The Business Times

Switzerland

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

The 39 per cent US tariff on Switzerland is the highest imposed on any developed nation and poses a major threat to businesses and the economy.
International

Swiss tariff damage grows as firms plan job cuts, relocations

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
Banking & Finance

Swiss banker bonus cap proposal watered down in parliament

The most expensive watches were the best performing segment, with exports of products priced above 3,000 Swiss francs growing 9.4%.
Global Enterprise

Swiss watch exports bounce back in July ahead of US tariffs

The country is home to brands such as Rolex, Patek Philippe, LVMH-owned Tag Heuer, Swatch-owned Omega and IWC Schaffhausen, owned by Richemont.
Lifestyle

A 240-year-old Swiss watchmaker’s race to beat Trump’s tariff deadline

In his latest move, US President Donald Trump raised import duties from 10 per cent to levels between 15 percent and 41 per cent for a list of trading partners.
Global Enterprise

US partners seek relief as Trump tariffs upend global trade

For Swiss drugmakers like Novartis, the stay of execution granted to the sector feels temporary, with a possible 25 per cent pharmaceutical tariff to come if no deal is done.
Opinion & Features

Neutrality got the Swiss nowhere on tariffs

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