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The Latest Breaking News from Zurich

Credit Suisse chairman ‘truly sorry’ for failure to stem crisis

ZURICH: Credit Suisse Group AG Chairman Axel Lehmann apologized to shareholders for failing to stem a loss of trust in the bank that he said had built up well before he took over.

The Times of India

Rare T-Rex skeleton to go under the hammer in Switzerland

Millions of years after dinosaurs ruled the Earth, the skeleton of a giant Tyrannosaurus Rex was introduced to the public in Switzerland on Wednesday ahead of its auction next month.

Reuters

Ermotti back as UBS chief for Credit Suisse takeover

ZURICH: Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

Bangkok Post

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Unforgotten series five, episode five recap – TV doesn’t get more head-spinning than this

Did Precious have a ‘sugar daddy’? Why was she blackmailing Karol? And will Hume make it to Zurich? A revelatory hour left us tantalisingly poised for the finale

The Guardian - UK

The world’s coolest second cities, from Milan to Mumbai

Skip the headline act and opt for a more stimulating stay in one of these underrated second cities

The Independent UK

Views from Zurich as Swiss bank Credit Suisse taken over by rival UBS

Watch from Zurich as news breaks that Credit Suisse will be taken over by its larger rival, UBS.

The Independent UK

Credit Suisse shares slump 64% after UBS deal

LONDON/ZURICH: Shares in Credit Suisse dropped 64% after the market opened on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.

Bangkok Post

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Credit Suisse bounces back but investors cautious

ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Bangkok Post

Credit Suisse says it will borrow up to $53.7bn from central bank

ZURICH: Credit Suisse announced Thursday that it would borrow almost US$54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.

Bangkok Post

Credit Suisse to borrow up to $54bn amid banking crisis fears

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

Al Jazeera

Credit Suisse woes rock Wall Street

Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.

Bangkok Post

Major letting agreed at former Zurich Insurance HQ in Gloucestershire

Polo Works, a commercial insurance service provider, will move 300 of its staff into the Grange business park this summer

Birmingham Post

Alfa Romeo’s mystery F1 2023 launch floor was a total fake

The Hinwil-based operation was the first squad to unveil a genuine 2023 challenger earlier this year at an event it held in Zurich.

Motorsport

Alfa Romeo's mystery F1 2023 launch floor revealed as a fake

The Hinwil-based operation was the first squad to unveil a genuine 2023 challenger earlier this year at an event it held in Zurich.

Autosport

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The Independent UK

Lewis Capaldi ‘devastated’ after doctor advises him to postpone Zurich and Milan shows

‘As lots of you know for the past few nights of tour I’ve been really struggling with my voice,’ singer wrote

Evening Standard

Lewis Capaldi issues apology to fans as he postpones two gigs after bronchitis diagnosis: ‘I’m devastated’

The singer has postponed his Zurich and Milan shows in the wake of his health woes

Manchester Evening News

Lewis Capaldi left 'devastated' after he's forced to postpone Zurich and Milan shows due to ill health

The Scottish singer announced the devastating news on his social media on Monday

Daily Record

Lewis Capaldi issues heartfelt apology to fans as bronchitis diagnosis sees two world tour gigs postponed

The Pointless singer admitted he was "absolutely devastated" to postpone his Zurich and Milan shows due to advice from the "voice doctor" after a bronchitis diagnosis.

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The Guardian - UK

In living colour: the forgotten photographs of Werner Bischof

The photographer’s colour images have been restored by his son, and document the rubble of Europe after the second world war and much more

The Guardian - UK

Bankers on trial in Zurich accused of aiding man known as ‘Putin’s wallet’

Four Gazprombank executives accused of ‘due diligence’ failure in helping Sergey Roldugin deposit millions of Swiss francs

The Guardian - UK

‘One billionaire at a time’: inside the Swiss clinics where the super-rich go for rehab

The long read: For the ultra-wealthy and the super-famous, regular therapy won’t do

Bristol Post

Bristol Airport launches Zurich flights to link city with Switzerland and Alps

Bristol is apparently one of the most popular UK cities for Swiss visitors

Birmingham Post

Bristol Airport flights to Switzerland launched, creating 'huge' trade opportunity

Switzerland’s national airline SWISS is planning to increase the frequency of it service between the South West transport hub and the country’s financial centre

The Guardian - UK

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

Tribune News Service

Yellen sets surprise meeting with China’s vice premier in Switzerland

WASHINGTON — U.S. Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Wednesday in Zurich, making a detour on her way to talks in Africa.

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