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US tariffs take big bite out of Swiss exports
US tariffs take big bite out of Swiss exports
Economy
by  AFP

Stiff US tariffs on Switzerland badly hurt the Alpine country's exports in the third quarter, official figures showed Tuesday, with Swiss watchmakers suffering badly. First-quarter exports soared as orders for Swiss pharmaceuticals jumped in the US, where American importers were rushing to get ahead of Trump's tariffs.

UK borrowing hits five-year high ahead of budget
UK borrowing hits five-year high ahead of budget
Economy
by  AFP

UK government borrowing reached a five-year high in September, official data showed Tuesday, adding pressure to the government ahead of its annual budget. The public deficit between April -- the start of the UK fiscal year -- and September hit £99.8 billion ($133.6 billion), the Office for National Statistics (ONS) said in a statement.