Category Archive: 3.) Swissinfo Business and Economy

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Two dead in Stadler tram derailment in Milan

2026-02-28

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2026-02-28

Two people died and several others were injured in a tram accident in Milan on Friday afternoon. The derailed tram was manufactured by Swiss firm Stadler Rail. "We confirm that the tragic accident in Milan involved a Tramlink Milano vehicle," a Stadler spokesperson told the news agency AWP on Friday evening in response to an …

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‘Money laundering’ Swiss MBaer bank shut down

2026-02-27

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2026-02-27

The Swiss Financial Market Supervisory Authority (FINMA) has ordered the liquidation of MBaer Merchant Bank, which has been labelled a money laundering risk by the United States. + Get the most important news from Switzerland in your inbox The supervisory authority had previously identified serious deficiencies in the Zurich-based private bank's anti-money laundering practices during …

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Swiss anti-GMO initiative handed in at Bern

2026-02-27

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2026-02-27

An initiative to protect Swiss food from genetically modified organisms (GMOs), backed by 137,000 supporters, has been submitted to the Federal Chancellery in Bern. + Get the most important news from Switzerland in your inbox The Food Protection Initiative could force a nationwide vote on the issue after reaching the threshold of 100,000 signatures. + …

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Swiss president calls for European economic cooperation

2026-02-27

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2026-02-27

At a meeting with the economic ministers of German-speaking countries in Zurich on Friday, Swiss president Guy Parmelin urged trade cooperation on the continent. + Get the most important news from Switzerland in your inbox European measures should not affect the interlinked supply and value chains. Cooperation and trust must be strengthened among like-minded people …

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Insurer Swiss Re posts significantly higher profits

2026-02-27

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2026-02-27

Reinsurer Swiss Re significantly increased its consolidated profit in 2025, exceeding its own target. + Get the most important news from Switzerland in your inbox Net profit totalled $4.8 billion, significantly higher than the previous year's figure of $3.2 billion. However, profits were still burdened by high provisions for the United States liability business. Swiss …

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Swiss economy rebounded slightly Q4 2025

2026-02-27

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2026-02-27

The Swiss economy regained some momentum in the fourth quarter of last year, with gross domestic product (GDP) up 0.2% on the previous three months. + Get the most important news from Switzerland in your inbox These were the findings of the State Secretariat for Economic Affairs (Seco) on Friday, confirming its initial estimate. Developments …

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Switzerland’s bitter-sweet news for Alzheimer’s patients

2026-02-27

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2026-02-27

Swiss medicines regulator Swissmedic was expected to approve two drugs for Alzheimer‘s disease. But in late January it only approved one, leaving patients in Switzerland with fewer treatment options than in many countries. What happened? For two and a half years, doctors in Switzerland have been eagerly awaiting a decision from Swissmedic on two new …

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Swiss MBaer bank labelled money laundering threat by US

2026-02-26

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2026-02-26

The Swiss MBaer Merchant Bank has been called a "primary risk for money laundering" by the United States authorities. + Get the most important news from Switzerland in your inbox The Swiss Financial Market Supervisory Authority (FINMA) has appointed an investigating officer at the Zurich-based bank following enforcement proceedings. The US Financial Crimes Enforcement Network …

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Switzerland freezes CHF687m linked to Maduro’s Venezuelan circle

2026-02-26

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2026-02-26

Swiss banks are holding CHF687 million in frozen assets originating from Venezuela. These assets belong to individuals associated with the ousted president, Nicolás Maduro. + Get the most important news from Switzerland in your inbox The online portal tippinpoint was the first to report on these assets. The Swiss government confirmed to the Keystone-SDA news …

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Swiss bank Edmond de Rothschild monitors Epstein links

2026-02-26

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2026-02-26

Directors at Edmond de Rothschild bank are monitoring reports of CEO Ariane de Rothschild's contact with sex offender Jeffrey Epstein. + Get the most important news from Switzerland in your inbox The Geneva-based wealth manager is reporting continued inflows of new money. Since the publication of the documents by the United States Department of Justice …

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WEF boss resigns over Epstein links

2026-02-26

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2026-02-26

World Economic Forum (WEF) president and chief executive Børge Brende has resigned amidst a probe into his links with sex offender Jeffrey Epstein. + Get the most important news from Switzerland in your inbox Brende stated on Thursday that after "careful consideration" he is stepping down "I am convinced that the Forum can now continue …

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Swiss service sector adds jobs as industry employment dips

2026-02-26

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2026-02-26

Employment in Switzerland continued to rise slightly in the fourth quarter of 2025. The increase was once again driven by the services sector, while industry jobs continue to decline. + Get the most important news from Switzerland in your inbox The employment outlook is positive overall, according to the employment barometer published by the Federal …

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Swiss second home prices skyrocket

2026-02-26

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2026-02-26

The demand for second homes in Swiss tourist regions remains very high, leading to more rapid price inflation than for primary housing. + Get the most important news from Switzerland in your inbox According to an analysis released today by the consulting firm Wüest Partner, the increase in real estate values for secondary residences was …

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Switzerland mulls Ukraine trade restriction extension

2026-02-26

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2026-02-26

Switzerland not only sanctions Russia but also prohibits goods being exported to Ukraine that could be used in the conflict. The Swiss government wants to extend Ukraine trade restrictions by enshrining temporary emergency powers into a new law. + Get the most important news from Switzerland in your inbox Switzerland largely adopts European Union sanctions …

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Does infant formula have too many ingredients?

2026-02-26

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2026-02-26

Several countries across Europe, including in Switzerland, have reported illnesses that may be linked to toxic contamination in infant formula, following a series of major recalls. Swiss manufacturers Nestlé and Hochdorf are among those involved, alongside the French companies Danone, Lactalis and Vitagermine. What is behind this wave of recalls? And could the race to …

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Swiss lawmakers hold trade talks in US

2026-02-26

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2026-02-26

Swiss parliamentarians have staged talks with members of the United States Congress and business representatives in Washington to discuss prospects for a possible bilateral trade agreement. + Get the most important news from Switzerland in your inbox They were part of a delegation from the European Union (EU) and European Free Trade Assiation (EFTA). Lawmakers …

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Switzerland to ban Russian LNG imports

2026-02-26

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2026-02-26

Switzerland will impose a complete ban on the purchase and import of Russian liquefied natural gas (LNG) from April 25, 2026. + Get the most important news from Switzerland in your inbox The measure is part of the European Union's 19th sanctions package, which Switzerland has adopted. A transitional period until the end of 2026 …

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Trump tariff rebuke, thoughts of a 100-year-old banker, and designer babies

2026-02-25

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2026-02-25

Welcome to our press review of events in the United States. Every Wednesday I look at how the Swiss media have reported and reacted to three major stories in the US – in politics, finance and science. When former Swiss banker Yves Oltramare first travelled to the United States aged 25, Donald Trump was still …

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How the Swiss franc became one of the world’s most trusted currencies

2026-02-25

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2026-02-25

From the monetary chaos of the 19th century to its status today as a global safe haven, this is the story of how the Swiss franc emerged and why it inspires such confidence. In the early 1800s, Switzerland’s monetary system was in disorder. There was no single currency: hundreds of different coins circulated simultaneously, including …

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Infant formula recall: Is trying to copy breastmilk increasing risk of contamination?

2026-02-25

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2026-02-25

A contaminated additive found naturally in breastmilk is responsible for the recent recall of infant formula worldwide. An unprecedented spate of recalls worldwide of infant formula produced by food companies like Nestlé, Danone, Lactalis and others have set alarm bells ringing. The cause of the recall is the detection of cereulide – a toxin produced …

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