Companies
AEG Unveils New Appliances at IFA 2026, Backed by Strong German Growth
The Electrolux-owned brand showcased smart kitchen and laundry innovations at Berlin's trade show, as parent company Electrolux projects $0.20 EPS and modest 1% revenue growth for 2026.
Bitcoin Suisse to Cut Up to Half Its Swiss Staff in Restructuring Push
The Zug-based crypto firm is laying off up to 50% of its local workforce as it pivots from domestic trading to global wealth management, relocating back-office operations to Bratislava and Vietnam.
Covenant to build long-range cruise missiles in Germany
US-Israeli defense startup Covenant plans Leipzig production of its Anthem missile for European customers, targeting 5,000 units a year from 2027.
SGS-TÜV Saar listed by Germany's KBA for automated vehicle training
The company has been added to the Federal Motor Transport Authority's register of authorized technical services for GRA training, expanding its vehicle homologation offerings.
Nestlé says growth reset gains pace as RIG improves to 1.8% in Q2
Nestlé CFO Anna Manz said real internal growth accelerated from 1.2% in Q1 to 1.8% in Q2, with H1 cost savings of CHF 600 million and UTOP margins expected above 17%.
Confidence Prevails at Structured Products Forum in Interlaken
The International Structured Products Forum in Interlaken saw an optimistic tone driven by strong market performance, while speakers addressed regulatory challenges in Switzerland and the EU.
NS Partners moves Zurich office to historic White Castle
The independent asset manager shifted its Zurich branch to a 220‑sqm space in the White Castle owned by Zurich Insurance, citing client service and staff motivation.
Akara Swiss Diversity Property Fund posts stable H1 2026, completes CHF 215m capital increase
The Swiss property fund reported a 2.56% H1 return, lifted rental income by over 9% to CHF 54m and reduced its leverage ratio to 20.73% after an oversubscribed CHF 215m issuance.
Postfinance, Hypo Lenzburg Among 29 Finalists at Digital Economy Award 2026
Two major Swiss financial institutions join 27 other companies in the finals of Switzerland's premier IT and technology award, with results announced Nov. 19.
Swiss Board Members Compete at First VR Open Golf Event in Sempach
Nine foursome teams from across Switzerland took part in the inaugural VR Open, a scramble-format networking tournament for corporate board members at Golf Sempach.
Etops Names Christian Lanzendorf Head of IFA for Germany
Swiss wealth-management tech firm appoints veteran with over 30 years' experience to lead its independent-financial-advisor business and join the group executive board.
Swiss Re: AI and energy capex could add $200bn industrial insurance premiums by 2030
Swiss Re Institute says the global capex supercycle in data centers and power infrastructure could generate $200bn in premiums from 2026 to 2030 while increasing risk concentration.
Swiss office real estate resilient amid AI disruption risks
Raiffeisen study finds structural shifts in demand, with KI exposure and flexible work policies limiting office space cuts despite pandemic-era shifts. Leerage rates remain below pre-COVID levels.
Luxembourg fund law firm Leroy & Goldbach opens Zurich office
The Luxembourg-based advisory firm expands into Switzerland to serve Swiss and Liechtenstein fund managers, citing complementary roles of the two jurisdictions in European asset management.
HSBC trio launches independent wealth advisory boutique in Zurich
Global Strategic Advisory Group opens Zürich office with former HSBC and Credit Suisse bankers Patrick D'Amico, Thomas Schaad and Christian Hiller.
Swiss Life to cut 600 jobs despite rising profits, targets efficiency gains
The Swiss insurer plans to reduce its workforce by 600 by 2028, focusing on back-office roles, as it pursues digitalization and AI-driven savings. Profits rose 8% in H1 2026 despite higher taxes.
Swiss regional banks' confidence in Finma hits record low, survey shows
Confidence in the Swiss financial regulator plunged to its lowest level since 2015 amid concerns over tighter oversight and regulatory costs, while current business conditions remain robust.
Rothschild & Co’s Swiss wealth unit posts record net new money inflow
Swiss unit records CHF800 million in net new client inflows in H1 2026, lifting AUM to CHF26 billion. Profitability pressured by 26% drop in net interest income amid strong franc.
Partners Group faces €6bn refinancing challenge for three portfolio firms
Swiss asset manager Partners Group must refinance roughly €6 billion of debt owed by Emeria, Ammega and Breitling, with maturities in 2027‑28 and loans trading below par.
Volkswagen faces union backlash over 50,000-job restructuring plan
German unions threaten mass opposition to Volkswagen's proposed overhaul, which includes plant closures and layoffs, ahead of a critical supervisory board vote on Friday.
Swiss banks post record 2025 profits, eye 2026 growth despite staff cuts
Swiss banking sector’s aggregated business success rose 5.8% to CHF 73.8bn in 2025, a record surpassing 2006 levels. Managed assets hit CHF 10.12tn in H1 2026, while headcount fell 2.5% to 92,002 FTEs.
VW’s Blume says half of planned job cuts must be in Germany
Volkswagen CEO Oliver Blume told staff that roughly half of up to 50,000 additional global layoffs would occur in Germany as part of a cost-cutting drive. The plan aims to slash €10 billion in overheads amid weak China demand and unused capacity.
UBS ranks Switzerland’s most desirable residential locations
UBS study finds medium-sized Swiss cities outperform large urban centers on cost and livability, with Freiburg, Solothurn and Aarau leading in affordability. Nine of ten regions favor mid-sized towns over metropolises.
VP Bank reports 1.4 bln CHF net new money inflow in H1, eyes Asia expansion
CEO Urs Monstein outlines turnaround progress, with net new money at 1.4 bln CHF in the first half and a focus on cost discipline, Asian growth and potential acquisitions. Cost/income ratio falls to 78.8%.