Category Archive: 3.) Swissinfo Business and Economy

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US ‘strikes price cut deal’ with Swiss pharma giants

2025-12-18

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2025-12-18

The United States has struck a deal with Swiss pharmaceutical giants Novartis and Roche to lower drug prices, according to media reports. +Get the most important news from Switzerland in your inbox The deal is expected to be made public on Friday, Bloomberg reports, citing sources close to the matter. + Read how Trump upended …

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Swiss Senate rejects cuts to Swissinfo’s finances

2025-12-18

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2025-12-18

The Swiss government has proposed dozens of cost-cutting measures under a vast savings package aimed at keeping the federal budget in check. One of the proposed measures involves cutting the federal contribution to the Swiss Broadcasting Corporation’s (SBC) foreign mandate, which includes Swissinfo. On Wednesday, the Senate narrowly rejected this cut. The federal contribution to …

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Swiss watch exports contract further in November

2025-12-18

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2025-12-18

Swiss watch exports continued to flag in November, falling by 7.3% to CHF2.2 billion, led by a dramatic decline in sales to the United States. +Get the most important news from Switzerland in your inbox The leading market in terms of value, with CHF201.1 million, the United States saw its imports of Swiss watches evaporate …

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Swiss banks stung with CHF237m rates rigging fine

2025-12-18

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2025-12-18

Twenty Swiss banks have been fined CHF237.5 million by the Competition Commission (ComCo) after a long-running investigation into collusion on the financial market. +Get the most important news from Switzerland in your inbox In total, ComCo investigated agreements on the financial market in nine separate proceedings over a period of more than ten years. The …

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How a Swiss compromise could save UBS billions

2025-12-18

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2025-12-18

Nearly two years after the Swiss government first proposed significantly increasing the capital requirements of UBS — igniting a heated dispute with the country’s largest bank — there are signs that the debate is finally moving in a more amicable direction. A cross-party group of Swiss politicians last week laid out a set of compromise …

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Trump sets Switzerland tariff deal deadline

2025-12-18

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2025-12-18

The United States has ramped up pressure on Switzerland by setting a March 31 deadline for sealing a legally binding tariff agreement. +Get the most important news from Switzerland in your inbox If this deadline is not met, the White House intends to review and reconsider the planned reduction in punitive tariffs "if necessary". This …

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Desperate to save their children, parents become unexpected drug developers

2025-12-18

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2025-12-18

Ignored by the pharma industry, a growing number of parents are taking drug development for their children’s ultra-rare diseases into their own hands. One couple in Switzerland shares what it takes to keep hope alive. February 2, 2025, was the most frightening day of Mariann Vegh’s life. She had just returned from a walk in … Continue...

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Switzerland is recruiting 85,000 foreign workers – the fake news that never dies

2025-12-17

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2025-12-17

A fake news story that has gone viral claims that Switzerland is facing a severe labour shortage and is recruiting massively abroad. Swiss public broadcaster RTS investigated the origins of these false claims that keep resurfacing. It’s a news story that has been causing a stir on social media for weeks. The claim: Switzerland is …

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Ruffled Republicans, the cost of LA fires, and Disney goes AI

2025-12-17

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2025-12-17

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 US – in politics, finance and science. It’s been a week to forget for US President Donald Trump and the Republican Party, according to some … Continue reading...

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Consumer groups warn against risks of influencer marketing

2025-12-17

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2025-12-17

So-called influence marketing - the promotion of products on social media by influencers - has become very important, but it is very opaque and presents considerable risks. This is according to a study - also carried out in Switzerland - by the European consumer federation BEUC, which is calling for stricter rules. +Get the most …

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Cost-cutting by Germans could affect Swiss ski resorts

2025-12-17

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2025-12-17

The economic crisis and high costs are having an impact on Germans' plans for the winter. Swiss tourist destinations could feel the effects of this restraint. A share of 15% of Germans surveyed want to cut back on either holiday plans or leisure activities during the winter season, according to a survey conducted by the … Continue...

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Snow Compass: guiding Swiss skiing through warmer winters

2025-12-17

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2025-12-17

With Switzerland warming at almost twice the global average, the future of certain ski resorts is on thin ice. Less snow and rising temperatures are forcing destinations at low and medium altitudes to adapt or face closure. A new forecasting tool, known as Snow Compass, developed by Swiss scientists, is providing crucial data-driven insights to …

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Troublesome Swiss train will not operate abroad

2025-12-17

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2025-12-17

The Swiss Federal Railways will not be operating the problem-riddled double-decker FV-Dosto train abroad. The aim of the procurement was to keep all options open, said the spokeswoman for Swiss Federal Railways on Swiss public radio SRF. "In the meantime, we have seen that there are other trains that are more suitable for use on … Continue...

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Why is endangered shark ending up on Swiss plates? 

2025-12-16

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2025-12-16

New regulations have restricted the import of shark meat but it still finds its way on to Swiss plates due to mislabelling, poor identification skills and the clandestine trade. Sopa de cação is a Portuguese delicacy believed to originate in the Alentejo region. It is a rich garlic and coriander broth thickened with flour and …

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German shipyard Meyer Werft wins €10 bn order from MSC Cruises

2025-12-15

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2025-12-15

Swiss cruise line operator MSC Cruises has placed a €10 billion (CHF9.3 billion) order with the German shipyard Meyer Werft for four to six cruise ships. The contract should keep the German shipyard in business until 2035 and safeguard thousands of jobs. + Get the most important news from Switzerland in your inbox Germany's Minister …

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Uber: Swiss user trends in 2025

2025-12-15

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2025-12-15

Uber has for the first time published details of how Swiss residents use the popular ride-hailing app service. + Get the most important news from Switzerland in your inbox For many Swiss residents, Uber is now part of everyday life. Last year's most frequent user was a Zurich man, who made 1,260 trips, an average … Continue reading »

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Renewable power growth must accelerate, warns Swiss energy office

2025-12-15

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2025-12-15

The transformation of the Swiss energy system is progressing too slowly. Switzerland needs to double its current use of renewable energies - not including hydropower - to meet the national target set for 2035. + Get the most important news from Switzerland in your inbox This warning came on Monday from the seventh monitoring report …

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Swiss Federal Railways says timetable change was successful

2025-12-15

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2025-12-15

Swiss Federal Railways says the timetable change introduced on Sunday morning went well and no operational problems have been reported. + Get the most important news from Switzerland in your inbox "The first test with commuters on Monday morning also went well," Federal Railways spokesperson Jean-Philippe Schmidt told the Keystone-ATS news agency on Monday. The …

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Swiss authorities raise 2026 economic growth forecast

2025-12-15

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2025-12-15

Switzerland's State Secretariat for Economic Affairs (SECO) has slightly raised its 2026 economic growth forecast following the recent agreement to lower US import tariffs on Swiss products. + Get the most important news from Switzerland in your inbox Swiss gross domestic product (GDP) is expected to rise by 1.4% this year and 1.1% in 2026, …

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Survey: Swiss want to pay less for digital services

2025-12-15

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2025-12-15

Swiss consumers are increasingly cost-conscious when it comes to digital services, with nearly two-thirds of households seeking to spend as little as possible on communication services, according to a new study. + Get the most important news from Switzerland in your inbox Swiss consumers are extremely sensitive to costs, according to the "Decoding the Digital …

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