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Mercedes Ruehl

Switzerland and Austria correspondent

Mercedes Ruehl is the Financial Times' Switzerland and Austria correspondent, covering politics, economy, local companies, finance and markets. She was previously Singapore and Southeast Asia correspondent and prior to that Asia technology correspondent based in Singapore and Hong Kong. Prior to that she spent six years reporting in Australia on business, finance and politics for The Australian Financial Review and The Sydney Morning Herald.
Email Mercedes Ruehl
  • Thursday, 10 July, 2025
    Business InsightEuropean banks
    The Swiss solution looming into sight for UBS

    Switzerland’s pragmatic, slow-moving political system might benefit the bank in seeking compromise in debate over capital rules

    UBS logo above the entrance to the bank’s headquarters in Zurich, Switzerland
  • Tuesday, 8 July, 2025
    UBS Group AG
    UBS grants ‘goodwill payments’ to clients hit by Trump trading losses

    Complaints made against Swiss bank over losses on foreign exchange derivatives in wake of US tariff announcements

    The UBS headquarters building in London, UK
  • Tuesday, 8 July, 2025
    FT News Briefing podcast11 min listen
    Liechtenstein's zombie-trust apocalypse

    US sanctions against Russia have led to hundreds of entities becoming legally paralysed

  • Monday, 7 July, 2025
    Liechtenstein
    Liechtenstein hit by Russia-linked ‘zombie trust’ crisis

    Hundreds of entities in legal paralysis in the principality after US sanctions trigger wave of director resignations

    the Castle of Vaduz, home of the Liechtenstein princely family, in Liechtenstein’s capital Vaduz.
  • Tuesday, 1 July, 2025
    News in-depthEU trade
    Switzerland stirs Brexit ghosts in push for EU access

    Referendum looms on single market deal that includes concessions on money, migration and judicial power

    Aerial view of Basel
  • Saturday, 21 June, 2025
    Wealth management
    Inheritance tax referendum spooks Swiss super-rich

    Bankers and lawyers warn of exodus ahead of public vote on 50 per cent rate for the very wealthy

    view of the Jungfrau and mountain range of Bernese alps from Mannlichen cablecar station, Switzerland.
  • Thursday, 19 June, 2025
    Swiss National Bank
    Swiss central bank cuts rates to zero

    Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking

    View of the headquarters of the Swiss National Bank
  • Thursday, 19 June, 2025
    News in-depthJulius Baer Gruppe AG
    Can an ex-Goldman banker finally fix Julius Baer?

    The Swiss wealth manager’s new chief executive Stefan Bollinger takes on a troubled legacy — and Zurich’s establishment

  • Tuesday, 17 June, 2025
    Media
    Finance blog raided over suspected Swiss banking secrecy law breaches

    Investigation of Inside Paradeplatz raises concerns about ‘draconian’ rules

    Passenger trams make their way along Paradeplatz in front of the Credit Suisse Group AG headquarters in Zurich
  • Tuesday, 17 June, 2025
    EU energy
    EU should be open to resuming Russian gas imports, says Austria

    Vienna’s olive branch comes as Brussels proposes to completely ban gas imports from Russia by 2028

    A worker turns a valve wheel at a gas well in Russia
  • Tuesday, 10 June, 2025
    US financial regulation
    US and Switzerland end stalemate over client information

    Agreement lifts blockade on approvals of new Swiss investment advisers to pursue American wealth management

    US Securities and Exchange Commission seal
  • Friday, 6 June, 2025
    UBS Group AG
    Switzerland proposes forcing UBS to add $26bn in capital

    ‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse

    A woman outside a branch of UBS in Renens, Switzerland
  • Thursday, 29 May, 2025
    Klaus Schwab
    ‘A family enterprise’: WEF founder Klaus Schwab on alleged wrongdoing at Davos

    World Economic Forum’s ousted leader files for defamation after ‘stupid and constructed’ whistleblower allegations

    Klaus Schwab at the World Economic Forum in Davos, Switzerland
  • Wednesday, 28 May, 2025
    World Economic Forum
    Lagarde discussed leaving ECB early to head WEF, says Schwab

    Ousted Davos founder says central bank chief has been in talks to depart before her term ends in 2027

    Montage of former WEF chair Klaus Schwab, left, and ECB president Christine Lagarde, right, with the World Economic Forum and EU logos behind them on a blue background
  • Tuesday, 27 May, 2025
    News in-depthEuropean companies
    AI boom adds €150bn to value of four of Europe’s oldest industrial groups

    Electrical equipment makers including ABB and Legrand are surging thanks to a pivot to data centre infrastructure

    Logos of ABB, Schneider Electric, Legrand and Siemens AG with chart against data centre background
  • Monday, 26 May, 2025
    Austria
    Former Austrian chancellor Sebastian Kurz acquitted of perjury after appeal

    Ruling opens the way to possible political comeback by 38-year-old once seen as wunderkind of European right

    Sebastian Kurz at a Vienna court for his appeal on Monday
  • Sunday, 25 May, 2025
    InterviewEU immigration
    Austrian chancellor says EU asylum rules are no longer fit for purpose

    Christian Stocker adopts hardline policy in bid to bring ‘contentment’ to Austrian voters riled up by far right

    Chancellor Christian Stocker
  • Saturday, 24 May, 2025
    Austria
    Austria plans permanent curbs on asylum rights

    Quota system for family reunification confirms Vienna’s role as trailblazer for immigration curbs in the EU

    Austrian police officers check a car at a checkpoint at the border between Austria and Italy
  • Friday, 23 May, 2025
    Europe Express
    Why ‘neutral’ Austria does not want to be left out of EU rearmament drive Premium content

    Also in this newsletter: Dutch minister urges greater vigilance on corruption in military procurement

    Beate Meinl-Reisinger
  • Wednesday, 21 May, 2025
    Swatch Group SA
    Activist investor fails to win Swatch board seat

    GreenWood Investors’ Steven Wood says he will consider requesting an extraordinary meeting

    Blancpain X Swatch watches on display
  • Monday, 19 May, 2025
    News in-depthSwatch Group SA
    Activist takes on Swatch maverick as Omega empire falters

    Nick Hayek has overseen a decade of decline at the watchmaker. Can he see off the threat to his grip on the group?

    Montage of Swatch chief executive Nick Hayek, two Blancpain x Swatch watches and a chart
  • Sunday, 18 May, 2025
    Retail & Consumer industry
    Swiss footwear upstart On bets big on China

    Fast-growing trainer maker backed by Roger Federer joins brands taking global market share from Nike and Adidas

    An athlete wearing Swiss sportswear brand On
  • Friday, 16 May, 2025
    Cie Financiere Richemont SA
    Cartier owner Richemont rules out big price rises despite US tariff impact

    Chair Johann Rupert warns price differences across regions risk pushing customers across borders for better deals

    Shoppers outside a Cartier store in Berlin, Germany
  • Wednesday, 14 May, 2025
    News in-depthWorld Economic Forum
    Downfall in Davos: Klaus Schwab fights for legacy after WEF whistleblower claims

    Ousted head of World Economic Forum battles impropriety allegations and second probe into his conduct in a year

    A montage of Klaus Schwab speaking, set against a World Economic Forum logo
  • Wednesday, 14 May, 2025
    Baidu Inc
    China’s Baidu in talks to launch robotaxis in Europe

    Beijing-based tech rival to Google seeks to test self-driving vehicles in Switzerland and Turkey

    A driverless car by Apollo Go, Baidu’s robotaxi service, drives past another robotaxi in Wuhan
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