Latest Switzerland News
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HKs first Art Basel fair to lift arts status
The first Art Basel fair to be hosted by Hong Kong boasts a prestigious array of international art, highlighting the city's new role as a global arts hub amid an explosion of personal wealth in mainland China. The four-day annual show is the world's premier art fair and has until now only been held in Switzerland and the United States. On Wednesday wealthy VIPs flocked to the ...
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Refugees struggle to survive in new Lebanese homes
Traumatised by the horrors of war, waves of Syrians continue to pour into Lebanon despite difficult living conditions in the tiny Mediterranean country - a quarter of the size of Switzerland with a population of four million. "I had to flee with our two girls and leave my husband behind and I'm going to deliver in less than one monthI don't know how I'm going to cope on ...
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Resettling the vulnerable who cannot go home
Resettlement in the West for the most vulnerable of the more than 1.5 million people who have fled Syria is as good as winning the lottery. For its part, Switzerland has only taken a handful and there are obstacles to opening the door wider. "We fled Iraq due to the war and now we've fled Syria due to another war. We just don't know what's happening with our future or what ...
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Life in Jordans desert city
Jordan's Zaatari refugee camp is home to 170,000 people from Syria who have fled the fighting. While camps are the more visible part of the refugee crisis, the majority of refugees in Jordan live in towns and cities where they face different problems. Rents have tripled over the past six months as landlords cash in on the new demand for housing. Swiss photographer Olivier Vogelsang visited ...
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Swiss Stocks Erase Advance as Richemont Baer Retreat
benchmark Swiss Market Index fell 0.1 percent to 8,312.16 at 11:04 a.m. in Zurich, having previously climbed as much as 0.4 percent. The gauge closed yesterday at its highest level since January 2008. The Swiss Performance Index dropped less than 0.1 percent today. Federal Reserve ...
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Swiss court grants SNC special status in fraud case against former executive
A panel of Swiss judges has granted special intervenor status to SNC-Lavalin in the prosecution of a former senior SNC executive after the Montreal-based engineering giant alleged that the executive, Riadh Ben Aissa, defrauded the company of $50-million (U.S.).In a recently released decision from the Swiss federal court, the judges detailed how SNC sent an estimated $130-million to two companies ...
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VIDEO Swiss bank secrecy under pressure
EU leaders have gathered in Brussels for a summit where talks are set to be dominated by how to tackle tax evasion. Tax evasion costs EU states 1tn euros ($1.3tn; 0.85tn) a year, partly to tax havens, including non-EU-member Switzerland. And pressure is mounting on the country to abandon its long tradition of banking secrecy. Imogen Foulkes ...
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The swiss franc closed higher on Tuesday
The EURO closed higher due to short covering on Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May's high, April's low crossing is the next downside target. ...
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Swiss stocks - Factors to watch on May 22
ZURICH | Wed May 22, 2013 1:23am EDT ZURICH May 22 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Wednesday: UBS UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to publish misleading research reports. For related news, click ...
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Lake Zurich fights back against food allergies
Dietitian Laura Burk talks about food allergies at the Ela Area Public Library during National Food Allergy Awareness Week. | Michael Schmidt~Sun-Times ...
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CORRECTED-Amag investigates anemia drug after report of death in Switzerland
Tue May 21, 2013 8:24pm EDT (Corrects headline to "investigates." Amag did not say the drug caused the fatality.) May 21 (Reuters) - Amag Pharmaceuticals Inc said its marketing partner in Switzerland, Takeda Pharmaceutical Co Ltd, is recalling a batch of Amag's anemia drug, Rienso, because of a death and several cases of hypersensitivity. Amag shares were down about 5 percent at ...
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Zurich Insurance eyes RM10 million in premiums from new products
KUALA LUMPUR: Zurich Insurance Malaysia Bhd (Zurich Insurance), which launched two new insurance schemes is optimistic the products would earn the company a premium income of RM10 million in five years, said General Insurance president Sia Chon Ming.He said the company has set a premium target of RM2 million for its Z-Corporate Travel Insurance and RM1 million for Z-Travel (Domestic/Inbound) ...
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Amag says anemia drug caused fatal reaction in Switzerland
(Reuters) - Amag Pharmaceuticals Inc said its marketing partner in Switzerland, Takeda Pharmaceutical Co Ltd, is recalling a batch of Amag's anemia drug, Rienso, because of a death and several cases of ...
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Prehistoric crocodiles ruled the roost in South America study finds
Modern alligators and crocodiles rarely share the same environments but that was not true of their prehistoric ancestors in South America, paleontologists say. From 9 million to 5 million years ago the deltas of the Amazonas and the Urumaco, a river on the Gulf of Venezuela that no longer exists, boasted an unparalleled abundance of extremely diverse, highly specialized species of crocodile, ...
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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