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Swiss Politics

Five more consulates to disappear

This content was published on Feb 4, 2012 The Swiss foreign ministry has decided to close those sections at the embassies in Montevideo, Asunción, Dublin, Kuala Lumpur and Lisbon during 2012. Their services will be transferred to the regional consular centres of Buenos Aires, London, Bangkok and Madrid. The measure is part of a restructuring of the Swiss diplomatic network introduced last year,…

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Swiss Politics

Business and green interests clash ahead of vote

This content was published on Feb 3, 2012 Based on interviews across the country carried out eight weeks ahead of voting day, the survey shows only a minority in favour of a considerable increase in annual holiday entitlement. Holiday homes and annual leave are among five issues being put to a nationwide vote on March 11. The strong support for the environmental initiative…

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Swiss Politics

20 years after the closure of Zürich’s notorious drug scene

This content was published on Feb 2, 2012

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Swiss Politics

Swiss “slow” to return Tunisia assets

This content was published on Feb 2, 2012 Switzerland is holding onto SFr60 million ($65 million) belonging to former President Zine el-Abidine Ben Ali and his entourage. Enrico Monfrini said the Federal Prosecutor’s Office – now in charge of such international cases under a new penal law – did not “always have enough staff competent in dealing with economic crimes and criminal organisations”.…

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Swiss Politics

Cabinet tightens belt for jets

This content was published on Feb 2, 2012 The move, which will require all ministries to tighten their belts, comes after last year’s parliamentary decision to increase the army budget from SFr4.4 billion to SFr5 billion. The money will cover the jets as well as a 100,000-member army. Because of this the annual army budget needs to be increased to SFr560 million in…

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Swiss Politics

Swiss moot energy deal with EU

This content was published on Feb 1, 2012 Foreign Minister Didier Burkhalter said the deal could be part of parallel negotiations on a solution to institutional issues with Brussels, including an arbitration panel and the application of the EU’s legal standards. He said Switzerland was also willing to discuss controversial tax issues if the EU did not block implementation of separate deals with…

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Swiss Politics

OSCE evaluates Swiss elections

This content was published on Jan 30, 2012 In a report published on Monday, the OSCE had mainly positive feedback for Switzerland after observing last October’s parliamentary elections. During their 19-day stay in Switzerland, the 11 OSCE experts found that the candidates and their parties campaigned freely and actively. They also noted that the elections addressed a variety of economic, social and international…

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Swiss Politics

Ex-UBS trader denies fraud charges

This content was published on Jan 30, 2012 The 31-year-old man, whose actions the Swiss bank says cost it some $2.3 billion (SFr2.1 billion), faces two charges of fraud and two of false accounting in a case that has shaken the investment banking world. The British-educated son of a retired United Nations official from Ghana worked as a director of exchange traded funds…

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Swiss Politics

Europe spoils WEF party in Davos

This content was published on Jan 29, 2012 German Chancellor Angela Merkel set the tone early on by reiterating a strategy of enforcing austerity on Greece and other debt laden eurozone countries in favour of increasing a bailout fund. Merkel’s keynote speech on the opening day urging “more Europe” was greeted with scepticism by the international array of leading business people, politicians, academics…

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How the US is cracking down on Swiss banks

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Five more consulates to disappear

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Business and green interests clash ahead of vote

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20 years after the closure of Zürich’s notorious drug scene

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Swiss “slow” to return Tunisia assets

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Cabinet tightens belt for jets

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Swiss moot energy deal with EU

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OSCE evaluates Swiss elections

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Ex-UBS trader denies fraud charges

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Europe spoils WEF party in Davos

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