Not all Swiss cantons are equally exposed to America’s new tariff regime. Some—particularly those with close industrial or economic ties to the United States—stand to lose far more than others, reported RTS. Nidwalden tops the list of those most affected. Nearly half of its exports cross the Atlantic, largely thanks to Pilatus, the aircraft manufacturer […]
Swiss central bank hit by 15 billion franc loss
The Swiss National Bank (SNB) reported a first-half loss of CHF 15.3 billion, dragged down by foreign-currency positions that turned sharply negative in the second quarter. After posting a profit of CHF 6.7 billion in the first three months of the year, the central bank recorded a loss of CHF 22 billion between April and June—wiping out earlier […]
Switzerland to be hit with 39% Trump tariffs
Switzerland has found itself on the sharp end of Washington’s latest tariff barrage. On August 7th, a 39% levy on Swiss imports is set to take effect—one of the steepest rates imposed by the United States in a sweeping round of trade measures ordered by President Donald Trump. The tariffs follow the expiry of a […]
Swiss retailers squeezed by shopping tourism
Swiss retail endured a bruising first half of 2025. Sales between January and June fell by an estimated 1.9% compared with the same period last year, according to the Swiss Retail Federation, which analysed debit and credit card transactions. Physical stores bore the brunt, with revenues dropping 2.2%, while online sales eked out a modest […]
Swiss government scales back austerity plan
This week, Switzerland’s federal government announced it was cutting its savings targets slightly amid pressure from cantons and political opposition, reported RTS. The Federal Council announced revised savings targets, lowering the total volume of planned cuts to CHF 3.1 billion by 2029—down from the CHF 3.6 billion outlined in January. The adjustments follow criticism from […]
Swiss public opinion on nuclear energy is shifting
Swiss public opinion on energy is shifting. A small majority now supports reconsidering nuclear power, though concerns about cost, speed, and supply security remain. According to a recent poll by gfs.bern for the Association of Swiss Electricity Companies (AES), 56% of respondents say they are favourable or somewhat favourable to building new nuclear plants. It […]
Swiss interest rate cut to zero
On 19 June 2025, the Swiss National Bank (SNB) cut its policy rate by 25 basis points to 0%, effective June 20th. The Bank said the move follows a sustained decline in inflation, which turned negative in May for the first time since 2021. It also reaffirmed its readiness to intervene in currency markets if […]
Switzerland’s largest print newspaper to end
The days of picking up copy of 20 Minutes (20 Minuten), a free Swiss print newspaper, from one of the many blue bins are numbered. Switzerland’s largest print newspaper will cease its physical edition and go online-only from the end of 2025 The move is less about failure than adaptation: far from being unprofitable, the […]
Higher tax and VAT win approval in Switzerland’s upper house
Switzerland, like many rich countries, faces a pension crunch. An ageing population is putting pressure on public finances, and a recent referendum has added to the strain. In March 2024, voters approved a 13th monthly payment to recipients of the state pension scheme—equivalent to a 8.3% rise in annual payouts—due to begin next year. How […]
Swiss farmers hit back at supermarket price squeezing
A group of Swiss fruit and vegetable producers has filed a complaint with the country’s competition watchdog, accusing Coop, one of Switzerland’s two dominant supermarket chains, of abusing its market power. The farmers say that a new rebate system imposed by Coop will significantly reduce their revenues. In early April, Coop introduced what it calls […]
