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SWI swissinfo.ch, your link to Switzerland. Providing independent reporting in 10 languages, focusing on democracy, foreign policy, and more.
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News
Swiss Senate pushes back on VAT increase for funding army
4+ day, 6+ hour ago (219+ words) The government wishes to increase the standard rate of VAT by 0.5 percentage points for a period of twelve years to finance defence projects. The Senate’s Security Policy Committee (SIK-S) rejected this proposal by 8 votes to 3, with 1 abstention, as the Parliamentary…...
Swiss firms 'in line for $2bn US tariff refunds"
4+ day, 7+ hour ago (269+ words) The biggest potential refunds for goods exported between April 2025 and February 2026 relate due on precision and medical instruments as well as watches, UBS said on Thursday. The remainder is primarily for coffee, machinery and electrical equipment. The reimbursements are due…...
Swiss fragrance firm Givaudan plans expansion in Morocco
4+ day, 10+ hour ago (380+ words) “Having been established in this country since March 2025, Givaudan is now expanding its presence through local fragrance development capabilities and a dedicated sales team serving clients in the Maghreb and West Africa,” wrote the company in a press release issued…...
Trump blamed for decline in Swiss travel to US
5+ day, 3+ hour ago (373+ words) After falling last year, bookings for the US dropped even further in the first half of 2026. This content was published on Sep 8, 2025 On August 1, US President Donald Trump announced a tariff of 39% for Switzerland. The effects are slowly becoming visible....
Novartis shares plummet after another clinical trial setback
6+ day, 5+ hour ago (212+ words) Expectations for the active ingredient Del-desiran were high. Vontobel had estimated that, if developed successfully, it could achieve peak annual sales of $3 billion (CHF2.43 billion), while taking into account the risk of failure. The bank is now removing this sales forecast…...
Ex head of Swiss Bankers Association convicted of corruption
6+ day, 8+ hour ago (208+ words) SWI swissinfo.ch Ex head of Swiss Bankers Association convicted of corruption On Tuesday the Swiss Federal Criminal Court found Pierre Mirabaud guilty of bribing foreign public officials and money laundering. The former president of the Swiss Bankers Association has…...
Novartis Sees Avidity Drug Fail in Third Setback in a Week
6+ day, 7+ hour ago (514+ words) (Bloomberg) — Novartis AG suffered its third clinical-trial setback in a week after a treatment for a rare muscle-wasting disease failed a late-stage study, raising questions about the drugmaker’s growth prospects. The medicine, del-desiran, was the centerpiece of Novartis’s $12 billion takeover…...
Swiss geothermal drilling could resume in St Gallen
1+ week, 3+ hour ago (737+ words) Buchs, Ebnat-Kappel and Widnau/Diepoldsau are among the locations mentioned as potential sites for drilling. Thirteen years after the failure of the geothermal project in the city of St Gallen, there could soon be a new push in the canton…...
Federal prosecutor warns 'Ndrangheta entrenched in Switzerland
1+ week, 5+ day ago (205+ words) Federal prosecutor warns ‘Ndrangheta entrenched in Switzerland SWI swissinfo.ch Federal prosecutor warns ‘Ndrangheta entrenched in Switzerland In his closing address at the 'Ndrangheta trial on Wednesday, the federal prosecutor warned that the mafia organisation has been based in Switzerland…...
Did US derail Swiss probe into Venezuelan businessman?
1+ week, 5+ day ago (244+ words) According to an investigation by the Washington Post, senior United States officials are said to have intervened with the Swiss authorities to defend his interests. A highly influential businessman, Betancourt maintains close ties with the authorities in Caracas and, in…...