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The Latest Breaking News from Zurich

Good times: Luxury watchmakers face soaring demand

Zurich (AFP) - Times have been so good for luxury watchmakers that they are running behind demand, forcing some to delay the release of new collections and others to invest more in production capacity.

AFP

In Love: A Memoir of Love and Loss by Amy Bloom review – a courageous, bittersweet howl

The author’s searing account of helping her husband to end his life at Switzerland’s Dignitas clinic is full of heartache… and dark humour

The Guardian - UK

Geneva watch show returns under shadow of Ukraine war

Zurich (AFP) - Switzerland's top luxury watch fair will resurface this week in Geneva after two years of pandemic-induced virtual shows, but Ukraine's raging conflict and Covid lockdowns in China could dampen the mood.

AFP

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Credit Suisse reveals over $900 million exposure to Russia

Zurich (AFP) - Swiss banking giant Credit Suisse said Thursday that its exposure to Russia totalled over $900 million at the end of last year, with "minimal" links to individuals sanctioned over the Ukraine war.

AFP

Davos cold shoulders Russians over Ukraine war

Zurich (AFP) - The World Economic Forum said Wednesday it was freezing all relations with Russian entities, and would not allow anyone on the sanctions list to take part in the annual high-powered meeting in Davos.

AFP

Neutral Switzerland's economy shaken by sanctions on Russia

Zurich (AFP) - Switzerland's newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions, blowing a wind of panic through the raw materials market in particular.

AFP

Thousands protest in Zurich to support Ukraine

Thousands took to the streets on Monday in Zurich, Switzerland's biggest city, where the iconic city hall and Grossmuenster church were lit up in the colours of the Ukrainian flag to express support for Ukraine after the Russian invasion.

Reuters

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'Suisse Secrets' puts Swiss banking back in spotlight

Zurich (AFP) - The "Suisse Secrets" data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland's financial sector, which has spent years trying to clean up its image.

AFP

Nestle cautious on 2022 targets, given rising costs

Zurich (AFP) - Swiss food giant Nestle was cautious Thursday about its 2022 targets in the face of rising costs, despite robust results thanks to its shift towards the booming vegetarian market.

AFP

Strip-search optional: Volunteers to test new Swiss jail

Corrections officials in Switzerland say hundreds of people have jumped at the chance to stay in a new jail in Zurich

The Independent UK

Do I need a Covid test if I’m changing planes? Connecting flight rules for Dubai, Singapore, US and more

Not sure what paperwork you need for your connecting flight? Simon Calder rounds up the rules for all the key aviation gateways, from Abu Dhabi to Zurich

The Independent UK

Mining giant Glencore sets aside $1.5 bn for graft probes

Zurich (AFP) - Mining and commodities trading giant Glencore said Tuesday it had set aside $1.5 billion to resolve corruption investigations in the United States, Britain and Brazil this year.

AFP

Woman tries to 'share flat' by renting a tent on her balcony - for £400 a month

The 27-year-old woman known only as Sandra said that finding a place to live in Zurich can be hard, so to help others she decided to share her flat - but only the balcony, for £400 a month

Daily Mirror

Scandal-plagued Credit Suisse warns profits to take hit

Zurich (AFP) - Credit Suisse warned Tuesday that litigation would hit fourth-quarter profits while its investment bank faces a loss, in the latest blow to the scandal-plagued financial giant.

AFP

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Reuters

Stage set for trial of Switzerland's former star banker

A former 'banker of the year' faces charges including fraud and embezzlement in a Zurich court on Tuesday, in a rare high-profile prosecution in Switzerland's financial services sector.

The Independent UK

Tina Turner, husband snap up vast $76M estate on Lake Zurich

Rock ‘n’ roll icon Tina Turner and her husband have reportedly bought a 70-million Swiss franc ($76 million) estate with 10 buildings, pond, stream, swimming pool and boat dock on Lake Zurich

Daily Mirror

FIFA Best Men's Player full results as Mohamed Salah and Cristiano Ronaldo spots revealed

Robert Lewandowski was the big winner at the FIFA Best Awards in Zurich, Switzerland, on Monday night, as the Polish striker made up for his Ballon d'Or snub in style

AFP

Credit Suisse chief quits over Covid rules breach

Zurich (AFP) - The chairman of Credit Suisse resigned Monday over Covid quarantine violations, leaving the bank's new risk committee chief holding the reins and tasked with trying to stabilise the scandal-hit institution.

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AFP

Head of Credit Suisse resigns over Covid rules breach

Zurich (AFP) - The head of Credit Suisse has resigned less than a year after taking the reins of the scandal-hit bank following reports that he had broken Covid quarantine rules.

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