SIPRI’External links annual figures, that were released on Monday, show that Ruag managed to clinch the 95th spot in 2017. It moved up by one place compared to the year before thanks to more arms sales: $870 million (CHF860 million) compared to $820 million the year before. Overall, the company registered sales of $1.98 billion, an increase of 5%.
American firms were responsible for the bulk of global arms sales (57%), followed by Russia (9.5%), UK (9%) and France (5.3%). China was not included in SIPRI’s statistics as reliable data could not be obtained.
According to SIPRI, American firms sold $226.6 billion worth of arms largely thanks to demand from the US military. Russian arms sales were worth $37.7 billion and went towards modernising the Russian military. Turkey showed one of the largest increase in sales (24%) reflecting the intention of the country to develop its own arms manufacturing base and reduce its reliance on foreign firms.
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Switzerland exports more weapons to conflict nations
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Switzerland already exports weapons to countries at war, and the numbers are increasing.
Swiss government rejects proposed super-rich inheritance tax
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Switzerland’s government rejected a proposal to jack up inheritance taxes on the super rich, diminishing the chances of the plan passing in a national vote.
Swiss government wants to ban swastika in crackdown on extremist symbols
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The Federal Council wants to ban the Nazis’ swastika emblem in public as well as other symbols associated with the Third Reich. Anyone who flouted the law would be fined CHF200 in future.
Switzerland greenlights use of self-driving cars on motorways from March 2025
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From March 2025, drivers will be allowed to use self-driving technology on Swiss motorways and let go of their steering wheel.
Swiss justice minister discusses plight of Syrian migrants in Brussels
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Swiss Justice Minister Beat Jans met his European counterparts in Brussels on Thursday to discuss the situation of Syrian asylum-seekers in Europe. Jans called for coordinated action by European states.
Swiss companies invest more in their foreign subsidiaries
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In 2023, Swiss-companies invested more money in their foreign subsidiaries than they withdrew for the first time since 2018.
Federal Court clears Swiss journalist in 3D-printed gun case
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The Federal Court has acquitted a journalist from Swiss public television, RTS, who had been fined over a TV investigation into the dangers of 3D-printed weapons.
Rising healthcare costs remain the greatest concern of Swiss residents
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The rising costs of healthcare and health insurance premiums remain a major concern for Swiss residents, a survey published on Thursday shows. Other major worries are the environment and pensions.
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Concern over sharp rise in Swiss arms sales to Gulf
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Swiss sales of war equipment to Saudi Arabia, Bahrein and the United Arab Emirates have reportedly risen sharply this year.
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