ZURICH

Natural disasters increased insurers' costs in 2022, with inflation pushing up the bill even more, reinsurer Swiss Re said yesterday, warning of likely further rises in the future due to climate change.

Friday's session at the Greek bourse proved to be a bull trap, as after the halfway point the early gains swung to losses and the majority of stocks closed the week with a significant drop - in line with the fall of the Credit Suisse stock in Zurich - in what was the second straight week of prices shrinking at Athinon Avenue.

A Tyrannosaurus-Rex skeleton dating back 67-million years will be auctioned in Switzerland next month, marking the first such sale in Europe, the auction house said on March 11.

The skeleton dubbed Trinity will go under the hammer in Zurich on April 18, the Koller auction house said.

Credit Suisse could slash more than 10 percent of its investment banking staff in Europe, the Financial Times newspaper reported, with the beleaguered Swiss lender declining to comment yesterday.

Switzerland's second-biggest bank "already let hundreds of staff go in London and Zurich last month," the British financial daily reported on Jan. 14.

The property boom is coming to an end, according to a study by Swiss bank UBS, with Frankfurt and Toronto topping the list of imbalanced markets.

The bank's annual study of the world property market looked at prices in 25 major cities across the globe.

Vuleta won the gold with a jump of 7.06 meters.
Behind her was Germany's Malaika Mihambo, the current Olympic champion, with 7.03. The bronze went to Britain's Jasmine Sawyers with 6.80.
This is the second gold for the Serbian athlete at the European outdoor championships after the victory in 2016 in Amsterdam, and she also has silver from Zurich in 2014.

Albania's national air carrier, Air Albania, will connect Athens with Tirana with four flights a week. More specifically, Air Albania will operates flights to / from Tirana-Athens on Monday, Wednesday, Friday and Sunday.

This was announced by the Swiss agency that provides Skyguide air navigation services.
A statement from Skyguide states that the Swiss airspace was closed to traffic until further notice due to security reasons due to a technical malfunction that occurred this morning in this agency.

Switzerland closed its airspace on Wednesday after a computer glitch with the air traffic control system grounded flights, officials said.

"Swiss airspace is closed to traffic for security reasons after computer failure with Skyguide, the Swiss air traffic control service," Skyguide said in a statement.

Swiss customs authorities said on May 30 that they had discovered a nearly 700-year-old antique Japanese samurai sword during a routine vehicle search after it was smuggled into the country.