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Julius Bär cleared over missing German millions

This content was published on Dec 9, 2016 A German state department responsible for investigating irregularities over the 1990 reunification had demanded the return of CHF97 million plus CHF107 million in interest payments – a total of CHF204 million ($202 million) – from the Swiss private bank. An East German trading company is alleged to have withdrawn the money between 1990 and 1992…

AMAG faces criminal probe into VW emissions scam

This content was published on Dec 9, 2016 German car manufacturer VW found itself in the centre of a storm in September last year after it was found to have installed software on 11 million vehicles that masked actual emissions levels. Some 180,000 vehicles in Switzerland were affected. The Swiss Attorney General collated some 2,000 complaints from around Switzerland and handed them to…

Bangladesh trade union joins FIFA Qatar complaint

This content was published on Dec 9, 2016 The Netherlands Trade Union Confederation (FNV) initially lodged the complaint at the Zurich Commercial Court earlier this year. It accuses Zurich-based FIFA of breaking global labour standards by awarding the competition to a country that operates the “kafala” employment system. This requires all foreign workers in Qatar, and other Gulf countries, to be sponsored by…

BAKBasel positive over 2017 economy

This content was published on Dec 9, 2016 Experts at the BAK Basel economic forecasting body have raised their economic forecast for Switzerland in 2017.

Over 500 proceedings against Uber drivers

This content was published on Dec 9, 2016 There were 559 criminal procedures against the ride sharing service Uber in 2015 and 2016 in Zurich and Lausanne, the police have said.

Parliament stubs out tobacco advertising restrictions

This content was published on Dec 8, 2016 The House of Representatives on Thursday joined the Senate in refusing to pass a law on tobacco advertising on the grounds it went too far and was unlikely to be effective. The law was intended to prevent young people from smoking at an early age. Health Minister Alain Berset, who was in favour of the…

Restructuring to cost Swiss private bank 450 jobs

This content was published on Dec 8, 2016 The jobs will be shed at a rate of 100-150 per year between 2017 and 2019. BSI lost its license to operate independently in both Switzerland and Singapore after it became embroiled in the Malaysian 1MDB wealth fund scandal. It was also heavily fined by the United States in the Swiss banking tax evasion spat.…

What happens when shoppers go elsewhere?

This content was published on Dec 8, 2016

Light aircraft crashes at Basel-Mulhouse Airport

This content was published on Dec 8, 2016 Police have closed Basel-Mulhouse Airport after a small plane crashed on the runway while it was trying to land in thick fog.

Stratospheric plane unveiled in Switzerland

This content was published on Dec 7, 2016 Swiss adventurer Raphaël Domjan has unveiled a two-seater solar aircraft with which he hopes to become the first pilot to fly in the stratosophere.

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Julius Bär cleared over missing German millions

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AMAG faces criminal probe into VW emissions scam

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Bangladesh trade union joins FIFA Qatar complaint

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BAKBasel positive over 2017 economy

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Over 500 proceedings against Uber drivers

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Parliament stubs out tobacco advertising restrictions

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Restructuring to cost Swiss private bank 450 jobs

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What happens when shoppers go elsewhere?

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Light aircraft crashes at Basel-Mulhouse Airport

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Stratospheric plane unveiled in Switzerland

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