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Banks targeted over cluster bomb investments

This content was published on Apr 14, 2010 The investments occur despite the entry into force of the international treaty banning cluster munitions on August 1, groups claim. Switzerland, which formally signed the text in 2008, is expected to ratify it in 2011. “It’s unacceptable that our pension funds or the savings of the Swiss people are invested in producing weapons that kill…

Birkenfeld lawyers to ask for clemency

This content was published on Apr 14, 2010 Lawyers acting on behalf of Bradley Birkenfeld said they would file a petition on Thursday. Its timing coincides with the day most tax returns in the United States are due. The petition seeks a reduction in Birkenfeld’s three-year-plus sentence for a fraud conspiracy conviction to time served since he reported to prison on January 8.…

Shareholders hold UBS ex-bosses accountable

This content was published on Apr 14, 2010 At the bank’s annual general meeting on Wednesday, shareholders voted against exonerating the bank’s 2007 management, which includes former chairman Marcel Ospel, from all blame. The rebellion opens the door to possible civil or even criminal law suits. The Swiss bank’s current leadership had urged shareholders to clear their predecessors of blame following an internal…

Cabinet sends UBS deal to parliament

This content was published on Apr 14, 2010 It also said on Wednesday that UBS should pay some SFr40 million ($38 million) in costs associated with providing assistance to US requests for information. The cabinet had previously decided the bank would be only on the hook for SFr1 million. The US has accused clients of the embattled bank of evading taxes. The Swiss…

EPFL solar researcher up for top science prize

This content was published on Apr 14, 2010 The prize’s Finnish awarding organisation on Wednesday lauded Michael Grätzel, director of the EPFL’s photonics and interfaces laboratory. German-born Grätzel invented dye-sensitised, low-cost/high-performance solar cells, which have led to the development of electricity-generating windows and mobile solar panels. The other two nominees are Cambridge University’s Richard Friend for inventions in optoelectronics that have enabled the…

UBS shareholders approve bonus increases

This content was published on Apr 14, 2010 At Wednesday’s annual general meeting of the bank in Basel 54.7 per cent of shareholders voted to accept the report, with 39.4 per cent against and 5.8 per cent abstaining. Earlier the bank’s chairman, former Swiss cabinet minister Kaspar Villiger, said UBS had lost entire investment teams and their clients to rival banks last year…

Love is in the air

This content was published on Apr 14, 2010 For much of the history of life on land, plants had to be near each other to mate. Their amazing pollen grains have been captured by award-winning Swiss scientific photographer Martin Oeggerli, the Micronaut © Micronaut, kindly supported by R. Buchner and H. Halbritter, University of Vienna

Swiss may vote on jobless benefits reform

This content was published on Apr 14, 2010 The Social Democrats and trade unions behind the initiative must gather 50,000 signatures in support of the referendum by July 8. Proponents are against planned reforms to the law on state-run unemployment benefits and say undermining the country’s social security system would particularly affect young people. The initiative was launched last month after a reform…

UBS and downs

This content was published on Apr 14, 2010 Over the past few years, UBS has garnered a lot of negative press. Extraordinary general assemblies and public protests have been occuring with increasing frequency.

Italians to review stolen HSBC data

This content was published on Apr 13, 2010 Eric de Montgolfier, a prosecutor in Nice, on Tuesday said authorities in Turin were interested in the data and had submitted a request seeking help gathering evidence. The files, taken by a former IT employee around three years ago, allegedly contain information about people hiding assets from tax collectors. France’s acquisition of the information infuriated…

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Banks targeted over cluster bomb investments

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Birkenfeld lawyers to ask for clemency

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Shareholders hold UBS ex-bosses accountable

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Cabinet sends UBS deal to parliament

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EPFL solar researcher up for top science prize

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UBS shareholders approve bonus increases

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Love is in the air

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Swiss may vote on jobless benefits reform

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UBS and downs

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Italians to review stolen HSBC data

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