The Swiss stock market plunged 4.15 percent in Thursday afternoon trade in a broad global sell-off driven by fears the global economic risked falling into recession.
Swiss cities and national train operator (SBB) are planning a massive extension of public surveillance systems by installing more closed-circuit television (CCTV) cameras in public areas.
Switzerland has decided to recall its ambassador to Damascus for consultations in protest at Syria's crackdown on protestors, the foreign ministry said on Thursday.
Swiss cement giant Holcim said on Thursday its 2011 first half net profit fell by 4.2 percent to 586 million francs ($735.3 million), due to the franc's strength.
The Swiss government said on Wednesday it would spend two billion francs ($2.5 billion) to counter the impact of the strong franc on the domestic economy.