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Category Archive: 3.) Swissinfo Business and Economy

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Vitol: the secretive trading giant minting fortunes for its employees

2025-09-03

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2025-09-03

The commodity house is among world’s most profitable companies and has returned $20 billion to senior staff over past three years. Across two floors of an unremarkable office block tucked between Buckingham Palace and London’s gritty Victoria coach station sits one of the most profitable but least known companies in the world. Commodity trader Vitol …

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Swiss solar firm Meyer Burger ceases operations at German sites

2025-09-03

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2025-09-03

Solar cell manufacturer Meyer Burger ceased operations at its sites in Saxony and Saxony-Anhalt on September 1 after failing to find new investors. +Get the most important news from Switzerland in your inbox Almost 500 employees, and therefore a large proportion of the workforce in Hohenstein-Ernstthal near Chemnitz and in Bitterfeld-Wolfen, have been made redundant …

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Swiss and German leaders discuss European security and tariffs pressure

2025-09-02

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2025-09-02

Swiss President Karin Keller-Sutter met German Chancellor Friedrich Merz in Berlin on Tuesday. The two leaders discussed the commitment of their two countries to security in Europe and the consequences of US tariffs. +Get the most important news from Switzerland in your inbox Keller-Sutter and Merz also discussed the ongoing war in Ukraine, according to …

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Swiss Post to re-start shipping some packages to US

2025-09-02

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2025-09-02

From Thursday, private customers will once again be able to send packages with a value of up to $100 (CHF80) to the United States via Swiss Post. Due to the new customs regulations, Swiss Post had suspended all goods shipments to the US last week. +Get the most important news from Switzerland in your inbox … Continue reading...

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Continuing professional training leads to higher income, Swiss study shows

2025-09-02

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2025-09-02

According to a study by the Swiss statistical office, ten years after graduating, people who continue training earn between CHF400 ($497) and CHF1,300 more per month than those who have not taken any further training. +Get the most important news from Switzerland in your inbox The study looked at the incomes of 150,000 people who, …

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Switzerland launches transparent ChatGPT alternative

2025-09-02

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2025-09-02

Switzerland has entered the artificial intelligence (AI) race with the launch of a national Large Language Model (LLM) to provide an alternative to the likes of ChatGPT, Llama and DeepSeek. +Get the most important news from Switzerland in your inbox Designed by leading Swiss universities, the Apertus LLM is comparable to Meta’s Llama 3 model …

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Nestlé sacks CEO Laurent Freixe after affair with employee

2025-09-02

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2025-09-02

Swiss food giant Nestlé has dismissed its CEO, Laurent Freixe, with immediate effect. The move follows an investigation into a previously undisclosed relationship with a female employee who reported directly to him. +Get the most important news from Switzerland in your inbox The board of directors saw Freixe's behaviour as a violation of the Nestlé …

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Switzerland mulls tax breaks for US digital giants: media report

2025-09-01

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2025-09-01

Switzerland is ready to waive profit taxes for United States digital giants, such as Google and Meta, if they base operations in the Alpine state, according to media reports. +Get the most important news from Switzerland in your inbox The rumoured tax gift comes against the backdrop of the US slapping 39% tariffs on Switzerland. …

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UBS charges pension funds to hold their liquid assets

2025-09-01

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2025-09-01

Pension funds are complaining about 'negative interest' charges for holding liquid assets in accounts at Switzerland’s largest bank UBS. +Get the most important news from Switzerland in your inbox UBS's letter is quite significant. At the end of June, the bank informed its institutional clients – primarily pension funds and insurance companies – in writing …

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Swiss gold refiners reject tariff relocation

2025-09-01

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2025-09-01

Switzerland’s trade group for gold refiners opposes a relocation of some operations to the United States to ease a trade imbalance between the countries and help tariff negotiations, newspaper Neue Zürcher Zeitung reported. +Get the most important news from Switzerland in your inbox The government is trying to find ways to get President Donald Trump …

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US court ruling on tariffs weakens US negotiating position with Switzerland

