Business
Benchmark fraud
Former UBS trader charged in Libor case
City of London police have charged a former UBS trader with eight counts of conspiracy to defraud, as part of the investigation into the manipulation of the London interbank offered rate, or Libor, uncovered last year. [...]
Financial market strategy
Swiss leaders call for data exchange standards
The government says it wants to take an active role in developing global standards for the automatic exchange of banking information to avoid clashes with other countries over tax issues. [...]
Commodities controversy
NGOs slam Glencore Xstrata over mining project
Swiss and German non-governmental organisations have criticised Swiss-based mining giant Glencore Xstrata over a huge planned mining project in the Philippines. [...]
Banking secrecy
Swiss take first step to end US tax spat
A draft law allowing Swiss banks to pass data to the United States justice authorities has won approval by the Senate. The other parliamentary chamber, the House of Representatives, is set to discuss the controversial issue next week. [...]
Coached
Innovators get a leg up in the business world
For more than a decade, young Swiss entrepreneurs have benefited from training aimed at helping them get off on the right foot in the business world. With appropriate coaching, they can reach the market faster and avoid costly mistakes. [...]
Keeping innovation alive
‘Swiss entrepreneurs are failing to dream big’
Switzerland does not lack talent when it comes to innovation and promoting new ideas. But the country’s young entrepreneurs have trouble leaving their comfort zone and striking out in the world, according to global competition specialist Stéphane Garelli. [...]
European survey
Swiss top managers miss out on top salaries
Europe’s best-paid chief executives are to be found in Italy and Spain, according to the annual study of the Federation of European Employers (FedEE). Switzerland is ranked fifth. [...]
Tax compliance
Swiss and US agree on FATCA interpretation
Switzerland and the United States have signed a memorandum of understanding on technical and administrative interpretations of the agreement on the Foreign Account Tax Compliance Act (FATCA). [...]
Investigations continue
France extends UBS tax probe
UBS has been placed under formal investigation for alleged complicity in suspected illegal sales practices, said the French prosecutor’s office on Friday. The Swiss bank said it would continue to cooperate with the French authorities. [...]
New trade winds
‘Made in the world’ creates winners and losers
The next airplane you board will likely have a tail made in Italy, doors from France, American control instruments and wings from Japan – a “made in the world” approach that’s opening economic doors but risks excluding poorer countries. [...]
High prices
Nestlé caught in chocolate-fixing scandal
Canada has charged the local arms of two of the world's biggest sweet makers, Mars and Swiss multinational Nestlé, with colluding to fix the price of chocolate, the Canadian Competition Bureau announced on Thursday. [...]
Quicklinks
- Federal Department of Economic Affairs
- Federal Department of Finance
- SECO - State Secretariat for Economic Affairs
- SwissCham - Swiss foreign trade chambers
- OSEC - Business Network Switzerland
- Economiesuisse - Swiss Business Federation
- Federal Social Insurance Office
- Federal Agriculture Office
- Swiss National Bank
- SWX - Swiss Exchange