Archives

Swiss Info

Mon, 4 Jul 2022 08:09:07 GMT
Swiss diplomat: ‘If you want to hurt Russia, you have to be prepared to suffer’
Yves Rossier, the former Swiss ambassador to Moscow, squarely blames Russia for the war in Ukraine, but he says the West and Ukraine made mistakes in the run-up to the war. “The blame for the war lies solely with Russia, that’s clear,” Rossier...

Sun, 3 Jul 2022 14:10:00 GMT
Swiss foreign ministry allegedly attacked by computer hackers
The Swiss authorities have dismissed reports about cyberattacks from Russia against the Swiss foreign ministry. The National Cyber Security Centre (NCSC) said it had no knowledge of targeted cyberattacks against Swiss government units or critical in...

Sun, 3 Jul 2022 11:00:00 GMT
Swiss conference to highlight decentralised and democratic Ukraine
The participants of the international conference in Switzerland on the reconstruction of Ukraine have reportedly agreed the principles of reforms. The NZZ am Sonntag newspaper reported that the planned final declaration of the Ukraine Recovery Confe...

Sun, 3 Jul 2022 09:28:00 GMT
Swiss minister pushes for renewable energy to replace gas imports
Energy Minister Simonetta Sommaruga has warned of possible shortages of natural gas in Switzerland during the winter months. She said the government prepared made plans to prevent energy blackouts due to a drop in Russian gas imports in the context ...

Sat, 2 Jul 2022 09:55:54 GMT
Swiss officials backed Nestlé over Mexico’s food warning labels
The company had urged Swiss officials to lobby against junk food warning labels mooted by the Mexican government in 2019. Emails obtained through the Freedom of Information Act by Swiss public broadcaster RTS indicate that Nestlé had contacted the ...

Fri, 1 Jul 2022 13:52:00 GMT
Newly married same-sex couples risk losing out on fast-track citizenship
Same-sex couples have been advised to think carefully about how they achieve marital status if they want to apply for facilitated Swiss citizenship. Several couples have welcomed a change to the Swiss law to allow same-sex marriages by tying the kno...

Fri, 1 Jul 2022 12:20:00 GMT
Sulzer counts cost of withdrawing from Russia
Pulling out of Russia and Poland will cost Swiss industrial company Sulzer at least CHF125 million ($130 million) in depreciation costs, the group has announced. The sum will be booked in the company’s half year results, which will be published on...

Fri, 1 Jul 2022 09:35:40 GMT
Biotech firm Lonza to invest CHF500 million in new Swiss plant
Swiss biotech company Lonza has announced plans to build a large-scale plant that will focus on crucial stages of vaccine production. The Basel-based multinational, which supplies the pharma industry, expects the CHF500 million ($522 million) facil...

Fri, 1 Jul 2022 09:33:00 GMT
Swiss branch of Sberbank allowed to pay creditors
The Swiss financial regulator has partially lifted restrictions on the Swiss branch of Russia’s Sberbank so it can pay off non-sanctioned creditors. The Financial Market Supervisory Authority (Finma) introduced protective measures for Sberbank Swi...

Fri, 1 Jul 2022 08:36:00 GMT
Switzerland signs off CHF1.3bn EU payment
Swiss State Secretary Livia Leu and the Secretary-General of the European Commission, Ilze Juhansone, have signed a memorandum of understanding for Switzerland to pay a so-called cohesion contribution of CHF1.3 billion ($1.36 billion) to Brussels. C...

Thu, 30 Jun 2022 17:30:00 GMT
Zelensky unlikely to personally attend Lugano conference on Ukraine
Ukrainian President Volodymyr Zelensky is highly unlikely to personally attend a conference in the Swiss city of Lugano next week that will discuss ways to rebuild the war-shattered country. Instead, Zelensky will probably address international dign...

Thu, 30 Jun 2022 14:48:00 GMT
Swiss government accused of lacking will to protect groundwater
The Swiss authorities have been censured for failing to implement measures that are designed to protect the country’s groundwater. The parliamentary Audit Committee of the House of representatives said on Thursday that only CHF8 million ($8.4 mill...

Thu, 30 Jun 2022 11:18:00 GMT
Foreign currencies going off Swiss central bank menu
Switzerland’s central bank is buying lower volumes of foreign currencies to support the franc as it balances the needs of exporters with the rising cost of goods. The Swiss National Bank (SNB) shelled out CHF5.7 billion ($5.9 billion) in the forei...

Thu, 30 Jun 2022 07:58:32 GMT
Bern bikers sent to prison for violent brawl
A trial into a violent clash between the Hells Angels and Bandidos biker gangs outside the Swiss capital in 2019 has resulted in prison sentences of varying lengths. One of the main defendants was given eight years for premeditated attempted murder. ...

Thu, 30 Jun 2022 07:10:29 GMT
Cartel fined for fixing price of Volkswagens
A group of Volkswagen dealers in southern Switzerland has been fined CHF44 million ($46 million) by the Federal Competition Commission (Comco). The seven cartel members, including car importer AMAG, had fixed the prices of new Volkswagen cars for yea...

