Latest Switzerland News
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Swiss Parliament Nixes Tax Deal With U.S.
Switzerland's efforts to settle a long-standing tax evasion dispute with the United States hit a roadblock Tuesday when the lower chamber of the Swiss parliament rejected a government bill that would help solve the matter. The new law lays the groundwork for banks to reach settlements with US authorities by softening banking secrecy rules so Swiss banks can provide information about ...
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Federal judge frees Geneva College from government requirement on health coverage
A federal judge on Tuesday temporarily blocked the government from requiring a private college in Beaver County to include coverage for abortifacients in the health insurance plan for its ...
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Swiss Art Mimics Banks by Luring Foreign Millionaires
Zurich's auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family. Away from the glamor of Art Basel -- ...
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Secretary-General Welcomes G8s Commitment to Bring Syrian Sides to Negotiating Table Stands Ready to Convene Geneva Conference
The Secretary-General welcomes the understandings reached on Syria by G8 leaders today in their ...
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Lake Zurich board honors lacrosse state champs
Lake Zurich Mayor Thomas Poynton (far left, in white shirt) joins Lake Zurich High School players and coaches Monday with the state championship trophy they won earlier this month. Poynton earlier read a village proclamation congratulating the team on its ...
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Tearjerker of an ending for Simon at Lake Zurich
Lake Zurich head baseball coach Gary Simon, shown here congratulating Sean Eder after a home run in 2011, will not return for a 14th season with the ...
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Switzerland refuses to reopen graft cases against Zardari
15 ISLAMABAD: A letter written to Pakistan by Switzerland Tuesday revealed that the corruption cases cannot be reopened against President Asif Ali Zardari in any Swiss court of law.Pakistan's law ministry, which received the Swiss government's response to the letter written to it by the government of Pakistan following the apex court's order in the NRO case, opened the sealed ...
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Defending champ David Ferrer falls to Malisse in Netherlands upset
Xavier Malisse in an upset. Ferrer, ranked fourth in the world, tumbled to the Belgian grass court specialist 7-6 (7-3), 6-3 in the opening round at Autotron Rosmalen. The Spaniard was seeking to repeat in the Netherlands after downing German Philipp Petzschner in last year's finale. Malisse, meanwhile, notched just his 16th win 57 all-time matches against Top 10 players. Elsewhere ...
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Switzerlands lawmakers reject deal to end US tax spat
This is a bitter lesson to us: In matters concerning Pakistan one should not totally trust the US. They would do anything to ensure that no harm came to Pakistan, said ...
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Zurich Hotel Invites Guests to Live Life to Discover During Renaissance Hotels Global Day of Discovery
View Photo As part of Renaissance Hotel's unique global campaign, "Day of Discovery," the Renaissance Zurich Hotel will be inviting visitors to get a glimpse of one of the best new sports cars, the Jaguar XKR-S convertible. Click here for high-resolution ...
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Paramount srtikes deal to distribute Swiss-made films in Germany
Paramount Pictures, one of the California movie industry's biggest studios, will distribute movies made by a Swiss independent film company in Germany, it was learned this week. The ...
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UPDATE 3-Swiss parliament stalls progress of U.S. tax deal
Tue Jun 18, 2013 12:37pm EDT * Lower house votes against debate * Government warns of pending U.S. indictments * Bern scrambles to limit potential damage if bill rejected * More than a dozen banks under investigation * Bill referred back to upper house for debate, vote By Katharina Bart ZURICH, June 18 (Reuters) - Switzerland's lower house of parliament has stalled a government bid to ...
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Swiss law body stalls bank bill
Switzerland's lower house of parliament has stalled the government's bid to protect the country's banks from criminal charges in the US for helping wealthy Americans evade tax.The lawmakers refused to address a bill aimed at allowing banks to sidestep strict Swiss secrecy laws by disclosing their US dealings to prosecutors, which would help them to strike deals expected to include ...
