Switzerland is a developed country in Europe. Its capital is Bern. Zurich and Geneva are the largest cities and economic centers. One of the country’s principles is armed neutrality. It is not a member of the EU, but part of the Schengen zone.
A Rolex watch worth 8,000 francs ($8,676) has mysteriously disappeared in Switzerland on its way to a customer by mail. The “watch fan” who bought it accuses the postal service of theft, but they insist the evidence is lacking.
Swiss banking giant Credit Suisse said on Tuesday it expects a first-quarter pre-tax loss of around $960.4 million after taking a charge of $4.7 billion as a result of the US hedge fund Archegos Capital collapse.
Police used rubber bullets against rioters who hurled bottles and Molotov cocktails in the northeastern Swiss city of St. Gallen on Saturday. More than 30 people were temporarily banned from entering the city.
India’s foreign exchange holdings amounted to $580.3 billion as of March 5, the country’s central bank has said. Only China, Japan and Switzerland have bigger forex reserves, according to the International Monetary Fund.
Oil and other commodity trading have a much larger share in the gross domestic product (GDP) of Switzerland than its tourism sector, according to data from the Swiss State Secretariat for Economic Affairs cited by Bloomberg.
Covering your face in public for non-medical reasons will become illegal in Switzerland after a proposal dubbed a “burqa ban” was accepted by a narrow margin of voters in a binding national referendum on Sunday.