Category Archive: 3.) Swissinfo Business and Economy

Swiss shoe maker On employs one robot instead of 300 workers

The Swiss running shoe company On has opened its first production site for the innovative Lightspray shoe - a fully automated robotic process. +Get the most important news from Switzerland in your inbox "Around 300 people normally work on a conventional shoe," explained Caspar Coppetti, co-founder of On. With Lightspray technology, this work is done …

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The Brics and Switzerland: aspirations and reality

What is the significance of the Brics group of states and how should Switzerland position itself regarding them? The perspectives on this differ. The Brics group has been trying to shake up international politics for almost two decades. The "loose gathering of states", as a report by the Swiss foreign ministry puts it, presents an …

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Can Saudi Arabia’s billions unlock the secrets to a longer, healthier life?

Longevity has been an underfunded area of biotech research, as the challenge of getting drugs approved and the high risk of failure have deterred most pharma giants and academic grant providers. Now, Saudi Arabia is throwing it a lifeline. For nearly a decade, molecular biologist Johan Auwerx fought to get investors to back his theory …

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Swiss pharma firm Sandoz invests $440 million in Slovenia

Sandoz is expanding its presence in Slovenia. The Basel-based generics giant has launched the construction of a new biosimilars production centre in Brnik at a cost of $440 million (CHF349 million). +Get the most important news from Switzerland in your inbox The announcement brings current and planned investments in the small Alpine country to more …

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ABB expands robotics business in China

The Swiss-Swedish technology group ABB is expanding its robotics business in China. Three new robot families are being added to the portfolio, which are used for basic material handling through to demanding tasks such as dispensing or polishing. +Get the most important news from Switzerland in your inbox The new robots will be produced in …

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Janssen vaccine maker considers closing Bern factory

Vaccine developer Janssen is considering closing its factory in the Swiss capital Bern. On Tuesday it opened a consultation procedure with employees to find alternatives. Up to 300 employees could be affected by a plant closure. +Get the most important news from Switzerland in your inbox The subsidiary of US pharmaceutical giant Johnson & Johnson …

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How US tariffs could disrupt the generic drugs supply chain

Generic drugs run on thin margins and tight supply chains. Any disruption triggered by increased tariffs could raise prices, push some manufacturers out of the market and even worsen medicine shortages. Generic medicines – cheaper versions of branded drugs whose patents have expired – are the backbone of modern healthcare. They account for most prescriptions …

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Swiss watch industry calls for ‘clear solution’ with US

With the suspension of United States tariffs only a few days away, the president of the Federation of the Watch Industry (FH) has called for a clear solution and a swift agreement between Bern and Washington.

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Swiss steel traders face price fixing probe

The Swiss Federal Competition Commission (ComCo) has opened an investigation into four steel traders accused of illegal collusion.

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CEO of Swiss state-owned technology company Ruag resigns

The head of the Swiss state-owned technology group Ruag International is stepping down after parliament decided against privatising its Beyond Gravity unit.

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Nestlé fined by Swiss canton for illegally filtered water

Nestlé has been fined CHF500,000 ($620,000) in its home canton of Vaud for the unauthorised use of activated carbon filters in the production of mineral water. The filters were used to produce Henniez water from 2008 to 2022. This was announced by the Vaud public prosecutor's office on Wednesday. The use of activated carbon filters …

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Inheritance tax referendum spooks Swiss super-rich

Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50% inheritance tax for the super-rich. The Alpine nation is due to hold a popular vote in November on the introduction of a federal tax on inheritances and gifts worth more than CHF50 million ($61 … Continue...

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Nuclear talks in Switzerland, ETH Zurich and cow toilets to cut emissions | #switzerland #news

Here are this week's stories from Switzerland.   --- 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: Website: http://www.swissinfo.ch Channel: http://www.youtube.com/swissinfovideos Subscribe:...

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Switzerland to bolster ailing armaments industry

Switzerland has adopted a new procurement strategy to save the ailing Swiss defence industry from collapse. +Get the most important news from Switzerland in your inbox The strategy aims to procure the majority of armaments domestically and to invest more in domestic research. + Swiss neutrality harming defence industry The state government wrote in a press release on Friday about a "reorientation of defence policy".

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The Swiss mountain village that inspired a Nobel Prize and digital governance

Törbel is a small Swiss mountain village that has attracted the attention of international scientists. Their findings on how mountain farmers utilise water and pastures are shaping the way science addresses collective digital resources today. In 1483, Swiss farmers who lived in a mountain village concluded a contract on water and pasture utilisation.

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What you didn’t know about psychiatry and Switzerland

You might already know that the psychedelic drug LSD was first created in Switzerland, but did you know that it was synthesised at a pharmaceutical lab in Basel in 1938? --- 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...

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Swiss exports to the US plummeted in May

The Swiss export industry suffered another double-digit decline in May. Exports to the US collapsed. Exports fell by a seasonally adjusted total of 13.6% (-10.2% in real terms) to CHF21.01 billion ($25.7 billion), as reported by the Federal Office for Customs and Border Security (FOCBS) on Thursday. +Get the most important news from Switzerland in your inbox Exports to North America plummeted by 39.6%.

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Swiss National Bank lowers key interest rate to zero

The Swiss National Bank (SNB) has taken the next interest rate step, lowering the key interest rate by a further 25 basis points. It now stands at 0%. +Get the most important news from Switzerland in your inbox The move is justified by low inflation. According to Thursday’s press release, inflationary pressure has decreased compared …

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Swiss National Bank supports measures to increase UBS’s equity capital

The Swiss National Bank (SNB) supports the federal government’s measures to strengthen the capitalisation of UBS’s foreign holdings. The loss potential for the big bank under the various stress scenarios remains substantial. +Get the most important news from Switzerland in your inbox Swiss bank UBS already fulfils the “too-big-to-fail” capital requirements that will be implemented …

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Child labour risks in chocolate supply chains go beyond just cocoa 

While cocoa gets the most attention from the chocolate industry when it comes to eliminating child labour, other ingredients like sugar, nuts or vanilla are also high risk. On June 11, the International Labour Organisation announced its global estimate for child labour that it publishes every four years. The report, that it prepared with the …

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