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Business & Money - The Local

Singapore boots out scandal-hit Swiss bank
File photo: The Local

Singapore's central bank is kicking out Swiss bank BSI due to its links to a global money-laundering scandal.

Pink diamond sold for record-breaking $31m in Geneva
The buyer was a private individual from Asia. Photo: Fabrice Coffrini/AFP

A diamond named 'Unique Pink' makes history by selling for $31 million at a Geneva auction house.

Credit Suisse suffers first quarter losses
File photo: Emmanuel Dunand

Plunging client activity and difficult market conditions sent Switzerland's second largest bank into a net loss of 302 million Swiss francs.

Swiss economy must save billions, warns minister
Photo: Marcel Grieder

Switzerland faces spending cutbacks as the federal government looks to save three billion francs.

Swiss banker resold cheap HIV drugs meant for Africa
A South African woman is tested for HIV by an health worker working with Doctors withour borders (MSF) at a mobile clinic. File photo: AFP

A former Swiss banker illegal earned over €1 million by selling HIV medication meant for poor people in southern Africa to customers in Europe, authorities say.

Lidl uses German mountain to promote its Swiss products
The Watzmann mountain is not in Switzerland. Photo: Heinrich Plum

German supermarket chain Lidl has been left with egg on its face after a recent advertising campaign

Brexit
Brexit would leave expats in 'ghastly' legal limbo for years
Photo: Paul Lloyd/FLickr

The rights of two million Britons living in the EU would be thrown into doubt for years after Brexit, a new report will conclude.

Glencore cuts copper and zinc production as prices fall
Photo: AFP

Commodities giant Glencore said on Wednesday it had cut its copper and zinc production in the first quarter as it struggles to rein in an abundance of supply that has sent prices plummeting.

Banking
UBS share price tumbles on lower profit result
Photo: AFP

UPDATED: Swiss banking giant UBS on Tuesday saw its share price plummet after jittery investors helped push its first quarter net profit down by nearly two thirds.

Swiss watch exports take sharp plunge
File photo: Bertrand Langlois/AFP

Global exports of Swiss watches plummeted 16 percent in a year.

Sapphire-toughened screens win Swiss invention prize
The Grand Prix was awarded to Hong Kong Baptist University professor Cheah Kok-wai, of the Cathay Photonics company. Photo: Cathay Photonics

A Hong Kong professor on Friday won the grand prize at this year's Geneva inventions show for a new method of toughening screens for smartphones and other devices to avoid cracks and scratches.

China's HNA offers $1.5b for Switzerland's gategroup
Swiss-bassed Gate Gourmet is part of gategroup. Photo: AFP

Chinese conglomerate HNA agreed to buy the Swiss airline catering company gategroup on Monday for 1.4 billion Swiss francs ($1.5 billion, €1.3 billion), with gategroup's management endorsing the offer.

Swiss company Glencore in billon-dollar deal
Photo: Fabrice Coffrini/AFP

Glencore will sell nearly half of its vast agriculture business to a Canadian pension fund for $2.5 billion.

Novartis drug firm faces Turkey bribe probe
A building at Novartis's campus in Basel, Switzerland. Photo: Novartis

Did the Swiss drug firm bribe Turkish health ministry officials?

Credit Suisse to shed more jobs, slash costs
Tidjane Thiam is restructuring the bank. Photo: Fabrice Coffrini/AFP

Credit Suisse is to axe thousands more jobs.

File photo: Abhishek Jacob
Lifestyle
Swiss court vetoes wedding of couple with 50-year age gap
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Eat, learn, live: unforgettable holidays in France
Photo: Filippo Monteforte/AFP
Culture
Dog day afternoon: Swiss saint meets Pope in Rome
Photo: Fabrice Coffrini/AFP
Business & Money
Pink diamond sold for record-breaking $31m in Geneva
Sponsored Article
Becoming an expat: where to start
File photo: Candida Performa
Lifestyle
Revealed: living in Switzerland could prolong your life
Photo: Cervo
Travel
In pictures: Switzerland’s most welcoming hotels
Photo: Aargau cantonal government
‘Beast of Rupperswil’ was local football coach
Photo: Fabrice Coffrini/AFP
Features
Geneva exhibition marks 200 years of Frankenstein
Photo AFP
National
Swiss basic income campaign sets Guinness world record
Photo: St Gallen police
Society
Police hunt killer of man shot dead in St Gallen street
File photo: Martin Abegglen
Society
Presumed jihadist could have Swiss nationality quashed
Photo: Zurich Zoo
Culture
Gallery: giant tortoise at Zurich Zoo is mother at 80
Photo: Caroline Bishop
Society
Swiss farmer loses appeal in row over noisy cow bells
Photo: Esparta Palmer
Health
44-year-old woman refused fertility treatment on insurance
File photo: Thomas Coex/AFP
Society
Jilted admirer shocks woman with tattoo... of her face
File photo: Flickr
Health
Swiss school eyes longer holidays for non-smoking staff
Photo: Fabrice Coffrini/AFP
National
Swiss basic income vote: what you need to know
 Photo: Heinrich Plum
National
Lidl uses German mountain to promote its Swiss products
Photo: Illiz Architektur
This old Swiss army bunker is now an incredible new pool
Photo: Stephan Engler
National
Survey reveals some Swiss ‘never’ cross linguistic divide
Society
Swiss parliament snubs plan for two weeks paternity leave
File photo: Giovanni Blank
Lifestyle
Fathers should share parental leave, says commission
Photo: eGuide Travel
Society
Dictator-tracker spices up Geneva planespotting
File photo: Fabrice Coffrini/AFP
Politics
Swiss army ready to act in worst case migrant scenario
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