Category Archive: 3.) Swissinfo Business and Economy

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Iran war expected to negatively impact Swiss tourism

2026-05-07

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2026-05-07

The war in the Middle East will lead to a "moderate decline" in overnight hotel stays this year, warns Switzerland Tourism. +Get the most important news from Switzerland in your inbox However, the industry's promotional organisation is expecting stable demand during the summer period. The marked slowdown recorded by the Swiss hotel industry in March …

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Swiss pharma firm Roche acquires AI specialist PathAI

2026-05-07

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2026-05-07

Swiss pharmaceutica giant Roche is expanding in the field of digital pathology with an agreement to acquire United States firm PathAI. +Get the most important news from Switzerland in your inbox With this acquisition, Roche aims to expand its position in AI-based diagnostic solutions. The purchase price is $750 million plus potential milestone payments of …

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Monaco slaps UBS with €6 million money laundering fine

2026-05-07

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2026-05-07

Monaco's financial markets watchdog has fined UBS €6 million for "numerous serious breaches" in money laundering and terrorist financing controls. +Get the most important news from Switzerland in your inbox "The number and repetition of these shortcomings demonstrate an overall failure in the institution's compliance and internal control system", reads the decision published on the …

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Iran war squeezes Swiss gas imports

2026-05-07

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2026-05-07

The war in Iran and the blocking of the Strait of Hormuz pose a risk to the security of Switzerland's electricity supply over the winter. +Get the most important news from Switzerland in your inbox The trend in electricity and gas prices is also uncertain, warned the Swiss Federal Electricity Commission (ElCom). Gas-fired power stations …

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Swiss media adopts AI code of conduct

2026-05-07

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2026-05-07

The Swiss media industry is adopting a code of conduct for the responsible use of artificial intelligence (AI). +Get the most important news from Switzerland in your inbox This instrument, which is based on a Council of Europe convention, aims to strengthen public confidence in the technology. "Trust is the media's most precious asset," stated …

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Midterm storm clouds, praise for Jerome Powell, and a mysterious golden blob

2026-05-06

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2026-05-06

US scientists have been examining a strange golden blob, found 3,000 metres underwater, and recently revealed their conclusions. Also this week, more on Donald Trump. Welcome to our press review of events in the United States. Every Wednesday we look at how the Swiss media have reported and reacted to three major stories in the …

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Swiss luxury property prices continue to rise

2026-05-06

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2026-05-06

Luxury properties became more expensive in Switzerland last year, although the trend is slowing down. According to the Swiss bank UBS, the prices are likely to plateau soon. According to the "UBS Luxury Property Focus 2026" report published on Thursday, prices for luxury properties have risen by 3% on average. However, growth was lower than …

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Food waste still too high in Switzerland, says government

2026-05-06

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2026-05-06

Food waste in Switzerland remains too high, the government said on Wednesday, drawing mixed conclusions four years after launching an action plan to halve food waste by 2030. While progress has been made in retail and catering, households continue to lag behind. + Get the most important news from Switzerland in your inbox According to …

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Nestlé will keep Nespresso capsule production in Switzerland

2026-05-06

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2026-05-06

Nestlé has no intention of relocating its Nespresso capsule production outside Switzerland, despite US tariffs, Chief Executive Officer Philipp Navratil told CH Media in an interview on Wednesday. +Get the most important news from Switzerland in your inbox The food group, which has its headquarters in Vevey, Switzerland, is currently examining the possibility of the …

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Middle East conflict boosts SWISS Q1 figures

2026-05-06

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2026-05-06

Swiss International Air Lines (SWISS) has posted a solid first quarter, with higher revenues and profits driven by surging demand linked to the Middle East conflict, especially on Asian routes. +Get the most important news from Switzerland in your inbox Between January and March, SWISS turnover rose by 0.3% to CHF1.22 billion ($1.56 billion), the …

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Novartis to close site in Germany and cut 220 jobs

2026-05-06

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2026-05-06

Swiss drugmaker Novartis says it will cut around 220 jobs in Germany as part of the planned closure of a production site in Wehr ⁠by the end of 2028. +Get the most important news from Switzerland in your inbox Novartis says the production site in Wehr, Germany, which manufactures tablets and capsules, is no longer … Continue...

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Where Switzerland gets its oil and gas

2026-05-05

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2026-05-05

Switzerland produces no fossil fuels of its own, yet oil remains its biggest energy source. From US and Nigerian crude to Norwegian and Algerian gas flowing through Europe, the country depends on a complex global web of suppliers to keep homes heated, cars moving and industry running. This video explains how it all works.

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Helvetistan, a key alliance for Switzerland

2026-05-05

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2026-05-05

Helvetistan is an informal name that refers to a group of countries whose voice Switzerland represents at the World Bank and the International Monetary Fund (IMF), two of the world's main multilateral financial institutions. This voting bloc – also known as a constituency – was established in 1992, when Switzerland joined the World Bank and …

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Why Switzerland’s fuel stockpiles are for Swiss use only

2026-05-04

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2026-05-04

In the event of fuel and heating oil shortages, Switzerland can draw on compulsory stockpiles. It does not have to share these with other countries. Despite the ongoing war in Iran and the closure of the Strait of Hormuz, petrol and diesel continue to flow at Swiss petrol stations and planes are still taking off. … Continue...

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Swiss population ‘proud of flying’ – not ashamed

2026-05-04

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2026-05-04

A majority of the Swiss population is against stricter rules such as shorter operating hours and flight taxes, according to a study commissioned by the Swiss aviation association, Aviationsuisse. + Get the most important news from Switzerland in your inbox In general, 61% of the population rated air travel as positive, the association said in …

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Zurich airport traffic exceeds pre-Covid levels despite conflicts

2026-05-04

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2026-05-04

Air traffic increased significantly at Zurich airport in April, despite turmoil created by conflict in the Middle East. + Get the most important news from Switzerland in your inbox Flights in April were above the pre-coronavirus level of 2019 for the first time this year. Switzerland's busiest airport recorded more aircraft movements in April 2026 …

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Swiss banks hit with three-digit million lawsuit

2026-05-04

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2026-05-04

The Graubünden Cantonal Bank (GCB) and its subsidiary BZ Bank are facing a lawsuit demanding millions in compensation for alleged breaches of duty in connection with an investment product. + Get the most important news from Switzerland in your inbox A lawsuit has been filed against both banks plus current and former executive bodies of …

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Geneva honours Palestinian and Ugandan cartoonists for defending rights

2026-05-04

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2026-05-04

Safaa Odah and Jimmy "Spire" Sseetongo are this year's winners of the Prix international de dessin de presse in Geneva. The Palestinian is being honoured for her humanitarian work in the Gaza Strip, the Ugandan for his cartoons critical of the government. + Get the most important news from Switzerland in your inbox "Our 2026 …

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Swiss fuel shortage ‘very likely’, warns trading expert

2026-05-04

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2026-05-04

There is a "very high" risk of fuel shortages in Switzerland, according to Florence Schurch, Secretary-General of the Swiss commodities trade association Suissenégoce. + Get the most important news from Switzerland in your inbox Schurch expressed her concerns in an interview with the French-language newspapers Tribune de Genève and 24 heures. Already in March, the …

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The drug-pricing problem no one wants to talk about

2026-05-04

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2026-05-04

The misuse of patents by some of the world’s biggest pharma companies to stifle competition is rarely discussed in global drug-pricing debates. Yet rectifying this problem could help to lower drug prices for patients everywhere, explains healthcare reporter Jessica Davis Plüss. For the past year countries have been at odds over how to lower drug …

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