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Kuehne und Nagel reports increased turnover but declining profits in 2023
Kühne und Nagel reported a four percent increase in turnover, reaching 25 billion Swiss francs, following a downturn in 2023. However, the logistics group's profit experienced a significant decline, falling by 16 percent to 1.2 billion Swiss francs.
Swiss companies eye India as trade pact opens new opportunities
Swiss companies are increasingly investing in India, with the country poised to become ABB's third-largest market after the U.S. and China. A $100 billion trade deal with the European Free Trade Association is expected to enhance Swiss access to India's vast market, reducing tariffs on various exports. This partnership aims to boost India's exports in pharmaceuticals, clothing, and machinery while reflecting a shift in European business strategies amid changing global trade dynamics.
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