Nestlé edges out Royal Dutch Shell to move into 15th position worldwide – up three places with a stock market value of $252 billion (CHF250 billion), the annual report by the services company Ernst&Young found.
Two Swiss pharmaceutical giants, Roche and Novartis, also feature in the top 100, in positions 24 and 31 respectively, both of them improving their global standing.
Two insurance companies – Chubb and Zurich Insurance Group – as well as the commodity and mining firm Glencore, the leading UBS bank and the engineering company ABB are listed among the top 300.
The most expensive company in the world is the United States technology firm, Microsoft, which relegated Apple to second place ahead of Alphabet, the parent company of Google.
The most valuable non-American firms are Chinese internet companies Tencent and Alibaba in positions six and nine respectively.
Switzerland takes fourth place in the country ranking behind the US, China/Hong Kong and Britain.
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Switzerland’s love affair with multinationals
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Switzerland is home to some of the largest global companies. But what value do they bring to the Swiss economy and society?
Swiss national science foundation funded over 5,000 projects in 2023
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In 2023, the Swiss National Science Foundation (SNSF) provided a total of CHF961 million worth of funding towards research projects.
Switzerland invites 160 delegations to June Ukraine peace talks
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Russia is currently not among the delegations invited to talks aimed at helping bring about peace in the conflict between Moscow and Ukraine.
Survey: air travel most popular way to go on holidays for Swiss
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Despite the climate crisis, flying is the most popular mode of transport for private travel – particularly among young, urban and high-income travellers.
Swiss government to use phone data to identify asylum seekers
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From April 2025, authorities plan to be able to analyse data from mobile phones, computers and other data carriers to identify asylum seekers.
Young undocumented migrants gain easier access to vocational training
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Rejected asylum-seekers and young undocumented migrants in Switzerland will have easier access to basic vocational training from June 1.
Migration: Swiss government wants to shorten reunification period for families
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Family members of people temporarily admitted to Switzerland should in future be able to join them after two years instead of three.
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2023 was a record year for the Rhaetian Railway in several respects. Never before has the narrow-gauge railway in Graubünden, eastern Switzerland, transported so many passengers and cars.
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Nestlé: battle for the millennial coffee drinker
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Nestlé is one of many companies acquiring small, premium coffee brands. Will this boost growth and what does it mean for the small, local coffee shop?
Nestlé suffers palm oil setback but wins water battle
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The Swiss food giant can no longer claim to use certified sustainable palm oil but was allowed to continue extracting water from Southern California.
Nestlé ranked among top plastic polluters worldwide
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Coca-Cola, PepsiCo and the Swiss food giant Nestlé are the world's biggest producers of plastic waste, according to an indicative study by Greenpeace.
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Swiss food giant Nestlé plans to cut as many as 500 computer-service jobs in Switzerland as part of a restructuring plan to increase profitability, the company announced on Tuesday.
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The Swiss food giant Nestlé is set to pay Starbucks $7.1 billion (CHF7.1 billion) to market the American firm’s products outside Starbucks’ coffee shops.
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Swiss food group Nestlé hopes to sweeten the outlook for its global confectionery business by launching KitKat bars made out of “ruby” chocolate.
Nestlé to move chocolate research from Switzerland to UK
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The Swiss food giant Nestlé is transfering its chocolate research centre from Broc in canton Fribourg to York in the north of England.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.