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GENEVA, June 16, 2023 (AFP) – A Swiss village came within a hair’s breadth of being wiped off the map when a mountain towering above it collapsed overnight, officials said Friday. The massive rockslide missed Brienz in the east of the country, which had been evacuated on Monday, “by a hair”, they said. The 84 inhabitants were ordered from their homes on Monday after the authorities said the Insel peak had become instable. They said […]
By Nina LARSON Agence France-Presse ISELTWALD, Switzerland (AFP) — “It’s a dream come true,” said Filipina tourist Isabel Palijon, staring in wonder at a wooden pier framed by the turquoise waters of a Swiss lake and the towering Alps behind. And she is not alone. Ever since the hugely popular South Korean series “Crash Landing on You” aired a romantic scene shot on this very spot, the picturesque village of Iseltwald has been overrun by […]
ENEVA, May 20, 2023 (AFP) – A tourist plane crashed in a wooded, mountainous area of western Switzerland on Saturday, killing the three people onboard, police said. The small tourist plane crashed in a steep and forested area near Ponts-De-Martel in the Swiss canton of Neuchatel at around 10:20 am (0820 GMT), regional police said. “The pilot and the two passengers died on site,” the Neuchatel police said in a statement, without providing further details […]
Zurich, Switzerland | AFP | Monday 4/24/2023 by Nathalie OLOF-ORS Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank’s earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover. Switzerland’s long-time second largest bank saw 61.2 billion Swiss francs ($68.6 billion) withdrawn in the first quarter alone, it said Monday in what is likely its final quarterly report before it […]
(AFP) Zurich, Switzerland by James RYBACKI A composite Tyrannosaurus rex skeleton called Trinity, made up of bones from three different T-Rexes, sold for 5.5 million Swiss francs ($6.1 million) in a rare auction on Tuesday. The skeleton was sold at the Koller auction house in Zurich after being shipped from the United States in nine giant crates. Trinity fetched a hammer price of 4.8 million Swiss francs, rising to 5.5 million with the buyer’s premium […]
by Nathalie OLOF-ORS Agence France-Presse BERN, Switzerland (AFP) — The Swiss parliament voiced its fury on Tuesday at the collapse of Credit Suisse and how the rules intended to prevent such a major bank from getting itself into trouble completely failed. At an extraordinary session of parliament called to debate the implosion of the bank and its takeover by larger rival UBS, Swiss President Alain Berset defended orchestrating the merger, saying a bankruptcy would have […]
Zurich, Switzerland | AFP | Monday 3/20/2023 UBS share price plunged on Monday as a deal to take over its troubled Swiss rival Credit Suisse for $3.25 billion failed to calm stock market nerves. The buyout, in which Switzerland’s biggest bank will take over the second largest, was vital to prevent economic turmoil from spreading throughout the country and beyond, the Swiss government said Sunday. But investors remained on edge, with UBS shares falling as […]
Zurich, Switzerland (AFP) The Swiss central bank said Monday it expects to have logged a record loss totalling 132 billion Swiss francs ($143 billion) last year, preventing it from providing funds to the government. The Swiss National Bank fell into the red after posting a profit of 26.9 billion Swiss francs in 2021. Most of last year’s losses — 131 billion Swiss francs — were linked to a drop in the value of its holdings […]
DOHA, Qatar (AFP) — Portugal dismantled Switzerland 6-1 to charge into the World Cup quarter-finals on Tuesday as Goncalo Ramos started in place of Cristiano Ronaldo and scored the first hat-trick of the tournament. The Portuguese will face Morocco in the quarter-finals after sweeping aside the Swiss in a display that was every bit as impressive as Brazil’s demolition of South Korea 24 hours earlier. In a surprise move, 21-year-old Benfica forward Ramos replaced Ronaldo […]
Geneva, Switzerland | AFP | by Robin MILLARD Credit Suisse announced a string of radical measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, slashing 9,000 jobs and raising fresh capital. Switzerland’s second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken the institution, saying the new plan was intended to create “a simpler, more […]
by Agnès PEDRERO Agence France-Presse FINHAUT-EMOSSON, Switzerland (AFP) — Switzerland is among the world’s wealthiest countries, but its reliance on Russian gas and French nuclear power — both in short supply — has it bracing for power shortages and even blackouts this winter. With hundreds of hydropower plants spread across the Alps, Switzerland produces more than enough power in the summer months. However, the landlocked nation is forced to turn to imports when the cold […]
by Nina LARSON Agence France Presse GENEVA, Switzerland (AFP) — Swiss glaciers have shed half their volume since 1931, Swiss researchers said Monday, following the first reconstruction of the country’s ice loss in the 20th century. Rapid glacier melt in the Alps and elsewhere, which scientists say is driven by climate change, has been increasingly closely monitored since the early 2000s. However, until now there has been little insight into how glaciers changed prior […]
