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Category Archive: 3.) Swissinfo Business and Economy

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SWISS to reduce flight destinations from Geneva

2025-10-30

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2025-10-30

Swiss International Airlines (SWISS) will be reducing the number of short-haul flights out of Geneva Airport from summer 2026. The airline cites a lack of resources. + Get the most important news from Switzerland in your inbox "We are reducing the number of destinations from Geneva because we need to optimise the use of our … Continue...

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Switzerland tightens Russia sanctions in finance and oil sectors

2025-10-30

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2025-10-30

Three and a half months after the European Union, Switzerland is also implementing new sanctions against Russia. The package includes further export restrictions on goods to strengthen industry as well as goods to strengthen Russia's military and technological capabilities. + Get the most important news from Switzerland in your inbox This is the 18th package …

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UBS to appeal AT1 bond court setback

2025-10-29

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2025-10-29

Swiss bank UBS intends to appeal against the Federal Administrative Court's verdict that the write-down of Credit Suisse's AT1 bonds had no legal basis. + Get the most important news from Switzerland in your inbox UBS joins Finma, which announced in mid-October that it intended to bring the case before the Federal Supreme Court. With …

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UBS bank posts $2.5 billion Q3 profit

2025-10-29

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2025-10-29

Swiss bank UBS posted a net profit of $2.5 billion in the third quarter, up 74% year-on-year, thanks to its core business and the dissolution of provisions for legal risks. + Get the most important news from Switzerland in your inbox The bank also made progress with its cost-cutting programme following the takeover of Credit …

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Swiss appliance manufacturer V-Zug to cut costs

2025-10-29

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2025-10-29

Following the slump in profits in the first half of the year, Swiss household appliance manufacturer V-Zug is resorting to more stringent cost-cutting measures. + Get the most important news from Switzerland in your inbox The Group expects sales and profits to plummet in 2025 Net sales for the current financial year are expected to …

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Swiss lawmakers back media copyright fees for digital giants

2025-10-28

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2025-10-28

Large online services such as Google and X should pay copyright fees when they display extracts from newspaper articles, says a Swiss parliamentary committee. + Get the most important news from Switzerland in your inbox However, the House of Representatives Committee for Transport and Telecommunications (KVF-N) wants to refer the corresponding bill back to the …

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Apprenticeships boost immigrant integration in Switzerland

2025-10-28

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2025-10-28

Swiss justice minister Beat Jans has praised the role of pre-apprenticeship INVOL programme for helping integrate immigrants into society. + Get the most important news from Switzerland in your inbox INVOL prepares refugees and immigrants for basic vocational training over the course of a year. The Confederation believes that pre-apprenticeships make a valuable contribution to …

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Swiss cablecars post CHF1.8 billion turnover in 2025

2025-10-28

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2025-10-28

Swiss cablecar companies recorded a turnover of CHF1.8 billion in 2025. Strong growth was recorded in the summer months in particular, said the Swiss Cableways Association. + Get the most important news from Switzerland in your inbox Compared to the previous year, the cablecars increased their turnover by CHF200 million. The results for 2025 are …

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Swiss white collar worker shortfall more pronounced

2025-10-28

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2025-10-28

The shortage of highly qualified workers is getting worse in Switzerland. Around 70% of professions such as medicine, architecture, physiotherapy, notary and careers guidance see staff shortages as a major problem in their sector. + Get the most important news from Switzerland in your inbox This shortage has a direct impact on clients and patients, …

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Ex-UBS trader sues bank for ‘malicious’ Libor prosecution

2025-10-28

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2025-10-28

Tom Hayes, the former star UBS bank trader who became the face of the Libor rigging scandal, sued his former employer accusing it of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership. + Get the most important news from Switzerland in your inbox …

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Swiss trade union says Sunday leave is out of the question

2025-10-26

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2025-10-26

Switzerland's trade union Unia today reiterated its opposition to the extension of Sunday working, which it considers harmful to the health of sales staff. + Get the most important news from Switzerland in your inbox Unia, on the last day of its congress in Brig, canton Valais, denounced plans to expand the number of Sunday …

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Swiss Post expects a ‘significant’ decline in profits

2025-10-26

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2025-10-26

According to interim CEO Alex Glanzmann, Swiss Post is expecting a significant drop in profits compared to last year. + Get the most important news from Switzerland in your inbox "We are expecting a low three-digit million figure", said Glanzmann in an interview with Swiss German-language newspaper SonntagsBlick. Swiss Post generated a Group profit of …

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HAYA Therapeutics CEO sees a future where his therapy could treat cancer and Alzheimer’s

2025-10-25

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2025-10-25

Samir Ounzain, CEO of science start-up HAYA Therapeutics, talks about the limits of entrepreneurship in Switzerland, entering the US market and how his therapy for heart disease could change the world of medicine. Founded in 2019, HAYA Therapeutics aims to pioneer an approach to treating disease by turning sick cells back into healthy ones. The …

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Storm Benjamin, Swiss village relocation and festive lights curfew

2025-10-24

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Storm Benjamin batters Switzerland, Brienz villagers seek permanent relocation and a curfew on Christmas lights sparks debate. Here are three stories from Switzerland this week. --- 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...

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AI blamed for falling Swiss job vacancies

2025-10-23

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2025-10-23

The expansion of artificial intelligence (AI) may explain a slowdown in the Swiss labour market, says staffing firm Adecco. +Get the most important news from Switzerland in your inbox According to a regular analysis by Adecco, the number of vacancies fell by 0.2% in the second quarter compared to the previous three months and by …

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Swiss vote: taxing the rich to save the planet?

2025-10-23

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Should Inheritance Be Taxed to Fight Climate Change? 💰🌍 ⁠ A new initiative in Switzerland proposes a 50% inheritance tax on fortunes over CHF 50million, aiming to fund the country’s green transition and tackle the climate crisis.⁠ ⁠ Supporters say it’s about climate justice, arguing that the wealthiest individuals, with their larger carbon footprints, should contribute more to sustainable solutions. The tax could generate billions for climate...

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Swiss logistics group Kuehne+Nagel to cut up to 1,500 jobs

2025-10-23

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2025-10-23

Swiss logistics group Kühne+Nagel is launching a cost-cutting program, which will slash 1,000 to 1,500 full-time positions, following a slump in profits. +Get the most important news from Switzerland in your inbox Turnover fell by 7% to CHF6.04 billion. Gross profit adjusted for volatile freight tariffs fell by 4% to CHF2.11 billion. As a result, …

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Swiss farmers’ union applauds progress on EU treaty package

2025-10-22

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2025-10-22

The Swiss Farmers' Union is in favour of the bilateral approach, but has not yet taken a definitive position on the new treaties with the European Union. In view of the dynamic adoption of legislation and the imprecise domestic implementation, it is calling for better involvement of the sector. +Get the most important news from …

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Swiss government seeks solutions to medicine shortages

2025-10-22

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2025-10-22

This spring, a group of experts plans to examine a range of measures to tackle drug shortages in Switzerland. Some of the measures up for discussion include simplifying authorisations, closer supply monitoring, and stronger international networking. +Get the most important news from Switzerland in your inbox The group of experts chaired by Bernhard Pulver, former …

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Switzerland to leverage 2028 Olympics to promote tech and creative sectors

2025-10-22

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2025-10-22

The Swiss government would like to use the opportunity of the 2028 Summer Olympic and Paralympic Games in Los Angeles to promote Switzerland by showcasing its strengths in culture, technology, sport and health. +Get the most important news from Switzerland in your inbox The government intends to do this through the House of Switzerland, the …

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