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Swiss banks pass tougher stress tests

This content was published on Jul 23, 2010 UBS and Credit Suisse are deemed to be more resilient to stock market plunges and national debt defaults than some other European banks, according to separate reports by Swiss and European Union regulators. The EU and the Swiss Financial Markets Supervisory Authority (Finma) both released the findings of their stress tests on Friday. Both measured…

Tourist train derails, several injured

This content was published on Jul 23, 2010 Three carriages from the Glacier Express came off the track for unknown reasons shortly after 12pm near a viaduct in the Goms Valley. Eyewitnesses said one carriage had tipped over and two others remained upright. No deaths have been reported so far. Rescue workers, including five helicopter crews from Air Zermatt, several dozen firemen, paramedics…

Swiss see highs and lows in Aids fight

This content was published on Jul 23, 2010 Luciano Ruggia, from the Federal Health Office, said that the rising HIV epidemic in eastern Europe and the lack of human rights had been key topics at the meeting. Switzerland, at least, is on the right track with its Aids policy. The six-day biennial conference, which ended on Friday and is the largest of its…

Estonia

This content was published on Jul 23, 2010 Estonia’s economy was dealt a severe blow by the global economic crisis. The capital, Tallinn, is still booming and efforts are being made to restore the country’s architectural heritage suppressed during Soviet rule. (Text/photos: Andreas Keiser, swissinfo.ch)

Rightwing challenge of tax accords fails

This content was published on Jul 23, 2010 The far-right Lega dei Ticinesi group said it had given up collecting the necessary signatures for a referendum. The group said it was disappointed that neither banks nor other financial institutions outside the Ticino region had given their support. The move comes in the wake of similar announcements by the Swiss People’s Party and the…

Warsaw commuter train

This content was published on Jul 23, 2010 The trains might bring back memories but they are outdated and the rail infrastructure can no longer cope with growth in demand. (Text and pictures: Alexander Künzle, swissinfo.ch)

Cantons dangle juicier tax carrots for firms

This content was published on Jul 23, 2010 Lucerne’s decision to slash corporate profit taxes in the next two years has raised the hackles of some neighbouring cantons and could draw unwanted attention from the European Union. The EU has fiercely criticised the tax inducements offered by Swiss cantons as being uncompetitive and in violation of a trade treaty between the two parties.…

Fantastic fossil find in Ticino

This content was published on Jul 22, 2010 The fossil fragments were discovered on Monte San Giorgio, a Unesco World Heritage site. It is believed that the fossils are about 240 million years old. The tree was in the conifer family, with needles about three centimetres long. Its branches would have been up to 16 centimetres in length. According to the researchers, the…

Bumps in road could slow motorway plans

This content was published on Jul 22, 2010 Even though there are only 100km left to build to complete the government master plan, few are satisfied. The motorist lobby wants wider roads while greens want to spend more on public transport. Most visitors to the country often praise Switzerland’s excellent rail system, but the Swiss also possess an efficient road network. The asphalt…

Credit Suisse rides bumps with solid results

This content was published on Jul 22, 2010 The bank, which is based in Zurich, continued to attract money from wealthy clients, albeit it at a slower pace than in the first quarter. Profits were marginally better than the same period last year, but down 22 per cent on the first three months of 2010. Financial analysts, polled by Reuters, had expected the…

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Swiss banks pass tougher stress tests

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Tourist train derails, several injured

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Swiss see highs and lows in Aids fight

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Estonia

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Rightwing challenge of tax accords fails

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Warsaw commuter train

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Cantons dangle juicier tax carrots for firms

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Fantastic fossil find in Ticino

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Bumps in road could slow motorway plans

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Credit Suisse rides bumps with solid results

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