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Swiss deadly fire bar owners' lawyers condemn 'vindictiveness'
The lawyers of the owners of a Swiss bar where a deadly fire broke out on New Year's Eve killing 40 people and injuring 116 have broken…
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Swiss
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Swiss bar employee who reportedly held sparkler unaware of dangers, family says
A staff member who was working at the Swiss bar where a deadly fire broke out on New Year's Eve received no safety training and was…
Business
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12)…
Lifestyle
Owner of Swiss ski resort held in custody after deadly New Year's Eve fire
One of the co-owners of the Swiss bar where 40 people died in a fire on New Year's Eve has been detained, media reports say. Sources told…
News
November Swiss Watch’s 52 Percent Export Slump to the U.S. Reflects Tariff Rollercoaster
PARIS – It’s the darker months of the year, including for Swiss watch exports. Shipments from the country fell 7.3 percent to 2.2 billion…
Business
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its…
Business
JPMorgan doubles Swiss business by targeting wealthy clients
JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the…
Business
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers HSBC Holdings’ Swiss private bank is boosting the…
News
U.S., Switzerland reach trade deal to bolster manufacturing in America, lower tariffs on Swiss goods
The U.S. and Switzerland have reached a trade deal that will reduce President Trump's tariffs on the European nation from 39% to 15%, a…
News
Rolex, partners group take Swiss tariff plea direct to Trump
The unusual and rare joint effort by business people across Swiss flagship industries highlights what’s at stake for the small European…
Business
Swiss National Bank likely intervening to weaken franc: UBS
The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current…
Business
Swiss Watch Exports to U.S. Halved in September
PARIS – The U.S. lost its crown as the top market for Swiss watch exports in September. Exports to the country slumped 55.6 percent in the…
Culture
‘Hello Betty,’ True Story Behind Swiss Icon, Boarded by Picture Tree, Trailer Premieres (EXCLUSIVE)
Berlin-based sales company Picture Tree Intl. has acquired worldwide sales rights including Germany and Austria from C-Films to “Hello…
Fashion
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
Holocaust survivor Ruth Posner and husband die at Swiss clinic
Holocaust survivor Ruth Posner and her husband Michael, both aged in their 90s, have died at a suicide clinic in Switzerland. The…
Business
Swiss National Bank keeps interest rate at zero, warns of tariff impact
The Swiss National Bank (SNB) held its benchmark interest rate at zero on Thursday (Sep 25), the lowest among major central banks, as it…
Lifestyle
Swiss Watch Exports Slump Globally in August
PARIS — Swiss watch exports cooled significantly in August. Shipments of wristwatches fell 16.4 percent, reaching 1.57 billion Swiss…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
Swiss watchmakers sound upbeat on US as long as stocks last
Swiss watchmakers at their annual back-to-school gathering in Geneva were putting a brave face on US President Donald Trump’s tariffs…
Business
Laurent Freixe: Former Nestle CEO Was Fired After He Was Caught by His Mistress Cheating With Junior in Swiss Hotel
Former Nestlé CEO Laurent Freixe was reportedly fired after a senior executive, said to be his mistress, allegedly caught him at a Zurich…
Business
HSBC Swiss unit culls wealthy Middle Eastern clients amid regulator scrutiny: report
HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces scrutiny from regulators over…
News
Swiss banker bonus cap proposal watered down in parliament
Swiss lawmakers have watered down a proposal that would have installed a fixed upper limit on compensation at the country’s biggest banks…
News
Swiss Watch Exports to U.S. Jump in July Ahead of 39 Percent Tariff
PARIS – While Switzerland is still reeling from the 39 percent tariff announced by the U.S. on July 31, July figures show Swiss…
News
A 240-year-old Swiss watchmaker’s race to beat Trump’s tariff deadline
[LONDON/GENEVA] As a US tariff deadline neared this week, Swiss watch manufacturer DuBois et fils rushed to ship five high-end watches…