May 17, 2012
Asian luxury market boosts Richemont profits
Swiss luxury goods group Richemont posted a steep rise in annual net profit on Wednesday as Asian demand for watches and jewellery showed no signs of abating.
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Photo credit: Andreas Fischler
Swiss bank Wegelin fights US summons
Swiss bank Wegelin, accused by US authorities of conspiring to help clients escape tax payments, has once again refused to appear before a US court claiming on Wednesday the summons was "invalid."
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Photo credit: PHOTOPRESS/Schweiz Tourismus/Andrea Badrutt
Rhine swimmer cuts short 'impossible' quest
Ernst Bromeis, the Swiss swimmer who set out to swim the length of the Rhine, has given up his quest after about 400 kilometres due to health concerns.
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Photo credit: Sotheby's
Historic diamond sells for $9.7 million in Geneva
A centuries-old diamond passed down through generations of European royalty fetched nine million francs ($9.7 million) at auction in Geneva on Tuesday. READ »
Vintage wine sells for $49,000 in Geneva
A bottle of French wine dating back to 1774 fetched 46,000 francs ($49,200) at auction in Geneva on Tuesday.
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More money laundering after Arab Spring
Switzerland's Money Laundering Reporting Office has attributed a major increase in the number of reported cases in 2011 to the Arab Spring.
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Photo credit: o5com (File)
Speed hating: Zurich set to unleash the fury
Zurich residents with reservoirs of pent-up anger will soon be able to vent spleen in a controlled environment as speed hating, a variation on the popular dating events for singles, makes its debut in the city.
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Photo credit: Swiss parliament, Marcin Wichary
Anti-German rant 'worse than euro crisis'
The Swiss tourist trade is continuing to suffer the ill effects of a far-right politician's claim there are too many Germans in Switzerland.
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Swiss stocks fall amid Greece uncertainty
Swiss stocks fell sharply on Monday in line with drops in other European markets as failure to form a Greek government at the weekend stoked concerns over the eurozone debt crisis. READ »
Lucerne double shooter killed himself: police
A 33-year-old Kosovar man who seriously injured his wife and her mother in a shooting incident last week died from self-inflicted injuries, and not from a shot fired by his wife's brother, according to media reports.
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