Zurich: Switzerland‘s financial regulator, FINMA, on Wednesday said it would not further investigate UBS‘s market dominance after it rescued Credit Suisse last year. “The merger of UBS and Credit Suisse will not eliminate effective competition in any market segment,” FINMA said. The decision follows a report by the country’s competition authority, COMCO, which was sent...
Tag: world news
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Scotland fans reignite oldest rivalry in football as they mingle with England supporters
At the England bar, John Hoolahan, 53, a tarmacker from Derby, was among those leading chants against the Scots who said it was “banter” before taking a swipe at Scotland’s national dress. “They’ve got skirts on,” he said. “They’ll be on the next flight home anyway so we’re not bothered. We’ll be in the final....
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80 countries at Swiss conference agree ‘territorial integrity’ of Ukraine must be basis of peace
OBBÜRGEN, Switzerland — Eighty countries jointly called Sunday for the “territorial integrity” of Ukraine to be the basis for any peace agreement to end Russia’s two-year war, though some key developing nations at a Swiss conference did not join in. The joint communique capped a two-day conference at the Bürgenstock resort in Switzerland marked by...
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78 countries at Swiss conference agree Ukraine’s territorial integrity must be basis of any peace
OBBÜRGEN, Switzerland — Nearly 80 countries called Sunday for the “territorial integrity” of Ukraine to be the basis for any peace agreement to end Russia’s two-year war, though some key developing nations at a Swiss conference did not join in. The way forward for diplomacy remains unclear. The joint communique capped a two-day conference marked...
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Global leaders gather in Switzerland to pave way for Russia-Ukraine peace
A conference is underway in Switzerland aimed at establishing a framework for peace between Ukraine and Russia. The Swiss Peace Summit drew leaders and representatives from over 100 countries and international organisations. Notably absent from the discussions at the luxury Burgenstock resort near Lucerne was delegation from Moscow. Swiss President Viola Amherd opened the summit...
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World leaders to meet at Swiss resort to discuss Ukraine; Russia notably absent
OBBÜRGEN, Switzerland — Ukrainian President Volodymyr Zelenskyy on Saturday predicted “history being made” at the Swiss-hosted conference which aims to plot out the first steps toward peace in Ukraine even though experts and critics say little substance or few big breakthroughs are expected because Russia is not attending. The presidents of Ecuador, Ivory Coast, Kenya...
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American teen falls over 300 feet to her death while hiking with friend’s family: officials
A 16-year-old American girl plummeted over 300 feet to her death while hiking with her friend’s family in Switzerland on Sunday morning. The teen – who has not been named publicly — was walking on the Gorges Mystérieuses trail in the Valais district with her best friend and the friend’s family when she stumbled about 328...
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Germany hosts recovery conference for Ukraine before Switzerland peace summit
Germany is hosting a conference to gather support for Ukraine’s recovery from the destruction wreaked by Russia’s war, sending a new signal of solidarity with Kyiv at the start of a week of intense diplomacy. The two-day Ukraine Recovery Conference in Berlin, which begins on Tuesday, comes before the Group of Seven summit of Ukraine’s...
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Zelensky urges top defence officials to attend summit on ending Russian invasion
Ukrainian President Volodymyr Zelensky urged a group of top defence officials at Asia’s premier security conference on Sunday to attend an upcoming conference on ending the Russian war on Ukraine. Mr Zelensky told the group of more than 500 delegates from about 40 countries that he was “disappointed” some world leaders had not yet confirmed...
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China says will not not attend Ukraine peace conference in Switzerland
China will not attend the Ukraine peace conference that is set to take place in Switzerland next month, said the Chinese Foreign Ministry stating that it does not meet its expectation of including both Moscow and Kyiv. Switzerland is aiming at a broad-based turnout from several parts of the world for the summit that is...
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Zelensky urges Biden and Xi to attend Ukraine peace summit in Switzerland next month
Ukrainian President Volodymyr Zelensky, on Sunday (May 26) called on United States President Joe Biden and Chinese leader Xi Jinping to join the upcoming peace summit in Switzerland as Ukraine struggles to stave off relentless attacks by Russia amid the ongoing war. Ukraine peace summit “I am appealing to the leaders of the world who...
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Switzerland: ‘Screaming naked man’ kills woman jogging in lakeside park
A woman who was jogging in a lakeside park in Switzerland was allegedly killed by a naked man who was screaming and attacking people, said the police, on Wednesday (May 22). The incident took place in the Villa Alma Park in Männedorf on Tuesday evening. What we know about the attack According to the local...