WARSAW, Poland — A teenager has been arrested on suspicion of stabbing and critically wounding an Orthodox Jewish man on the streets of Zurich, Swiss police said Sunday. Zurich police said in a statement that they suspect antisemitism as the motive in the stabbing attack that occurred Saturday evening. Police said they received a report … Read more
In the late 1970s, an ambitious new computer company called Apple started to brainstorm its next steps as the age of home computers suddenly seemed a reality. The company had already made a mark with the desktop Apple II in 1977. Apple co-founder Steve Jobs and others were trying to set the bar higher. What … Read more
Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024. Fabrice Coffrini | Afp | Getty Images Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive market environment after a … Read more
BERLIN — An Iranian asylum seeker was shot dead by police in Switzerland after taking 15 people hostage on a train, authorities reported Friday. Armed with an ax and knife, the man, 32, held the hostages on a train in the town of Essert-sous-Champvent in the Swiss canton of Vaud near the French border for … Read more
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet are getting “indoctrinated” by academics and should “do their homework.” UBS completed its takeover of Credit Suisse in June 2023 after an … Read more
The Internal Revenue Service headquarters building in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images WASHINGTON — A former Swiss finance executive pled guilty in New York federal court on Thursday to conspiring to defraud the U.S. in a tax evasion scheme known as the “Singapore Solution” that hid $60 million in … Read more
SARAJEVO, Bosnia-Herzegovina — SARAJEVO, Bosnia-Herzegovina (AP) — The Bosnian capital of Sarajevo has been intermittently engulfed in a toxic haze since the start of December, with air quality so bad it was placed first on a list of the world’s most polluted cities for a second straight day Wednesday. The Swiss air quality technology company … Read more
Axel Lehmann, chairman of Credit Suisse Group AG, Colm Kelleher, chairman of UBS Group AG, Karin Keller-Sutter, Switzerland’s finance minister, Alain Berset, Switzerland’s president, Thomas Jordan, president of the Swiss National Bank (SNB), Marlene Amstad, chairperson of the Swiss Financial Market Supervisory Authority (FINMA), left to right, during a news conference in Bern, Switzerland, on … Read more
Police say two people have been killed and one wounded after a gunman fired shots at two locations in a southern Swiss town ByThe Associated Press December 11, 2023, 4:42 AM BERLIN — Two people were killed and one wounded as a gunman fired shots at two locations in a southern Swiss town on Monday, … Read more
A sign sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015. Luke MacGregor | Bloomberg | Getty Images A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service, the Department of Justice announced Monday. Banque Pictet, the … Read more