Britain and Switzerland sign tax agreement

Britain and Switzerland sign tax agreement

Britain and Switzerland signed an agreement on Thursday which will allow the taxing of previously hidden funds held by Britons in Swiss bank accounts.

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Pear-shaped 110-carat diamond to go under hammer

One of the world's largest diamonds, a pear-shaped 110.3-carat yellow rock, will go under the hammer in Geneva in November expecting to fetch about $15 million, an auction house said Thursday.

Strong franc prompts unemployment fears

Strong franc prompts unemployment fears

A leading Swiss official has expressed fears that companies will begin massive lay-offs and relocate production to more competitive countries unless the country's soaring currency can be reeled back in.

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Court win for woman paid 40% less than colleague

Switzerland's Supreme Court has ruled in favour of a woman who sued her company for gender discrimination after she found she was earning 40 percent less than the male co-worker she was supervising.

Swiss court raps UEFA over Sion expulsion

Swiss court raps UEFA over Sion expulsion

A Swiss regional court on Wednesday ordered UEFA to reinstate FC Sion to the Europa League or be fined 1,000 francs ($1,084)) for each day it refuses to implement the ruling, the Swiss football club said.

Two more UBS officials resign over rogue trading

Two more UBS officials resign over rogue trading

UBS, Switzerland's top bank, said on Wednesday that two more officials have resigned following a $2.3 billion rogue trading scandal which cost chief executive Oswald Grübel his job.