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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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3 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 | 
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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3 days ago | 
bloomberg.com | Hugo Miller |Levin Stamm
World Economic Forum founder Klaus Schwab and the organization he led for more than half a century are in talks to end their months-long dispute. Schwab left the WEF suddenly in April after accusations of financial misconduct emerged and the board called for an investigation, sparking an internal clash. In a joint statement released to Bloomberg News on Tuesday, they said they expect the external probe to be concluded by the end of August.
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4 days ago | 
share.google | Hugo Miller |Levin Stamm
World Economic Forum founder Klaus Schwab and the organization he led for more than half a century are in talks to end their months-long dispute. Schwab left the WEF suddenly in April after accusations of financial misconduct emerged and the board called for an investigation, sparking an internal clash. In a joint statement released to Bloomberg News on Tuesday, they said they expect the external probe to be concluded by the end of August.
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4 days ago | 
bloomberg.com | Levin Stamm
Die Schweiz gerät als weltweit führendes Zentrum für Vermögensverwaltung zunehmend unter Druck. Laut dem am Dienstag veröffentlichten Global Wealth Report der Boston Consulting Group (BCG) holen asiatische Finanzplätze wie Hongkong und Singapur rasant auf. Demnach stieg das in der Schweiz verwaltete Vermögen 2024 um 6% auf 2,7 Billionen Dollar. Hongkong konnte im selben Zeitraum jedoch um 9,6% auf ebenfalls 2,7 Billionen Dollar zulegen und liegt nun nahezu gleichauf.
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4 days ago | 
bloomberg.com | Levin Stamm
The former headquarters of Credit Suisse, now a UBS Group AG bank branch, at the Paradeplatz in Zurich. (Bloomberg) -- Switzerland is facing a stiffer challenge to its position as the world’s top wealth management center from Asian rivals, according to a Boston Consulting Group report. Assets last year increased by 6% to $2.7 trillion, compared with a 9.6% gain at main competitor Hong Kong, which is fast closing in on its Swiss rival, according to BCG’s Global Wealth Report published Tuesday.
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1 week ago | 
bloomberg.com | Levin Stamm
Martin Schlegel(Bloomberg) -- Swiss National Bank President Martin Schlegel said cutting interest rates below zero is a more significant move than a reduction above that level, suggesting the central bank may be hesitant to take such a step. “We are aware that negative rates are a challenge for many stakeholders in the economy,” Schlegel told public broadcaster SRF in a radio interview.
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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.
