A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in the Swiss canton of Ticino on Friday.
Although better known today for their colourful uniforms than their centuries-old reputation as fearless warriors, the Swiss Guards remain a powerful symbol of the Vatican. The Local speaks to David Geisser, one of the latest recruits, about a career protecting popes.
Swiss utility company Axpo said on Friday that eroding wholesale prices for electricity have forced it to write down 1.5 billion francs on the value of its power plants and energy supply contracts.
Major banks in Switzerland say they have no intention of charging small savers negative interest rates in the wake of the Swiss National Bank's decision this week to charge such rates to financial institutions.