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Low-Budget Flight Carrying 157 Passengers Was '30 Seconds' From Crashing Into Alps
The incident took place on November 5, 2023, after the flight took off from Edinburgh.
UK Holidaymakers Will Soon Enjoy Direct Train Service To Hotspots Like Switzerland, Germany
Two train companies are planning to launch these direct routes.
Hermès Billionaire Decides To Leave His Fortune To Former Gardener
Nicolas Puech has already initiated legal proceedings for the same.
Decades-old corpse found on glacier in the Austrian Alps
In a shocking discovery, an alpine guide found the remains of an Austrian man believed to have died 22 years ago, the authorities revealed on Tuesday.
Soaring inflation leaves UK struggling in international competitiveness
A recent ranking shows Britain's global competitiveness dropping for the second year in a row, as business executives lose confidence in the country.
Popular Italian tourist region limits entry, hotel bookings during the summer
Trentino-Alto Adige is an autonomous region in northern Italy.
Credit Suisse buyout faces harsh criticism at home
UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.
Credit Suisse shares leap in delicate truce with doubters
Credit Suisse shares jumped over 20% on Thursday after the company secured a lifeline from the Swiss central bank to shore up investor confidence, though some analysts said the market relief could be shortlived.
Swiss Google workers stage walkout as job cuts hit Europe
Hundreds of Google employees staged a walkout on Wednesday at the company's office in Zurich, Switzerland, after more than 200 workers were laid off.
Credit Suisse sheds nearly 25%, key backer says no more money
Credit Suisse lost almost a quarter of its value on Wednesday, dropping to a new record low after its largest investor said it could not provide the Swiss bank with more financial assistance.
EU, UK, Swiss probe suspected fragrance cartel, Givaudan confirms cooperation
Swiss fragrance and flavour maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities.
Swiss-based trust holds second meeting to discuss plans for Afghan funds - trustee
The board of the Swiss-based trust fund managing some $3.5 billion in frozen Afghan central bank assets met for a second time last month, one of its trustees said, and discussed options for disbursing funds in line with achieving monetary stability.
Swiss give 2,500-year-old stone sculpture back to Peru
The Swiss on Wednesday handed a large stone-carved head back to Peru, where it was sculpted around 2,500 years ago by one of the country's earliest civilisations, the culture office said.
Davos 2023: Climate activists protest over big oil hijacking debate
Climate activists protested in Davos on Sunday against the role of big oil firms at this week's World Economic Forum (WEF), saying they were hijacking the climate debate.
Credit Suisse shares sink to new record lows, bonds tumble
Credit Suisse shares and bonds took another hit on Wednesday in a sign the embattled Swiss bank is struggling to regain investor confidence ahead of a planned $2.4 billion fundraising to help pay for a major overhaul.
Credit Suisse banking on restructure revamp
New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank following multiple scandals, is set to unveil his strategic road map on Thursday.
Swiss central bank steps up policy tightening as sight deposits drop $78 bln
Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign of the central bank's switch to a more restrictive monetary policy.
More European energy firms get state aid as prices soar
Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.
Diamond magnate appeals Swiss corruption verdict
French-Israeli diamond magnate Beny Steinmetz will be back in court in Switzerland on Monday to appeal against a corruption sentence linked to mining rights in Guinea.
Straumann Maintains Modest 2022 Outlook Despite Strong Sales, Shares Slip
Swiss dental implants maker Straumann maintained its moderate 2022 outlook on Tuesday despite strong first-half sales driven by high demand, sending its shares tumbling as much as 10% in afternoon trading.
Watches of Switzerland more cautious after strong first quarter
Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year.
Dufry's turnover more than doubles as sales inch towards 2019 levels
Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation.
No recession in Switzerland this year: chief economist
The State Secretariat for Economic Affairs official said the help for businesses during the Covid-19 pandemic could not become the norm during economic downturns.
Natural disaster losses hit $72 bn in first half 2022: Swiss Re
Total economic losses caused by natural disasters hit an estimated $72 billion in the first half of 2022.
Inside the super-secure Swiss lab trying to stop the next pandemic
The setting is straight from a spy thriller: Crystal waters below, snow-capped Swiss Alps above and in between, a super-secure facility researching the world's deadliest pathogens.
Deadly elephant virus stalks Zurich zoo
A deadly virus has swept through Zurich's zoo, killing three Asian elephants in a month and leaving experts stumped as to how to stop its spread.
Heatwave pushes freezing point to record high above Swiss Alps, moves Italian-Swiss border
The unprecedented heatwave in Europe has pushed the freezing point in Switzerland way above its highest summits.
Ukraine top of the agenda in Davos as business leaders gather
On the business agenda, discussions are likely to focus on the souring state of financial markets and the global economy.
Davos returns under Ukraine cloud after Covid break
President Vladimir Putin spoke at the online meeting last year, but organisers decided to exclude Russians this time as Western powers have imposed sanctions on Moscow over the Ukraine conflict.
Snowless Davos readies new face for World Economic Forum meeting
Simply putting on the event after a two-year hiatus is welcome news to locals, who, a 2017 study showed, benefit from a $60 million windfall every time it takes place.