Finance and neutrality,linchpins of Switzerland for so many years,have left it exposed like never before. Everything is going wrong at once.
Swiss authorities imposed curbs on bonus payments for Credit Suisse employees,a move that will penalise bankers after a multi-billion-franc state rescue of the bank.
A key element of Credit Suisse’s ‘rescue’ was a Swiss regulator’s decision to declare $26 billion of the bank’s bonds worthless. Other central banks are scrambling to distance themselves.
For decades,Switzerland has sold itself as a haven of legal certainty for bond and equity investors. The collapse of Credit Suisse has raised some hairy questions.
As the demise of Credit Suisse reverberated from Sydney to New York City on Monday,workers were given a clear message:get back to work.
UBS has,reluctantly and with a lot of help from the Swiss government,come to Credit Suisse’s rescue.
As express trains go,the one that runs between two of Switzerland's best-known tourist towns is the world's worst. But I don't care.
The makers of Toblerone are stripping images of Switzerland’s famed Matterhorn and the Swiss flag from some of its bars to conform with strict rules about how products qualify for the coveted “Swissness” moniker.
Newly declassified Swiss records show Patriarch Kirill,who already shares a name with Vladimir Putin,also had a non-religious mission.
A parasite rife in Asia infects patients with malaria but blood tests were sometimes unable to detect it – until pioneering work by local scientists.
It's cramped,dark and dull in this airport that is so bland you could be in any nondescript waiting area,anywhere.