The Local Switzerland

Austerity-hit southern Europeans flock to Switzerland

Sun, 23 Dec 2012 22:28:00 +0100

After losing one public sector IT job and then another in austerity-hit Spain, Thierry Perello decided to seek his fortune in one of the few remaining bright spots on the European map: Switzerland.

Swiss benefitting from euro crisis: economists

Tue, 05 Jun 2012 12:57:50 +0200

The Swiss economy is benefitting more than first thought from the euro crisis, economists believe.

Swiss doc boycotts Novartis over job cuts

Wed, 09 Nov 2011 13:47:07 +0100

A Geneva-based rheumatologist has said he will no longer prescribe Novartis medicines to patients in protest at job losses at the pharmaceutical company, which plans to shutter its production operations in the south-west of the country.

Swiss employers want to extend working hours

Tue, 08 Nov 2011 13:26:09 +0100

With unemployment on the rise in Switzerland, the country's main employers' association is calling for the implementation “emergency measures” to help make businesses more competitive again.

New figures confirm Swiss jobless fears

Mon, 07 Nov 2011 12:33:00 +0100

Switzerland's unemployment rate rose from 2.8 to 2.9 percent in October, a slight monthly increase that experts believe heralds the beginning of a downward economic trend.

Swiss economy hits the brakes

Fri, 04 Nov 2011 18:06:00 +0100

Switzerland's economic outlook has worsened in almost all sectors, according to a survey carried out by the KOF Swiss Economic Institute.

Singing Geneva banker: 'The global economy is about to crash'

Thu, 27 Oct 2011 16:55:00 +0200

A tuneful banker is causing a stir in Switzerland with his infectious and disarmingly jolly song about impending global financial doom.

Debt-hit Spanish teen caught smuggling cocaine

Wed, 26 Oct 2011 14:31:22 +0200

Driven to desperation by the financial crisis, a mother and her son agreed to transport 600 grams of cocaine to pay their bills in Madrid, but were caught in Geneva before finishing the job.

Swiss banks urged to beef up ahead of crisis

Mon, 10 Oct 2011 13:46:24 +0200

Swiss financial authorities have urged bank giants UBS and Credit Suisse to quickly improve the quality of their equity capital as fears mount that the Greek debt crisis will spread across the banking sector.