Latest Switzerland News
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G8 leaders back calls for Syria peace talks in Geneva
Leaders at the G8 Summit in Northern Ireland have backed calls for Syrian peace talks to be held in Geneva as soon as possible. After adopting the statement, UK Prime Minister David Cameron said the leaders had managed to overcome fundamental differences. The statement, however, does not mention what role Syrian President Bashar al-Assad could play in the future. According to the BBC, the G8 ...
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Zardari gets clean man stamp following Swiss refusal to re-open $60 mln money laundering case
Pakistan President Asif Ali Zardari has become a 'clean' man in a 60 million dollars money-laundering case after the Swiss Government refused to re-open the case. The Swiss Government had sent a letter to the PML-N Government informing about the development after the case was closed by a Swiss court after lapse of a specific period. In February this year, the Swiss Government told the PPP-led ...
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Swiss lawmakers reject deal on banking secrecy
GENEVA -; Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that would have helped the country's banks avoid facing U.S. criminal charges for shielding tax ...
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Amanda Knox’s ex-lover Raffaele Sollecito loses right to stay in Switzerland
Raffaele Sollecito, who faces a retrial with Amanda Knox for the murder of British student Meredith Kercher in Italy, has had to leave Switzerland after what his father called "a moral and social lynching of someone who has been found not ...
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Switzerland rejects deal to expose US tax-dodgers
Swiss lawmakers rejected Wednesday a deal proposed by Washington to expose American tax dodgers and halt a raft a US lawsuits provided that Swiss banks that helped stash the cash pay massive ...
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Swiss parliament kills divisive US tax bill
Parliament has thrown out a draft law enabling Swiss banks to hand over confidential data to the United States cracking down on suspected tax cheats. However, it called on the cabinet to find legal means to resolve the standoff. For the second time in as many days, the House of Representatives on Wednesday rejected a government-sponsored bill which would have paved the way for the Swiss banks ...
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UPDATE 2-Switzerland buries U.S. tax law banks seen at risk
Wed Jun 19, 2013 12:19pm EDT * Lower house sinks the bill by again refusing to debate * Swiss government fears U.S. indictment of banks * Banking lobby urges government to help banks reach deals * Opinion divided over threat to banks By Ruben Sprich BERNE, June 19 (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from ...
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Swiss Re Publishes ‘Corporate Responsibility’ Report‘Sustainable’Insurance Goals
Swiss Re announced the publication of its "2012 Corporate Responsibility Report," which it said "enhances its accountability by reporting against the Principles for Sustainable Insurance for the first time." The sustainable principles were developed in cooperation with the United Nations Environment Program (UNEP) and other partners, with Swiss Re playing "an active ...
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Swiss Upper House Confirms Approval of U.S. Tax Deal
Swiss parliament's upper house approved a bill allowing the country's 300 banks to cooperate with the U.S. to help catch tax evaders. In a second round of voting, the upper house voted for the measure 26 to 18, affirming its verdict of last week. In the interim, the lower house rejected further debates of the bill, potentially setting it up for derailment. The two chambers must ...
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Swiss Banks Face U.S. Charges as Parliament Rejects Deal
Swiss parliament rejected a bill designed to resolve a dispute over undeclared bank accounts held by U.S. citizens, potentially setting the stage for American retaliation against the country's banks. Members of parliament's lower house voted 123 to 63 against the bill, which would have allowed Swiss banks to cooperate with the U.S. and to settle a long-running dispute over ...
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Swiss tourism market expected to record stable growth in international arrivals
The Swiss tourism market was adversely impacted by the global financial crisis, which caused a decline in tourism activity and expenditure in 2009. Although Eurozone economies weakened, Switzerland is expected to record stable growth in international arrivals over the coming years. The strengthening of the Swiss franc is one of the key reasons for the growth in outbound travel. Tourists are ...
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Swiss parliament rejects U.S. tax deal
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
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Montreux Jazz archives gain UNESCO status
A vast collection of live concert footage and audio spanning the entire 46-year history of the Montreux Jazz Festival - featuring the likes of Ella Fitzgerald, Aretha Franklin and Prince - has been given UNESCO heritage status. The "Claude Nobs Legacy", named after the former founder and director of the festival who passed away in January, comprises 5,000 hours of TV and audio ...
