Switzerland

UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management, according to Reuters. “This is…

UBS and the Swiss government signed on Friday an agreement to cover up to 9 billion Swiss francs ($10 billion) in losses from its emergency takeover of Credit Suisse, the country’s largest bank, Reuters reported. The deal comes with…

A Swiss court on Wednesday found Islamic scholar Tariq Ramadan not guilty of rape and sexual coercion in a Geneva hotel 15 years ago, with his accuser immediately indicating she would appeal. The court also decided to compensate the…

Iran has summoned Switzerland’s ambassador over a tweet calling for a stop to executions linked to protests triggered by the death of Mahsa Amini, Tehran’s Foreign Ministry said. The Swiss Embassy took to Twitter on Friday to “strongly…

Tariq Ramadan’s lawyers pleaded Wednesday for the controversial Islamic scholar to be acquitted on the third and final day of his trial in Geneva on charges of rape and sexual coercion. Prosecutors are seeking a three-year sentence for…

Swiss prosecutors said on Tuesday they will seek a three-year sentence for Islamic scholar Tariq Ramadan, a former Oxford University professor charged with rape and sexual coercion. “It would be right to hand down a sentence of three…

Switzerland's top envoy to the United Nations has pledged to work on narrowing gaps over contentious issues such as those related to North Korea and Russia's invasion of Ukraine, as her country is set to serve as a new Security Council…

Switzerland, one of the world’s richest nations, has an ambitious climate goal: It promises to cut its greenhouse gas emissions in half by 2030. But the Swiss do not intend to reduce emissions by that much within their own borders.…

Moderna has allowed its Covid-19 vaccine to be used in a World Health Organisation (WHO) effort to develop mRNA shots that would increase production and access for poor countries. Afrigen Biologics & Vaccines, a South African…

The Swiss government will suspend an agreement that provided for speedy visa approvals for Russian citizens, following a similar measure by the European Union earlier this month. Russian citizens will now need to use the regular visa…