Category Archive: 3) Swiss Markets and News

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Credit Suisse loses Greensill lawsuit against Softbank

2025-10-16

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2025-10-16

Swiss bank Credit Suisse, which was taken over by rival UBS, has lost a lawsuit in the United Kingdom against the Japanese investment group Softbank over claims related to Greensill funds. + Get the most important news from Switzerland in your inbox Credit Suisse had been seeking damages from Softbank totalling $440 million (CHF350 million). …

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Swiss economists expect slower growth due to US tariffs

2025-10-16

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2025-10-16

The Swiss economy is not gaining momentum, the State Secretariat for Economic Affairs (SECO) said on Thursday, pointing to United States President Donald Trump's tariffs as the culprit. + Get the most important news from Switzerland in your inbox The federal government's group of economic experts is forecasting growth in real gross domestic product (GDP) …

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Nestlé to cut thousands of jobs in next two years

2025-10-16

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2025-10-16

The new CEO of the Swiss food giant Nestlé, Philipp Navratil, announced the company plans to cut 16,000 jobs globally over two years. + Get the most important news from Switzerland in your inbox The cuts will include 12,000 management positions, Nestlé said on Thursday. This measure alone should reduce the cost base by CHF1 …

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Switzerland and India sign memorandum on mobility

2025-10-15

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2025-10-15

On Wednesday, Switzerland and India signed a memorandum of understanding on mobility systems. The agreement is intended to facilitate access for Swiss companies to major Indian transport infrastructure projects. + Get the most important news from Switzerland in your inbox The Swiss government approved the agreement on October 8, according to a press release. The …

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Philip Morris: smoke-free cigarettes under investigation in Italy

2025-10-15

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2025-10-15

The Italian competition authority announced on Wednesday that it had opened an investigation into Philip Morris Italia for promoting smoke-free electronic cigarettes. + Get the most important news from Switzerland in your inbox The Italian subsidiary of the major American cigarette manufacturer, whose operational headquarters are in Lausanne, is suspected of “incorrect commercial practices” after …

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Swiss medtech fears major blow over US tariffs

2025-10-15

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2025-10-15

Suppliers of medical devices in Switzerland are watching closely the prospect of new customs duties in the United States, applicable to all non-US production. + Get the most important news from Switzerland in your inbox The US Department of Commerce is conducting an investigation until October 17 into the importation of a range of devices …

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FINMA appeals decision on Credit Suisse AT1 bonds

2025-10-15

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2025-10-15

The Swiss Financial Market Supervisory Authority (FINMA) does not intend to accept the decision of the Federal Administrative Court to write off Credit Suisse’s AT1 bonds. It is now appealing the decision to the Federal Supreme Court, as the authority announced on Wednesday. + Get the most important news from Switzerland in your inbox In …

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Zurich Airport sees passenger numbers continue to rise

2025-10-15

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2025-10-15

September was a positive month for Zurich Airport in terms of passenger numbers. The airport remains on track to surpass its annual record for passenger numbers set in 2019. + Get the most important news from Switzerland in your inbox In the ninth month of the year, more than 3 million people passed through Kloten … Continue...

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Vote poll: ‘no’ to inheritance tax; narrow ‘yes’ to civic service

2025-10-15

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2025-10-15

The first poll for the nationwide vote on November 30 indicates a clear “no” to the inheritance tax initiative and a very narrow “yes” to the citizen service initiative. + Get the most important news from Switzerland in your inbox Swiss voter opinions on the initiative “For a social climate policy – fairly financed through …

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EU fines Richemont brand Chloé €20 million

2025-10-14

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2025-10-14

The European Union has imposed fines totalling €157 million on the luxury houses Gucci (Kering), Chloé (Richemont) and Loewe (LVMH) for breaches of competition rules. + Get the most important news from Switzerland in your inbox The European Commission has accused the three companies, based in Italy, France and Spain respectively, of restricting the ability …

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Credit Suisse bond write-down had no legal basis: Swiss court

2025-10-14

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2025-10-14

The Swiss Federal Administrative Court has cancelled the write-off of AT1 bonds in the takeover of Credit Suisse by UBS in 2023. + Get the most important news from Switzerland in your inbox The controversial step carried out by the Swiss Financial Market Supervisory Authority (FINMA) had no legal basis, the court stated.

