Switzerland
U.S. and Switzerland working on a deal to slash 39% tariffs
U.S. President Donald Trump looks on during the swearing-in ceremony of U.S. Ambassador to India Sergio Gor in the Oval Office of the White House on Nov. 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images The U.S. and Switzerland are getting close to signing a trade deal to lower tariffs of 39% that […]
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UBS CEO says strategic investments are paying off as third-quarter profit surges 74%
The UBS Group AG headquarters in Zurich, Switzerland, on Wednesday, July 30, 2025. Bloomberg | Bloomberg | Getty Images Swiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, driven by solid investment banking performance and the release of legal provisions. Net profit attributable to shareholders came in at $2.5 billion for the three-month […]
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Trump’s 39% tariffs ‘horrible’ for Switzerland, Breitling CEO says
An exterior view of the Breitling Swiss luxury watch store in New Bond Street, Mayfair on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Tariffs of 39% that were slapped on Swiss goods by U.S. President Donald Trump have been “horrible” for Switzerland, the chief executive of Swiss luxury watchmaker […]
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Swiss government slashes growth outlook as Trump tariffs put ‘heavy burden’ on economy
Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year, […]
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More than half of entrepreneurs are considering moving to a new country. Singapore is their top option
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025. Lionel Ng | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Moneyed […]
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Gold prices keep rising, and jewelry companies are sounding the alarm
Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty. David Gray | Afp | Getty Images Amid global economic turbulence, the prices of precious metals have been climbing higher and higher. The price of gold in particular has […]
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Swiss central bank says tariffs are a ‘major challenge’ as deal with U.S. remains elusive
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024. Stefan Wermuth | Bloomberg | Getty Images The Swiss National Bank said Thursday that tariffs on goods to the U.S. present a “major challenge” for exporters, with its economy set to take a hit. The country has swallowed some of the highest […]
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Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods
Key Points Some affluent consumers are planning trips to Europe to buy luxury goods, with the goal of bringing them back tariff-free. Watchmakers in Switzerland and fashion boutiques in France and Italy are among the most sought after, travel advisors said. There are caveats to the strategy, experts said. For one: Travelers are supposed to […]
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Switzerland is in a uniquely difficult position when it comes to tariffs. Here’s why
Bern Skyline taken from the Rosengarten at sunrise in Switzerland. Church centre: Nydeggkirche Cathedral right: Berner Münster Bridge left: Nydeggbrücke Joe Daniel Price | Moment | Getty Images Switzerland is scrambling to make a trade deal with Washington as it looks to avoid a “triple blow” of economic problems after being hit with 39% tariffs […]
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Chocolate, skincare and timepieces: What 39% tariffs on Swiss goods mean for U.S. consumers
Premium collection of dark, milk and white chocolates. Anna Kurzaeva | Moment | Getty Images U.S. buyers of Swiss products, from luxury watches and skincare to artisan chocolates, could soon face sharp price rises if negotiators are unable to strike a deal to avert 39% tariffs due to come into effect on Thursday. The announcement […]
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