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Three further Swiss banks pay US fines

This content was published on Dec 17, 2015 Bordier, PBZ and PostFinance have all agreed to pay a settlement and have signed a non-prosecution agreement with the DoJ, meaning they will continue to cooperate with the department. The Swiss bank programmeExternal link was established in August 2013 to address criminal liability issues surrounding tax evasion by US clients of Swiss banks. Under the…

Driverless buses hit the streets of Sion

This content was published on Dec 17, 2015 “Move along inside, there’s room for up to nine people,” says Pascal Lecuyot, our guide in one of two distinctive bright-yellow driverless buses. The doors close with a swish. The electric-powered vehicle beeps twice and we’re off – aided by computer technology but without a driver, steering wheel or pedals. “Hold on tight, as I’m…

Developing driverless buses

This content was published on Dec 17, 2015 Two autonomous buses are set to do the rounds, firstly without passengers in a closed off area. Next spring, passengers will also be able to hop onboard. For a two-year trial period, the buses carrying up to nine passengers each will cover tourist routes in Sion’s Old Town. The shuttle system is the brainchild of…

Former UBS forex staff banned by Swiss watchdog

This content was published on Dec 17, 2015 The six individuals were directly responsible for serious breaches of regulation, supervisory authority FINMA said on Thursday. “Traders shared confidential client information, sometimes revealing the identity of clients to third parties, deliberately triggered stop-loss orders, and engaged in front running,” FINMA said. The traders repeatedly attempted to manipulate foreign exchange benchmarks, it added, while management…

Farmers spared from 2016 spending cuts

This content was published on Dec 17, 2015 The House of Representative on Thursday approved a final compromise with the Senate, ending two weeks of debate. Revenue for 2016 is expected to reach CHF66.7 billion against costs of CHF67.2 billion. Outgoing Finance Minister Eveline Widmer-Schlumpf told parliament that the cabinet had reduced the initial budget by CHF1.3 billion, dismissing calls, notably from the…

Burka ban to be put to voters in Glarus

This content was published on Dec 16, 2015 On Wednesday the Glarus parliament approved a proposal, supported only by members of the conservative right Swiss People’s Party. The cantonal government, which opposed the proposal, must now prepare a bill on banning face coverings. It will be put to the local open-air assembly, in which all citizens in the canton can take part. This…

Sawiris unconcerned about resort’s profit losses

This content was published on Dec 16, 2015 Sawiris said the losses of CHF7 million ($7.1 million) recorded during the first six months of this year and the slow sale of holiday apartments did not alarm him. In a syndicated interview with the Tages-Anzeiger and Der Bund newspapers on Tuesday, Sawiris said his optimism was confirmed by a successful bond issue of CHF50…

Swiss publish dormant bank account list

This content was published on Dec 16, 2015 Some 2,600 dormant Swiss banks accounts, containing at least CHF44 million, went online for public consumption on Wednesday.

Ancient cattle breeds better adapted for climate change

This content was published on Dec 16, 2015 A recently published research project chaired by the Swiss Federal Institute of Technology Lausanne (EPFL), points out that, due to climate change, Switzerland and other Alpine countries are expected to face more severe conditions than surrounding lowland countries – and old Swiss breeds of cattle like the Evolène from canton Valais, are better adapted to…

Why do we need traditional livestock breeds?

This content was published on Dec 16, 2015 Scientists, farmers, and the government are working against the clock to monitor and preserve traditional livestock breeds – whose genetic adaptations could be key to coping with climate change – before they disappear in favour of more productive cash cows.

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Three further Swiss banks pay US fines

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Driverless buses hit the streets of Sion

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Developing driverless buses

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Former UBS forex staff banned by Swiss watchdog

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Farmers spared from 2016 spending cuts

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Burka ban to be put to voters in Glarus

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Sawiris unconcerned about resort’s profit losses

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Swiss publish dormant bank account list

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Ancient cattle breeds better adapted for climate change

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Why do we need traditional livestock breeds?

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