Switzerland

More than $68 billion was withdrawn from Credit Suisse in the first three months of 2023, the bank said Monday in what are likely its final quarterly results before it is swallowed by rival UBS.    

Switzerland's long-time second largest bank saw 61.2 billion Swiss francs ($68.6 billion) withdrawn in the first quarter alone.    

Swiss Finance Minister Karin Keller-Sutter said Switzerland's economy would probably have collapsed had Credit Suisse gone bankrupt, in an interview published yesterday.

Keller-Sutter told Le Temps newspaper that the government had acted in the country's best interests in swiftly arranging the takeover of Switzerland's second-biggest bank by its larger domestic rival UBS.

Members of Ukrainian society in Switzerland protest in front of IOC headquarters in Lausanne, Switzerland, 25 March 2023. EPA-EFE/JEAN-CHRISTOPHE BOTT

Although the tradition of Swiss neutrality dates back to the 16th century, the war in Ukraine and the country's insistence on not getting involved in the war that threatens the EU has irritated many.

President Klaus Iohannis is carrying out an official visit to the Swiss Confederation on Thursday, following the invitation of his counterpart, Guy Parmelin, whom he will have political consultations with, the Presidential Administration informs.

President Klaus Iohannis will pay an official visit to the Swiss Confederation on Thursday, at the invitation of his counterpart, Guy Parmelin, the Presidential Administration informed.

Swiss voters rejected a trio of environmental proposals on June 13, including a new law intended to help the country meet its goal for cutting carbon emissions under the Paris Agreement on Climate Change.

A new CO2 law was narrowly rejected, with 51.6% of voters opposing it in a nationwide referendum conducted under the country's system of direct democracy.

Iasi is the first Romanian municipality to receive the energy-efficient Sustainable Community certificate in accordance with the European Energy Award system; the distinction was presented during a ceremony attended by ambassador of the Swiss Confederation to Romania, Arthur Mattli. We are here today to participate in an event related to sustainability.

Swiss voters on March 7 narrowly backed a ban on full face coverings in public places - a decision hailed by supporters as a bulwark against radical Islam but branded as discriminatory by opponents.

Official results showed that 51.2 percent of voters, and a clear majority of federal Switzerland's cantons, supported the proposal.

Switzerland will ban the wearing in public of burqas, the full-body covering worn by some Muslim women, and other full-face coverings, after a referendum showed a narrow majority in favour of it.

According to the final count on Sunday evening, 51.21 per cent of voters were in favour of the ban.