Three beards that rocked the Alps

Three beards that rocked the Alps

A bevy of bearded gentlemen battled it out in idyllic Alpine surroundings on Sunday to see who would have his facial hair declared the most elegant in Switzerland.

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Foreigners deposit less money in Swiss banks

Deposits in Swiss banks by foreign private clients have dropped by 73 billion francs ($92.5) over the course of the last year, according to recent statistics from the Swiss National Bank (SNB).

Swiss president slams US tax tactics

Swiss president slams US tax tactics

Swiss president Micheline Calmy-Rey has described as “legally unacceptable” the increasing demands from US tax authorities for data from Switzerland on alleged tax evasion by Americans.

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UBS announces 3,500 job losses

Swiss banking giant UBS on Tuesday announced plans to slash 3,500 jobs in order to make savings of some 2 billion Swiss francs ($2.5 billion).