Category Archive: 3) Swiss Markets and News

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Nestlé Chairman Paul Bulcke steps down earlier than planned

There is another major departure from the management of the Nestlé food group. Chairman of the Board of Directors Paul Bulcke is now stepping down early. His departure follows the dismissal of Nestlé CEO Laurent Freixe at the beginning of September. +Get the most important news from Switzerland in your inbox The pressure on 71-year-old …

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Switzerland launches trade alliance with 13 small and medium-sized economies

Switzerland wants to diversify and strengthen trade relations together with 13 other countries. With this in mind, the small and medium-sized economies involved have launched the 'Future of Investment and Trade Partnership'. The new initiative brings together small and medium-sized economies with an interest in open and rules-based global trade. According to the economics ministry, …

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Zurich airport trials autonomous buses for employees

Zurich airport could become the first in Europe to use autonomous buses to transport employees around the runway. The system is currently being tested with a driver on board in case of problems. The pilot project has been underway since March, Zurich airport said on Tuesday. Since June, employees have been able to board an …

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Singapore will not overtake Swiss financial centre, says Swiss Bankers Association president

The Swiss financial centre is still well-positioned, despite the collapse of Credit Suisse, said the president of the Swiss Bankers Association (SBA) Marcel Rohner. "One cannot speak of a loss of importance," said the 61-year-old in an interview published today by the Neue Zürcher Zeitung (NZZ). Singapore and Hong Kong were acknowledged as major competitors, …

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Switzerland tops Global Innovation Index

Switzerland remains the most innovative country in the world, according to an index published on Tuesday by the World Intellectual Property Organisation (WIPO) in Geneva. The country comes out ahead of Sweden and the United States, while China has entered the top ten for the first time. +Get the most important news from Switzerland in …

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Swiss firms react to tariffs with automation and local production

According to a survey, Swiss companies have taken several measures in response to the recently announced tariffs by the United States. These include increasing efficiency and automation. +Get the most important news from Switzerland in your inbox In a survey conducted by strategy consultants EY Parthenon, 48% of the CEOs surveyed are planning specific measures …

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Euroairport Basel-Mulhouse sets summer traffic records

More than 2.4 million passengers used Euroairport Basel-Mulhouse during the summer holiday period. This is a new record and corresponds to 9% increase over the previous year. Euroairport also set a record for the month of August with over one million passengers travelling. In addition, 36,802 passengers travelled on August 8, more than ever before …

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UBS allegedly considering moving headquarters to the US

Rumours of UBS moving to the United States have resurfaced, just as the Swiss Senate is due to take up the issue of tightening capital requirements for institutions considered "systemic" in Switzerland on Monday. Already a dominant player on the Swiss banking scene at the time, Switzerland's number one bank became even bigger on March …

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Can Switzerland lower agricultural tariffs to negotiate a better deal with the US?

The Alpine nation is trying to negotiate its way out of a steep tariff of 39% imposed by the US on August 1. The European Union, which wrangled a much lower tariff of 15%, offered concessions on certain US food imports. Is this an option for Switzerland? On Swiss National Day (August 1), it is … Continue reading...

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Top executives in Switzerland earn 143 times more than employees

Last year, senior executives of large Swiss companies earned 143 times more than their lower-paid employees. According to a study by the trade union Unia, the gap has narrowed slightly compared to recent years. +Get the most important news from Switzerland in your inbox In 2023, the gap between the highest and lowest wages was …

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Chinese e-commerce site Temu opens platform for Swiss companies

Chinese e-commerce giant Temu has launched its “Local-to-Local” programme in Switzerland. From September 15, Swiss retailers will be able to offer their products directly on Temu’s platform, as the company announced on Monday. +Get the most important news from Switzerland in your inbox In the initial phase, Swiss companies will only be able to sell …

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SWISS boss says relocations at Lufthansa bring more efficiency

Swiss International Airlines (SWISS) CEO Jens Fehlinger has defended the planned relocation of tasks within the Lufthansa Group. In an interview with the SonntagsBlick, he emphasised that SWISSwill remain an independent airline with its own brand and management in Zurich. +Get the most important news from Switzerland in your inbox However, as a subsidiary of …

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Swatch CEO on tariffs: ‘whole world saw Switzerland panic’

Swatch CEO Nick Hayek accuses the Swiss federal government of a lack of leadership in the tariff dispute with the United States. +Get the most important news from Switzerland in your inbox Switzerland showed signs of weakness and panicked before the eyes of the whole planet, he says: in his opinion, the government should have …

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How Neutrality Shapes the Swiss Franc | Your Questions Answered

What impact does Swiss neutrality have on the strength of its currency? And where does this unique policy come from? We break it all down in this video. Got a question about Swiss neutrality? Drop it in the comments! --- 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...

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US says Switzerland can order fewer fighter jets amid cost hike

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 …

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Switzerland wins 11 medals at Euro Skills competition

Switzerland won 11 medals at the European Skills Championships in Herning, Denmark. The Swiss Skills Foundation announced on Saturday evening that it had won the competition once again. +Get the most important news from Switzerland in your inbox The young professionals won gold medals in six areas, while Switzerland also took three silver and two …

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Credit Suisse shareholders fighting UBS face limited document access

Credit Suisse shareholders who are demanding more for their shares from UBS are currently only allowed to make limited public statements. This has been ordered by the Zurich Commercial Court. How much was Credit Suisse worth when it was taken over by UBS on March 19, 2023? Two and a half years after the collapse …

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Swiss climate policy favours incentives over taxes from 2030

Swiss climate policy from 2030 will focus on incentives to reduce CO2 emissions and an additional emissions trading system rather than higher or new taxes. +Get the most important news from Switzerland in your inbox On Friday, the government discussed the revision of the CO2 Act for the years after 2030 in order to implement …

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US Secretary of Commerce confident of Swiss tariff deal

United States Secretary of Commerce Howard Lutnick is confident about striking a customs deal with Switzerland, which is facing 39% tariffs for good exported to the US. +Get the most important news from Switzerland in your inbox "We will probably get a deal with Switzerland," he said in an interview with the US broadcaster CNBC …

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Swiss watchmaking industry grapples with spike in US trade tariffs

The 39% tariffs on Swiss exports to the United States, introduced in August, are a heavy blow for Swiss watchmakers. Industry journalist Alexey Tarkhanov went to the Geneva Watch Days trade fair to get a feel for the mood. The announcement had already cast a shadow over Swiss National Day, August 1. One month later, …

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