Switzerland's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

You are here: Home > Archive > 2014 > Dec > 19

Archive for Fri, 19 Dec 2014

Ex-banker admits lying over French tax fraud

Ex-banker admits lying over French tax fraud

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.

Swiss spills beans about guarding the pope

Swiss spills beans about guarding the pope

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.


Massive write-downs soak Axpo in red ink

Massive write-downs soak Axpo in red ink

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.

Banks vow negative rates won't be passed on

Banks vow negative rates won't be passed on

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.