07
Global banks including JPMorgan, Bank of America and Deutsche Bank are stepping up an effort to serve Switzerland’s small and mid-sized companies, as they look to fill the void left by the collapse of Credit Suisse. +Get the most important news from Switzerland in your inbox Credit Suisse — which was one of the country’s …
Switzerland seeks improved tariff deal with US
2025-09-05
Swiss Economics Minister Guy Parmelin has flown to the United States with a new offer to resolve the customs dispute between the two countries. +Get the most important news from Switzerland in your inbox The purpose of Parmelin’s short notice mission was confirmed by Foreign Minister Ignazio Cassis. “We have drawn up an optimised offer …
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