India to get info on ‘black money’ in Swiss banks

India to get info on ‘black money’ in Swiss banks

India's finance minister on Wednesday said New Delhi will receive information from Swiss authorities on Indian nationals who have stashed funds in secret bank accounts in the country.

MPs vote in Widmer-Schlumpf as president

MPs vote in Widmer-Schlumpf as president

Switzerland ushered in a new government on Wednesday, with its popular finance minister and new president successfully fending off attempts by a far-right party to claim a second cabinet seat.

placeholder image

Swisscom takes 1.2 billion franc hit

Telecoms firm Swisscom said on Wednesday it expected a drop in profit this year of 1.2 billion Swiss francs ($1.3 billion) owing to its struggling Fastweb subsidiary in Italy amid tough economic conditions.

Swiss ATM thieves in cash-trapping scam

Swiss ATM thieves in cash-trapping scam

ATM scammers in Switzerland have begun using the so-called 'cash-trapping' method to steal money from customers without them realizing they've been duped. 

placeholder image

Swiss anger over spate of crosswalk accidents

Authorities in Zurich and Winterthur have recorded 13 accidents on crosswalks in just one month, leaving one woman dead and 12 others injured, some of them seriously.

placeholder image

Madoff liquidator seeks $375 million from Credit Suisse

The liquidator of the Madoff pyramid scheme case is seeking $375 million from Credit Suisse to be used to repay investors duped of billions of dollars in the scandal.

placeholder image

Swiss parliament votes for new cabinet

Switzerland's parliament is set to elect a new government cabinet on Wednesday, with the far-right Swiss People's Party (SVP) eager to boost its presence on the seven-member Federal Council.