Category Archive: 3) Swiss Markets and News

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France: UBS pays €835 million to settle tax dispute

2025-09-23

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2025-09-23

UBS has settled an old tax dispute in France and will pay a total of 835 million euros (CHF780.7 million) to put an end to this case dating from 2004 to 2012, it announced on Tuesday. +Get the most important news from Switzerland in your inbox The €835 million to be paid breaks down into … Continue reading »

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Thyssenkrupp Presta cuts 570 jobs in Switzerland and Liechtenstein

2025-09-22

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2025-09-22

The crisis in the automotive industry is also hitting Switzerland hard. Thyssenkrupp Presta, a group specialising in the production of steering systems for cars, will cut up to 570 jobs in Liechtenstein and the Swiss canton of Appenzell Inner Rhodes. Over the next 12 months, the workforce will be reduced by a quarter, the subsidiary …

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Switzerland halts work on futuristic underground freight transport facility

2025-09-22

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2025-09-22

The federal government, the local cantons and the city of Zurich are suspending further work on the Cargo Sous Terrain project for an underground freight transport facility for the time being. The reason for this is that the requirements have not been met. According to a statement issued by the Federal Office of Transport (FOT) …

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Is Swiss Neutrality Still a Thing? | Your Questions Answered

2025-09-21

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Neutrality in Switzerland: still relevant today? 🇨🇭🧀 And what does Swiss cheese have to do with it? Watch this video to find out and head over to SWI swissinfo.ch for more answers to your questions. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch...

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Americans turn to Swiss banks in search of a safe haven

2025-09-20

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2025-09-20

Americans are knocking more and more insistently on the doors of Swiss banks, although few institutions now cater to this type of clientele. The attraction is Switzerland's reputation as one of the most stable countries, with a prosperous economy and a tradition of neutrality, a sort of safe haven in the storm of Washington's tariffs. …

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Swiss firm suspected of violating gold sanctions against Russia

2025-09-20

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2025-09-20

The State Secretariat for Economic Affairs (Seco) has launched an investigation into Open Mineral, a commodities trader based in Baar. The company is suspected of violating sanctions against Russia in relation to gold, Reuters reported on Friday. Open Mineral allegedly traded the precious metal from Russia, violating sanctions against Moscow after the start of the …

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Swiss government wants a new law to secure gas supplies

2025-09-20

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2025-09-20

The supply of gas in Switzerland is to be regulated by means of a new special law (Gas Supply Act). On Friday, the government launched a consultation until December 19 on a draft. The aim is to increase the security of gas supply and to define clear rules for market access by end consumers, a … Continue reading...

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Novartis CEO wants to end higher pricing for drugs sold in the US

2025-09-20

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2025-09-20

The Swiss pharmaceutical company Novartis wants to eliminate the price difference between medicines in the US and other industrialised countries. Group CEO Vasant Narasimhan believes that countries outside the US have a duty to contribute more to innovation. "It is a fact that American patients pay for a large part of the innovations," said Narasimhan …

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The high stakes fight over drug prices

2025-09-19

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2025-09-19

How much is a new drug worth? That’s the million-dollar question that health authorities around the world are grappling with as pharma companies demand higher prices. Drug companies and regulators around the world are increasingly at loggerheads over prices for new medicines. In Switzerland, pharma giant Roche recently pulled a cancer drug from the market …

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How a clash with Roche exposed cracks in Switzerland’s drug pricing system

2025-09-19

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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 …

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Swiss campaigners submit petition to protect minors on social media

2025-09-18

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2025-09-18

Social media platforms should no longer be accessible to children and young people under the age of 16, a new petition is requesting. The non-profit organisation NextGen4Impact submitted the petition with 60,000 signatures to the Swiss government on Thursday. +Get the most important news from Switzerland in your inbox "We need a clear age limit …

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Swiss Post resumes shipping parcels to US for business customers

2025-09-18

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2025-09-18

From Monday, Swiss Post will once again be able to send some parcels from business customers to the United States. The prerequisite for this is a billing relationship. Swiss Post announced on Thursday that it will once again provide Swiss businesses, such as online retailers, with a postal shipping service that complies with the new …

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Swiss Jura region hit hard by US tariffs

2025-09-18

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2025-09-18

The economy of the Jura region in western Switzerland is suffering as a result of the tariffs imposed by the United States. Since the beginning of September, more than 100 companies, employing a total of 4,000 people, have applied for short-time work compensation. This affects around 10% of the canton's workforce. These figures are quoted …

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Roche buys US firm 89bio for up to $3.5 billion

2025-09-18

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2025-09-18

Swiss pharma giant Roche is acquiring the California-based liver and cardiovascular disorders specialist 89bio for an initial sum of $2.4 billion (CHF1.9 billion). The Basel-based pharmaceutical giant expects to make additional payments of up to $1.1 billion. +Get the most important news from Switzerland in your inbox In particular, the deal enables the Basel-based multinational …

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Swiss watch exports to US take tumble amid high tariffs

2025-09-18

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2025-09-18

Swiss watch exports went into a tailspin in August, after surging in July in response to tariffs imposed by the United States. Shipments of timepieces to the US plummeted by almost a quarter, following a 45% jump in July. +Get the most important news from Switzerland in your inbox Overall, Swiss watch exports fell by … Continue...

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Survey finds multinationals have a good image in Geneva region

2025-09-17

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2025-09-17

Multinational companies enjoy a good image in the Lake Geneva region, where the population is generally aware of their importance to prosperity, a survey reveals.. +Get the most important news from Switzerland in your inbox The Geneva-based Groupement des entreprises multinationales (GEM) has conducted its first study in its 55-year history into the image of …

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Swiss engineering giant ABB invests in California AI company

2025-09-17

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2025-09-17

ABB has invested in California company LandingAI through its Robotics division. This collaboration, the first of its kind, should eventually lead to the development of autonomous and versatile robots. +Get the most important news from Switzerland in your inbox The LandingLens platform makes it possible to identify and process objects, processes or faults, without the …

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Ricola postpones new Swiss factory opening due to US tariffs

2025-09-17

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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 …

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Swiss House of Representatives rejects plan to abolish marriage tax penalty

2025-09-17

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2025-09-17

The Swiss House of Representative recommended rejecting the centrist initiative to abolish the marriage penalty in federal tax without a counter-proposal by 99 votes to 92. It considers the proposed model to be unsuitable and favours individual taxation. +Get the most important news from Switzerland in your inbox The initiative “Yes to fair federal taxes …

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Switzerland signs free trade agreement with Mercosur states

2025-09-17

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2025-09-17

Swiss Economics Minister Guy Parmelin and representatives of the other European Free Trade Association states (EFTA) signed the free trade agreement with the Mercosur states in Rio de Janeiro on Tuesday. It enables “significant customs savings” for Swiss companies. +Get the most important news from Switzerland in your inbox The signing of the free trade …

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