Category Archive: 3) Swiss Markets and News

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US court dismisses Credit Suisse lawsuit against Switzerland

A United States court says Switzerland is not liable for losses incurred by creditors in connection with so-called AT1 bonds in the takeover of Credit Suisse by UBS. +Get the most important news from Switzerland in your inbox This was decided by a US District Court in New York. The Swiss Federal Department of Finance …

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Pfizer deal gives Novartis and Roche stock boost

Pharmaceutical stocks rebounded in a big way on the Zurich stock exchange in the wake of a tariff agreement reached by Pfizer in the United States. +Get the most important news from Switzerland in your inbox Long under pressure due to intentions to regulate drug prices in the US, companies are breathing a sigh of … Continue...

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More than a third of Swiss companies report irregularities

More than one third of Swiss companies were affected by illegal and unethical behaviour within their organisation or in their supply chain last year. +Get the most important news from Switzerland in your inbox However, Swiss companies are less affected than average. This is the conclusion of the Whistleblowing 2025 report published today by the …

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Ex-US climate ambassador Kerry urges more green investing

Former United States climate ambassador John Kerry sees energy transition as a great opportunity for the economy and investors. +Get the most important news from Switzerland in your inbox "It is the biggest economic transformation since the industrial revolution," he told the Building Bridges sustainability conference in Geneva. + Swiss finance sector told to ‘green’ …

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UBS CEO Ermotti: ‘we never threatened to leave Switzerland’

Sergio Ermotti, CEO of Swiss bank UBS, says he is confident that a good solution will be found regarding the bank’s capital requirements in Switzerland. +Get the most important news from Switzerland in your inbox The company addressed journalists on the day of the presentation of its official response to the consultation launched by the …

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Zermatt restaurant operators fined for violating Covid-19 measures

Last Thursday, the Valais Cantonal Court sentenced the three operators of the Walliserkanne restaurant in Zermatt. They were found guilty of repeated obstruction of an official act. They received fines and suspended sentences. +Get the most important news from Switzerland in your inbox The sentences relate mainly to incidents that occurred in 2021. The defendants …

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Swiss central bank makes sharp increase in foreign exchange purchases

Foreign exchange purchases by the Swiss National Bank (SNB) increased significantly in the second quarter. +Get the most important news from Switzerland in your inbox Between April and June, the institution bought the equivalent of CHF5.1 billion ($6.4 billion), according to statistics published on Tuesday, as usual at the end of the quarter following the …

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More than one third of firms in Switzerland are founded by foreigners

More than one in three new companies in Switzerland will have been founded by foreigners by 2025. According to an analysis by the Institute for Young Entrepreneurs (IFJ), 37.5% of the total 40,867 new entries in the commercial register between January and September were made by people without a Swiss passport. +Get the most important …

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Price of gold reaches record amid fears of US government shutdown

The price of an ounce of gold continued to rise on Tuesday morning. After reaching $3,850 on Monday night, it rose to $3,870 on Tuesday, buoyed by the risk of budgetary paralysis in the United States, the so-called “shutdown”. +Get the most important news from Switzerland in your inbox At around 7:35am on the last …

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Swiss economic sentiment improves but remains subdued

Expectations for the Swiss economy remain subdued, according to the KOF Economic Barometer, which rose slightly in September but still signals caution. +Get the most important news from Switzerland in your inbox The economic barometer compiled by the KOF Swiss Economic Institute rose to 98 points in September. In August, it had fallen to its …

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UBS criticises Swiss proposal to change capital adequacy requirements

The major bank UBS has criticised a draft amendment to the Federal Capital Adequacy Ordinance in Switzerland. +Get the most important news from Switzerland in your inbox According to UBS, the “disproportionate” proposals for the treatment of the bank’s own software and deferred tax assets would destroy around $11 billion (CHF8.7 billion) in capital at …

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Trade unions push back on sale of Nestlé Waters

A demonstration against the proposed sale of Nestlé Waters to a partner brought together around a hundred people at the company headquarters in Vevey on Monday. Trade union delegations came from seven European countries to make their voices heard. +Get the most important news from Switzerland in your inbox The demonstrators had travelled from France, …

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Novartis launches direct sales platform in US in bid to lower drug prices

Novartis is starting a new chapter in US sales: On Monday, the pharmaceutical company announced that it will sell its psoriasis drug Cosentyx (secukinumab) directly to cash-paying patients in the US via a direct-to-patient (DTP) platform. +Get the most important news from Switzerland in your inbox This platform is set to launch on November 1, …

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Switzerland recorded 164 cyber attacks in last 6 months

The first six months since the introduction of the obligation to report cyber attacks on critical infrastructure have ended on a positive note. This was reported today in a statement by the Federal Office for Cyber Security (FCOS). +Get the most important news from Switzerland in your inbox In this time period, 164 attacks were …

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Swiss central bank explores link to Eurozone instant payment system

The Swiss National Bank (SNB) and the European Central Bank (ECB) are examining the possibility of linking the instant payment systems of the two areas. +Get the most important news from Switzerland in your inbox The two entities have started an exploratory phase to connect the IP service and the SIC system with the Eurosystem’s …

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Swiss economy grew by 1.4% in 2024

According to the latest data, the Swiss economy grew significantly in 2024. Gross domestic product (GDP) recorded an increase of 1.4% at the previous year’s prices, as reported by the Federal Statistical Office (FSO) on Monday. +Get the most important news from Switzerland in your inbox At current prices, it rose by 2.4% to CHF854 … Continue...

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Swiss fragrance firm Givaudan invests CHF40 million in China factory

Flavour and fragrance giant Givaudan is inaugurating construction work on its new fragrance and beauty products factory in Guangzhou, southern China. Givaudan plans to invest CHF40 million ($50 million) to strengthen its capacities in the country. +Get the most important news from Switzerland in your inbox This inauguration “marks another important step in supporting the …

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Eigenmietwertreform: Bedeutung für Hausbesitzer, Mieter und Anleger

Mit der Reform wird der Eigenmietwert abgeschafft, dafür fallen Schuldzinsenabzüge (Hypothek, Lombard) weitgehend weg. Gewinner sind schuldenfreie Hauseigentümer, Verlierer sind Kreditnehmer. Mieter und Anleger ohne Kredit bleiben unverändert (EFD).

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Tariffs ‘threaten global medicine supply’: Swiss pharma agency

United States tariffs on medicines have threatened global drug supply chains, says an association representing Swiss pharmaceutical companies. +Get the most important news from Switzerland in your inbox Customs barriers disrupt production and supply chains and hinder research and development, Interpharma told AWP.

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Novartis responds to Trump’s 100% tariffs on drugs

Donald Trump has vowed to slap 100% tariffs on pharmaceutical imports to America from 1 October 2025. The measure, announced in a fleeting post on Truth Social, will apply to patented medicines, though generics appear exempt.

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