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Case implicates Basel bank in tax evasion

This content was published on Dec 7, 2011 The case sheds new light on the role of a major Swiss cantonal bank in enabling tax evasion by Americans. A naturalised US citizen born in Iran was charged late on Tuesday with fraud and conspiracy by federal prosecutors in Fort Lauderdale, Florida. The charges against the San Francisco resident refer to his accounts at…

Swiss in spending mood this Christmas

This content was published on Dec 7, 2011 The consulting firm Deloitte found in a survey that on average each Swiss expected to shell out SFr612 ($661) for gifts. While that is down SFr6 on the previous year, the total each household plans to spend on Christmas (shopping, special food, social events) has gone up by SFr3 to SFr1,038. The high cost of…

Zooreal

This content was published on Dec 7, 2011 They range from indifferent cruelty to over-the-top idolatry, with everything in between. Zurich photographer Livio Piatti doesn’t see himself as an animal photographer, but his work shows the different relationships that may arise – where for better or worse it’s always the human being who calls the tune.

November jobless rises to 3.1 per cent

This content was published on Dec 7, 2011 Figures released on Wednesday show that there were 121,109 jobless at the end of November, up 5,931 on October. When adjusted for seasonal factors, the unemployment rate stood at three per cent, the same as the previous month. However, there was an improvement on last year, when the rate was 3.6 per cent. 2011 had…

Swiss ski resorts “must diversify to survive”

This content was published on Dec 6, 2011 These are the main conclusions of a Credit Suisse report that compares 31 Swiss winter resorts. Already plagued by the strong franc, Swiss resorts are also struggling with the lack of snow caused by unusually warm, dry weather. According to the comparative study published on Tuesday, Swiss resorts face major challenges for their long-term survival.…

Designer drugs placed on banned list

This content was published on Dec 6, 2011 Under the amended law on narcotic substances, the production, sale and use of 52 synthesised substances and seven classes of compounds are newly illegal. Switzerland is now on a par with neighbouring countries and therefore should avoid becoming a transit site for the illegal drugs market, according to the interior ministry and Swissmedic – the…

Putin clings to reduced majority in Russia

This content was published on Dec 5, 2011 Putin’s ruling party, United Russia, clung to a much-reduced majority in parliament after an election on Sunday that showed growing weariness with the man who has dominated Russia for more than a decade and who plans to return to the presidency next year. In the biggest electoral setback for Putin since he rose to power…

Business federation gloomy about outlook

This content was published on Dec 5, 2011 In a forecast presented to the media on Monday, it says the strong franc, continuing European debt crisis and the faltering world economy will bring the country to the brink of recession. It is now predicting an increase of only 0.5 per cent in gross domestic product (GDP) next year, whereas in June it expected…

Public outcry “set to topple banking secrecy”

This content was published on Dec 5, 2011 The global economic crisis has triggered a public outcry against tax havens which is here to stay, journalist and author Nicholas Shaxson told swissinfo.ch. Shaxson believes that Switzerland – and other global tax havens – cannot resist the rising tide of sentiment against the illicit offshore financial system for much longer. The only question is…

Glencore chief vows to hold onto shares

This content was published on Dec 5, 2011 Glasenberg, who is the single largest shareholder of the canton Zug-based commodities trader, made the comment in an interview in the 20 Minuten newspaper on Monday. Glasenberg is said to hold nearly 16 per cent of company stock. Glencore started trading on the stock market in May, raising nearly SFr9 billion ($9.78 billion). Last week…

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Case implicates Basel bank in tax evasion

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Swiss in spending mood this Christmas

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Zooreal

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November jobless rises to 3.1 per cent

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Swiss ski resorts “must diversify to survive”

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Designer drugs placed on banned list

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Putin clings to reduced majority in Russia

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Business federation gloomy about outlook

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Public outcry “set to topple banking secrecy”

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Glencore chief vows to hold onto shares

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