2025-08-31

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2025-08-31

According to the head of the Swiss-US Chamber of Commerce, the ruling by the US Court of Appeal on the tariffs weakens the US government’s negotiating position vis-à-vis Switzerland. +Get the most important news from Switzerland in your inbox Switzerland has sent its optimised offer to Washington. “The goal is clear: the tariff of 39% …

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Schwingen Abroad: What It Means for a Swiss Abroad to Compete at the Swiss Wrestling Festival

2025-08-30

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Ever heard of Schwingen? 🤼🇨🇭⁠ ⁠ Schwingen, or Swiss wrestling, is a traditional and much-loved sport in Switzerland. But beyond its borders, it’s a different story. So what does it mean to be a Swiss wrestler abroad?⁠ ⁠ We spoke to three Schwingers from North America about what it means to take part in the Swiss Wrestling and Alpine Festival this weekend.⁠ ⁠--- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC)....

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Riots in Lausanne, Swiss wrestlers and baby names | 3 stories from 🇨🇭

2025-08-29

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Violent protests broke out against the police in Lausanne following the death of a teenager on Sunday. In Glarus, Swiss wrestlers are getting ready to compete for the podium at the National wrestling and alpine games festival. The Federal statistical office has revealed which names were the most used for babies born in 2024. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on...

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Swiss-Canadian Wrestler Keeps Schwingen Alive in Quebec 🤼🇨🇭🇨🇦

2025-08-29

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🇨🇭 Meet Thomas Badat, a Swiss-Canadian wrestler who’s travelled from Quebec to compete at the Swiss Wrestling and Alpine Festival—the biggest event in traditional Swiss sport, Schwingen. 🤼‍♂️ Thomas started Schwingen at just five years old, but in Canada, the sport is barely known and hard to practise. With only one club serving a vast region, keeping the tradition alive isn’t easy. So what’s it like being a Swiss Abroad Schwinger? Thomas shares...

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Quality control for Swiss military projects outsourced

2025-08-28

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2025-08-28

All 17 top projects of the Swiss armed forces are to be monitored by external consultants from the start of 2026, including the procurement of F-35 fighter jets. + Get the most important news from Switzerland in your inbox The Federal Department of Defence, Civil Protection and Sport (DDPS) has not set a cost ceiling …

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Zug judged most competitive Swiss canton

2025-08-28

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2025-08-28

Zug, Basel-City and Zurich top the list of Swiss cantons with the most competitive economies, according to a UBS study. Graubünden sits at the bottom of the rankings. + Get the most important news from Switzerland in your inbox The Cantonal Competitiveness Indicator (CCI) is based on 57 parameters that give information on the long-term …

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Switzerland expects weaker economic growth

2025-08-28

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2025-08-28

The threat of United States tariffs has dampened Swiss economic growth expectations for 2026. + Get the most important news from Switzerland in your inbox Real gross domestic product (GDP) rose by just 0.1% on an adjusted basis compared to the starting quarter, as announced by the State Secretariat for Economic Affairs (Seco) on Thursday. …

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Swatch says ‘slanted eye’ ad was a ‘faux pas by a young team’

2025-08-28

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2025-08-28

After a botched ad campaign in China, the Swatch Group says it is back on track – yet some fundamental questions remain to be answered. In August, Swatch chose a rather unlikely image as part of its ad campaign in China: an Asian model pulling at the corners of his eyes. It quickly became apparent … Continue reading »

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Hiroshima Survivor Speaks Out: A Lifelong Voice for Peace

2025-08-27

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80 years after the atomic bomb, a leading advocate shares her testimony — from surviving unimaginable horror to speaking at the UN for a world free of nuclear weapons. On August 6, 1945, the United States dropped an atomic bomb on Hiroshima. Three days later, a second bomb fell on Nagasaki. The bombings forced Japan’s surrender, ending World War II, but at a devastating cost: an estimated 210,000 lives. Michiko Kodama was seven years old and...

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Switzerland can dodge deflation: SNB executive

2025-08-27

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2025-08-27

Switzerland is likely to stave off deflation despite the tariff uncertainties facing its economy, according to central bank vice- president Antoine Martin. + Get the most important news from Switzerland in your inbox Speaking in an interview with newspaper L’Agefi, he also said policymakers will continue to impose a higher bar toward further cuts in …

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