GENEVA, SWITZERLAND – Low-cost British carrier EasyJet is scheduling flights between London and Moscow for mid-March and London-Manchester for the end of March, but the airline is still waiting for Russian authorities to give it a license, reports the Moscow Times. Media in Russia have carried reports that the airline is running into opposition to [...]
Crane on London’s The Tower hit by helicopter
January 16, 2013 by
Two dead, nine injured by accident in foggy city centre GENEVA, SWITZERLAND – A helicopter hit a crane on a building under construction in the centre of London, The Tower, designed to be one of the British capital’s highest structures. Two people were killed and nine injured, one of them critically, by the crash, fire [...]
UBS handed hefty UK fine and Swiss “corrective measures”
November 26, 2012 by
ZURICH, SWITZERLAND – London’s FSA financial regulator has fined UBS £29.7 million (CHF44.2m) for its failure to stop trader Kweku Adoboli before he lost the bank CHF2 billion. Finma, the Swiss Financial Market Supervisory Authority, has slapped the bank with new measures, in addition to the preventive ones it took in December 2011, after Adoboli’s [...]
The strange world of Kweku Adoboli
November 22, 2012 by
GENEVA, SWITZERLAND – Kweku Adoboli, the UBS trader who famously lost Swiss bank UBS CHF2.2 billion in unauthorized trading before he was arrested in September 2011 was sentenced to seven years in prison Tuesday 20 November, in London. Adoboli’s argument that his managers knew what he was up to and that rule-breaking was necessary to [...]
UBS London staff learn about job cuts through swipe cards
October 31, 2012 by
ZURICH, SWITZERLAND – Bank UBS issued a carefully worded press release Tuesday 30 October to explain how it plans to cut 10,000 jobs by 2015, but for many London employees of its investment bank, the news was delivered in a more jarring fashion. Hundreds of staff reportedly showed up for work Tuesday only to discover [...]
Former Credit Suisse manager arrested in London (update)
September 27, 2012 by
ZURICH, SWITZERLAND – Kareem Serageldin, one of three Credit Suisse senior managers fired by the bank in 2008 when a massive fraud in the sub-prime mortgage market was uncovered, has been arrested in London. The bank at the time lost CHF2.5 billion from the scheme “initiated” by Sergeldin, according to US court documents filed in [...]
Single, older pistol used in Annecy murders
September 10, 2012 by
GENEVA, SWITZERLAND – Three new developments are reported by police in the murders of four people near Annecy, France, last week: The home of Saad al-Hilli in Claygate, near London, England, was searched by a bomb squad over the weekend, but the “suspicious” material found in a garden shed of the victim’s home was determined [...]
Olympics, 200 m: Bolt’s double-double makes him greatest sprinter ever!
August 9, 2012 by
GENEVA, SWITZERLAND – Athletics fans in Switzerland have even more to look forward to when Usain Bolt runs in Lausanne and Zurich later in August: he is now officially the world’s greatest ever sprinter. Bolt became the first runner ever to win a double-double, Thursday night 9 August, winning both the 100 and 200 metre [...]
Sports, tennis: it’s Murray’s turn!
August 5, 2012 by
Andy Murray tramples Roger Federer to win Olympic gold GENEVA, SWITZERLAND – To say that Andy Murray was determined to win this one would be putting it mildly, and the British tennis man’s power was up to his will. He beat Switzerland’s Roger Federer in straight sets, 6-2, 6-1, 6-4 to win the Olympic gold [...]
London honors Olympic champ Muhammad Ali
July 26, 2012 by
GENEVA, SWITZERLAND – Legendary US heavyweight boxer and Olympic champion Muhammad Ali has been honored in London during the countdown to the 2012 Games in London. Live Aid creator Sir Bob Geldof of the UK, Formula One driver Lewis Hamilton also from the UK and American actress Rosario Dawson were among the many stars invited [...]
