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The Latest Breaking News from Geneva

Bank takeover prevented Swiss economy collapse: minister

Geneva (AFP) - Swiss Finance Minister Karin Keller-Sutter said Switzerland's economy would probably have collapsed had Credit Suisse gone bankrupt, in an interview published Sunday.

AFP

Credit Suisse failure 'would have crashed Swiss economy'

GENEVA: Switzerland’s finance minister says the country’s economy probably would have collapsed had Credit Suisse gone bankrupt.

Bangkok Post

Climate change spurring surge in dengue, chikungunya: WHO

Geneva (AFP) - The World Health Organization warned Wednesday that dengue and other diseases caused by mosquito-borne arboviruses were spreading far faster and further amid climate change, warning global outbreaks could be looming.

AFP

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Switzerland scraps Credit Suisse execs' bonuses

Geneva (AFP) - The Swiss government said Wednesday it would scrap the outstanding bonuses of Credit Suisse's executive board following the bank's implosion and emergency takeover by rival UBS.

AFP

WTO sees 'subpar' 2023 global trade growth

Geneva (AFP) - The World Trade Organization said Wednesday that 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed down by the Ukraine war and stubbornly high inflation.

AFP

Montreux Jazz Festival unveils lineup starring Janelle Monae, Bob Dylan and Lil Nas X

Montreux Jazz Festival takes place this summer across two weeks and multiple venues, with The Independent as the event’s exclusive global media partner

The Independent UK

UBS shareholders to weigh in on Credit Suisse mega-merger

Geneva (AFP) - UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to Credit Suisse, done in double-quick time behind their backs.

AFP

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Israeli mining magnate loses appeal in Swiss corruption case

Geneva (AFP) - French-Israeli mining tycoon Beny Steinmetz largely lost on Tuesday his appeal in Switzerland against a 2021 corruption verdict linked to mining rights in Guinea.

AFP

Geneva appeals court upholds conviction of Israeli tycoon

A Geneva appeals court has upheld the conviction of Israeli diamond magnate Beny Steinmetz for corrupting foreign officials

The Independent UK

Global art market up slightly at $67.8 billion in 2022

Geneva (AFP) - The art market rose slightly to $67.8 billion last year despite an uncertain global climate, thanks to high-end and digital sales, an annual report said on Tuesday.

AFP

Luxury watchmakers woo Generation Z with Snapchat and bitcoin

Geneva (AFP) - Luxury watchmakers are using Snapchat and bitcoin to woo Generation Z, unused to wearing something on the wrist, believing younger buyers could become a powerful driver of sales growth for top-end timepieces.

AFP

Swiss prosecutors say investigating UBS-Credit Suisse merger

Geneva (AFP) - Swiss federal prosecutors said Sunday that they had opened an inquiry into the UBS takeover of its embattled banking rival Credit Suisse, following pressure from federal authorities and media leaks.

AFP

Swiss watchmakers counting the clock until Chinese tourists return

Geneva (AFP) - Switzerland's major luxury watch brands are cautiously optimistic that Chinese tourists will boost sales this year, if they return to Europe in large numbers after the easing of domestic Covid restrictions.

AFP

'Climate lockdown' anger drives Swiss grandmother to sue Bern at European court

Last summer while dozens of Swiss pensioners were campaigning in the Alps to save their fast-melting glaciers, 85-year-old Marie-Eve Volkoff was instead stuck inside her small Geneva apartment watching pre-recorded TV programmes.

Reuters

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AFP

Geneva watch show opens in throes of banking turmoil

Geneva (AFP) - The Geneva watch fair opened Monday buoyed by booming growth in the watchmaking industry, but insiders warily eyed the banking sector turmoil, evoking painful memories of the 2008 financial crisis.

Rolex wows us with new Daytona and 'bubble-dial' Oyster Perpetual

Watches and Wonders kicks off in Geneva with a whole range of new models from Rolex

AFP

UBS, Credit Suisse tie-up may not lead to Swiss bliss

Geneva (AFP) - The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday.

AFP

Credit Suisse collapse leaves sports sponsorships in limbo

Geneva (AFP) - The takeover of Swiss bank Credit Suisse leaves many sports stars, teams and tournaments with a big question mark hanging over their lucrative sponsorship deals.

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AFP

Swiss brace for major job losses after Credit Suisse buyout

Geneva (AFP) - Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.

The Independent UK

Watch from Geneva as the IPCC releases its sixth synthesis report

Watch from Geneva as the Intergovernmental Panel on Climate Change releases its sixth synthesis report.

AFP

Credit Suisse buyout faces harsh criticism at home

Geneva (AFP) - UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.

Daily Record

Jet2 flight sends out distress signal as it flies towards Scottish airport

The plane took off from Geneva in Switzerland at roughly 12.20pm and was expected to touch down at Edinburgh Airport at approximately 1.50pm

Edinburgh Live

Edinburgh Jet2 plane sends on flight medical emergency warning

Jet2 have confirmed that the flight was forced to send out an emergency code transmission after a passenger on the flight from Geneva to Scotland required medical attention.

Bangkok Post

Cyber leader

The International Telecommunication Union and the UN recently hosted WSIS Prizes 2023. Advanced Info Service (AIS) showcased its Aunjai cyber capabilities and won in the category of programs using technology to build confidence and security in the use of ICT. Saichon Submakudom, second from right, head of PR at AIS,…

AFP

US candidate for UN migration chief vows 'new vision'

Geneva (AFP) - The International Organization for Migration has an antiquated way of approaching its mission and desperately needs renewal, the UN agency's second-in-command with designs on the top job told AFP.

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