Latest Switzerland News

Swiss program plots post-COVID future for science, diplomacy

Apr. 13, 2021 09:30 AM EDT

GENEVA (AP) — With COVID-19, space exploration and climate change high on many minds, a so-called “do tank” in Geneva, bankrolled by Switzerland's government, is gearing up to develop long-term scientific projects, ranging from a global court for scientific disputes to a Manhattan...

Swiss banker to Venezuelan kleptocrats becomes star witness

Apr. 08, 2021 16:13 PM EDT

MIAMI (AP) — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been a constant reminder of his crimes. With a court order in hand, and a child’s voice echoing from the next room, the former Swiss banker...

Oil trader admits to role in major Ecuador bribery scheme

Apr. 07, 2021 12:14 PM EDT

MIAMI (AP) — A former representative for commodities giant Gunvor pleaded guilty Tuesday to helping channel more than $22 million in bribes to high-level officials in Ecuador in exchange for lucrative contracts with the state-run oil company. As part of his plea deal in...

Hans Kueng, dissident Catholic theologian, dies at 93

Apr. 06, 2021 13:49 PM EDT

BERLIN (AP) — Hans Kueng, a Roman Catholic theologian who was an early colleague and friend of the future Pope Benedict XVI but later fell foul of the Vatican for challenging church doctrine and became a vocal critic of the pontiff, has died. He was 93. Kueng died...

Credit Suisse foresees $4.7B charge over hedge fund default

Apr. 06, 2021 04:44 AM EDT

GENEVA (AP) — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4 billion Swiss francs ($4.7 billion) in connection with a previously announced default of a U.S. hedge fund on margin calls. The...

World trade body chief says vaccine inequity 'unacceptable'

Apr. 01, 2021 11:52 AM EDT

GENEVA (AP) — The head of the World Trade Organization called Thursday for expanded capability in developing countries to manufacture vaccines, saying the gaping imbalance in access to coronavirus vaccines that mostly favors rich, developed countries was unacceptable. ...

Remains in Mali identified as kidnapped Swiss missionary

Mar. 31, 2021 18:38 PM EDT

BAMAKO, Mali (AP) — The body of a Swiss woman who was held hostage for more than five years by an extremist Islamic group in Mali has been found and identified, the Malian foreign ministry said Wednesday. Members of the International Committee of the Red Cross delivered...

Report: Pandemic dealing setbacks to gender parity in jobs

Mar. 31, 2021 15:54 PM EDT

GENEVA (AP) — The think tank behind the annual gathering of world leaders in Davos, Switzerland, says the COVID-19 pandemic is impacting gender parity in the workplace, but time will tell whether the damage to women's roles in the economy proves permanent. The World...

Romanian man arrested in Greece over Swiss watch theft

Mar. 29, 2021 15:02 PM EDT

THESSALONIKI, Greece (AP) — Greek authorities have arrested a 48-year-old Romanian man wanted in Switzerland over the theft of four watches with a total worth of over 1 million euros ($1.1 million). The suspect, who was not publicly named in accordance with Greek law,...

Global banks warn of possible losses from hedge fund default

Mar. 29, 2021 06:36 AM EDT

BERLIN (AP) — Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan's Nomura said it could face a loss of $2 billion due to an event with a U.S....