• Switzerland edition
 
Zurich taxis charge world’s highest fares
Taxis in Zurich cost more than in 17 other major cities. Photo: eGuide Travel

Zurich taxis charge world’s highest fares

Taxis in Zurich are the most expensive in the world, according to a new survey. Hailing a cab in the Swiss city will cost you more than other major cities including Paris, London and New York. READ  

UBS turns in strong profits despite disputes
UBS achieved a 15 percent net profit rise. Photo: Martin Abegglan

UBS turns in strong profits despite disputes

Leading Swiss bank UBS turned in a strong profit performance in the second quarter, but highlighted on Tuesday the stark risks financial institutions face from campaigns by tax and regulatory bodies. READ  

Strong franc eats into Roche first-half profits
Photo: Roche

Strong franc eats into Roche first-half profits

Pharmaceutical giant Roche on Thursday said its first-half profit fell by seven percent to 5.6 billion francs ($6.2 billion), hit by the strength of Switzerland's currency. READ  

UBS 'to pay French $1.5 billion over tax evasion'
Photo: Martin Abegglen

UBS 'to pay French $1.5 billion over tax evasion'

Swiss bank UBS was on Wednesday charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said. READ  

Renewable energy activities hit ABB results
Photo: Roland Zh

Renewable energy activities hit ABB results

Swiss-Swedish engineering group ABB said its profits fell in the second quarter, pulled down by renewable energy activities, despite strong orders, particularly in North America. READ  

Geneva bank CBH snaps up Portuguese interests
Photo: (Detail) AFP

Geneva bank CBH snaps up Portuguese interests

The main shareholder of troubled Banco Espirito Santo (BES) was placed in receivership on Tuesday as the parent group announced it has sold off the bulk of its Swiss-based activities to Compagnie Bancaire Helvétique, a Geneva-based bank. READ  

Hackers exploit 'holes' in Swiss online banking
Photo: Philippe Huguen/AFP/File

Hackers exploit 'holes' in Swiss online banking

Computer hackers are using a “trojan horse” virus to target users of 16 Swiss online banking sites, according to reports from security experts who liken the “holes” in internet banking security to Emmental cheese. READ  

Strong franc dents Swatch first-half profits
Photo: Swatch

Strong franc dents Swatch first-half profits

Swatch, the world’s biggest watch company, recorded lower profits for the first six months of 2014 compared to the same period a year earlier, as the strong Swiss franc took its toll. READ  

Tax evasion fine soaks Credit Suisse in red ink
Photo: AFP

Tax evasion fine soaks Credit Suisse in red ink

Credit Suisse, Switzerland's second-largest bank, posted an unexpectedly big net second-quarter loss on Tuesday as a huge US tax evasion fine sent it deep into the red. READ  

Julius Bär faces US penalty over tax evasion
Photo: Sporst

Julius Bär faces US penalty over tax evasion

Julius Bär said on Monday it expects to strike a deal with American authorities over a probe into the Swiss bank's role in helping Americans evade taxes by the end of the year. READ  

ABB and Volvo team up for rechargeable buses
Prototype of the bus tested by Geneva transit company TPG. Photo: ABB

ABB and Volvo team up for rechargeable buses

Electric buses which can recharge their batteries fast when at bus stops are to be developed by Swiss-Swedish engineering group ABB and Volvo Buses of Sweden, ABB said on Monday. READ  

Swiss ice cream sales continue to melt: report
Photo: Giuseppe Cacace/AFP

Swiss ice cream sales continue to melt: report

The news is perhaps fitting given the poor summer Switzerland is experiencing so far this year: Swiss residents are eating less ice cream, new figures show. READ  

Switzerland's Swatch to open stores in India
Photo: AFP

Switzerland's Swatch to open stores in India

Swatch has applied to set up stores in India, a report said on Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class. READ  

Novartis reports sharply higher half-year profits
Photo: Sebastien Bozon/AFP

Novartis reports sharply higher half-year profits

Swiss pharmaceutical giant Novartis says its net profits for the first half of 2013 shot up by 13 percent from the same period a year earlier as it stuck by its forecast of continued sales growth across the year. READ  

UK gains tax millions from leaked Swiss data
Photo: AFP

UK gains tax millions from leaked Swiss data

Britain has recovered £135 million ($231 million) from clients named on a leaked list of HSBC's private banking operation in Switzerland, the tax authority said on Wednesday. READ  

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