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Economy
Swiss central bank cuts interest rates for second time this year
The Swiss National Bank cut interest rates for a second time running in response to predictions of cooling inflation. The country’s key banking and financial services sector has been under pressure recently from the rising dominance of other financial hubs such as Hong Kong, Singapore and the US.
Business
Can Swiss chocolate giant Lindt thrive with sky-high cocoa prices?
Chocolate prices in the EU have surged by 11.1% on average over the past year, driven by tripled cocoa costs due to supply disruptions in West Africa. Swiss chocolate producer Lindt is expected to manage these increases through price adjustments, according to Bank of America.