Switzerland
Swiss Re estimates that the severe hailstorm and extreme weather that struck Switzerland on August 28 caused about CHF1. 7 billion in insured losses. Cars were among the hardest-hit assets, with the insurer warning that weather is becoming a growing source of catastrophic damage in Europe.
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Switzerland
The first successful Phase III trial of a personalised mRNA cancer vaccine has renewed hopes for treatments tailored to individual tumours. Swiss researchers and pharmaceutical companies are assessing whether the country can compete in the rapidly advancing field.
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Switzerland
An alliance opposing Switzerland’s free-trade agreement with Mercosur has begun collecting signatures for a referendum. Campaigners cite risks to the rainforest, concerns about agricultural imports and potential harm to Swiss farming.
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Switzerland
A Swiss rollercoaster manufacturer is investigating a fatal accident involving its Goliath ride at Six Flags Over Georgia near Atlanta. A 42-year-old man died after being thrown from the ride, while police and US regulators investigate the cause.
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Switzerland
Swiss commodities giant Glencore has begun trading on Australia’s ASX through depositary interests representing its shares. The secondary listing is designed to give the company access to Australia’s experienced commodities investor base.
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Switzerland
Swiss skincare group Galderma is buying US medical-skincare brand ZO Skin Health for $1. 5 billion in cash. The deal is expected to close in late 2026 or early 2027, subject to regulatory approval.
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Switzerland
The Federal Administrative Court has overturned an CHF18 million competition fine imposed on Swisscom over its fibre-optic network rollout. The court found that Swisscom did not hold a dominant position in the relevant market, although the ruling can still be appealed.
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Switzerland
FINMA says PostFinance still needs to clarify its plans for dealing with a severe financial crisis, even though the bank has met requirements for loss-absorbing capital. Zurich Cantonal Bank and Raiffeisen, by contrast, were judged to have met the regulator’s requirements.
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Switzerland
The Federal Council has opened a consultation on granting federal voting rights to all adult Swiss citizens, removing the current exclusion of people under certain forms of guardianship for mental illness or incapacity. The proposal is intended to bring Swiss law closer to disability-rights standards.
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Switzerland
Switzerland
Switzerland
Switzerland
Switzerland
Switzerland
Switzerland
Switzerland
Switzerland
Switzerland
Switzerland