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Swiss banks US tax-evasion deal on hold
Switzerland’s lower house of parliament has stalled progress on a tax-evasion deal with the US government. Washington is chasing wealthy Americans with cash in secret accounts in banks there. The Swiss government wants to pass a law allowing banks to sidestep the country’s strict secrecy rules and disclose some account holders’ details to US prosecutors. Banks will not be ...
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Swiss Balk at Bank Disclosures to US Authorities
Swiss lawmakers are balking at ending the country's long-time bank secrecy tradition so the financial institutions can tell U.S. authorities about suspected American tax ...
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Former UBS trader charged in Libor case
City of London police have charged a former UBS trader with eight counts of conspiracy to defraud, as part of the investigation into the manipulation of the London interbank offered rate, or Libor, uncovered last year. Britain's Serious Fraud Office says the 33 year old, who also worked for Citigroup, was charged in London on Tuesday with conspiracy to defraud in connection with the ...
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China eyes early Geneva meeting on Syria warns against escalation
The priority for resolving the Syrian conflict is to hold the Geneva peace conference and avoid any action that may escalate tensions, a Foreign Ministry spokeswoman said Tuesday."It is urgent to hold the second peace conference in Geneva as soon as possible and avoid any action that might escalate the situation," spokeswoman Hua Chunying said at a daily press briefing.Hua's ...
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Swiss bank accounts get to stay secret
Credit Suisse is one of hundreds of Swiss banks facing possible U.S. legal action after the Swiss parliament blocked legislation that would have allowed the sharing of account information with U.S. tax ...
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Swiss lawmakers nix bank deal with U.S.
Credit Suisse is one of hundreds of Swiss banks facing possible U.S. legal action after the Swiss parliament blocked legislation that would have allowed the sharing of account information with U.S. tax ...
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Switzerland Pushes Back Against Tax Deal
Swiss Parliament Pushes Back on US Banks Deal ZURICH--Swiss lawmakers have heightened the tension surrounding a plan for the country's banks to collectively come clean to U.S. authorities about their dealings with suspected American tax evaders. The lower house of Switzerland's parliament voted against adopting a plan for banks to step around the Alpine nation's banking ...
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Swiss Parliament Pushes Back on US Banks Deal
ZURICH--Swiss lawmakers have heightened the tension surrounding a plan for the country's banks to collectively come clean to U.S. authorities about their dealings with suspected American tax evaders. The lower house of Switzerland's parliament voted against adopting a plan for banks to step around the Alpine nation's banking secrecy laws and start handing information to the ...
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Swiss bill on bank secrecy blocked
The lower house of Switzerland's parliament has rejected a bill that would allow Swiss banks to pass client information to the US tax authorities. The bill is the result of pressure from the US following revelations that Swiss banks had helped American account holders to evade taxes. The US had demanded action by 1 July, but the Swiss parliament summer session ends this week. The bill ...
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G8 leaders work to develop Syria statement acceptable to all
Group of Eight leaders worked to develop a statement on Syria acceptable to nations wanting a transition of power and Russia, an ally of the Syrian government. Accounts differed from officials Tuesday morning at the G8 summit in Northern Ireland on the prospects of developing a substantive agreement on Syria and the fate of its president, Bashar Assad, to which Russia might sign on, The New ...
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RPT-Fitch Taxable CEFs remain an attractive lending segment under Basel III
Tue Jun 18, 2013 9:03am EDT (Repeat for additional subscribers) June 18 (Reuters) - (The following statement was released by the rating agency) Basel III banking capital requirements are expected to increase borrowing costs across lending segments, and potentially result in diminished availability of bank-provided credit as banks may focus on reducing their exposure to lower rated and more ...
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Lake Zurich may allow permits for alcohol in parks
A sign at the entrance to Henry J. Paulus Park in Lake Zurich warns against bringing alcohol into the park. That could change if the village passes a proposed ordinance ...
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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