Hungarian sex workers flooding to Zurich

Hungarian sex workers flooding to Zurich

Prostitutes from Hungary are increasingly being sent to work in the red light district on Sihlquai in the centre of Zurich, but they don’t see themselves as victims of trafficking, according to a Swiss researcher.

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Swiss decide not to ban Nazi symbols

A ban on the public display of Nazi symbols such as the swastika was rejected by the Swiss Council of States on Tuesday after an eight-year fight by politicians and associations to introduce a legal change.

Far-right party wants to ‘save Swiss gold’

Far-right party wants to ‘save Swiss gold’

Switzerland's biggest political party SVP is seeking to stop the central bank from selling the country's gold reserves through a citizen's initiative launched on Tuesday.

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UBS halts adverts after rogue trading incident

Swiss banking giant UBS said on Monday it had suspended all its advertising campaigns after the discovery of rogue trading that cost it $2.3 billion.

Switzerland sees record September snowfall

Switzerland sees record September snowfall

Snow fell in the Swiss Alps overnight on Sunday to levels unseen for the month of September, Swiss weather agency Meteosuisse reported on Monday.

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Some Swiss banks refusing cash withdrawals by Germans

Some Swiss banks are not allowing their German customers to make cash withdrawals until a double taxation treaty between Bern and Berlin comes into force, the Swiss Bankers Association (SBA) said on Monday.

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Glencore accused of Zambia exploitation

Copper-rich Zambia is a victim of Swiss-based commodity companies who rake in profits by exploiting developing countries, a new book out on Monday claimed.

Embattled UBS chief to seek vote of confidence

Embattled UBS chief to seek vote of confidence

Banking giant UBS is to hold a board meeting on Wednesday in Singapore, when it will decide whether to maintain support for its chief executive Oswald Gruebel after a rogue trading case, Swiss press said on Tuesday.

Swiss exports fall on franc’s strength

Swiss exports fall on franc’s strength

Swiss exports fell 4.1 percent in August compared to 2010, hit by the strength of the franc, customs authorities said on Tuesday.

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Swiss cut 2012 growth forecast to 0.9%

The Swiss government on Tuesday cut its growth forecast for 2012 to 0.9 percent, citing a worsening world economic environment and the strength of the franc.