Category Archive: 3.) Swissinfo Business and Economy

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US tariffs putting 100,000 jobs at risk in Switzerland

2025-08-16

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2025-08-16

United States tariffs of 39% on Swiss imports will directly affect 100,000 jobs in Switzerland, mainly in the watchmaking, machinery, metals, and food industries, warned the business umbrella organisation economiesuisse on Friday. +Get the most important news from Switzerland in your inbox For the Swiss business federation, "the consequences could be even heavier, as suppliers and service providers also suffer indirectly".

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Larry Finck and André Hoffmann named interim co-chairs of WEF board

2025-08-16

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2025-08-16

In a separate statement, the WEF also revealed an investigation commissioned by the board has cleared its founder Klaus Schwab and his wife of accusations made against them by anonymous whistleblowers. +Get the most important news from Switzerland in your inbox "There is no evidence of serious misconduct on the part of Klaus Schwab. Similarly, …

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Swiss economy stagnates in second quarter

2025-08-15

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2025-08-15

After a strong start to the year, the Swiss economy has slowed considerably. In the second quarter, gross domestic product (GDP) rose by just 0.1% on an adjusted basis compared to the previous quarter. +Get the most important news from Switzerland in your inbox A negative trend in industry was offset by growth in the … Continue...

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Lufthansa mulls importing its future Boeing aircraft via Switzerland

2025-08-14

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2025-08-14

Lufthansa is considering buying new Boeing aircraft from the United States via Switzerland. This measure could reduce the US trade deficit with Switzerland and thus help the country to avoid punitive customs duties, according to a report in the Tages-Anzeiger. +Get the most important news from Switzerland in your inbox The order from German airline …

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Switzerland follows the EU with new sanctions against Russian oil

2025-08-12

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2025-08-12

Switzerland is stepping up its sanctions against Russia in the context of the war in Ukraine. The measures are aimed at Russia's oil windfall. The European Union (EU) approved the same package of sanctions in mid-July, the 18th since the start of the war. A total of 14 new individuals and 41 new companies and …

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Last Swiss paper manufacturer cuts jobs due to high costs

2025-08-12

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2025-08-12

Perlen Papier in Root, canton Lucerne, plans to cut 65 jobs to reduce costs. In addition to measures to increase efficiency and reduce costs, job cuts are also unavoidable, the company announced in a statement on Monday. Employees have been informed of the measures and a social plan will be implemented, the statement added. +Get …

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Gold will not be subject to tariffs, says Trump

2025-08-12

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2025-08-12

'Gold will not be subject to tariffs,' American President Donald Trump wrote on the social network Truth Social on Monday. Last week, it was unclear whether the new tariffs would also be imposed on gold bars from Switzerland. Trump himself weighed in on the issue of gold tariffs after confusion and panic triggered by the … Continue reading »

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Trump’s tariffs expose weakness of Switzerland’s economic independence

2025-08-12

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2025-08-12

It’s not often that Switzerland finds itself at the sharp end of a global trade dispute. Even less often is it singled out with punitive action from a major trading partner. But this month, the US imposed a 39% tariff on most Swiss goods after a seven-day grace period lapsed. It is a rate more … Continue reading...

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Reinsurer Swiss Re issues longevity drug guidelines

2025-08-11

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2025-08-11

Reinsurer Swiss Re has introduced guidelines for so-called longevity drugs. Specifically, the guidelines target drugs such as metformin and rapamycin, which were originally developed for other purposes and are used by certain individuals to prolong their lives. +Get the most important news from Switzerland in your inbox As the long-term effects are still uncertain, Swiss …

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Swiss hospitals faced CHF750 million loss in 2024

2025-08-11

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2025-08-11

The loss-making hospitals in Switzerland posted a loss totalling CHF750 million ($926 million) in 2024. Despite an increase in turnover and fee increases, more than half of the service providers posted negative operating results after deducting depreciation. +Get the most important news from Switzerland in your inbox This is the result of a study of …

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Novartis posts encouraging results for Sjögren’s syndrome therapy

2025-08-11

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2025-08-11

Good news in research for Novartis. The pharmaceutical giant has achieved the hoped-for results for Ianalumab, a candidate for the treatment of Sjögren’s Syndrome, a serious autoimmune disease. +Get the most important news from Switzerland in your inbox In the phase III trials Neptunus-1 and Neptunus-2, the therapy reduced disease activity in patients, a statement …

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Why Are So Many People Leaving Switzerland? | #switzerland #migration

2025-08-10

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The high immigration figures for Switzerland make it easy to forget that not everyone who arrives is going to stay. In fact, the Alpine country has a comparatively high ratio of emigrants to immigrants. --- 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 visit...

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US tariffs: pharma firms not planning job cuts in Switzerland

2025-08-10

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2025-08-10

The additional investments in the US will not lead to a reduction in jobs in Switzerland. This is according to pharmaceutical giant Roche, which expects the number of employees to remain stable in the current year. The position of Novartis is similar. "With our recent $50 billion (CHF 40.4 billion at today's exchange rate) investment …

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Swiss government working with firms to overcome high US tariffs

2025-08-10

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2025-08-10

The Swiss delegation that travelled to Washington has returned from talks on tariffs in the United States. The negotiations are now being conducted under the aegis of the government and the federal administration. "The federal administration has very close and regular contacts with the Swiss economy at all levels. Such cooperation has always been a …

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WTO improves its world trade forecast thanks to Trump’s tariffs

2025-08-09

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2025-08-09

The World Trade Organisation (WTO) expects world trade to grow by 0.9% this year, better than expected in April. US imports surged in the first quarter as a result of Donald Trump's tariff announcements. Imports to the US rose by 11% in the first half of the year compared with the same period last year, … Continue...

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Swiss gold exports might not face US tariffs after all

2025-08-09

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2025-08-09

Gold exports to the United States may not be taxed after all. The White House plans to issue an executive order in the near future to clarify misinformation about the taxation of gold bullion, in particular. This announcement of a future clarification decree, transmitted on Friday by news agency AFP, follows information from US customs …

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Switzerland hit by highest US tariffs in Europe, hereditary citizenship and anti-slavery statue

2025-08-08

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How did Switzerland go from trying to negotiate a 10% tariff deal with the US to ending up with the highest tariffs in Europe? Why was an Austrian denied “hereditary citizenship”? And who stole an anti-slavery statue? Here are three stories from Switzerland this week. --- 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...

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How Trump is manoeuvring Switzerland closer to the EU

2025-08-08

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2025-08-08

The US tariffs have sent shockwaves through Switzerland. They give a boost to those who advocate closer ties with the EU – and are a confirmation of international rapprochement in security policy. Swissinfo's foreign affairs journalist Giannis Mavris analyses the impact on Swiss foreign policy. The referendum on the Bilateral III Agreements, the new package …

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What got Switzerland talking in July? | Here are the top debates on our Dialogue platform

2025-08-07

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Join the conversation on our platform Dialogue 🗣️ --- 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 visit swissinfo.ch or subscribe to our YouTube channel.

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Swiss government aims to remain in dialogue with US on tariffs

2025-08-07

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2025-08-07

Continuing talks, supporting affected industries and easing the burden on companies: this is the strategy the Swiss government is pursuing in the tariff dispute with the US. The executive will continue to refrain from taking countermeasures, it said on Thursday. +Get the most important news from Switzerland in your inbox The tariffs of 39% imposed …

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