Tag Archive: Latest news

Swiss regulator censures Bank Syz over money laundering

The Swiss financial market regulator FINMA has reprimanded Bank Syz for breaching money laundering rules involving a business relationship with an Angolan client.

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Parliament clarifies federal government powers to manage Covid-19 crisis

Measures put in place by the federal government to help manage the coronavirus crisis can be officially extended thanks to a decision by parliament.

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Toxins found in popular Swiss tourist spot

Carcinogenic toxins have seeped into the groundwater at the Blausee in the Bernese Oberland, killing thousands of fish, say the owners of the lake’s fish farm. They point the finger at companies renovating the Lötschberg summit tunnel and the authorities.

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Merger rumours boost UBS and Credit Suisse shares

Shares of Credit Suisse and UBS moved to the top of SMI stocks on Monday morning after a media report said the Swiss banks were planning a merger.

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Swiss Tourism Industry demands new Covid-19 Quarantine Regime

Foreign visitors from Covid-19 high risk countries should be able to travel to Switzerland with negative corona tests and not have to go into quarantine, say tourism officials. Under Swiss regulations, anyone entering Switzerland from one of the high risk coronavirus countries on a list regularly updated by the Federal Office of Public Health must go into quarantine for ten days to help curb the spread of Covid-19, or risk a fine.

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Valcambi refinery denies sourcing ‘dirty’ gold from Dubai

The Swiss-based Valcambi refinery has rejected accusations about gold dealings with a controversial company in the United Arab Emirates.

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Switzerland takes Belgium and Mexico off Covid-19 ‘high risk’ list

People arriving in Switzerland from Belgium, Mexico and Luxembourg will no longer have to go into quarantine for ten days.

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Rights activists want Swiss-Chinese trade deal to be overhauled

Campaigners are urging the Swiss government to renegotiate a six-year-old free trade agreement with China to try to improve human rights and labour conditions for its Uighur Muslim minority.

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Ceneri Base Tunnel is officially open

The Ceneri Base Tunnel has been officially opened, with the first freight train passing through the tunnel in the southern Swiss canton of Ticino shortly after 11:30am. Passengers will have to wait for the new national rail timetable in December.

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Geneva Airport expects 23 percent fewer passengers in 2021

Geneva Airport officials say the shockwaves of the Covid-19 pandemic will reverberate into next year, with the number of passengers flying to and from the airport expected to be down by almost a quarter compared with pre-coronavirus levels, according to Swiss public radio, RTS.

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Swiss PostBus faces lawsuit in Liechtenstein

Liechtenstein transport companies are claiming CHF35 million ($38.7 million) in damages against Switzerland’s state-owned PostBus over alleged unfair business practices.

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Swiss economist says Covid-19 ‘winners’ should pay more tax

Companies that netted their best-ever earnings during the coronavirus crisis should be subject to extra tax, finds one of Switzerland’s top economists.

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New Swiss Rail Timetable Speeds up Cross-Border Trips

Next year the train connections from Switzerland to Germany and Italy will be faster. On Wednesday the Swiss Federal Railways unveiled the timetable for 2021. In addition to various inland tweaks, the new schedule brings swifter links from Zurich to Milan (3:17) and Munich (ca. 4hrs). From Zurich there will be ten direct trains to Milan; from Basel, five.

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Belgium Investigates Credit Suisse over hidden Bank Accounts

The investigation by federal prosecutors is at the information-gathering stage, looking for evidence of money laundering and whether the Swiss bank acted as an illegal financial intermediary, a spokesman for the prosecutors said on Monday. However, no formal charges have been brought.

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First Skydive from a Solar Electric Plane Accomplished in Switzerland

The world’s first skydive off the solar-powered electric plane SolarStratos has been completed successfully in western Switzerland. SolarStratos took off from the aerodrome in Payerne at 7:40am on Tuesday with two people on board: test pilot Miguel Iturmendi and co-pilot Raphaël Domjan.

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Shoppers in Basel must wear face masks to reduce Covid-19 risks

Basel City has become the first German-speaking canton to require customers to wear face masks in shops to combat the spread of the coronavirus.

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Pressure mounts on Swiss refinery Valcambi over questionable gold origins

Industry associations are calling on Switzerland’s largest gold refinery to clarify the origins of its gold purchased from Dubai traders.

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Free trade deals save Switzerland billions, study finds

Swiss consumers and importers saved CHF2.5 billion ($2.7 billion) in 2018 thanks to lower customs duties as part of free trade agreements, a study has revealed.

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Murdoch becomes major shareholder in Swiss MCH group

James Murdoch, the son of media tycoon Rupert Murdoch, has been elected to the board of directors of the leading Swiss exhibitions group, MCH.

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Swiss care homes and hospitals charged for mouldy masks

Expired, foul-smelling masks cost nearly a franc apiece for facilities in canton Bern at the start of the coronavirus crisis. As a healthcare worker told Swiss public radio, SRF, on Monday, some of the masks they had received earlier this year had to be recalled because they were covered in mildew.

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