-
Kenya's economy faces climate change risks: World Bank
-
Venezuela inflation hit 475% in 2025, the world's highest level
-
Only nine commercial ships detected crossing Hormuz Strait since Monday
-
NASA defense test kicked asteroid off course -- and changed its orbit around the sun
-
Anthropic vows court fight in Pentagon row
-
Middle East war a new shock for financial markets
-
Only nine commercial ships detected crossing the Hormuz Strait since Monday
-
Swiss eyeing fewer F-35 fighters, reshaping defence set-up
-
Oil prices surge as Mideast war rages, stocks fall on US jobs
-
Securing shipping lane from Mideast war 'challenging', say experts
-
US retail sales decline as consumer pullback deepens
-
War in Middle East raises stagflation fears in Europe and beyond
-
Soaring gas prices spark renewed debate about European electricity
-
Germany's Axel Springer swoops for British newspaper The Telegraph
-
US sheds jobs in February in warning sign for Trump's economy
-
Iran drone strike on Azerbaijan raises fears of Mideast war spreading to Caucasus
-
Hungary to expel seven Ukrainians as Zelensky, Orban quarrel over Russian oil
-
Stocks fluctuate, oil climbs as Mideast crisis rages
-
China says 'clearly aware' of economic risks, vows to boost spending
-
Australia forces porn sites to block under-18s from Monday
-
Equities mostly drop as Mideast crisis rages, though oil dips
-
Brazil's Petrobras sees profit soar on record output
-
US, Venezuela restore ties as Washington pushes for minerals access
-
Middle East war enters seventh day as Israel strikes Beirut
-
US says Venezuela to protect mining firms as diplomatic ties restored
-
Paramount's Ellison vows CNN editorial independence
-
Oil prices rise, stocks drop as Middle East war stirs supply concerns
-
Google opens AI centre as Berlin defends US tech reliance
-
Union loses fight against Tesla at German factory
-
Stocks, oil climb as Middle East war stirs volatility
-
The silent struggle of an anti-war woman in Russia
-
China sets lowest growth target in decades as consumption lags
-
Seoul leads rebound across Asian stocks, oil extends gains
-
China prioritises energy and diplomacy over Iran support
-
Israel, Iran launch fresh attacks as war spreads
-
Google to open German centre for 'AI development'
-
Sci-fi without AI: Oscar nominated 'Arco' director prefers human touch
-
Brazil ratifies EU-Mercosur trade deal
-
US, European stocks rise as oil prices steady; Asian indexes tumble
-
US Fed warns 'economic uncertainty' weighing on consumers
-
Florida family sues Google after AI chatbot allegedly coached suicide
-
Bayer gets preliminary approval for weedkiller class settlement
-
Russia to free two Hungarian-Ukrainian POWs, Putin says
-
Michelangelo's works hidden in 'secret room', researcher says
-
Ivory Coast cuts cocoa producer price by nearly 60 percent: govt
-
Stocks firm, oil steadies after sell-off on Middle East turmoil
-
Stocks firm, oil dips after sell-off on Middle East turmoil
-
Latest developments in Iran war: Israel plans on 'one, two weeks' of strikes
-
Iran claims 'complete control' of strait: latest in the Mideast war
-
Privacy and attention promises from alternative phones at MWC
Swiss eyeing fewer F-35 fighters, reshaping defence set-up
Switzerland announced Friday it wanted to buy 30 US F-35A fighter jets rather than 36 after Washington hiked the price, and said its broader defence set-up needed repurposing to face current threats.
The militarily neutral country also said it was looking at buying a European surface-to-air defence system to go alongside the delayed Patriot system on order from the United States.
Outlining the tense geopolitical situation in Europe, the landlocked nation furthermore said it needed to gear up to face hybrid threats.
The F-35A combat aircraft -- already used by the US Air Force and several European countries -- was chosen by Switzerland in June 2021, over the Airbus Eurofighter, the F/A-18 Super Hornet by Boeing, and French firm Dassault's Rafale.
But Bern and Washington have been quibbling over the final price of the jets, bought to replace the ageing Swiss fleet.
In June last year, Switzerland said the United States wanted Bern to assume additional costs -- cited as high inflation and surging raw material and energy prices.
However, Bern wanted to stick to the agreed price of just over six billion Swiss francs ($7.7 billion) -- an amount that was approved in a 2020 referendum.
Defence Minister Martin Pfister told a press conference Friday that an additional 1.1 billion francs would have been required "for the 36 aircraft initially planned".
The government is now looking at buying "approximately 30 F-35As", said Pfister.
The exact number will depend on contract negotiations between the US government and manufacturers Lockheed Martin.
- Hybrid threats -
Switzerland's long-standing position has been one of well-armed military neutrality and the European country has mandatory conscription for men.
Bern painted a grim picture of the current security climate.
"The global security situation and Switzerland's geopolitical environment have deteriorated in recent years," the government said.
"The war in Ukraine, increasing hybrid threats, cyberattacks, disinformation and espionage are also having an impact on Switzerland."
But the Alpine country is "not sufficiently equipped to counter the most likely threats," which it said were hybrid warfare and attacks from a distance.
It blamed previous cost-cutting, price increases and long delivery times on the international arms market.
- Patriot wait time -
Last July, Washington told Bern that the five Patriot units it had on order were being reprioritised and heading to Ukraine.
"According to current knowledge, the delay is four to five years," the government said Friday.
While Switzerland "is sticking to the procurement of Patriot systems due to the importance of the ability to defend against attacks from a distance," it will look for an additional system.
"This reduces dependence on a single supply chain or a single country, and on the other hand, it can be used to better ensure availability," it said.
The government said the Swiss military reckons it needs 31 billion Swiss francs to strengthen the country's defence and security.
"A temporary increase in VAT is intended to make it possible to provide the armed forces... with the financial resources to better protect the population and the country against the most likely threats," it said.
The government is therefore proposing raising the VAT rate by 0.8 percentage points for 10 years, and by creating an "armament fund, which would be financed by the VAT rise and a slice of the army's regular budget".
The government hopes a referendum on plan can be held in mid-2027 so that the temporary VAT increase can take effect in 2028.
Ch.Lefebvre--CPN