Latest Switzerland government News
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
BERLIN (AP) — Switzerland's UBS said Monday that it expects to complete its takeover of longtime rival Credit Suisse as early as next week. The two Zurich-based banks are uniting in a 3 billion-franc ($3.3 billion) deal that was arranged hastily in March by the Swiss government...
Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says
LONDON (AP) — Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager, a Singapore court ruled Friday, the latest scandal for the Swiss bank whose yearslong problems...
A public person in a private country: Tina Turner reveled in 'normal' life in her Swiss home
KUESNACHT, Switzerland (AP) — In her adoptive country, Tina Turner was more than just a swivel-hipped rock, R&B and pop superstar. She unapologetically moved to Switzerland for its discretion and calm, carrying her very public persona into a very private country. She relished her life as a...
Swiss gov't favors compensation for journalistic 'snippets' posted by online services
GENEVA (AP) — Switzerland's executive branch says it favors changes to copyright law to require large online service providers — including social media platforms and search engines — to pay media companies for use of their journalistic content, even small excerpts known as “snippets.” ...
UN: World is failing to protect millions of civilians caught in conflicts
UNITED NATIONS (AP) — The U.N. chief on Tuesday decried the “terrible truth” that the world is failing to live up to its commitments to protect a growing number of civilians caught in conflicts. The International Committee of the Red Cross, the guardian of treaties enshrining those...
Swiss parliamentary panel seeks easing of export controls on weaponry
BERN, Switzerland (AP) — A parliamentary committee in Switzerland on Thursday recommended easing export controls for Swiss-made war materiel to help prop up the domestic defense industry as Western neighbors urge the country to do more to help Ukraine defend itself against Russia. ...
Swiss lower house approves closer ties to Taiwan legislature
GENEVA (AP) — Switzerland's lower house of parliament has voted to tighten ties with the legislature in Taiwan, a move that could further rankle China after recent visits by Western lawmakers to the island. The Swiss National Council voted 97-87 with eight abstentions late Tuesday...
Swiss to erect 1st national memorial honoring Nazi victims
GENEVA (AP) — Switzerland's executive body agreed Wednesday to help pay for the country's first national memorial to honor the six million Jews and other victims of the Holocaust and Nazi persecution. The Federal Council, the seven-member executive branch, approved 2.5 million...
Central banks end crisis offer as bank system fears ease
FRANKFURT, Germany (AP) — In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles. ...
Credit Suisse saw $69 billion in outflows at start of 2023
GENEVA (AP) — Ailing bank Credit Suisse on Monday reported over 61 billion Swiss francs (nearly $69 billion) in outflows in the first three months of the year, when Switzerland’s government arranged for its takeover by rival UBS, and said clients are still withdrawing assets. The...