Wed, 29 Jun 2022 15:00:46 GMT
Credit Suisse scraps negative interest charges for private clients
Switzerland’s second largest bank, Credit Suisse, has announced it will no longer pass on negative interest charges to private clients from July 1. On June 16, the Swiss National Bank surprised the markets by raising its benchmark interest rate by...

Wed, 29 Jun 2022 14:07:00 GMT
Proposal launched for use of safe digital ID
The Swiss government has presented plans for the introduction of a digital identity for citizens to facilitate administrative processes. Justice Minister Karin Keller-Sutter said the proposed official digital identity would make life easier and spee...

Wed, 29 Jun 2022 13:52:00 GMT
Switzerland prepares for possible winter gas shortages
The government has outlined plans to address a possible shortage of natural gas supplies this winter, saying it could resort to rationing if other measures were insufficient. Already in March, after the Russian invasion of Ukraine, the Swiss governm...

Wed, 29 Jun 2022 10:31:00 GMT
Swiss renew commitment to UN development agencies
The Swiss government has pledged CHF316 million ($330 million) to four United Nations development bodies. The funds are destined for the UN Development Programme (UNDP), the UN Children’s Fund (UNICEF), the UN Population Fund (UNFPA) and the UN En...

Wed, 29 Jun 2022 09:27:00 GMT
Swiss investors to benefit from climate label
The Swiss government has launched a system to measure the environmental impact of financial investments. The aim is to help the Swiss financial centre to position itself as an international leader in “credible climate transparency”, according to...

Tue, 28 Jun 2022 15:15:34 GMT
Novartis to cut 1,400 jobs in Switzerland
Swiss pharmaceutical company Novartis is laying off more than one in ten employees in Switzerland over the next three years – 1,400 of 11,600 jobs will go. It also plans to cut 8,000 of 108,000 jobs worldwide. On Tuesday the Basel-based company in...

Tue, 28 Jun 2022 13:50:16 GMT
Swiss court upholds ban on foreign online betting operators
The Federal Court has upheld a ban on accessing foreign online gambling sites, dashing the hopes of three betting outfits to tap the Swiss market. The court said in a statement on Tuesday that the “domain name system” ban was proportionate. Gami...

Tue, 28 Jun 2022 11:24:47 GMT
‘Hidden’ costs of transport total CHF14 billion
Negative costs on third parties caused by transport in Switzerland amounted to CHF14 billion ($14.7 billion) in 2019. The damage mainly affects the environment and climate, but also health. The Federal Office for Spatial Development said in a report...

Tue, 28 Jun 2022 10:37:24 GMT
Swiss sprinter banned for four years for steroid use
Swiss sprinter Alex Wilson was banned for four years on Tuesday after an anti-doping tribunal judged he intentionally used an anabolic steroid. The case flared up at the Tokyo Olympics last July when judges at the Court of Arbitration for Sport (CAS...

Tue, 28 Jun 2022 10:10:29 GMT
More young people convicted for violent crimes, fewer for drugs
The number of juvenile convictions for violating the Criminal Code increased in Switzerland last year. While convictions for traffic offences have risen, the number for drug offences has fallen sharply. A total of 20,902 convictions – 7.5% more th...

Tue, 28 Jun 2022 09:13:00 GMT
Opioid abuse on the rise in Switzerland
Cases of opioid poisoning have almost tripled in Switzerland over the past 20 years, although the full extent of the situation is unclear. The number of opioid-related calls made to Tox Info Suisse, the national poisoning hotline, increased by 177% ...

Mon, 27 Jun 2022 15:25:00 GMT
Gambling pastor imprisoned for begging fraud
A Swiss pastor who fraudulently begged parishioners for money to fuel his gambling habit has been handed a three-year suspended jail sentence and must serve six months behind bars. The former clergyman conned CHF3.3 million ($3.4 million) out of his...

Mon, 27 Jun 2022 14:37:00 GMT
Credit Suisse convicted for money laundering offences
Swiss bank Credit Suisse has been fined CHF2 million ($2 million) for allowing cocaine dealers to launder money through its vaults. The verdict marks the first time a home-grown major Swiss bank has been convicted of such offences in the criminal cou...

Mon, 27 Jun 2022 10:24:00 GMT
Swiss research funding drops due to Horizon Europe freeze
Switzerland’s exclusion from the Horizon Europe research scheme is having a sizeable impact on the overall level of funding of Swiss science projects, new statistics show. According to the Federal Statistical Office (FSO), the federal authorities ...

Mon, 27 Jun 2022 08:01:00 GMT
PET-like plastic developed from biomass waste
Scientists in Switzerland and Austria have created a new PET-like recyclable plastic that can be easily made from the non-edible parts of plants. The promising tough, heat-resistant plastic could be used for food packaging. Researchers from the Fede...



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