VIENNA (AP) — Rescuers in Switzerland have found the body of one of three people who had gone missing on Saturday after massive thunderstorms and rainfall in the southeast of the country caused a rockslide, Swiss authorities say. The other two are still missing. One woman was pulled out alive from the rubble earlier on...
Tag: business
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Euro 2024: Everything you need to know about Switzerland vs Germany game
SPOTLIGHTS Germany has already secured a spot in the Round of 16 Switzerland needs at least a draw to guarantee qualification Both teams are aiming for a victory to boost confidence By Seyi Babalola Germany became the first team to reach the round of 16 by defeating Hungary after overcoming Scotland on the first day....
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4 members of a billionaire family get prison in Switzerland for exploiting domestic workers
GENEVA (AP) — An Indian-born billionaire and three family members were sentenced to prison on Friday for exploiting domestic workers at their lakeside villa in Switzerland by seizing their passports, barring them from going out and making them work up to 18 hours a day. A Swiss court dismissed more serious charges of human trafficking...
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Germany take care of business against Hungary; Switzerland and Scotland settle for draw
Germany have secured their place in the knockout rounds with a second victory in just as many games, this time beating Hungary, 2-0, last night in Stuttgart. The host nation had to work a bit harder for this one than for their 5-1 laugher of a win over Scotland to begin the tournament, but the...
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Hindujas: A look at the billionaire family and their companies
Ajay Hinduja, the scion of the family’s Swiss-based branch, refuted allegations that he forced an Indian nanny to work 18-hour days without leave, calling the claim “idiotic” and describing her “like a second mum” to his kids, Bloomberg reported. The case also names his wife, Namrata, and parents, Prakash and Kamal. Here’s a closer look...
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HSBC ‘breached money laundering rules’, says Swiss regulator
HSBC Private Bank (Switzerland) is accused of violating money laundering regulations. The Swiss Financial Market Supervisory Authority (Finma) has ordered measures to be taken. This content was published on June 18, 2024 – 17:20 The Swiss subsidiary of the British banking group failed to comply with its money laundering prevention obligations in respect of two...
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A peace summit for Ukraine opens in Switzerland, but Russia won’t be taking part
GENEVA — Switzerland will host scores of world leaders this weekend to try to map out first steps toward peace in Ukraine even though Russia, which launched and is continuing the war, won’t take part. Ukrainian President Volodymyr Zelenskyy’s government didn’t want Russia involved, and the Swiss — aware of Moscow’s reservations about the talks...
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Switzerland, in Partnership With the African Development Bank Group, Aims to Expand Opportunities for the Swiss Private Sector in Africa
The Swiss private sector would like to play a more substantial role in the African Development Bank’s operations in Africa. This desire was expressed during meeting between Bank senior management and the Swiss economic mission, spearheaded by Ivo Germann, Director of Foreign Economic Affairs at the State Secretariat for Economic Affairs (SECO). The Swiss delegation...
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Switzerland expects bumper summer for tourism
The Äscher-Wildkirchli guest house in Alpstein is a favourite tourist spot. Keystone / Gian Ehrenzeller Swiss hotels and holiday hotspots are looking forward to another record summer with Chinese guests in particular predicted to boost overnight stays by 0.4%, according to the KOF Swiss Economic Institute. This content was published on May 28, 2024 –...
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UBS Asia job cuts almost complete
UBS bought rival Swiss bank Credit Suisse last year. KEYSTONE/© KEYSTONE / JEAN-CHRISTOPHE BOTT UBS’s Asia-Pacific president signaled that most of the bank’s job cuts in the region are over as it nears the official completion of its historic merger with Credit Suisse. This content was published on May 28, 2024 – 09:51 Do you...
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‘Holidaymaker fees must benefit everyone’: Switzerland Tourism
Tourists flock to the picturesque Swiss village of Lauterbrunnen every year. KEYSTONE/© KEYSTONE / ANTHONY ANEX Charging entrance fees at popular Swiss holiday hotspots only makes sense if overseas guests also gain from the levy, says the Swiss tourism industry. This content was published on May 21, 2024 – 13:38 Do you want to read...
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Swiss retailer Migros starts restructuring with 150 job losses
Swiss supermarket chain Migros is embarking on a major restructuring programme KEYSTONE/© KEYSTONE / GAETAN BALLY The Swiss Migros supermarket chain has started its downsizing programme with the loss of 150 jobs. This is around 10% the total number of expected lay-offs. This content was published on May 21, 2024 – 11:57 Do you want...