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The Latest Breaking News from Switzerland

Swiss parliament fumes over Credit Suisse collapse

Bern (Switzerland) (AFP) - The Swiss parliament voiced its fury on Tuesday at the collapse of Credit Suisse and how the rules intended to prevent such a major bank from getting itself into trouble completely failed.

AFP

Swiss president says Credit Suisse rescue averted catastrophe

Bern (Switzerland) (AFP) - Swiss President Alain Berset told lawmakers Tuesday that letting banking giant Credit Suisse collapse would have triggered a catastrophe, as he defended the orchestrated takeover by UBS.

AFP

Fearing China, Switzerland Sacrifices Scientific Ties With Taiwan

Switzerland has so far refused to strengthen scientific cooperation with Taiwan, citing respect for the One China policy and fearing economic repercussions from Beijing.

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Swiss lawmakers pick apart Credit Suisse woes ahead of deal

Switzerland’s parliament is opening a special session to scrutinize the state-imposed takeover of Swiss bank Credit Suisse by rival UBS

The Independent UK

Credit Suisse rescue receives initial snub from Swiss parliament

Switzerland's parliament on Tuesday failed to approve the 109 billion Swiss francs ($120.5 billion) of financial guarantees used to rescue Credit Suisse last month, in a first-round vote that was largely symbolic given the state had committed the funds.

Reuters

Super-rich abandoning Norway at record rate as wealth tax rises slightly

Flood moving abroad has come as a shock and is costing tens of millions in lost tax receipts

The Guardian - UK

Yemen Postpones Prisoners' Exchange Deal 3 Days

The legitimate Yemeni government and the Houthi group announced they would postpone the prisoner exchange deal agreed upon in Switzerland for three days. The exchange was supposed to take place on April 11. The delay came amid international and regional efforts to agree to extend and expand the Yemeni ceasefire,…

Asharq Al-Awsat

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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

Were we wrong? Is the Fujifilm X-Pro range about to rise from the dead?!

Fujifilm Switzerland has Photoshopped a different screen onto the X-Pro3, could it be a sign of things to come?

Digital Camera World

Climate change activists glue themselves to road to Alpine tunnel

Climate change activists brought holiday traffic to a halt in Switzerland on Friday when they blocked the main route beneath the Alps to demand urgent action against global warming.

Reuters

This European nation is officially the most creative online

Europe leads the way in online creativity and website development

TechRadar

Swiss gold or smuggled Zimbabwean gold? No one knows

A complex gold smuggling and trading system means there is no clean gold, an Al Jazeera investigation shows. Here’s why.

Al Jazeera

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

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AFP

UBS says Credit Suisse merger the right choice despite risks

Basel (Switzerland) (AFP) - UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks -- but still the right decision.

The Independent UK

Swiss regulators defend rescue of Credit Suisse via UBS deal

The head of the Swiss financial regulator has defended the rescue of Credit Suisse through a controversial takeover by rival bank UBS as the best solution with least risk of spreading a wider crisis and severe damaging Switzerland’s standing as a financial center

Daily Mirror

UEFA Women's Euro 2025 hosts confirmed as Lionesses look to retain title

Switzerland have won the race to host the UEFA Women's Euro 2025, fending off competition from France, Poland and a joint-bid from four Nordic countries

The Independent UK

Switzerland chosen to host Women’s Euro in 2025

The Swiss bid was selected at a meeting of UEFA’s executive committee on Tuesday.

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AFP

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.

Daily Mirror

Nintendo will now repair Joy-Cons for free – even if your warranty has expired

The policy, which was already in place in the USA, will now take effect in the UK, EEA and Switzerland.

Newsroom.co.nz

The Swiss holes in anti-Aukus rhetoric

The New Zealand public deserves a debate over growing militarisation in our region, and what it would mean to become a "Switzerland of the South Pacific".

GamesRadar

Nintendo will now fix Joy-Con drift issues for free in the UK, even if the controller's warranty has expired

Free repairs are being offered to players in the UK, EEA, and Switzerland "until further notice"

AFP

Sergio Ermotti: George Clooney of Swiss banking back as UBS boss

Zurich (AFP) - Sergio Ermotti, back as chief executive of UBS to oversee the mammoth takeover of Credit Suisse, has gone from local apprentice to the two-time boss of a top global bank.

Al Jazeera

‘More freedom’: Why a Cameroonian man returned to Ukraine

Despite the war in Ukraine, for Nelly Nelson, Lviv feels like a second home and a place where people ‘enjoy life’.

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.

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