Latest Switzerland News
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Parliament puts spanner into tax row settlement
The House of Representatives has given short shrift to a planned law allowing Swiss banks to hand over data of suspected tax dodgers to the United States. However, the parliamentary procedure will ...
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Swiss Lower House Deflects Plan for Banks Deal With US
By John Letzing ZURICH--The lower house of Switzerland's Parliament voted against adopting a controversial plan for banks to step around the Alpine nation's banking secrecy laws and hand information about their dealings with American tax cheats to U.S. authorities in the hope of reaching a sweeping resolution. The vote sends the measure back to the upper house, which approved it ...
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Charting new brain territories
The Lake Geneva region, and the Federal Institute of Technology in Lausanne (EPFL) in particular, is fertile territory for medical technology research and the creation of start-ups. Expectations are high about the impact of the Human Brain Project, an ambitious EUR1 billion (CHF1.2 billion) programme funded by the European Union exploring new ways of mapping the human brain and led by a team at ...
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Lake Zurich hosts inaugural Iron Girl triathlon
Competitors in the inaugural Athleta Iron Girl Lake Zurich listen to the National Anthem before starting the race Sunday. | Cynthia Wolf~For Sun-Times ...
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VIDEO Switzerland vote on bank secrecy
As world leaders grapple at the G8 with the thorny issue of tackling tax evasion - Switzerland's parliament is set to vote on a controversial bill on Tuesday which would allow Swiss banks to pass client information to the US tax authorities. The deal is the result of huge pressure from Washington, in the wake of revelations that some Swiss banks helped American account holders to evade ...
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Expanding Switzerland’s ‘Health Valley’
Backed by billionaires, a major new biotech research initiative in Geneva dubbed 'Campus Biotech' looks set to shift Switzerland's 'Health Valley' up a gear. Coming after major job losses in the region, it is receiving a cautious ...
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White House aide Finding G8 unity on Syria key
Seeking consent on Syria amid a West-Russia schism over its future is a key job of Group of Eight leaders ending their summit Tuesday, a White House aide said. "I think it's fairly evident that there's a difference of view on Syria between the United States and some of our -- well, the former G7 -- and Russia," White House deputy national security ...
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Switzerland Withholds EUR615m In 2012 In EU Interest Tax
According to the Swiss Federal Department of Finance, gross revenue generated from the system of tax retention on interest payments made in Switzerland to European Union (EU) taxpayers, amounted to CHF615.4m (USD666.6m) for the 2012 tax year. This figure compares with the CHF506.5m withheld by the Confederation in 2011. In compliance with the agreement between Switzerland and the EU on the ...
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Lake Zurich trustees vote in favor of forgoing pensions
Lake Zurich trustees Monday night voted in favor of ending their participation in the Illinois Municipal Retirement Fund pension plan because they don't work enough hours to qualify. As part of a random audit, IMRF required Lake Zurich to provide certification that the position of trustee requires a minimum of 1,000 hours ...
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Catbot Swiss ‘cheetah-cub’ robot gets feline biomechanics
Transport Swiss scientists are challenging nature, constructing a 'cheetah-cub' robot that imitates a cat's movements. Though it still lacks a head for guidance and its electricity-supplying tail is way too long, it could be used for exploration and rescue. The quadruped robot with finely mimicked feline morphology was designed at the Biorobotics Laboratory (Biorob) at Ecole ...
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Carl Elsener Businessman who transformed the Swiss Army Knife into a global product
Starting as a teenage apprentice cutler, Carl Elsener went on to turn a relatively simple penknife into the global phenomenon that is the multi-functional Swiss Army Knife. He worked for the Swiss family firm Victorinox for 70 years, 57 of them as CEO, and retained the honorary, almost spiritual title "Senior Leader" until his death at the age of ...
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Swiss Bankers Stripped of Secrecy as Minister Embraces Data Swap
For almost eight decades, many Swiss bankers had an easy job taking in often untaxed money from wealthy customers from around the world. Now, the country's first female finance minister is changing the ...
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United Nations urges global efforts to respond to drought
United Nations officials say global action is needed to improve responses to the threat of drought around the world. Countries must work collectively to build resilience and prepare themselves against drought, officials said Monday. "Droughts are hard to avert, but their effects can be mitigated," ...
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Government condemns alleged US snooping
The Swiss government has described the systematic internet monitoring allegedly practised by the US intelligence service, NSA, as an "excessive infringement of the private sphere", whose protection is guaranteed by the federal ...
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GCC Labor representatives hold talks with ILO in Geneva
Geneva, June 17 (BNA) -- Director General of the GCC Labour and Social Affairs Ministers Council Executive Bureau Aqeel Ahmed Al-Jassim stressed the necessity of benefiting from training programs offered by the International Training Centre of the International Labour Organization (ILO), Turin, adding the GCC countries need to strengthen the capacity of the ministries' administrative and ...
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Foreign banks in Switzerland favour US bank deal
0 ZURICH: Foreign banks based in Switzerland called on Monday for a rapid resolution of a dispute with Washington over Swiss banks' role in tax evasion by Americans, warning the prolonged uncertainty was putting entire financial institutions at risk.Alfredo Gysi, who heads the Association of Foreign Banks in Switzerland, told reporters in Zurich he hoped the lower house of the Swiss ...
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Mars Nestle Hershey accused of price-fixing
By Ian Johnston, Staff Writer, NBC News Nestle, Mars and Hershey companies in Canada have been charged with conspiring with others to fix the price of chocolate, authorities said.Nestle Canada and Mars Canada both said they would "vigorously defend" themselves against the claims.Canada’s Competition ...
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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