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Switzerland Is Getting Squeezed Between China and the US

Switzerland Is Getting Squeezed Between China and the US

(Bloomberg) — Back in 2013, several dozen Swiss business representatives traveled to Beijing to attend the signing of a free-trade agreement between Switzerland and China, toasting the success with champagne. Implemented the following year, the FTA was hailed in a PricewaterhouseCoopers LLP report at the time as a landmark accord that “recasts the international trade...

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Swiss giant Nestle hit by slowing sales, unlike rivals Unilever and Danone

Swiss giant Nestle hit by slowing sales, unlike rivals Unilever and Danone

Nestle sales growth sputtered in the first quarter as the maker of Nespresso coffee was hit by cooler demand in North America and supply constraints at its vitamins unit. Sales rose 1.4% in the period on an organic basis, the Swiss company said Thursday, about half the estimate of analysts. Its real internal growth rate...