Central bank expects healthy profit for 2011

Central bank expects healthy profit for 2011

Switzerland's central bank said on Friday that it expects to post a significant profit for 2011 after taking advantage of rising gold prices and positive foreign currency trades.

Novartis cuts 2,000 US jobs after patent loss

Novartis cuts 2,000 US jobs after patent loss

Swiss pharmaceutical company Novartis has again drastically reduced its workforce in the United States to deal with the expiry of an important patent and its failure to get traction on other drugs,
the firm said on Friday.

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Dad killed daughter in brutal axe murder

A Swiss prosecutor has described as a "veritable slaughter" the vicious axe murder of a 16-year-old girl by her 53-year-old Pakistani father, who believed his daughter had tarnished her family's honour.

Swiss top Big Mac index with ‘meaty’ franc

Swiss top Big Mac index with ‘meaty’ franc

Switzerland has the world’s most overvalued currency, according to The Economist's 'Big Mac Index', a study comparing the price of McDonald’s most famous burger with the cost of living in 100 countries.

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Becker ordered to pay up in wedding fee dispute

A Swiss court has ruled that German tennis legend Boris Becker must pay the minister who presided over his nuptials 3,400 francs ($3,600) in a long-running dispute over the wedding fee.