China, Switzerland sign declaration with view to expanding trade
GENEVA (Reuters) – China and Switzerland signed a joint declaration on Monday agreeing to deepen their partnership after Premier Li Qiang met the Swiss President, the Swiss government said. Li, the most…
Low-tax Switzerland votes on global minimum corporate tax rate
By John Revill ZURICH (Reuters) – Swiss citizens vote this weekend on whether to raise business tax to 15% from an average of 11% to align with a global minimum tax rate,…
Switzerland speeds up work on liquidity backstop after Credit Suisse crash
BERN (Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse received access to in March under emergency rules to other systemically…
Exclusive-Qatar fund explored claims against Switzerland for Credit Suisse losses
By Stefania Spezzati, Paritosh Bansal and America Hernandez (Reuters) – Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover, two people familiar…
Switzerland should allow re-export of arms to Ukraine -Kyiv envoy
By Gabrielle Tétrault-Farber BERN (Reuters) – The Swiss foreign policy tradition of neutrality should not include blocking re-exports of Swiss weapons to Ukraine, the Ukrainian ambassador to Switzerland said on Monday, adding…
Threatened by war, Ukrainian paintings find safe haven in Switzerland
By Gabrielle Tétrault-Farber GENEVA (Reuters) – When Russia sent troops into Ukraine a year ago, the director of the Kyiv National Art Gallery had only one thing on his mind: the safety…
State Dept OKs potential sale of Patriot missiles to Switzerland, Pentagon says
WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of Patriot missiles and related equipment to Switzerland for an estimated cost of $700 million, the Pentagon said on Tuesday.…
France, Singapore, Switzerland jointly test central bank digital currencies
LONDON (Reuters) – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) in the first cross-regional trial of its kind. The project, which will…
Switzerland cuts growth forecasts given energy risks, inflation
ZURICH (Reuters) -The Swiss government significantly cut its economic growth forecasts on Tuesday, citing growing risks from a “tense energy situation and sharp price increases”. It now expects the country’s economy to…
Leader of Brooklyn-Based Eastern European Organized Crime Syndicate Extradited from Switzerland to Face Racketeering and Other Charges
Viktor Zelinger, also known as “Vitya” and “Vityok,” the alleged leader of an Eastern European organized crime syndicate that operated in the Brighton Beach, Sheepshead Bay and Coney Island neighborhoods of Brooklyn…
Women’s pay in Switzerland lags that of men by 43%
ZURICH (Reuters) – Women in Switzerland earn more than 40% less than men and draw less pension money, a gender pay gap report the government adopted on Wednesday showed, citing the high…
Switzerland to return Uzbekistan’s assets frozen in money laundering probe
GENEVA (Reuters) – Switzerland agreed on Tuesday to send back to Uzbekistan over $100 million which it seized during a long-running investigation in connection with the daughter of former president Islam Karimov.…
Watches of Switzerland more cautious after strong first quarter
By Silke Koltrowitz ZURICH – Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year, it said on Tuesday, as…
U.S. and Switzerland working on facilitating pharma trade – U.S. ambassador
ZURICH – The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador…
In Switzerland, first same-sex couples say “I do”
By Brenna Hughes Neghaiwi and Arnd Wiegmann SCHAFFHAUSEN, Switzerland – Alois Carnier, 57, and Peter Leu, 67, said “wholeheartedly, I do” to each other on Friday as same-sex marriages became legal in…
Switzerland names new vice chairman of Swiss National Bank’s governing board
ZURICH – Switzerland’s Federal Council has appointed Martin Schlegel as vice chairman of the governing board of the Swiss National Bank, succeeding Fritz Zurbruegg as head of the department responsible for financial…
Ukrainian refugees queue for food in wealthy Switzerland
By Silke Koltrowitz and Arnd Wiegmann ZURICH – Hundreds of Ukrainians lined up for food handouts in central Zurich on Saturday as wealthy Switzerland struggles to cope with the arrival of around…
Switzerland: The land that inflation left behind
By Paul Carrel BERN – While the rest of Europe grapples with surging prices, in Switzerland inflation is so tame that some key costs are actually falling. The price of healthcare –…
Novavax applies for COVID-19 vaccine approval in Switzerland
– Novavax Inc has submitted an application to Switzerland’s drugs regulator for the authorization of its COVID-19 vaccine in adults, the U.S. vaccine maker said on Monday. The submission is based on…
Switzerland Approves ‘Very Comfortable’ Suicide Pods
The Sarco machine, a 3-D printed assisted suicide pod, passed legal review in Switzerland, and it is expected to be available for public use in 2022, Swiss Info reported. The machine aims…
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