Category Archive: 3) Swiss Markets and News
SWISS grounds its Airbus A220-100s
Faced with engine maintenance problems and a shortage of spare parts, Swiss International Airlines (SWISS) decided to take all nine of its relatively small Airbus A220-100s out of service with immediate effect for one and a half years. + Get the most important news from Switzerland in your inbox This was indicated by Chief Financial …
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Nestlé rejects allegations of human rights violations in supply chain
Swiss food giant Nestlé has rejected accusations by human rights and environmental organisations regarding violations of the German Supply Chain Act. + Get the most important news from Switzerland in your inbox A Nestlé spokeswoman told the news agency AWP on Thursday that Nestlé had either not been directly involved with the companies concerned or …
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Fewer retailers accept cash in Switzerland
For the most part, the Swiss population can still choose between paying with cash, payment cards and payment apps when shopping and visiting restaurants. However, cash is less and less accepted in retail trade and on public transport. + Get the most important news from Switzerland in your inbox Overall, cash is accepted by fewer …
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Swiss economic outlook is improving, says thinktank
Switzerland's economic outlook continued to improve in October, according to the KOF Institute's Economic Barometer. While expectations are improving overall, there are divergences between sectors. + Get the most important news from Switzerland in your inbox After falling in August as a result of the introduction of 39% tariffs on Swiss imports into the United …
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SWISS to reduce flight destinations from Geneva
Swiss International Airlines (SWISS) will be reducing the number of short-haul flights out of Geneva Airport from summer 2026. The airline cites a lack of resources. + Get the most important news from Switzerland in your inbox "We are reducing the number of destinations from Geneva because we need to optimise the use of our … Continue...
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Switzerland tightens Russia sanctions in finance and oil sectors
Three and a half months after the European Union, Switzerland is also implementing new sanctions against Russia. The package includes further export restrictions on goods to strengthen industry as well as goods to strengthen Russia's military and technological capabilities. + Get the most important news from Switzerland in your inbox This is the 18th package …
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UBS to appeal AT1 bond court setback
Swiss bank UBS intends to appeal against the Federal Administrative Court's verdict that the write-down of Credit Suisse's AT1 bonds had no legal basis. + Get the most important news from Switzerland in your inbox UBS joins Finma, which announced in mid-October that it intended to bring the case before the Federal Supreme Court. With …
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UBS bank posts $2.5 billion Q3 profit
Swiss bank UBS posted a net profit of $2.5 billion in the third quarter, up 74% year-on-year, thanks to its core business and the dissolution of provisions for legal risks. + Get the most important news from Switzerland in your inbox The bank also made progress with its cost-cutting programme following the takeover of Credit …
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Swiss appliance manufacturer V-Zug to cut costs
Following the slump in profits in the first half of the year, Swiss household appliance manufacturer V-Zug is resorting to more stringent cost-cutting measures. + Get the most important news from Switzerland in your inbox The Group expects sales and profits to plummet in 2025 Net sales for the current financial year are expected to …
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Swiss lawmakers back media copyright fees for digital giants
Large online services such as Google and X should pay copyright fees when they display extracts from newspaper articles, says a Swiss parliamentary committee. + Get the most important news from Switzerland in your inbox However, the House of Representatives Committee for Transport and Telecommunications (KVF-N) wants to refer the corresponding bill back to the …
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Apprenticeships boost immigrant integration in Switzerland
Swiss justice minister Beat Jans has praised the role of pre-apprenticeship INVOL programme for helping integrate immigrants into society. + Get the most important news from Switzerland in your inbox INVOL prepares refugees and immigrants for basic vocational training over the course of a year. The Confederation believes that pre-apprenticeships make a valuable contribution to …
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Swiss cablecars post CHF1.8 billion turnover in 2025
Swiss cablecar companies recorded a turnover of CHF1.8 billion in 2025. Strong growth was recorded in the summer months in particular, said the Swiss Cableways Association. + Get the most important news from Switzerland in your inbox Compared to the previous year, the cablecars increased their turnover by CHF200 million. The results for 2025 are …
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Swiss white collar worker shortfall more pronounced
The shortage of highly qualified workers is getting worse in Switzerland. Around 70% of professions such as medicine, architecture, physiotherapy, notary and careers guidance see staff shortages as a major problem in their sector. + Get the most important news from Switzerland in your inbox This shortage has a direct impact on clients and patients, …
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Ex-UBS trader sues bank for ‘malicious’ Libor prosecution
Tom Hayes, the former star UBS bank trader who became the face of the Libor rigging scandal, sued his former employer accusing it of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership. + Get the most important news from Switzerland in your inbox …
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Swiss trade union says Sunday leave is out of the question
Switzerland's trade union Unia today reiterated its opposition to the extension of Sunday working, which it considers harmful to the health of sales staff. + Get the most important news from Switzerland in your inbox Unia, on the last day of its congress in Brig, canton Valais, denounced plans to expand the number of Sunday …
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Swiss Post expects a ‘significant’ decline in profits
According to interim CEO Alex Glanzmann, Swiss Post is expecting a significant drop in profits compared to last year. + Get the most important news from Switzerland in your inbox "We are expecting a low three-digit million figure", said Glanzmann in an interview with Swiss German-language newspaper SonntagsBlick. Swiss Post generated a Group profit of …
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HAYA Therapeutics CEO sees a future where his therapy could treat cancer and Alzheimer’s
Samir Ounzain, CEO of science start-up HAYA Therapeutics, talks about the limits of entrepreneurship in Switzerland, entering the US market and how his therapy for heart disease could change the world of medicine. Founded in 2019, HAYA Therapeutics aims to pioneer an approach to treating disease by turning sick cells back into healthy ones. The …
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Storm Benjamin, Swiss village relocation and festive lights curfew
Storm Benjamin batters Switzerland, Brienz villagers seek permanent relocation and a curfew on Christmas lights sparks debate. Here are three stories from Switzerland this week.
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AI blamed for falling Swiss job vacancies
The expansion of artificial intelligence (AI) may explain a slowdown in the Swiss labour market, says staffing firm Adecco. +Get the most important news from Switzerland in your inbox According to a regular analysis by Adecco, the number of vacancies fell by 0.2% in the second quarter compared to the previous three months and by …
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Swiss vote: taxing the rich to save the planet?
Should Inheritance Be Taxed to Fight Climate Change? 💰🌍
A new initiative in Switzerland proposes a 50% inheritance tax on fortunes over CHF 50million, aiming to fund the country’s green transition and tackle the climate crisis.
Supporters say it’s about climate justice, arguing that the wealthiest individuals, with their larger carbon footprints, should contribute more to sustainable solutions. The tax could generate billions for climate...
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