Trump tariffs could cost Switzerland CHF17.5bn, economist warns
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An escalating tariff dispute under Donald Trump's US administration could cost the Swiss economy up to CHF17.5 billion ($22 billion) in 2026, according to KOF economist Jan-Egbert Sturm.
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Despite the current tense economic situation, Swiss consumer sentiment remains positive. The Swiss spent more money in May than the previous year, particularly on restaurant visits and leisure activities, as shown by the latest figures released by PostFinance.
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Experts believe that economic development in Switzerland will be weaker in 2026 than the forecasts made three months ago. They have also lowered their predictions for the current year.
UBS and Pictet report data leak after cyber attack on provider Chain IQ
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Swiss banks UBS and Pictet on Wednesday confirmed they had suffered a data leak due to a cyber attack on their subcontractor Chain IQ in Switzerland.
Swiss Federal Railways launch pilot project for invisible disabilities
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The Railways will offer sunflower badges to passengers with non-visible disabilities to help draw attention to their needs.
Has your continent reached its peak or is there still potential for economic growth?
Some regions of the world are on an upward trajectory with the promise of a steadily improving future. Where do you live? And in which direction is your region or continent developing?