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Parliament re-instates medical practice limits
Parliament has green-lighted renewed limits on the number of healthcare specialists who may operate in the country. For three years starting July 1 new medical practice licenses will be restricted in some regions and costs reigned in. The only exception to the law are doctors who sought continuing education in Switzerland during a period of at least three years, a clause which was hotly debated ...
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Ukraine Georgia discuss pace of Geneva talks on security stability in Transcaucasia
KIEV, June 19 (Itar-Tass) - Ukrainian Foreign Minister, OSCE Chairman in Office Leonid Kozhara visited Georgia to discuss the pace of the Geneva talks on security and stability in Transcaucasia, Foreign Ministry deputy spokesman Vasil Zvarych told journalists on ...
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Swiss business lobby heads quit after pay vote debacle
ZURICH (Reuters) - The two heads of the main Swiss business lobby Economiesuisse announced on Wednesday they were both stepping down after the organisation came under heavy fire over its failed campaign to oppose strict controls on executive pay. Economiesuisse said in a statement that Rudolf Wehrli, who only took over as president in October, would step down at the end of August as he did not ...
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Former Lake Zurich trustee appointed to open position
Newly appointed Lake Zurich Trustee Jonathan Sprawka said keeping the village headed in the right direction with its downtown redevelopment efforts will be his top priority.Sprawka, 32, who served in the same role from 2009 until earlier this year, was appointed to the seat that was vacated when Trustee Tom Poynton was elected mayor in April. Board members unanimously approved the choice at ...
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Swiss upper house backs deal to expose US tax dodgers
Sponsored in part by Swiss govt, the 115-ft catamaran is crowned with solar panels that retract in port but open like a bird's wings to take best advantage of the sun's rays when at ...
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LCP moves further into Swiss market
Pensions and investment consultants Lane Clark & Peacock has expanded its Swiss operations with the launch of LCP Asalis. The new investment consulting practice will provide bespoke, practical investment advice to Swiss pension funds and their sponsors, and will support clients at every stage of the investment process from strategy through to implementation and monitoring. LCP ...
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Swiss economy still suffering
The prospects for the Swiss economy have changed marginally in the latest Financial Market Test Switzerland, conducted by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW). The Credit Suisse ZEW indicator of economic expectations crawled up by a mere 0.6 points to the -57.1 mark, and 65.3 per cent of financial market experts forecast further deterioration ...
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Recession looms for Swiss economy
The Swiss economy is set to slide into recession in 2009, predict experts at Credit Suisse. Switzerland’s real economy finally felt the full force of the financial crisis in late 2008. Previous to this, the country had held up considerably better than that of other industrialised nations, but economists fear that Switzerland’s gross domestic product (GDP) could decline by 0.6 ...
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Swiss economy will neither boom nor bust
The Swiss economy is expected to neither boom nor go bust in 2009, according to economists at Credit Suisse. Thus far, the Swiss economy has proven to be robust, and although the current economic climate has had a negative impact on perception, it has had little reflection in the economic data. Economists say that the Swiss economy, despite seeing economic growth below its potential, will ...
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Zurich Ireland outperforms market despite slump in new Life Insurance business
The Irish branch of Zurich (Eagle Star Life) has revealed that for the six months ending June 2008 it has outperformed the market, with Pensions Annual Premium new business of €47.4 million. The same period in 2007 saw figures of €42.8 million, 11 per cent less than the current situation. This outperformed the market average of zero per cent for regular premium business. ...
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Aberdeen opens in Zurich
Aberdeen Asset Managers (Aberdeen) has opened new offices in Zurich, allowing enhanced levels of business in Switzerland, where the group has already been present for ten years. Aberdeen employs over 1,800 staff world-wide in 20 countries, and has investment centres in three time zones through London, Philadelphia and Singapore. At 31 March 2008, total group assets under management and ...
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Swiss Stocks Advance Before Fed Comments on Stimulus
Swiss stocks rose before Federal Reserve policy makers wrap up a meeting today that may shed light on future monetary policy in the world's largest economy. SGS SA, the world's largest product-inspection company, ...
Switzerland Featured
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Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
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