Latest Zurich News

Long-lost Kafka works could emerge after messy legal battle

Apr. 17, 2019 8:33 AM EDT

JERUSALEM (AP) — A long-hidden trove of unpublished works by Franz Kafka could soon be revealed following a decade-long battle over his literary estate that has drawn comparisons to some of his surreal tales. A district court in Zurich upheld Israeli verdicts in the case last week, ruling that several safe...

German authorities raid homes, offices in tax fraud probe

Apr. 11, 2019 7:54 AM EDT

BERLIN (AP) — German prosecutors have searched over a dozen offices and homes across the country as part of their investigation into a massive tax fraud going back more than a decade, officials said Thursday. The scheme involved so-called cum-ex transactions in which participants would lend each other...

French court hits Swiss bank UBS with $5.1 billion penalty

Feb. 20, 2019 2:11 PM EST

PARIS (AP) — A French court ordered Switzerland's largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, sending a stern warning to tax dodgers and the banks that aid them. The Paris court convicted Zurich-based UBS AG on...