The Business Times

Switzerland

Global Enterprise

Swiss watch exports slide again with US down 47% even as China rebounds

Net profit for Richemont, the owner of Cartier and other luxury brands, came in at 1.8 billion euros.
Companies & Markets

Cartier owner sales lifted by jewellery, improving Asia

Shares of Swatch rose after US President Donald Trump said on Monday that his team is working on a deal to slightly lower tariffs on Switzerland.
Global Enterprise

Swiss watchmakers rise on optimism over possible reduction in Trump tariffs

A rare Patek Philippe steel watch manufactured in 1943 beat records to be the most expensive wristwatch ever sold at auction.
Lifestyle

Rare Patek Philippe watch sells for 14.2 million Swiss francs

One sticking point in the talks between the White House and Switzerland has been Switzerland’s gold refining industry.
Companies & Markets

Rolex, partners group take Swiss tariff plea direct to Trump

Steel watches have led the decline, with a decrease in value of 3.8%.
Lifestyle

Swiss watch exports slump in September on US tariffs

The emblematic Swiss industry “is navigating one of the most complex periods in recent memory.
Global Enterprise

Swiss watch industry should find time for India and Mexico: Deloitte

epa12403879 Swiss National Bank's (SNB) Chairman of the Governing Board Martin Schlegel speaks during a media briefing at the Swiss National Bank in Zurich, Switzerland, 25 September 2025. The SNB is leaving the policy rate unchanged at zero percent, noting the bank will continue to monitor the situation and adjust its monetary policy if necessary. EPA/MICHAEL BUHOLZER
Banking & Finance

Swiss National Bank keeps interest rate at zero, warns of tariff impact

The US is the biggest or second-biggest market for most Swiss brands, accounting for about 20% of watch exports worth 2.6 billion Swiss francs in the first half of 2025.
Lifestyle

Swiss watchmakers sound upbeat on US as long as stocks last

FILE PHOTO: The logo of Swiss bank UBS is seen at the bank's branch in Shanghai, China, March 20, 2023. REUTERS/Aly Song/File Photo
International

UBS asked by Swiss economy ministry for help on US tariffs

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