Switzerland - Verity Lite

Switzerland

A collection of 17 posts

Switzerland Referendum: Voters Back Carbon Cuts

Switzerland Referendum: Voters Back Carbon Cuts

On Sunday, voters passed a national Swiss referendum to establish a minimum corporate tax as well as a target to cut fossil fuel use and reach zero emissions by 2050.

World

Credit Suisse Says it Lost $68B in Assets Last Quarter

Credit Suisse Says it Lost $68B in Assets Last Quarter

Credit Suisse said Monday it lost 61B Swiss francs (US$68B) in assets during the first quarter of this year, with customer deposits also declining by 67B Swiss francs during the same period.

Switzerland

Yemen’s Houthis, Saudi Arabia Exchange Hundreds of Prisoners

Yemen’s Houthis, Saudi Arabia Exchange Hundreds of Prisoners

The International Committee of the Red Cross (ICRC) said on Friday that Yemen's Houthi rebels and Saudi Arabia agreed to exchange about 900 prisoners over the next three days, adding that 318 detainees had already flown between the Houthi-held capital, Sanaa, and government-held Aden, as peace ta...

Yemen

4 Bankers Convicted For Helping Putin's Friend

4 Bankers Convicted For Helping Putin's Friend

Four unnamed bankers at the Zurich branch of Russia’s Gazprombank who allowed a friend of Russian Pres. Vladimir Putin to deposit huge sums in Swiss bank accounts have been found guilty of lacking due diligence....

Ukraine

UBS to Buy Credit Suisse for $3.24B in Govt-brokered Deal

UBS to Buy Credit Suisse for $3.24B in Govt-brokered Deal

On Sunday, UBS, Switzerland's largest bank, agreed to buy Credit Suisse for approximately $3.24B ($3B Swiss francs) in a deal that contains $108B ($100B Swiss francs) in liquidity assistance from the Swiss central bank....

Money

Dow Jones Falls as Credit Suisse Shares Plummet

Credit Suisse shares hit a record low on Wednesday as European banks reel amid investor concerns in the wake of Silicon Valley Bank’s (SVB) collapse last week. The bank’s shares fell by as much as 30.8%, driving a 7% fall in the European banking index....

Money

Former Italian PM Conte Investigated Over COVID Response

Former Italian PM Conte Investigated Over COVID Response

Italian prosecutors from Bergamo, a city in the Lombardy province worst hit during the first wave of COVID, are investigating former PM Giuseppe Conte, former health minister Roberto Speranza, and 17 others under suspicion of 'aggravated culpable epidemic' and manslaughter related to their pandem...

COVID-19

Spain Approves Teen Abortion, Menstrual Leave, and Trans Laws

Spain Approves Teen Abortion, Menstrual Leave, and Trans Laws

On Thursday, the Spanish legislature amended and passed two laws that bolster transgender and abortion rights and made Spain the first nation in Europe to offer workers paid menstrual leave....

Spain

Cyprus: Former Foreign Minister Christodoulides Elected President

Cyprus: Former Foreign Minister Christodoulides Elected President

Center-right independent Nikos Christodoulides was voted on Sunday to be the president of Cyprus, beating left-wing independent Andreas Mavroyiannis with a majority of 51.9% in a run-off election....

Politics

Australian Study: Lung Protein May Prevent COVID

Australian Study: Lung Protein May Prevent COVID

According to a University of Sydney study published in the journal PLOS Biology on Friday, a protein produced in the lungs called LRRC15 can stick to the COVID virus to form a natural protective barrier to block infection, which could explain why different people suffer from different severities ...

Metaculus

Credit Suisse: Swiss Prosecutors Begin Case Over Dirty Money Leak

Credit Suisse: Swiss Prosecutors Begin Case Over Dirty Money Leak

Switzerland's Office of the Attorney General (OAG) on Thursday announced it had opened a case into last year's massive data leak of Credit Suisse's account records, which a media investigation alleged had showed the bank held more than $8B in illicit funds....

Metaculus

Scientists Steer Lightening Bolts With Lasers

Scientists Steer Lightening Bolts With Lasers

On Monday, the journal Nature Photonics published a report in which scientists demonstrated that a laser beam could be used to guide the path of lightning. The report claims that powerful lasers could potentially reroute lightning strikes away from critical locations

World

Credit Suisse Offers $3B Debt Buyback

Credit Suisse Offers $3B Debt Buyback

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.

World

Switzerland Records Worst Glacial Melt Rate

Switzerland Records Worst Glacial Melt Rate

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.

Weather