Switzerland Financial News

Language purists in Germany are up in arms over what they see as a linguistic invasion of the Anglophone apostrophe used in the genitive case to indicate ownership or possession, which is called Deppenapostroph — idiot's apostrophe — in German. Earlier this year, the official body that regulates the use of Standard High German relaxed the traditional proscription of the apostrophe to denote belonging. Following this, the new edition of the Council for German Orthography's style guide, which prescribes grammatical correctness for schools and government agencies in the country, Austria, and German-speaking Switzerland, permits the usage of Eva's Blumenladen (Eva's Flower shop) and Peter's Taverne (Peter's Bar). The official recognition given to the genitive apostrophe is bowing to the inevitable. Signs displaying 'Rosi's Bar' and 'Kati's Kiosk' have been commonplace in Germany, though according to tradition they ought to be 'Rosis Bar' and 'Katis Kiosk'.

Lombard Odier — one of Switzerland's oldest private banks — was indicted by Swiss prosecutors for «aggravated money laundering.»

Swiss watchmaker Swatch has won a suit against the Malaysian government after a court ordered the return of 172 Swatch watches seized last year due to designs that authorities said bore LGBT elements

Adrian Bosshard knows as much about time as he does about speed—he is the CEO of Rado and a former Swiss motorcycle champion. As head of Rado, he has overseen the brand’s growth over the past four years, with India emerging as its top sales market in 2023 and 2024.

EFTA, an official statement said on Saturday. The agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), was inked in March. The implementation date has not yet been finalised.

The Swiss government says it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of Swiss-made small-caliber ammunition ended up in Ukraine in violation of Swiss law

bad loan aggregator National Asset Reconstruction Co (NARCL) is set to take over the distressed textile company Sri Govindaraja Mills after its ₹270 crore offer to lenders did not receive competing bids. Chennai-based Sri Govindaraja has been a non-performing asset for five years and owes creditors led by Canara Bank more than ₹750 crore. The ₹270 crore offer from NARCL equates to a 36% recovery for lenders. NARCL will pay banks through a mix of 15% cash upfront and 85% security receipts which can be redeemed later. This is the second asset NARCL has been selected as the winning bidder. Last month its ₹300 crore offer for ₹1,773 crore loans in Bareilly Highways Project received no counterbids during a Swiss challenge auction.

Subscribe to enjoy similar stories. Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. Exports to Europe during the April-October period reached $5.66 billion, marking a 6.39% increase compared to $5.32 billion in the same period of FY24.

Subscribe to enjoy similar stories. The U.S. could face a sharp rise in borrowing costs and turmoil in financial markets as soon as next year if government debt continues to pile up rapidly, according to insurance giant Swiss Re’s group chief economist.

Swiss chocolate company Lindt & Sprüngli has found itself at the centre of a legal controversy in the United States. In 2023, a class action lawsuit was filed against the company, accusing it of misleading consumers about the quality of its products. The case stems from allegations that Lindt’s premium dark chocolate contains significant amounts of lead and cadmium, two heavy metals known to have harmful effects on health. The legal dispute began after a 2022 Consumer Reports study, which highlighted the presence of alarmingly high levels of lead and cadmium in Lindt’s Excellence Dark Chocolate 85% Cocoa and Excellence Dark Chocolate 70% Cocoa. The study, which examined several brands of dark chocolate, raised concerns about the long-term health effects of consuming chocolate with high metal levels. Lindt, however, was the focus of much of the backlash. In its defence, Lindt claimed that «lead and cadmium are unavoidable in the food supply» and insisted that the trace amounts in its products were well within regulatory limits. The company further argued that marketing terms like “expertly crafted” and “finest ingredients” were simply promotional language, or “puffery,” which should not be taken as literal guarantees. This legal strategy was intended to have the case dismissed, but it only sparked further criticism.

Schloss Schauenstein isn't just a meal, it's a journey. Located in Furstenau, the 'smallest town' in the world, near the Italian-Swiss border, the castle is a 1.5-hr drive from Zurich. The 5-hr round trip may sound excessive for lunch, but, boy, is it worth it. Chef Andreas Caminada opened Schauenstein's restaurant in 2003, blending creativity with the region's bounty. Unlike traditional French tasting menus, Caminada's offerings are a multi-sensory delight. Local ingredients like red cabbage, pikeperch and langoustine are transformed into exquisite courses that are as imaginative as they are delicious. Each dish is accompanied by a collectable card detailing its preparation and wine pairing, adding storytelling to the experience.

In a report published on Monday (18 November), the financial watchdog said migration to the T+1 settlement should take place by an «optimal date» of 11 October 2027, while urging a «coordinated approach» across Europe to achieve this timeline. The regulator said it considered the industry to need at least 31 months to prepare and make the necessary investments and adapt processes, as well as the urgency to address the «misalignment» with international capital markets. IA urges UK, EU and Swiss regulators to align T+1 settlement rollout timeline ESMA said the operationalisation of T...

As Donald Trump threatens to impose tariffs on the entire world, Xi Jinping is once again wasting no time in positioning himself as the premier defender of the international trading system.

As a 27-year-old, Bivin Sonthalia already owns three apartments in Kolkata, two funded by him and the third bought jointly with his brother. He didn’t hit a lottery or get a windfall from stock options.

For the previous week, India's foreign exchange reserves dropped to $682.13 billion as of Nov 1. India's forex kitty: With its growing economic strength, India has achieved the significant feat of joining the ranks of the world's largest foreign exchange reserves, securing the 4th position globally after China, Japan, and Switzerland.

Hundreds of curious shoppers, many equipped with rain gear and folding camping stools, lined up for hours in the western German city of Aachen Thursday to get a first taste of a trendy new confection known as “Dubai chocolate."

At Technovation, science takes centre stage, playing a crucial role in the evolving landscape of tobacco alternatives. Philip Morris International (PMI) recently hosted its ninth Technovation event ‘30 years of innovation, 10 years of progress at the Cube, its R&D centre in Neuchâtel, Switzerland. In this context, PMI’s Chief Communications Officer, Dr. Moira Gilchrist, shares her perspective on the critical role of science & technology in driving PMI's commitment to a smoke-free future.

Subscribe to enjoy similar stories. Think of wine while in Europe, and France, Spain and Italy spring to mind. Switzerland is better known for its cheese and chocolates.

Delhi overtook Lahore on Wednesday to become the world's most polluted city in Swiss group IQAir's live rankings. India's pollution control authority said the national capital's 24-hour air quality index (AQI) score had touched 418. The pollution levels touched the 'severe' category for the first time this season as temperatures and wind speeds dropped, reducing visibility and affecting some flights. At least eight flights were diverted from the city's Indira Gandhi International Airport, news agency ANI reported. The Central Pollution Control Board defines an AQI reading of 0-50 as «good», and above 401 as «severe», which affects healthy people and seriously impacts those with existing diseases.

Russian clients that UBS took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world's biggest wealth managers. The U.S. sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry, two people familiar with the matter told Reuters. A U.S. official, asking not to be named, said the Swiss bank and the enforcer have held discussions. OFAC, or the Office of Foreign Assets Control, the globe's most powerful sanctions agency, wrote to UBS in recent weeks, said one of the people.