Latest Switzerland government News

Swiss sign controversial $6B deal to purchase F-35 fighters

Sep. 19, 2022 08:54 AM EDT

GENEVA (AP) — Swiss officials on Monday formally signed a procurement contract to acquire three dozen F-35 fighter jets from the United States as part of a planned refurbishment of Switzerland's air force that has run afoul of critics of the big defense purchase, the government said. ...

US sets up Afghan relief fund with frozen central bank money

Sep. 14, 2022 15:49 PM EDT

WASHINGTON (AP) — A year after the tumultuous U.S. withdrawal from Afghanistan, the Biden administration said Wednesday it will transfer $3.5 billion in frozen Afghan central bank funds to benefit the Afghan people, as hunger grips every province there. Funds will be dispersed...

Switzerland to extend $4B credit line to energy company Axpo

Sep. 06, 2022 05:46 AM EDT

GENEVA (AP) — The Swiss government said Tuesday that it has agreed to give an urgent credit line of 4 billion Swiss francs ($4.1 billion) to power plant operator Axpo Holding as energy prices soar in Europe and could “endanger Switzerland's energy supply.” Axpo, which has 30...

Swiss gov't warns about possible lag in fighter jet purchase

Aug. 24, 2022 11:35 AM EDT

GENEVA (AP) — Switzerland's defense department said Wednesday that any delay to the planned multibillion-dollar acquisition of U.S.-made F-35 fighter jets would have “grave consequences” for Swiss security, after opponents succeeded in a campaign to put the purchase to a referendum. ...