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
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client. … Read more
Switzerland’s national rail operator says the world’s longest rail tunnel won’t be fully reopened to train traffic until next September, again pushing back the target date for repairs of damage caused by a cargo train derailment ByThe Associated Press November 2, 2023, 9:05 AM Accident-damaged freight wagons are seen at the scene of the accident … Read more
GENEVA — Switzerland’s anti-immigration Swiss People’s Party rebounded from searing losses four years ago to become the largest parliamentary faction after the election, official results showed, as two environmentally-minded parties lost ground despite record glacier melt in the Alpine country. Pre-election polls suggested that Swiss voters had three main concerns: Rising fees for the obligatory, … Read more
Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images Novartis on Wednesday completed the spinoff of its generics and biosimilars business Sandoz, whose shares began trading at 24 Swiss francs in the early minutes of … Read more
LGBTQ+ groups are hailing the 60-day jail sentence a court in Switzerland gave to a writer and commentator for deriding a journalist as a “fat lesbian” and other critical remarks French-Swiss far-right writer Alain Soral, center, leaves the courthouse after his appeal trial for homophobia against a journalist in Lausanne, Switzerland, Wednesday, September 27, 2023. … Read more
A court in northern Switzerland has acquitted a former Belarusian security operative over the enforced disappearances of three of President Aleksander Lukashenko’s political opponents in the late 1990s ByJAMEY KEATEN Associated Press September 28, 2023, 12:45 PM FILE – Yuri Harauski is pictured outside the court of St. Gallen, Switzerland, Tuesday, Sept. 19, 2023. A … Read more
A Swiss Nationwide Financial institution emblem is pictured on the SNB constructing in Bern, Switzerland Might 20, 2020. Arnd Wiegmann | Reuters The Swiss Nationwide Financial institution ended its streak of 5 consecutive will increase, retaining rates of interest unchanged at its quarterly financial coverage assembly on Thursday. The financial institution, which started lifting charges … Read more
GENEVA — Voters in a southern Swiss area solid their ballots Sunday to resolve whether or not to permit giant photo voltaic parks on their sun-baked Alpine mountainsides as a part of the federal authorities’s push to develop renewable vitality sources. The referendum within the Valais canton facilities on financial and environmental pursuits at a … Read more
GENEVA — The Swiss climate service mentioned Monday a warmth wave has pushed the zero-degree Celsius stage to its highest altitude since recordings on it in Switzerland started almost 70 years in the past, an ominous new signal for the nation’s vaunted glaciers. MeteoSwiss says the zero-degree isotherm stage reached 5,298 meters (17,381 ft) above … Read more