Switzerland news
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.
- ‘Looking the other way?’ Expensive Rolex watch mysteriously ‘disappears’ on its way to customer, Swiss Post denies theft
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.Apr 13, 2021 17:30World News - Credit Suisse ousts top execs, slashes bonuses amid heavy losses from US hedge fund meltdownSwiss 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.Apr 6, 2021 09:42Business News
- Over 20 detained as police use rubber bullets & tear gas to quell riot in Switzerland (VIDEOS)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.Apr 4, 2021 12:37World News
- India now holds world’s fourth-LARGEST forex reservesIndia’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.Mar 16, 2021 08:08Business News
- Oil trading is bigger contributor to Switzerland’s GDP than tourismOil 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.Mar 9, 2021 10:33Business News
- Swiss voters support ‘burqa ban’ that outlaws wearing of facial coverings in public placesCovering 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.Mar 7, 2021 17:36World News
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