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Business & Money - The Local

SNB moves to stabilize franc after Brexit vote
The SNB is worried about the franc's strength. Photo: AFP

Central bank intervenes in the foreign exchange market to stabilize the franc following Brexit.

Switzerland's Nespresso to bring Cuban coffee to US
A plantation on the Sierra Maestra Mountains, in eastern Cuban province of Santiago de Cuba. Photo: AFP

Nestle-owned Nespresso announced Monday it will reintroduce Cuban coffee to the US for the first time in more than 50 years following the easing of United States sanctions on Cuba.

Sufficiently Swiss: at least 60% for watches
Swiss watches on display at the Baselworld16 exhibition in May. Photo: AFP

Switzerland adopted regulations on Friday requiring that locally-made parts account for at least 60 percent by value in order for watches to bear the coveted and lucrative "Swiss Made" label.

Brexit
Swiss central bank warns of Brexit 'turbulence'
Pro-Europe supporters including Bob Geldof on the Thames in London on Wednesday. Photo: AFP

The head of Switzerland's central bank warned on Thursday that the Swiss economy could face turbulence if Britain opts to exit the EU in next week's referendum, vowing to "take measures if required".

Swiss bankers expect influx of funds in case of Brexit
Opinion polls show the race for the June 23 referendum is neck and neck. Photo: AFP

Swiss wealth managers said Friday they would expect an influx of funds from skittish international investors if British voters choose to leave the European Union in a June 23 referendum.

Geneva’s local currency launches in Lausanne
Shoppers in Lausanne could soon be able to use lémans instead of francs. Photo: Lausanne Tourism

The léman, a local currency that launched in Geneva last autumn, is to be extended to Lausanne.

Basel approves tallest building in Switzerland
Roche's Building 1, which opened in 2015, is currently Switzerland's tallest. Photo: Fabrice Coffrini/AFP

Pharma company Roche will beat its own record.

Report: Swiss economy more competitive than US
File photo: IMD

Switzerland has the most competitive economy in Europe and the second most competitive in the world.

Former head of Zurich Insurance dies aged 59
Martin Senn stepped down from Zurich Insurance last year. Photo: Zurich Insurance

Martin Senn took his own life on Friday, the company has announced.

Swisscom fined millions for dominating sports TV
Photo: Swisscom

Switzerland's main telecomms group has been fined 71.8 million Swiss francs by the Swiss competition authorities.

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.

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Nestlé celebrates 150 years with museum openings
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Murderer escapes from Swiss psych hospital
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8 fantastic reasons to visit French-speaking Switzerland
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Swiss village to make world’s biggest meringue
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National
Gotthard base tunnel: what you need to know
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Swiss cantons team up to vie for winter Olympic games
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Basel: Muslim schoolboys must shake hands or face fine
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Brother of Belgian bomber wins gold in Switzerland
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Snow puts end to hottest weekend of year so far
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Swiss court vetoes wedding of couple with 50-year age gap
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