Category Archive: 3) Swiss Markets and News

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SWISS to resume Tel Aviv flights in July

Swiss International Air Lines will resume its flights to Tel Aviv from July 1. +Get the most important news from Switzerland in your inbox In the meantime, the Swiss airline said it will make all the necessary operational preparations to offer this route to its passengers again. While a number of airlines in the Lufthansa … Continue...

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Switzerland signs up to European port alliance

Swiss Rhine ports have joined the European information system for navigation to make transport on the river safer and more efficient. +Get the most important news from Switzerland in your inbox This took place with the signing of the European Corridor Management Agreement (ECMA), announced the Port of Switzerland (SRH) on Wednesday. This took place …

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Gotthard train crash report notes ignored warning signals

Swiss Federal Railways might have prevented the 2023 Gotthard tunnel train derailment, according to an expert report commissioned by the Ticino public prosecutor's office. +Get the most important news from Switzerland in your inbox The consequences of a broken wheel in the Gotthard Base Tunnel in August 2023 were CHF150 million in repair works and …

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Football World Cup to give limited boost to Swiss economy

The 2026 football World Cup, hosted by the United States, Canada and Mexico, kicks off in one month. Thanks to FIFA's headquarters in Zurich, the tournament will also reflect on the Swiss economy. +Get the most important news from Switzerland in your inbox However, the impact will be less than one might expect from the …

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Switzerland-London direct train service gets support from French operators

Plans for a direct Switzerland–London train link moved a step closer after Swiss Federal Railways signed a memorandum of understanding with France’s SNCF and high-speed operator Eurostar. The letter of intent that has now been signed is an important milestone for the project. It is based on a cooperation agreement that Federal Railways and the …

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UBS boss warns of European decline with ‘over-regulation across the board’

Europe will continue to fall behind the US and Asia until a severe crisis forces politicians to act, UBS chief executive Sergio Ermotti has warned, blaming the continent’s decline on “over-regulation across the board”. Ermotti said “things are bad” in Europe “but not bad enough to take action”, pointing to “no growth” and a “clear …

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Top Swiss electricity producer wants gas-fired power plants for supply security

Axpo's chair Thomas Sieber, favours three to four gas-fired power plants to secure Switzerland's electricity supply. The electricity company's preferred scenario combines hydropower, other renewable energy and gas. Gas-fired power plants have major advantages because they can be built relatively quickly and bring flexibility to the system, Sieber said in an interview with the CH-Media …

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SWISS to reduce administrative staff levels by 10%

The airline SWISS has extended its cost-saving measures to ground staff. “The aim is to reduce our administrative staff by around 10%,” said Jens Fehlinger, CEO of SWISS, in an interview with the newspaper NZZ am Sonntag. +Get the most important news from Switzerland in your inbox The airline does not want to resort to … Continue...

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Formo founder Raffael Wohlgensinger: ‘I set out to make Gruyère cheese, without the cow’

Swiss entrepreneur Raffael Wohlgensinger wants to shake up the vegan cheese market in Germany. However, the slow EU approval process is making him look to greener pastures such as the US. The son of a Swiss father and a Brazilian mother, Wohlgensinger grew up in a village in the Winterthur area, northeastern Switzerland, and loves …

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Formo founder Raffael Wohlgensinger: ‘I set out to make Gruyère cheese, without the cow’

Swiss entrepreneur Raffael Wohlgensinger wants to shake up the vegan cheese market in Germany. However, the slow EU approval process is making him look to greener pastures such as the US. The son of a Swiss father and a Brazilian mother, Wohlgensinger grew up in a village in the Winterthur area, northeastern Switzerland, and loves …

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Formo founder wanted to make Gruyère cheese, but without cows

Swiss entrepreneur Raffael Wohlgensinger wants to shake up the vegan cheese market in Germany. However, the slow EU approval process is making him look to greener pastures such as the US. The son of a Swiss father and a Brazilian mother, Wohlgensinger grew up in a village in the Winterthur area, northeastern Switzerland, and loves …

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Major Swiss retailers face tampons shortage amid price negotiations

In recent weeks, feminine hygiene products have been disappearing from Swiss supermarket shelves, as several retailers negotiate prices with American giant Procter & Gamble (P&G), the manufacturer of brands including Tampax, Always and Gillette. +Get the most important news from Switzerland in your inbox According to reports on online portal 20Minuten, Tampax products have been …

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The Closomat: how a Swiss loo (almost) conquered the world

Hans Maurer had a brilliant idea: why bother with loo paper when you can conveniently clean yourself with a jet of water? However, he would never have dreamed that his invention, the Closomat, would come to dominate the Japanese market as a high-tech variant. Have you ever been to Japan? In any case, you’ve probably … Continue...

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Swiss, French ministers meet in Geneva to discuss G7 summit

A bilateral Franco-Swiss working meeting was held in Geneva on Friday evening. Foreign Minister Ignazio Cassis met his French counterpart Jean-Noël Barrot. Discussions included the organisation of the G7 summit in Evian next June. +Get the most important news from Switzerland in your inbox "The G7 in Evian, which will take place in a few …

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SWISS flight diverted to Kazakhstan over co-pilot illness

A Swiss International Air Lines (SWISS) plane that made an unscheduled stop in Kazakhstan last Wednesday arrived back in Zurich on Friday morning with 221 passengers on board. The aircraft was forced to land in the central Asian country because of a medical emergency involving the co‑pilot. +Get the most important news from Switzerland in …

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Bern sticks with Swiss‑US trade talks despite court ruling on tariffs

The conclusion of a trade agreement between Switzerland and the United States remains the Federal Council's top priority, regardless of Thursday's US court ruling that President Trump's tariffs are illegal. +Get the most important news from Switzerland in your inbox A US trade court has dealt another blow to President Donald Trump's tariff strategy, ruling …

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Growing financial strain hits Swiss middle class

Most people in Switzerland are considered middle class, yet financial insecurity is common: roughly one in four people in the lower middle class could not meet an unexpected CHF2,500 bill ($3,200), according to the Federal Statistical Office (FSO). +Get the most important news from Switzerland in your inbox The findings are based on the FSO’s …

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Solar Impulse aircraft destroyed in Gulf of Mexico crash

Solar Impulse 2, a solar‑powered aircraft built in Switzerland that completed a landmark round‑the‑world flight in 2016, has been destroyed after crashing in the Gulf of Mexico. No one was on board. +Get the most important news from Switzerland in your inbox Sold in 2019 to a Spanish‑American company and later tested by the US …

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Swiss consumer confidence edges up but remains weak

Swiss consumer confidence edged up in April, but economic expectations remain cautious and job insecurity elevated amid persistently high prices. +Get the most important news from Switzerland in your inbox In April, the overall consumer confidence index calculated by the State Secretariat for Economic Affairs (SECO) stood at -40.0 points, up 2.9 points from -42.9 …

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Why Switzerland stopped short of formally sanctioning Ukraine

Swiss neutrality is often misunderstood. An analysis shows how Switzerland’s response to the war against Ukraine divides the Swiss and puzzles outsiders. Laws reveal much about how a nation sees itself. So too can the laws that do not get passed. When Russia launched its full-scale invasion of Ukraine in February 2022, the EU and …

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