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Swiss president sees no need to change banking secrecy
Swiss President Ueli Maurer said on Sunday he saw “no need to change strategy” after fellow financial centre Luxembourg eased its bank secrecy practices. Now is a “dangerous time for Switzerland (but) unlike Luxembourg, Switzerland is not part of the EU” and it meets Organisation for Economic Cooperation and Development…
Famously corporate-friendly Switzerland set to get tough on CEO pay
Switzerland has a reputation as one of the most business-friendly countries in the world. But huge salaries and bonuses for top managers of Switzerland’s listed companies could soon be a thing of the past if voters back a national initiative on Sunday. At least 64 percent of the Swiss population…
Swiss anti-choice activists seek to ban abortions for ‘economic’ reasons
Swiss pro-lifers launched an initiative Tuesday to ban abortions in the country for economic reasons, saying the practice costs hundreds of billions in lost tax revenues. The “Protect life to remedy the loss of billions” initiative was launched by an independent group which needs to gather more than 100,000 signatures…
Authorities shoot Switzerland’s only wild bear after fearing threats to humans
Switzerland’s only recorded wild bear has been culled after fears that it could pose a threat to humans, the authorities announced on Wednesday. The male bear, known as “M13″, was shot dead by wildlife rangers on Tuesday, said Adrian Aeschlimann, spokesman for the Federal Office for the Environment. “The cull…
Forget feathers and beads: At Basel’s carnival Fasnacht, it’s all about politics
Forget feathers and beads: At Basel's carnival Fasnacht, it's all about politics New Orleans, Rio de Janeiro, Venice: All play host to the annual glittering, colorful, and wild extravaganza known as Carnival. But in Basel, Switzerland, the world’s only Protestant masque, celebrations take on a new twist – they get…
U.S. seeks new trade deal on services
The United States will meet representatives of other major economies to try to negotiate a global agreement on the trade in services, the top US trade representative Ron Kirk said Tuesday. “The negotiations will begin in Geneva, Switzerland, with a group of 20 trading partners, who represent nearly two-thirds of…
Swiss environmentalists submit bill aimed at halting immigration
A group of Swiss environmentalists on Friday submitted a bill to the government aimed at reining in immigration in the name of curbing population growth and protecting the environment. The Ecology and Population (Ecopop) first circulated a petition that garnered 120,700 certified signatures, thus easily passing the 100,000-threshold needed for…
Switzerland and Canada lift ban on Novartis flu vaccine
Swiss and Canadian health authorities on Wednesday lifted a ban on sales of flu vaccines made by Swiss pharmaceutical giant Novartis after determining they were safe and efficient. “The partially visible white particles are in no way external impurities, but are agglutinations of ordinary protein components of the vaccine,” Switzerland’s…
Switzerland freezes more assets of Syrians with connections to Assad
Switzerland on Friday adopted new sanctions against Syria, falling into line with decisions taken by the European Union, a statement from the economy ministry in Bern said. It also took action against two men suspected of links with Al-Qaeda and the taliban. Switzerland, which is not part of the EU,…
Scientists introduce ‘nano-velcro’ to detect mercury in water and fish
Scientists in Switzerland and the United States on Sunday said they had created a “nano-velcro” textile that offers a swift, sensitive and low-cost way of detecting mercury, a toxic and accumulative pollutant, in water and fish. The fibres are made out of gold nanoparticles that are coated with compounds called…
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