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Swiss stocks join European surge in 2013

This content was published on Jan 1, 2014 Finishing its last day of business on December 30 at 8,203 points, the benchmark index reflected a broad rally across European markets with the German DAX up 25%, the French CAC-40 rising 17% and Britain’s FTSE increasing 14% on the year’s trading. Even crisis-hit markets such as those in Ireland and Greece posted strong growth…

Swiss banks sign up for US tax programme

This content was published on Dec 31, 2013 The bigger Swiss banks had originally sparked the DoJ crackdown by knowingly or recklessly harbouring untaxed assets. But smaller regional institutions, which make up one in four of all Swiss banks, may also face considerable penalties, despite shouldering a far lesser burden of guilt. Under the terms of the Swiss-US tax deal, signed in August,…

Dramatic fire at Swatch Group company

This content was published on Dec 29, 2013 A huge plume of smoke was visible from the building on Sunday morning, and the local population was warned to stay indoors with doors and windows closed for fear of chemical pollution. However, officials later gave the all-clear. A statement on the group’s website said that the fire started at about 8:45 in the galvanic…

Fake watches crackdown deemed a success

This content was published on Dec 27, 2013 A total of more than 120,000 fake watches were seized in 2013, the federation president, Jean-Daniel Pasche said. “The results are encouraging, but we have to remain vigilant,” Pasche told the Swiss News Agency. In a spectacular raid on warehouses in Dubai, local police confiscated about 90,000 fake Swiss watches in 2013. In separate operations,…

Swiss Greenpeace activist gets exit visa

This content was published on Dec 26, 2013 Weber, along with all but one of the members of the so-called “Arctic 30” group, was informed on Wednesday that all charges against them were being dropped in connection with a decree by the Russian Parliament, which approved amnesty for thousands of prisoners last week. The Arctic 30 – 28 Greenpeace International activists and two freelance journalists –…

Russian researchers say Arafat was not poisoned

This content was published on Dec 26, 2013 Vladimir Uiba, head of Russia’s Federal Medical and Biological Agency, said on Thursday that Arafat’s death at a military hospital in France in 2004 was “natural and not caused by radiation”, according to Russia’s state news agency. Around 60 samples were taken from the remains of the Palestinian leader in November 2012 after he was exhumed in Ramallah. The samples were…

Storm winds sweep over Switzerland

This content was published on Dec 25, 2013 Also cancelled in the Bernese Oberland until the early afternoon was the Wengernalp railway, that links Grindelwald and Wengen with the Kleine Scheidegg. In canton Graubünden in the far south east, the spectacular Unesco World Heritage line between Pontresina and Poschiavo suffered storm damage and the service was temporarily halted. At Rheineck, just south of…

Greenpeace activist should be home soon

This content was published on Dec 25, 2013 The only remaining hurdle for the foreign activists is getting permission to leave the country. Reporting the news, Greenpeace said they had already applied for exit visas. A Greenpeace spokesman in St Petersburg confirmed to Swiss public radio that they were certain Weber would soon be able to leave, although it was not possible to give a…

Swiss banks fear being shut out of EU market

This content was published on Dec 23, 2013 Despite its cryptic name, the EU Markets in Financial Instruments Directive (MiFID II) – designed to enhance transparency and consumer protection – is anything but dull for the Swiss financial sector. Banks and asset managers fear it could freeze them out of the lucrative EU market. The exact wording has yet to be approved, but MiFID…

Tiffany ordered to pay Swatch CHF402 million

This content was published on Dec 23, 2013 Swatch, the world’s largest watchmaker, and Tiffany had struck an agreement in 2007 to develop watches under the Tiffany brand together. The arrangement, intended to last 20 years and give Tiffany a much bigger place in the luxury watch market, never turned into big business for either company and the deal ended in acrimony in…

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Swiss stocks join European surge in 2013

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Swiss banks sign up for US tax programme

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Dramatic fire at Swatch Group company

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Fake watches crackdown deemed a success

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Swiss Greenpeace activist gets exit visa

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Russian researchers say Arafat was not poisoned

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Storm winds sweep over Switzerland

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Greenpeace activist should be home soon

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Swiss banks fear being shut out of EU market

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Tiffany ordered to pay Swatch CHF402 million

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