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Swissgrid posts lower profit in the first half of the year

2025-10-14

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2025-10-14

Switzerland's national electricity grid operator Swissgrid generated less turnover and profit in the first half of 2025, but was still able to strengthen its finnacial base. + Get the most important news from Switzerland in your inbox Net sales for the first six months of the year fell by 4% to CHF795.5 million.

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ABB to power new AI data centres with Nvidia

2025-10-14

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2025-10-14

Swiss technology group ABB will collaborate with US computer chip manufacturer Nvidia to jointly develop new power supply solutions for future data centres. + Get the most important news from Switzerland in your inbox The partnership will focus on the development and deployment of "state-of-the-art power supply solutions", ABB announced. These are required for a "highly efficient, scalable power supply for future AI workloads".

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Swiss government fears wealth exodus with inheritance tax hike

2025-10-13

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2025-10-13

The Swiss government fears a proposed national inheritance tax on estates over CHF50 million could reduce overall tax revenues as wealthy people are likely to leave the country. + Get the most important news from Switzerland in your inbox Voters will decide on the proposal by the youth wing of the Social Democratic Party (Juso) …

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Swiss Gaza flotilla activists return, Ukrainian protection status, social media ban for minors

2025-10-10

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Here are three stories from Switzerland you may have missed this week. Number one: all 19 Swiss members of the Gaza flotilla have returned home this week after being expelled from Israel. Number two: starting in November, Ukrainian refugees from seven western regions of the country will no longer be eligible for S protection status in Switzerland. Number three: the head of the Association of School Principals in German-speaking Switzerland...

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Ypsomed injects CHF200 million to gain a foothold in the US

2025-10-10

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2025-10-10

Self-injection device manufacturer Ypsomed is planning to build its first factory in the United States. It has set its sights on the Holly Springs site in North Carolina, where it plans to invest an initial CHF200 million ($248 million). The plant is due to start supplying US demand at the end of 2027, according to … Continue...

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Switzerland mulls public-private model for transport projects

2025-10-10

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2025-10-10

Economiesuisse executive board member Alexander Keberle calls for greater use of public-private partnerships to fund upgrades to the Swiss transport network. In an interview with Tamedia's German-language newspapers, Alexander Keberle says that possibilities already exist in Switzerland, notably via pension funds. +Get the most important news from Switzerland in your inbox "The state could work …

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Swiss alliance of parties submits referendum against individual taxation

2025-10-09

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2025-10-09

A non-partisan alliance submitted 65,672 signatures on Thursday in favour of a referendum against the introduction of individual taxation. According to the alliance, the reform passed by the Swiss parliament will probably be put to voters in March 2026. The signatures were submitted by members of several parties: The Centre, the right-wing Swiss People's Party, …

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Select Swiss airports to roll out new entry-exit system on Monday

2025-10-09

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2025-10-09

At Swiss airports, a new entry and exit system will be introduced in stages, starting on October 12. It will allow third-country nationals to be registered electronically, replacing the current manual stamping of travel documents. The announcement was made on Thursday by the State Secretariat for Migration (SEM), which said that the new Entry-Exit-System (EES) …

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Swiss firm RUAG to assemble and test four F-35A fighter jets

2025-10-09

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2025-10-09

Four of the 36 F-35A fighter jets ordered by Switzerland from the United States will undergo final assembly and testing at RUAG's site in canton Lucerne. The defence company is exploring how it can turn itself into a European centre for military aviation. The Swiss defence ministry is supporting the so-called RIGI project, defence company …

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