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On June 10 there will be a referendum in Switzerland, something which is quite usual in this confederate State. But this one is particularly interesting. In this country, famous for […]

So that whole Turing test metric, wherein we gauge how human-like an AI system appears to be based on its ability to mimic our vocal affectations? At the 2018 I/O […]

Takeda Pharmaceutical Co. on Tuesday reached an agreement to buy Shire PLC, capping a monthslong battle for control of the European drugmaker and marking the largest-ever overseas acquisition by a […]

Nestle and Starbucks on Monday announced a global marketing deal, in which the Swiss food and drink giant will market the coffee company’s consumer and foodservice products. The deal gives […]

Malta has been recognised as the best EU domicile for captive insurance in the European & UK Captive Awards 2017. The awards are organised by the Captive Review. Captive Review […]

The Swiss franc fell to a three-year low of 1.20 against the euro on Thursday as a revival in risk appetite encouraged investors to use it to buy higher yielding […]

Switzerland exported the fewest quartz watches in 33 years as competition from fitness bands and smartwatches pummeled the low end of the market and forced the industry to refocus on more expensive mechanical timepieces.

Swiss watchmakers shipped 17 million quartz and electronic timepieces in 2017, the lowest number since 1984, according to statistics published Tuesday by the Federation of the Swiss Watch Industry. By value, that was worth 3.5 billion francs ($3.7 billion), down 3.8 percent from 2016.

In January, the KOF Economic Barometer does not continue its upward tendency, which started in September 2017, but has declined. However, despite the decline, the indicator remains well above its long-term average. It still indicates a more dynamic economic development than in mid-2017. The recovery of the Swiss economy is thus likely to continue, albeit with slightly less momentum than indicated in the past few months.