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The Latest Breaking News from Zurich

Credit Suisse shares slump 64% after UBS deal

LONDON/ZURICH: Shares in Credit Suisse dropped 64% after the market opened on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.

Bangkok Post

Credit Suisse bounces back but investors cautious

ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Bangkok Post

Credit Suisse says it will borrow up to $53.7bn from central bank

ZURICH: Credit Suisse announced Thursday that it would borrow almost US$54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.

Bangkok Post

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Credit Suisse to borrow up to $54bn amid banking crisis fears

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

Al Jazeera

Credit Suisse woes rock Wall Street

Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.

Bangkok Post

Major letting agreed at former Zurich Insurance HQ in Gloucestershire

Polo Works, a commercial insurance service provider, will move 300 of its staff into the Grange business park this summer

Birmingham Post

Alfa Romeo’s mystery F1 2023 launch floor was a total fake

The Hinwil-based operation was the first squad to unveil a genuine 2023 challenger earlier this year at an event it held in Zurich.

Motorsport

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Alfa Romeo's mystery F1 2023 launch floor revealed as a fake

The Hinwil-based operation was the first squad to unveil a genuine 2023 challenger earlier this year at an event it held in Zurich.

Autosport

Lewis Capaldi ‘devastated’ after doctor advises him to postpone Zurich and Milan shows

‘As lots of you know for the past few nights of tour I’ve been really struggling with my voice,’ singer wrote

The Independent UK

Lewis Capaldi issues apology to fans as he postpones two gigs after bronchitis diagnosis: ‘I’m devastated’

The singer has postponed his Zurich and Milan shows in the wake of his health woes

Evening Standard

Lewis Capaldi left 'devastated' after he's forced to postpone Zurich and Milan shows due to ill health

The Scottish singer announced the devastating news on his social media on Monday

Manchester Evening News

Lewis Capaldi issues heartfelt apology to fans as bronchitis diagnosis sees two world tour gigs postponed

The Pointless singer admitted he was "absolutely devastated" to postpone his Zurich and Milan shows due to advice from the "voice doctor" after a bronchitis diagnosis.

Daily Record

In living colour: the forgotten photographs of Werner Bischof

The photographer’s colour images have been restored by his son, and document the rubble of Europe after the second world war and much more

The Guardian - UK

Bankers on trial in Zurich accused of aiding man known as ‘Putin’s wallet’

Four Gazprombank executives accused of ‘due diligence’ failure in helping Sergey Roldugin deposit millions of Swiss francs

The Guardian - UK

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The Guardian - UK

‘One billionaire at a time’: inside the Swiss clinics where the super-rich go for rehab

The long read: For the ultra-wealthy and the super-famous, regular therapy won’t do

Bristol Post

Bristol Airport launches Zurich flights to link city with Switzerland and Alps

Bristol is apparently one of the most popular UK cities for Swiss visitors

Birmingham Post

Bristol Airport flights to Switzerland launched, creating 'huge' trade opportunity

Switzerland’s national airline SWISS is planning to increase the frequency of it service between the South West transport hub and the country’s financial centre

The Guardian - UK

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

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Tribune News Service

Yellen sets surprise meeting with China’s vice premier in Switzerland

WASHINGTON — U.S. Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Wednesday in Zurich, making a detour on her way to talks in Africa.

Reuters

Davos 2023: Yellen to meet China's vice premier Liu He - U.S. Treasury

U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said.

Evening Standard

Jonas Eidevall makes transfer admission as Arsenal thrash Zurich in Champions League

Arsenal boss Jonas Eidevall is targeting new signings after his side secured a seeded spot in the quarter-finals of the Champions League.

The Independent UK

Frida Maanum nets hat-trick as Arsenal hammer Zurich in Champions League

The Gunners now need to wait until February 10 to discover who they have drawn in the quarter-final.

The Independent UK

Four best European Christmas markets to visit by train

It all started in Germany in the 15th century – and European Christmas markets have been attracting visitors ever since. Bernadette Fallon selects the best ones to reach by rail

The Times of India

Credit Suisse looks to speed up cuts as revenue outlook worsens

ZURICH: Credit Suisse is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Friday, as client outflows and a slowdown in activity weigh on the Swiss bank's revenue outlook.

The Times of India

Credit Suisse expects Q4 pre tax loss of up to $1.58 billion

ZURICH: ZURICH: Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) during its fourth quarter, the embattled Swiss bank said, as it prepares to ask shareholders permission for a $4 billion equity hike.

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