Category Archive: 3.) Swissinfo Business and Economy

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Swisscom sees profit decline as Vodafone Italia integration drags on

2025-08-07

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2025-08-07

Profits fell in the first half of the year for Swisscom. On the back of the costs of the Vodafone Italia integration, the telecoms provider posted a net profit of CHF625 million ($773 million), 25% lower than in the same period last year. +Get the most important news from Switzerland in your inbox Thanks to …

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Swiss cable cars post positive season despite cold July

2025-08-07

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2025-08-07

Despite the not always favourable weather in July, the summer season is proving to be a positive one for lifts in Switzerland. +Get the most important news from Switzerland in your inbox According to figures released today by the Swiss Cable Car Association (SBS), in the period from the beginning of May to the end … Continue...

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Swiss lift manufacturer Schindler receives order for Bogotá Metro

2025-08-07

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2025-08-07

Swiss multinational Schindler has secured an order in Colombia. The company from canton Lucerne will supply all the lifts and escalators for the first line of the new elevated railway system in the capital Bogotá. +Get the most important news from Switzerland in your inbox Schindler announced on Thursday that it is the sole bidder …

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Business associations call for solidarity over US tariffs

2025-08-07

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2025-08-07

Swiss business associations have reacted drastically to the introduction of the US tariff of 39% on Swiss products. The Economiesuisse business federation has spoken of a “significant risk” for the country, while Swissmem calls the tariffs a “horror scenario”. +Get the most important news from Switzerland in your inbox A solution requires a coordinated approach …

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US tariffs of 39% come into force for Switzerland

2025-08-07

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2025-08-07

US tariffs of 39% on Swiss exports formally came into force on Thursday morning, despite last-minute talks between a Swiss delegation and US representatives. +Get the most important news from Switzerland in your inbox As the Swiss government announced on social media platform X on Thursday morning, it will hold an extraordinary meeting in the …

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A Hiroshima survivor’s voice against nuclear weapons

2025-08-06

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On August 6, 1945, the United States dropped an atomic bomb on Hiroshima. Three days later, a second bomb fell on Nagasaki. A Hiroshima survivor recounts the stigma of surviving “hell” and her fight for peace and a world without nuclear weapons. --- 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...

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How pharma became Switzerland’s Achilles heel in US trade talks

2025-08-06

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2025-08-06

The pharmaceutical industry is a major driver of the Swiss economy, but its strength has also made it a key vulnerability for Switzerland in trade talks with the US. President Trump’s announcement of a 39% tariff rate on Swiss goods alarmed business leaders and sent politicians scrambling to Washington. The rate is more than double …

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Chinese cryptocurrency exchange Jucoin to set up Swiss offshoot

2025-08-06

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2025-08-06

Zug's Crypto Valley is getting a new addition. The Chinese cryptocurrency exchange Jucoin will set up its European headquarters in Baar, the company announced on Wednesday. With its clear regulation and innovation-friendly environment, Switzerland is the ideal base for Jucoin's European expansion, according to the press release. By establishing its headquarters in Crypto Valley, the …

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Swatch CEO expects spike in demand due to US tariffs

2025-08-06

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2025-08-06

Nick Hayek called the 39% tariff imposed by the US on Switzerland as "arbitrary" and "unjustified". However, he said that these tariffs will boost the watch group's business. "I am convinced that Donald Trump wants to reach an agreement and show it to his voters in the United States. I am confident that the 39% … Continue...

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Swiss president to meet Marco Rubio for tariff talks

2025-08-06

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2025-08-06

Karin Keller-Sutter will be received by US Secretary of State Marco Rubio in Washington on Wednesday afternoon. The meeting is scheduled for 4:15pm Swiss time (10:15am local time), according to the US State Department on its website and is not open to the press. Keller-Sutter and Economics Minister Guy Parmelin arrived in Washington on Tuesday …

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Swiss president travels to Washington in bid to ease tariffs

2025-08-05

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2025-08-05

Swiss President Karin Keller-Sutter and Economics Minister Guy Parmelin are travelling to Washington on Tuesday. According to the government, the aim is to facilitate short-term meetings with US authorities and talks on improving Switzerland’s customs situation. +Get the most important news from Switzerland in your inbox A small delegation, including the State Secretary for Economic …

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One in three new vehicles in Switzerland are plug-ins

2025-08-05

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2025-08-05

The Swiss car market grew in July, thanks to a carryover of registrations from June. Since the start of the year, the decline has been close to 5%. +Get the most important news from Switzerland in your inbox During the month under review, 19,629 passenger cars were registered in Switzerland and the Principality of Liechtenstein, …

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Alcon strengthens lens business with major US acquisition

2025-08-05

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2025-08-05

The eye care group Alcon is going on a shopping spree. On Tuesday, the Geneva-based company announced the acquisition of the US company Staar, a specialist in implantable lenses. +Get the most important news from Switzerland in your inbox As part of the agreement, Alcon is offering $28 in cash for each Staar share. The …

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Emmi to raise price of Gruyère cheese in the US again

2025-08-05

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2025-08-05

In the wake of the 39% tariffs decided by the United States against Switzerland, Emmi will again raise the prices of AOC quality cheeses such as Gruyère for the US market. +Get the most important news from Switzerland in your inbox As a decentralised company, Emmi mainly produces locally and is therefore not directly affected … Continue...

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Trump’s tariffs raise risk of negative interest rates in Switzerland

2025-08-05

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2025-08-05

In the wake of US President Donald Trump’s 39% tariffs imposed on Switzerland, the likelihood of the Swiss National Bank (SNB) going back to introducing negative interest rates is increasing, according to an analysis published today by Raiffeisen. +Get the most important news from Switzerland in your inbox The shock caused by the announcement of …

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‘Knives out’: Switzerland descends into blame game after US tariff shock 

2025-08-04

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2025-08-04

President Karin Keller-Sutter is under fire for failed trade talks with Trump administration. A blame game has erupted in Switzerland after the US announced an unexpected 39% tariff rate on the Alpine country on its national day. Swiss President Karin Keller-Sutter is accused of grossly miscalculating the trade deal she thought she was able to …

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Swiss government to make more attractive offer in US trade talks

2025-08-04

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2025-08-04

The Swiss government is seeking to make an even more attractive offer in talks with the US as it announced on Monday. No countermeasures are currently planned. +Get the most important news from Switzerland in your inbox The Swiss government is determined to continue talks and negotiations with the US beyond the present Memorandum of …

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Swiss stock market shaken by tariff announcement

2025-08-04

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2025-08-04

The Swiss stock market was shaken on Monday morning after Friday’s blow from tariff talks. It remains to be seen how the Swiss government will proceed following the announcement of 39% customs duties. +Get the most important news from Switzerland in your inbox The Swiss Market Index fell as much as 1.9% Monday, although it …

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Swiss president should have met Trump in Scotland, says ex-diplomat

2025-08-04

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2025-08-04

Swiss President Karin Keller-Sutter would have been better off meeting US President Donald Trump in Scotland alongside the European Union. This is according to former Swiss ambassador Thomas Borer. +Get the most important news from Switzerland in your inbox But now that the 39% US tariffs have arrived, it is a matter of reacting, perhaps …

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UBS settles Credit Suisse legacy case in the US

2025-08-04

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2025-08-04

UBS has reached an agreement in the US with the US Department of Justice (DOJ) for another Credit Suisse legacy issue. As part of the settlement concerning so-called mortgage-backed securities, UBS will pay $300 million (CHF242 million), as announced on Monday. +Get the most important news from Switzerland in your inbox The mortgages in question …

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