New proposals could reportedly see fines of up to 1,000 Swiss francs (around $1,005) issued to anyone who violates restrictions on face coverings in Switzerland. Penalties for those who break the ban have already been diluted, after the cabinet refused calls to anchor the law in the criminal code.
On Friday, Credit Suisse announced a $3B debt repurchase plan to take advantage of low prices and reduce its funding costs amid concerns about the financial position of the Swiss bank. It also revealed that it's selling the famous Savoy Hotel in Zurich.
A study released Wednesday by the Cryospheric Commission (CC) of the Swiss Academy of Sciences showed that Switzerland's glaciers lost a record-breaking 6% of their total volume this year due to a dry winter and summer heatwaves.