The Federal Criminal Court has ordered the confiscation of over $293 million (around CHF270 million) belonging to a shell company linked to Gulnara Karimova. The company, called Takilant, of which Karimova (daughter of the former president of Uzbek...

The Credit Suisse bank has fired the managers overseeing a multi-billion-dollar fund strategy linked to the now-defunct Greensill Capital. Switzerland’s second largest bank was forced to freeze and wind down a $10 billion (CHF9.2 billion) fund ran...

A Swiss court has allowed the extradition to Germany of Hanno Berger, a German banker accused of playing a key role in a years-long tax fraud. The scandal, known as "cum-ex," is Germany's biggest post-war fraud involving a share-trading scheme that ...

Internationally renowned Swiss artist Miriam Cahn says she wants to remove all her works on display at the Zurich Art Museum in response to the outcry over the Bührle collection. Paintings in the collection are suspected of being linked to art loote...

Swiss International Air Lines has offered to re-employ more than half of the 550 flying personnel it had sacked earlier this year. The company confirmed that it sent offers to more than 330 cabin crew members to work for the Swiss flag carrier, whic...

Health officials have warned of an imminent wave of Covid infections with the contagious Omicron variant in Switzerland over the next few weeks. Patrick Mathys of the Federal Office of Public Health told a news conference on Tuesday that the Omicron...

The Russian businessman extradited from Switzerland to the United States and four other Russians have been charged with carrying out a $82-million (CHF75 million) insider trading scheme using data stolen during hacks of US computer networks. US fede...

From 2022, SWI swissinfo.ch, the international unit of the Swiss Broadcasting Corporation (SBC), will become a member of the DG7 group of international public service media. The network aims to improve cooperation between publicly funded news organis...

Pupils can be excluded from school if they refuse to test for Covid-19, a Zurich court has ruled. The legal challenge to exclusions, brought by the father of a school pupil, failed on appeal as the court ruled that the requirement to test was reason...

Switzerland’s largest bank, UBS, says it will once again appeal a fine handed out by a French court for tax evasion offences. On December 13, a Paris appeal court confirmed a previous ruling that UBS was criminally guilty of assisting French tax e...

The Covid-19 pandemic has severely disrupted plans to hold the World Economic Forum’s (WEF) main annual meeting in Davos for a second year in a row. On Monday, WEF said it would defer the gathering of influential global business and political head...

Israel added Switzerland and the United States to its "no-fly" list on Monday over concerns about the spread of the Covid-19 Omicron variant. From Tuesday December 21 at 10pm, Israelis will need special permission to fly to Switzerland, the United S...

In a survey of 1,000 Swiss residents, half of the respondents approved of movement restrictions for people not vaccinated against Covid-19. Older residents are even more wary of the unvaccinated. According to the survey, published on Sunday by the ...

Klyushin, who is accused by the United States of commercial espionage, was handed over to the American police on Saturday and put on a flight to the US from Zurich. The news of his extradition was confirmed by the Swiss Federal Office of Justice on ...

An estimated 300 opponents of the recently announced Covid-19 restrictions took part in a rally in the Swiss capital Bern on Saturday. The demonstration was announced on social media as a response to tighter restrictions on gatherings announced by ...

Over 3,000 swimmers are expected to take a cold plunge for the 82nd edition of the Christmas Cup in Lake Geneva. Some 1,500 intrepid swimmers took to the waters on Saturday, with similar numbers anticipated on Sunday. The water temperature was aroun...

A 70-year-old Swiss man was killed in an avalanche on Friday while returning to Zermatt after a day of skiing. The incident occurred on Friday afternoon in the Furgg Garten region near the Swiss ski resort of Zermatt. The cause of the avalanche – ...

A Swiss man who had previously been found guilty of spying on a German tax authority in 2017 has received a suspended fine in Switzerland for attempted economic espionage, Swiss media have reported. The Office of the Attorney General of Switzerland...

The Federal Council has given the green light for Switzerland to join the “Square Kilometer Array Observatory” (SKAO) – an international project to build the world’s largest-ever radio telescope. The government agreed on Friday that Switzerl...

A proposal calling for a de-facto ban on mandatory vaccinations has been handed in to the Swiss authorities. Campaigners on Thursday said they collected more than 125,000 signatures within just over 12 months for a people’s initiative aimed at ens...

Parliament has approved next year’s regular national budget which foresees a deficit of CHF2.3 billion ($2.5 billion). The House of Representatives and the Senate on Thursday agreed on extra expenditure of CHF236 million, notably for rail projects...

The Swiss National Bank has decided to stick to its expansionary monetary policy, a day after the US Federal Reserve announced it was tightening monetary policies amid rising inflation. On Thursday, the SNB announced it was keeping the monetary poli...

The Swiss parliament has decided to extend a series of financial compensations for individuals and companies hard hit by the government’s anti-Covid restrictions. As part of the legal amendment, the government will again take over the costs for Co...

A Swiss court has found the Zurich-based Falcon Private Bank guilty of money-laundering offences. The Federal Criminal Court on Wednesday ordered the Abu Dhabi-owned bank to pay a fine of CHF3.5 million ($3.8 million) for failing to set up the neces...

Parliament has approved a major reform of the Swiss pension system, including a controversial rise in the retirement age for women. The overhaul also foresees financial compensation – staggered over nine years for women directly affected by the ch...

Swiss cantons have dealt with the pandemic with varying degrees of success, according to a study by thinktank Avenir Suisse. But clarity on the roles and responsibilities of different authorities is needed for better management of the pandemic going ...

Plans to introduce the birthright citizenship in Switzerland have suffered a setback in parliament. The Senate clearly rejected a left-wing proposal to change from the current regulation on citizenship that is determined by the nationality of one of...

The Swiss health authorities have recommended extending anti-Covid vaccinations to children aged between five and 11. The statement by the Federal Office of Public Health and the government advisory commission for vaccination on Tuesday came four da...

Switzerland’s two main teaching associations have called for urgent, coordinated measures in schools as the country grapples with a major outbreak of the virus among pupils. “Shortly before the Christmas holidays and due to the extremely high da...

Authorities, environmental groups, and energy providers have named 15 major hydropower projects that could help Switzerland achieve energy security and a green transition over the coming decades. The projects were chosen for their energy efficiency ...