The Swiss bank UBS has reached an agreement with the Dutch public prosecutor’s office in connection with a long-standing case involving Credit Suisse and incorrect tax returns. The bank will now pay €5 million (CHF4.7 million) to settle the case,...

The Swiss food giant Nestlé says it is continuing to operate its business in Russia without restrictions, despite being placed under court-ordered administration. The food group will fulfil its obligations to customers, partners and employees “in ...

Switzerland will play its next four Nations League matches without its captain, Granit Xhaka, after the latter admitted to purchasing a fake Covid-19 certificate. Xhaka spoke on Monday for the first time about the allegation that he had obtained a fa...

Swiss defence minister Martin Pfister was bombarded with questions about the procurement of F-35 fighter jets, two weeks after the publication of a damning report. Pfister faced 19 questions by parliamentarians who wanted to know who was responsible ...

The carry trade phenomenon, one of the most widespread strategies on the foreign exchange markets, has recently been drawing even more attention to the Swiss franc. Historically dominated by the Japanese yen as the funding currency, this type of tran...