Category Archive: 3.) Swissinfo Business and Economy

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US sets deadline for Novartis and other pharma firms to lower prices

2025-08-01

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2025-08-01

US President Donald Trump says he has sent letters to 17 major pharmaceutical companies – including Swiss giant Novartis – calling for immediate measures to lower drug prices in the United States. Otherwise, they will face retaliatory measures. +Get the most important news from Switzerland in your inbox In letters addressed personally to the company …

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Swiss parties divided on measures in response to new US tariffs

2025-08-01

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2025-08-01

Most Swiss parties are critical of the new 39% tariffs imposed by US President Donald Trump. But they are divided on possible solutions, which range from strengthening Switzerland's competitiveness to working even more closely with the European Union. +Get the most important news from Switzerland in your inbox In a statement, the centre-right Radical-Liberals denounced …

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Swiss government reacts with ‘great regret’ to new US tariffs

2025-08-01

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2025-08-01

The Swiss government has taken note of the additional tariffs announced by the United States "with great regret", said the Federal Department of Finance. Switzerland continues to strive for a negotiated solution with the US, said a spokesperson. +Get the most important news from Switzerland in your inbox The new tariffs of 39% on Swiss …

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UN in Geneva calls for reform of tariffs on plastics

2025-07-31

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2025-07-31

The United Nations is calling for a reform of customs tariffs on plastics, which are lower than those imposed on alternatives. If it succeeds in Geneva in the next few weeks, an international treaty must address this issue, the UN said on Thursday. In a report published in Geneva, the UN Conference on Trade and … Continue reading...

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SWISS sees its operating profit fall mid-year

2025-07-31

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2025-07-31

SWISS Airlines saw its adjusted operating profit fall by more than a quarter in the first six months of the year, to CHF195.1 million ($240 million). Caution is called for in the second half of the financial year, the Lufthansa subsidiary said on Thursday. In the first half of the year, operating income remained virtually …

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Swiss National Bank posts CHF15 billion loss in first half of the year

2025-07-31

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2025-07-31

The Swiss National Bank (SNB) slipped well into the red in the first half of 2025. In particular, the weakening US dollar since the start of the tariff turbulence at the beginning of April had a negative impact on the result. +Get the most important news from Switzerland in your inbox Overall, the SNB recorded …

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Glencore sees copper production plummet in first half of year

2025-07-30

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2025-07-30

Commodities giant Glencore has published its production report for the first half of the year, which was marked by a sharp fall in copper volumes. +Get the most important news from Switzerland in your inbox Steelmaking coal, meanwhile, rose sharply following the takeover of Canada's Elk Valley Resources (EVR). From January to June, copper production …

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HSBC Suisse investigated by Swiss and French courts

2025-07-30

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2025-07-30

HSBC Private Bank (Switzerland) is in the sights of the Swiss and French judicial authorities on money laundering charges. +Get the most important news from Switzerland in your inbox According to the British banking group, the authorities in both countries are conducting criminal investigations against it. The probes relate to two "historic" banking relationships, according …

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Swiss Finance Minister confident about US tariffs

2025-07-30

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2025-07-30

Swiss Finance Minister Karin Keller-Sutter remains optimistic as the Alpine state waits for a decision from the United States on tariffs. +Get the most important news from Switzerland in your inbox Regardless of the US decision, negotiations could always be continued, Keller-Sutter told public broadcaster RTS. "Usually the last word is never quite spoken," she …

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UBS posts quarterly profit of $2.4 billion

2025-07-30

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2025-07-30

In the second quarter of 2025, UBS earned significantly more than in the same period of the previous year amid restructuring and capital discussions. +Get the most important news from Switzerland in your inbox With a consolidated profit of $2.4 billion in the months from April to June 2025, UBS's bottom line was more than …

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From Belarus to Switzerland: Sasha Filipenko’s Story // On the Record

2025-07-30

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Sasha Filipenko, one of the most prominent Belarusian writers living in exile, speaks to Swissinfo journalist Elena Servettaz about how his parents are trapped in Belarus, specifically in Minsk, and about the criminal case that has been opened against him. #switzerland #lukashenko #putin #war --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss...

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Swiss braced for price increases as tariffs rise

2025-07-30

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2025-07-30

The Swiss population is bracing for rising prices and negative consequences for companies due to the global tariffs, according to a survey by the market research institute YouGov. +Get the most important news from Switzerland in your inbox The survey also reveals that the population is well informed about customs policy. Some 70% of respondents …

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He can’t go home: a Belarusian author on lost roots and life in Switzerland // On the Record

2025-07-30

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Sasha Filipenko, one of the most prominent Belarusian writers living in exile, speaks to Swissinfo in this episode of On the Record about freedom, censorship, and life under Alexander Lukashenko’s dictatorship. He discusses Putin’s Russia, his parents being held hostage in Belarus, prisoners reading his books, and how he survives in Switzerland as a writer. Filipenko’s novels have been translated into dozens of languages, and his voice is listened...

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From Belarus to Switzerland: Sasha Filipenko’s Story // On the Record

2025-07-29

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Sasha Filipenko, one of the most prominent Belarusian writers living in exile, speaks to Swissinfo journalist Elena Servettaz about freedom, censorship and life under Alexander Lukashenko’s dictatorship. #switzerland #lukashenko #putin #war --- 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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Luxury market slows down worldwide, but not in Switzerland

2025-07-29

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2025-07-29

The luxury market is slowing down worldwide in the wake of falling demand in important regions such as China, but continues to pull in Switzerland. +Get the most important news from Switzerland in your inbox In 2024, it grew by a further 3.5% to reach a volume of CHF5.4 billion, according to an analysis published …

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UBS orders bankers to scale back sale of complex currency products 

2025-07-29

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2025-07-29

The Swiss bank has told advisers to stop pitching foreign exchange derivatives to many clients after losses. UBS has ordered bankers to scale back sales of complex currency derivatives after clients suffered heavy losses linked to Donald Trump’s “liberation day” tariff announcements. The Swiss bank told advisers to stop pitching the structured FX products — …

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SIX Swiss exchange sees profit plunge at mid-year

2025-07-28

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2025-07-28

Swiss stock exchange operator SIX had to absorb a further setback to its stake in France’s Worldline in the first six months of the year, causing its profits to fall sharply. +Get the most important news from Switzerland in your inbox Operating income rose by 4% to CHF823 million ($1 billion), SIX reported on Monday. …

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Worldwide curry: a Bengali artist spans East and West via Switzerland

2025-07-27

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Since moving to Switzerland in 2018, Ishita Chakraborty has deepened the scope of her work, dissolving geographical and conceptual borders from India to Brazil. Interviewed in her Swiss studio, she discusses her restrictive upbringing and how cooking transcends art. --- 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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Hikers in Nazi uniforms, local voting rights for foreigners and Emmentaler trademark dispute

2025-07-25

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What do you think about this week's stories? --- 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 SMEs struggling to find employees

2025-07-25

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2025-07-25

Swiss small and medium-sized enterprises (SMEs) are struggling to find staff, a problem made more acute by the increased bargaining power of employees and increased absenteeism. These are the findings of a periodic study carried out by insurer Axa in cooperation with research institute Sotomo. Labour shortages remain by far the biggest challenge for SMEs: …

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