Cyber-attacks biggest risk for Swiss banks – watchdog

By Michael Shields BERN, March 27 : Cyber-attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defences against the menace. “The risks connected with these attacks are growing in sync with the pace […]

Switzerland set to retain licence fee for broadcaster

By John Revill ZURICH, March 4 : Swiss citizens appeared on Sunday to have clearly rejected an attempt to abolish fees for state radio and TV in a vote seen as protecting public service broadcasting in the country. Had the proposal passed, Switzerland would have been the first European country to abolish mandatory licence fees […]

Swiss military defeats watchmaker in battle over naming rights

By John Revill ZURICH, Feb 9 : The Swiss military might be neutral when it comes to wars, but not when it concerns its name being used on Swiss watches. On Friday, the Swiss Defence Department announced it had won a years-long battle against a small watchmaker over the right to use the “Swiss Military” […]

Tourists airlifted from snowbound Swiss ski resort

By John Miller ZURICH, Jan 9 : The Swiss Alpine resort of Zermatt airlifted guests by helicopter on Tuesday after heavy snow and a power cut stranded thousands of visitors. An estimated 13,000 people were stuck in Zermatt after snow closed mountain lifts, ski runs, walking paths and train services to the village. With the […]

Swiss dismiss ETA activist’s asylum bid, but she is free to stay

By Brenna Hughes Neghaiwi ZURICH, Dec 1 : A Swiss federal court has dismissed the asylum appeal of a woman convicted in Spain of supporting the Basque separatist group ETA, but said she was now free to remain in Switzerland after Madrid dropped her sentence. The case of Nekane Txapartegi, who said she was tortured […]

Agreement nears in German-Swiss bank secrecy spying case

By Georgina Prodhan FRANKFURT, Nov 2 : A court case that has pitted Swiss bank secrecy against German fiscal propriety looked close to being settled on Thursday with a suspended jail sentence and modest fine for a 54-year-old former Swiss policeman and UBS anti-fraud officer. The man, named only as Daniel M., has admitted trying […]