Swiss Politics

Swiss tighten screws on Gaddafi funds

This content was published on Mar 4, 2011 Friday’s decision by the cabinet brings Switzerland in line with United Nations Security Council sanctions imposed against Libyan officials on February 16. These include an arms embargo, a travel ban on 16 named individuals and financial sanctions against six people, including Gaddafi. Switzerland had already frozen assets belonging to 29 Libyan individuals, but in new…

Swiss Politics

Cabinet proposes fast-track naturalisation

This content was published on Mar 4, 2011 The text lists the conditions for naturalisation, provides incentives for immigrants integrating quickly, eliminates duplication at various government levels and simplifies application procedures. In an announcement on Friday, the government said the new law would replace the one in existence since 1952, and would take into account provisions set out in the country’s foreigners’ law…

Swiss Politics

EU urged to tackle euro slide

This content was published on Mar 4, 2011 The euro fell 17 per cent against the Swiss franc last year and looks set to remain depressed as European Union member states struggle to make ends meet. Swiss exporters have seen profits eroded as the cost of their goods spirals in Europe. Although Switzerland is playing no direct role in bailing out Greece and…

Swiss Politics

Switzerland paid Hannibal Gaddafi SFr1.5 million

This content was published on Mar 4, 2011 The payment was made to Hannibal Gaddafi, a son of the Libyan leader Moammar Gaddafi, whose arrest in 2008 by Geneva authorities on charges of mistreating his servants at a luxury hotel in the city caused a crisis between the two countries. A spokesman for the ministry said the payment was made as part of…

Swiss Politics

Tamoil issue fuels debate in Switzerland

This content was published on Mar 3, 2011 The Collombey refinery in canton Valais and the petrol stations are part of the Dutch-based Oilinvest group, which belongs to the Libyan Investment Authority (LIA). Although the LIA belongs to the Libyan state, and its purpose is to invest money for the good of the country as a whole – as a sovereign wealth fund…

Swiss Politics

Former UBS banker bailed in tax evasion case

This content was published on Mar 3, 2011 The 45-year-old, who previously worked as an investment advisor for UBS, was ordered to pay $500,000 (SFr465,000) for his release, Reuters news agency reported on Thursday. The man, who now works for Credit Suisse, is charged with aiding around 150 UBS clients evade paying taxes on assets worth up to $500 million between 1999 and…

Swiss Politics

Alpine transit traffic still far from goal

This content was published on Mar 3, 2011 It wants alpine freight to be moved from road to rail as a way of protecting the mountains from increased road traffic and has set a goal of a maximum 650,000 trucks per year by 2018/19. A statement said that the number of trucks passing through the Alps rose by 77,000 to 1.25 million in…

Swiss Politics

Libyan diplomat refuses Gaddafi posting

This content was published on Mar 3, 2011 Muhammad Murad Hamimah said he would not take up the post. He accused the Gaddafi regime of “committing acts of violence against the people, and the use of mercenaries”. He said he “stood by the Libyan revolution”, which is attempting to overthrow the dictatorship. swissinfo.ch received a statement from the Libyan envoy – who was…

Swiss Politics

Aid increased for Libyan refugees

This content was published on Mar 3, 2011 Eight Swiss humanitarian aid experts have been on the Libyan border since the weekend, helping with water and sanitation. Switzerland has already donated SFr500,000 to the International Committee of the Red Cross. Also on Thursday Swiss Solidarity, a charity led by swissinfo.ch’s parent body, the Swiss Broadcasting Corporation, launched an appeal for donations for North…

Swiss Politics

Switzerland condemns Pakistani killing

This content was published on Mar 2, 2011 A statement issued by the Swiss foreign ministry called for the crime to be investigated and the perpetrators to be brought to justice. The ministry had learned “with consternation” of the killing of Shahbaz Bhatti, and expressed condolences to the Pakistani government and the family of the victim, it said. “The foreign ministry emphatically condemns…

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Swiss tighten screws on Gaddafi funds

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EU urged to tackle euro slide

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Switzerland paid Hannibal Gaddafi SFr1.5 million

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Tamoil issue fuels debate in Switzerland

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Former UBS banker bailed in tax evasion case

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Alpine transit traffic still far from goal

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Libyan diplomat refuses Gaddafi posting

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Aid increased for Libyan refugees

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Switzerland condemns Pakistani killing

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