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The Latest Breaking News from Switzerland

UBS to buy Credit Suisse for nearly $3.25 billion to calm turmoil in banking industry

Credit Suisse’s buyout by UBS was arranged by banking regulators worried that Credit Suisse’s failure could have repercussions similar to the collapse of Lehman Brothers.

Chicago Sun-Times

World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse

Beleaguered bank Credit Suisse is bought out by Swiss rival UBS, with the nation's president saying an uncontrolled collapse would have had "incalculable consequences" for the international finance system.

ABC News

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

Daily Record

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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,…

Bangkok Post

Near 'cliff's edge,' Credit Suisse not seen as systemic risk

Longtime troubles at Credit Suisse have come to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe

The Independent UK

Man City handed tricky Champions League quarter-final and potential semi-final opponents

The draw for the Champions League quarter-finals and semi-finals took place in Switzerland on Friday morning.

Manchester Evening News

Nicholas Goldberg: Whose cheese is it anyway? The Swiss ponder the international politics of gruyere

Switzerland is a small country that is not known for too many things. It's got its cheese, its banks, its mountains, its neutrality, its watches, its pocketknives and its chocolate.

Los Angeles Times

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Newcastle United star Fabian Schar 'injured' and not included in Switzerland squad

The centre-back is not involved for Euro 2024 qualifiers against Belarus and Israel

Chronicle Live

OPINION - The Standard View: Go big and and act fast – the lessons learned from the global financial crisis

Shares in Credit Suisse lost more than a quarter of their value at one stage yesterday after the Swiss bank said it had identified “material weakness” in its financial reporting. The institution revealed that it would borrow up to 50 billion Swiss francs (£35 billion) from Switzerland’s central bank to fortify its…

Evening Standard

Credit Suisse shares soar after the bank secures a $54 billion lifeline

Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.

WEKU

Credit Suisse surges 40% on lifeline, fueling bank-stock rally

PARIS: Credit Suisse Group AG shares surged as much as 40% after Switzerland’s central bank stepped in to support the lender, triggering a rally in bank stocks across Europe on easing investor concern that the firm’s troubles would trigger a global banking crisis.

The Times of India

FTSE 100 Live: Top US banks in First Republic rescue, FTSE closes at 7410 as Credit Suisse fears ease

Credit Suisse’s move to borrow up to £44 billion from Switzerland’s central bank today led to a calmer session after yesterday’s turmoil for European banking stocks.

Evening Standard

Credit Suisse to borrow up to $54 billion from central bank after shares plunge

Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the United States.

France 24

Europe, US futures rally on Credit Suisse funding

Futures for European and U.S. equity futures advanced, Asian stocks pared losses and Treasuries fell Thursday as news that Credit Suisse Group AG would borrow money from Switzerland’s central bank provided a measure of calm for investors.

Tribune News Service

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The Conversation

Sasha Huber’s You Name It: Swiss-Haitian artist renegotiates colonial history in activist exhibition

In 2008, Sasha Huber, a Swiss-Haitian multimedia visual artist based in Finland, began a project to challenge the problematic legacy of Swiss-American glaciologist and natural scientist Louis Agassiz (1807-1873).

Evening Standard

How to watch Europa Conference League draw: TV channel and live stream today as West Ham await quarter-finals

West Ham continue strong European progress despite their continued Premier League struggles

Al Jazeera

Older Swiss women take government to court over climate

European Court of Human Rights to hear case brought by women who say officials must do more.

Reuters

Switzerland detects case of atypical mad cow disease

Switzerland reported a case of bovine spongiform encephalopathy (BSE) in the eastern region of Grisons, the World Organisation for Animal Health (WOAH) said on Tuesday, citing Swiss authorities.

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The Independent UK

Women’s World Cup: Who are England playing and what is their group?

England will go into the World Cup as one of the tournament favourites after winning the Euros

Bangkok Post

Governments vet crucial UN climate science report

PARIS: Diplomats from nearly 200 nations and top climate scientists began a week-long huddle in Switzerland on Monday to distil nearly a decade of published science into a 20-odd-page warning about the existential danger of global warming and what to do about it.

Tribune News Service

Vahe Gregorian: Believe: As ‘Ted Lasso’ returns, Jason Sudeikis is still astounded by its impact

KANSAS CITY, Mo. — During a Zoom news conference last week featuring six “Ted Lasso” cast members, questions were submitted from news outlets all over the world: Argentina, Australia, Brazil, Canada, Chile, Colombia, India, Italy, Japan, Spain and Switzerland.

Leeds Live

Wilfried Gnonto on how leaving home at 16 has helped him thrive at Leeds United

Gnonto joined Zurich at just 16 and spent two years in Switzerland

Bangkok Post

Swiss city Lucerne votes to restrict Airbnb rentals

GENEVA - The Swiss city of Lucerne voted Sunday to limit short-term rentals, including on the Airbnb platform, to a maximum of 90 days a year.

Bangkok Post

T-Rex skeleton to go under the hammer

GENEVA: A Tyrannosaurus-Rex skeleton dating back 67 million years will be auctioned in Switzerland next month, marking the first such sale in Europe, the auction house said on Saturday.

Reuters

Swiss government refuses re-export of arms to Ukraine

Switzerland's government said on Friday it will not change its long-standing policy banning the transfer of Swiss-made arms to a third country despite growing pressure from European nations to export them to Ukraine.

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