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‘Money laundering’ Swiss MBaer bank shut down
2026-02-27
The Swiss Financial Market Supervisory Authority (FINMA) has ordered the liquidation of MBaer Merchant Bank, which has been labelled a money laundering risk by the United States. + Get the most important news from Switzerland in your inbox The supervisory authority had previously identified serious deficiencies in the Zurich-based private bank’s anti-money laundering practices during …
Insurer Swiss Re posts significantly higher profits
2026-02-27
Reinsurer Swiss Re significantly increased its consolidated profit in 2025, exceeding its own target. + Get the most important news from Switzerland in your inbox Net profit totalled $4.8 billion, significantly higher than the previous year’s figure of $3.2 billion. However, profits were still burdened by high provisions for the United States liability business. Swiss …
Switzerland, the country of four seas
2026-02-21
Switzerland is a landlocked country with no direct access to the sea. Yet it is connected to four seas. What sounds paradoxical is a geographical peculiarity in Europe: rain and meltwater from the Swiss Alps flow into four different seas. A drop of rain that falls in the Swiss Alps can at some point later …
Swiss pharma industry braced for upheaval
2026-01-08
United States trade policy has exposed the Swiss pharmaceutical industry to a period of upheaval, according to Interpharma, which represents Switzerland’s research-based pharma firms. +Get the most important news from Switzerland in your inbox Switzerland is currently standing at a crossroads, said Interpharma president Jörg-Michael Rupp stated at the association’s annual media conference. + How …
Jungfrau Railways visitor numbers top a million in 2025
2026-01-08
The Jungfrau Railway Group once again transported over a million guests to the Jungfraujoch in 2025. +Get the most important news from Switzerland in your inbox The group also presented new medium-term targets. As in the previous year, a total of 1.06 million guests were transported to the Jungfraujoch. This corresponds to a slight decrease …
Swiss retail resilient despite difficult economic climate
2026-01-07
The Swiss retail sector proved resilient last year, with sales boosted by rising real wages. According to UBS economists, the sector should continue on this path in 2026. +Get the most important news from Switzerland in your inbox Nominal sales in the Swiss retail sector will have grown by 1% by 2025, according to the …
Experts predict Swiss franc will stay strong in 2026
2025-12-29
The Swiss franc is not weakening, despite the shock of the US tariffs that threatened to hit the Swiss economy. According to experts, the Swiss currency should continue its upward trend of recent years in 2026. What are the arguments in favour of the franc? Experts cite political stability, high current account surpluses, low debt, …
Swiss minister lands in Washington for tariff talks
2025-11-13
Swiss Economics Minister Guy Parmelin has touched down in Washington to hold talks with United States trade representative Jamieson Greer. +Get the most important news from Switzerland in your inbox The talks are “ongoing”, ministerial spokesperson Markus Spörndli told Keystone-SDA on Thursday morning. However, a conclusion to the tariff negotiations on Thursday is “somewhat unlikely”. …
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