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2 days ago | 
news.bloombergtax.com | Bastian Benrath-Wright |Levin Stamm
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2 days ago | 
bloomberg.com | Bastian Benrath-Wright |Levin Stamm
Die Schweiz sieht sich mit unerwarteten Mehrkosten beim Kauf von 36 F-35A-Kampfflugzeugen konfrontiert, was die Spannungen mit den USA inmitten laufender Verhandlungsgespräche über Zölle zusätzlich verschärft. Die Schweizer Regierung erklärte am Mittwoch, dass der Vertrag mit Washington einen festen Preis vorsehe — US-Behörden jedoch von einem “Missverständnis” sprechen und zusätzliche Zahlungen verlangen.
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2 days ago | 
bloomberg.com | Bastian Benrath-Wright |Levin Stamm
An F-35A fighter jet. (Bloomberg) -- Switzerland and the US are at odds on the agreed price for three dozen F-35A fighter jets the country wants to buy from Lockheed Martin Corp., adding to existing tensions over US tariffs. The Swiss government said Wednesday that a price was set in the purchase deal, but that US officials have now said that this is a “misunderstanding” and the planes will cost more.
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3 days ago | 
news.bloombergtax.com | Bastian Benrath-Wright |Paula Doenecke
The Swiss government expects US tariffs to remain at the current rate of 10% after a 90-day grace period ends on July 9, as long as negotiations between the two countries continue. Still, officials in Bern said they can’t rule out that the US will reintroduce so-called reciprocal tariffs on that day, according to a statement on Wednesday.
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3 days ago | 
news.bloomberglaw.com | Bastian Benrath-Wright |Paula Doenecke
The Swiss government expects US tariffs to remain at the current rate of 10% after a 90-day grace period ends on July 9, as long as negotiations between the two countries continue. Still, officials in Bern said they can’t rule out that the US will reintroduce so-called reciprocal tariffs on that day, according to a statement on Wednesday.
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3 days ago | 
bloomberg.com | Bastian Benrath-Wright |Levin Stamm
Paradeplatz in Zurich. (Bloomberg) -- The Swiss government is still hoping to clinch a trade deal with the US before Donald Trump’s July 9 deadline, but otherwise expects tariffs to remain at the current 10% level if negotiations continue further.
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1 week ago | 
bloomberg.com | Bastian Benrath-Wright |Levin Stamm
A F/A-18 fighter jet during tests of Swiss Air force between Avenches and Payerne, western Switzerland. (Bloomberg) -- The Swiss government is seeking closer collaboration with other European nations in defense procurement, following warnings by senior officials over the country’s struggling arms industry. As part of a new defense strategy announced on Friday, Switzerland aims to buy at least 30% of its arms from Europe.
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1 week ago | 
arkansasonline.com | Bastian Benrath-Wright |Zoe Schneeweiss
Let us read it for you. Listen now. Your browser does not support the audio element. The Swiss National Bank will probably lower its interest rate to zero this week and stay there for some time, a Bloomberg survey of economists showed, just as new government forecasts pointed to persistently slow inflation. Policymakers will reduce borrowing costs by a quarter point on Thursday, almost 80% of their predictions show.
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1 week ago | 
bloomberg.com | Bastian Benrath-Wright |Zoe Schneeweiss |Harumi Ichikura
(Bloomberg) -- The Swiss National Bank will probably lower its interest rate to zero this week and stay there for some time, a Bloomberg survey of economists showed, just as new government forecasts pointed to persistently slow inflation. Policymakers will reduce borrowing costs by a quarter point on Thursday, almost 80% of their predictions show. That would return the benchmark to the level it last crossed in September 2022, when seven years of negative rates ended.
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2 weeks ago | 
news.bloomberglaw.com | Lydia Beyoud |Bastian Benrath-Wright
Switzerland-based investment advisers can once again register with the Securities and Exchange Commission, regulators said Tuesday, with the US agency immediately resuming the processing of new and pending registration applications. The announcement follows discussions between the US regulator and the Swiss Financial Market Supervisory Authority over the ability for SEC staff to directly obtain information from Switzerland-based banks and other financial institutions, including personal data.
