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Swiss authorities freeze $310 mn allegedly linked to front man of Adani group, Adani Group rejects allegations

Swiss authorities have frozen over USD 310 million in multiple Swiss bank accounts linked to Adani …

PTI   


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4 mins read

A Swiss city cut red tape and ended up with many more homes. It's a model for the US.

New research in Switzerland adds to the international literature finding that upzoning boosts the s…

Eliza Relman   


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1 min read

Credit Suisse will be taken over by banking giant UBS, says Swiss government

Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government has annou…

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Swiss prosecutors have opened an investigation into the takeover of Credit Suisse by UBS, report says

Switzerland's Federal Prosecutor told the Financial Times it was looking into potential breaches of…

Ryan Hogg   


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Swiss authorities have seized a luxury mountain home believed to belong to one of Putin's 'closest oligarchs', report says

The luxury home in Switzerland's Bernese Oberland region is believed to belong to Petr Aven, a clos…

Urooba Jamal   


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Facebook said its Libra cryptocurrency will be regulated by Swiss authorities - but that was news to those Swiss authorities

"Until today we have not been contacted by the promoters of Libra," Hugo Wyler, the FDPIC head of c…

Rebecca Aydin   


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Images show how a Swiss Alps village narrowly escaped being wiped out by a massive rockslide that missed 'by a hair'

Fifty million cubic feet of rock tumbled down the mountainside heading straight for the village of …

Isobel van Hagen   


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Credit Suisse's top execs could face a probe over their role in the banking giant's collapse, Swiss watchdog says

Credit Suisse was rescued by rival UBS last Sunday, bringing down the curtain on its 167-year histo…

George Glover   


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3 mins read

IT dept seeks to prosecute Anil Ambani for holding secret funds in Swiss accounts

The department said he was liable to be prosecuted under Sections 50 and 51 of the Black Money…

PTI   


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India is seeking details on the rise in Swiss bank deposits from the South Asian country

The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen …

PTI   


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1 min read

Get ready for stocks and real estate to crash - and the US economy to crater, 'Rich Dad Poor Dad' author warns

Robert Kiyosaki, who warned of bank runs and troubles at Credit Suisse, slammed the Fed for hiking …

Theron Mohamed   


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Rolex breaks its silence with a rare comment about the shortage of its watches: 'The scarcity of our products is not a strategy on our part'

"Our current production cannot meet the existing demand in an exhaustive way," the Swiss luxury bra…

Dominick Reuter   


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Scientists unravel the mystery behind new plant species found in the Swiss Alps, which only took 150 years to evolve

New plant species in the Swiss Alps only took 150 years to evolve — one of the secrets to its survi…

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3 mins read

How Rolex became the top luxury watch brand in the world from its humble origins as a tool for professionals

Rolex watches have always been expensive, but they were affordable and available if you wanted one.…

Dominick Reuter   


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Oligarchs and other wealthy Russians have stashed up to $214 billion in secretive Swiss bank accounts, leading trade group reveals

The unusual revelation from Switzerland's top banking association, made to Reuters, comes after the…

Huileng Tan   


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US authorities stopped a tanker full of Russian oil products on its way to New Orleans, report says

The US banned Russian energy imports in early March in response to Vladimir Putin's war on Ukraine.

Jennifer Sor   


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1 min read

Russian secret-service agents seized millions of dollars' worth of Swiss luxury watches from Audemars Piguet in apparent retaliation against sanctions

In February, Switzerland departed from its historically neutral status to sanction Russia over its …

Huileng Tan   


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Tax authorities can investigate NRIs with offshore bank accounts until they give consent for information sharing

Only after the authorities are convinced that the money in the account does not belong to the perso…

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Under cover of darkness, hundreds of skiers secretly escaped from COVID-19 quarantines at a resort in the Swiss Alps

Hoteliers realized something was wrong when meals were left outside rooms uneaten and phones went u…

Julian Kossoff   


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A Swiss tax authority wants to be paid as late as possible to avoid negative interest rates

"Considering the long lasting phase of low interest rates in Switzerland and the negative interest …

Ben Moshinsky