Voters in Vaud approved a 12% cut in income and wealth taxes on Sunday, with 53.1% backing the initiative. The measure will not turn the canton into a tax haven. Even after the cut, Vaud’s tax burden will remain above the national average. Vaud’s residents will continue to rank among the most heavily taxed in […]
Switzerland takes third place in global competition for vocational skills
Switzerland finished third at WorldSkills, the global competition for young people in vocational trades, which ended in Shanghai on Sunday. It was the best-performing European country. The 42-strong Swiss team won 12 medals: four golds, two silvers and six bronzes and ranked third overall based on the average medal points scored by each national team. […]
Major job cuts planned at Switzerland’s second largest mobile operator
Sunrise, Switzerland’s second-largest telecoms company, is planning another round of job cuts. Up to 450 positions could go, equivalent to almost 16% of its current workforce, reported RTS. The cuts form part of a broader overhaul of the company’s operating model. Sunrise says it wants to focus its organisation more closely on customer retention, network […]
Chinese delivery company to launch in Switzerland
Temu and Shein are sending a growing number of packages to Switzerland. A Chinese logistics firm now wants a share of their delivery business. Helped by heavy advertising and rock-bottom prices Chinese online retailers are squeezing domestic e-commerce firms. Now a Chinese logistics company is following them into the market and may squeeze existing parcel […]
Swiss central bank maintains world’s lowest rate
The Swiss National Bank (SNB) has left its policy rate unchanged at zero, the lowest policy rate in the world. Inflation remains subdued. Consumer prices rose by 0.8% in August, the highest rate in two years but still comfortably within the SNB’s definition of price stability, which covers inflation of between zero and 2%. The […]
Revolut moves to secure a Swiss banking licence
Revolut already has 1.3m customers in Switzerland. Now it wants a Swiss banking licence. Why? A new force may soon emerge in Swiss banking—though it is hardly a newcomer. Revolut, a British fintech firm, already has 1.3m customers in Switzerland. The firm has applied to the Swiss Financial Market Supervisory Authority (Finma) for a banking […]
Support for an immigration levy grows in Bern
Switzerland may one day charge employers an “entry fee” for recruiting workers from the European Union. The idea, long dismissed as anti-business and potentially incompatible with the country’s agreements with Brussels, is gaining support in Parliament. The Federal Council now backs it too. The proposal forms part of Parliament’s debate over Switzerland’s new package of […]
Switzerland’s biggest battery joins the grid — for now
This week, a 58.4MW battery-storage plant has opened in Gurtnellen, in the canton of Uri, reported Axpo. It is the largest of its kind in Switzerland, though probably not for long. What is it? Switzerland’s biggest battery-storage facility has been connected to the grid in Gurtnellen. The project was developed jointly by Axpo and Energie […]
Switzerland’s gender pay gap shrinks to its lowest ever
Switzerland’s gender pay gap narrowed again in 2024. Women earned 15.7% less than men on average, down from 16.2% in 2022, according to the Federal Statistical Office (FSO). The unexplained difference narrowed to 6.5%. The trend is longstanding. Across the economy, including both the private and public sectors, the gap stood at 19.0% in 2018 […]
Swiss GDP growth holds steady in 2025
Switzerland’s economy grew by 1.6% in real terms in 2025, compared with 1.5% in 2024. The broadly steady pace of expansion was driven mainly by strong domestic demand, which rose by 2.5%. Investment was particularly buoyant, increasing by 3.5%, reported the Federal Statistical Office (FSO). The 2025 figure is slightly below Switzerland’s recent long-run norm. […]
