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Work to start on emission trading accord

This content was published on Dec 16, 2009 The Swiss cabinet agreed on Tuesday to begin work on the agreement to unify the Swiss and EU systems of emission quota trading. It hopes to finalise a bilateral accord within three years. The environment ministry has been carrying out exploratory talks on the issue since 2008. The next stage will be consultations with House…

History binds two very different towns

This content was published on Dec 16, 2009 And just to add to the confusion – New Bern is actually the oldest. swissinfo.ch paid a visit to the North Carolina town, which is celebrating its 300th birthday in 2010. The town, at the confluence of the Neuse and Trent rivers, was founded in 1710 by the Swiss, Christophe de Graffenried. It is only…

Credit Suisse prepares for huge payout to US

This content was published on Dec 16, 2009 The probe has been looking into dollar payments made between 2002 and 2007 with countries, which include North Korea, Cuba, Sudan, Syria and Iran. US-regulated financial institutions are not allowed to do business with sanctioned countries. In a surprise statement late on Tuesday, Credit Suisse confirmed that it was in “advanced settlement discussions” with the…

Former UBS chiefs to face no charges

This content was published on Dec 15, 2009 News that ex-UBS chairman Marcel Ospel will not face charges in court has angered some people in Switzerland. But others are relieved there will be no repeat of the unsuccessful trial of executives of the former national airline, Swissair. Ospel was at the helm of UBS in 2007 when the bank was plunged into the…

Tax amnesty to hit southern canton of Ticino

This content was published on Dec 15, 2009 Experts predict that “scudo III” – the third Italian tax amnesty since 2001 – will surpass Italian government projections of recouping tax revenues of €3.7 billion (SF5.6 billion) in 2010. Official figures are not yet available but there are reports of about €100 billion being repatriated to Italy, of which €5 billion would go to…

EXHIBITION: Women on Money

This content was published on Dec 15, 2009 The Gutenberg Museum puts on a temporary exhibition about women and their appearance on Swiss paper money, reflecting on bank notes past and present and also money that never came to be because the women were too sexy.

UBS’s Ospel and Kurer avoid criminal charges

This content was published on Dec 15, 2009 The Zurich prosecutor’s office for economic crimes said on Tuesday that there was no evidence that the former chairmen had broken Swiss laws in the affair. The office also said there was no proof the men or other senior managers had taken greater risks than a more prudent businessman would have taken. UBS’s board agreed.…

Economy ready to grow as labour market suffers

This content was published on Dec 15, 2009 The State Secretariat for Economic Affairs (Seco) revised its forecasts for the better, saying the country’s real gross domestic product could swell by 0.7 per cent in 2010. That follows the deepest recession since 1975 and a decline of 1.6 per cent for 2009. Up until now Seco’s expert group of economic forecasters had predicted…

Government outlines climate progress

This content was published on Dec 14, 2009 The Federal Environment Office presented a report on Monday at the climate change summit in Copenhagen, which outlines Switzerland’s efforts to meet its international obligations. Switzerland has committed itself to reducing the amount of greenhouse gases by eight per cent between 2008 and 2012, compared with 1990 levels. But since emissions remained at the same…

Swiss worry about their job security

This content was published on Dec 14, 2009 Sixty-six per cent of the people surveyed were concerned by the jobless rate, which stood at 4.2 per cent in November. Unemployment was the prime worry of only 53 per cent in 2008. Switzerland’s costly health system, pension schemes and the financial crisis were the other worries, although only about one-third of the population rated…

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Work to start on emission trading accord

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History binds two very different towns

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Credit Suisse prepares for huge payout to US

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Former UBS chiefs to face no charges

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Tax amnesty to hit southern canton of Ticino

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EXHIBITION: Women on Money

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UBS’s Ospel and Kurer avoid criminal charges

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Economy ready to grow as labour market suffers

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Government outlines climate progress

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Swiss worry about their job security

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