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Swiss Services Turnover Is Still Declining

Swiss service companies saw an 8.0% decline in March turnover. KEYSTONE/Christian Beutler Swiss service companies once again recorded a significant decline in turnover in March.

Swiss Retail Sales Rise Significantly in April 2024

Swiss retail sales in April 2024 increased significantly compared to last year, reversing a recent downward trend, with notable growth in the non-food sector.

Swiss Construction Group Implenia Secures Major Tunnel Project in Norway

Implenia and Stangeland Maskin win the E02 Kvitsøy tunnel project, a key part of the world's longest and deepest underwater tunnel.

Novartis Sues Over Maryland Drug Pricing Law

Novartis has filed a lawsuit in the USA against Maryland's new law requiring drug price cuts for certain pharmacies, citing federal law violations.

UBS Face Fines In Switzerland: Claims Of Money Laundering

UBS fined CHF 50,000 by the Swiss Federal Department of Finance for failing to report money laundering warnings involving Yemen's ex-president Saleh.

Starrag and Tornos Merge: No Layoffs

Starrag and Tornos merge to form StarragTornos, leveraging synergies in Europe and maintaining Swiss plants, says Chairman Michael Hauser.

Parliament Grants SBB CHF 1.15 Billion Subsidy

Parliament grants SBB CHF 1.15 billion subsidy to reduce debt. The capital subsidy aims to mitigate the financial impact of the pandemic on SBB.

Swiss Exports Rebound: Watch Exports Lead the Way in April

Swiss export economy sees significant recovery in April, driven by rising watch exports and broad-based growth across other sectors.

UBS Management Team Changes: Khan to Lead Asia, Karofsky to Head Americas

UBS restructures its Global Wealth Management division, appointing Iqbal Khan as Regional Head Asia-Pacific and Rob Karofsky as Head of Americas.

Swiss Construction Expecting Difficult Times Ahead

Swiss construction turnover increased by 0.7% in Q1 2023, but the outlook, especially for residential construction, remains poor.

Swiss Pension Funds Achieve Positive Returns: ZKB Publishings Find

Swiss pension funds averaged a 5.1% return in 2023, with significant performance differences among funds.

Swiss Life Sees Decline In Occupational Benefit Premiums

Swiss Life collected fewer premiums in 2023, with semi-autonomous pension solutions impacting total volume.

Swiss Post to Close 170 Branches by 2028

Swiss Post will close 170 branches over the next four years, reducing its network to 600 post offices and 2,000 serviced locations by 2028.

Rising Healthcare Costs: Assura Loses, Concordia Gains

Rising health insurance premiums have led to significant switching among insurers.

Axpo’s Earnings Drop: Lower Energy Prices

Axpo's earnings fell sharply in the first half of 2023/24, mainly due to lower electricity and gas prices.

Swiss Banks Are Embracing Cryptocurrencies Study Finds

More Swiss banks are offering cryptocurrency investments, though many remain cautious due to technical and regulatory challenges.

Hope For AI Powered Growth In Switzerland: Are Companies Ready Yet?

AI could add CHF 93 billion in value to Switzerland by 2030, but many companies are not yet ready to implement the technology fully.

Automative Supplier Leaving Switzerland For The Czech Republic

Feintool announces the relocation of high-volume production from Lyss to the Czech Republic by 2025 KEYSTONE/Gaetan Bally Automotive supplier Feintool is relocating part of its production from Lyss to the Czech Republic by the end of 2025.

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