Jordan and Danthine to head SNB

Jean Studer named bank commission president ZURICH, SWITZERLAND – The new head of the Swiss National Bank is Thomas Jordan, as widely expected, in the role of chairman of the governing board. Jean-Pierre Danthine has been named vice-chairman of the board and Fritz Zurbrügg has been named to the board by the Swiss Federal Council. Jean […]

Swiss central bank tightens staff rules, selects new chairman

Swiss National Bank's Bern offices

New chairman not yet named, but expected Wednesday morning ZURICH, SWITZERLAND – The Swiss National Bank governors meeting in Zurich Wednesday 18 April are expected to name a new chairman to lead the central bank. Zurich media rumours fed by newspaper NZZ have had it for the past two weeks that Thomas Jordan, acting chairman, […]

Switzerland officially enters Geneva as Green Climate Fund host

GENEVA, SWITZERLAND – Switzerland officially presented Geneva Thursday 12 April as a candidate to host the Green Climate Fund permanent secretariat. Switzerland is also running for a seat on the GCF’s Executive Board. Germany and South Korea are currently the only other candidates. The provisional seat is in Bonn. The GCF was created in 2010, […]

Swiss high court says Credit Suisse customer’s data cannot be given to US (update 2)

swiss_fed_admin_tribunal

Decision says US request was not in line with tax agreement Tribunal confirms to GenevaLunch that decision was based on 1996 agreement Update 2 15:00  BERN, SWITZERLAND – The Swiss Administrative Court has struck a blow to US-Swiss tax administrative assistance discussions, ruling in favour of a Credit Suisse client who appealed a decision by […]

“No patents on seeds” report gets strong backing from Swissaid, Bern Declaration

BERN, SWITZERLAND – Two major Swiss organizations, humanitarian agency Swissaid and the non-profit group Bern Declaration, called Wednesday morning 4 April for “urgent political action” to be taken in light of the “No patents on seeds” report, made public today. The report indicates that despite a European Patent Office (EPO) decision at the highest level […]

Jobless rate in EU continues to inch up

GENEVA, SWITZERLAND – The jobless rate in the eurozone rose to yet another record high of 10.8 percent, up from 10.7 percent in January, figures released Monday 2 April show. The BBC reports a number of economists now in agreement that the euro area is in recession. Ironically, the Daily Telegraph in the UK publishes […]

Nyon’s rivers given space to head back to nature

NYON, SWITZERLAND – The Asse and the Cossy, two rivers that run through Nyon, are getting a tree-trimming this week, part of a larger project to return the waterways to a natural state. Helicopters were operating last week and will return to the job Tuesday 13 March to remove dense tree growth in the wooded […]

Head for France – fast – if you still have old French francs!

Capture

Friday is the last day to change your aging French francs for euros GENEVA, SWITZERLAND – Exactly 10 years ago the French franc was put to rest as France’s currency, and today is the last day any of those old bills can be exchanged for euros at banks in France. The government has been calling […]

New bank notes delayed by a year

swiss_bank_note_50_2005

ZURICH/ BERN – New Swiss bank notes, tentatively scheduled to make their appearance towards the end of 2012, are being delayed for a year. The Swiss National Bank says that “unexpected technical problems were encountered in an early production stage” and that it will announce the issue date “as soon as the first banknote denomination […]

Zurich north autoroute bypass to be widened

View Larger Map ZURICH, SWITZERLAND – One of Switzerland’s worst spots for traffic jams will get some breathing space, with the Federal Highway Office approving a plan to widen the road from four to six lanes over 12 kilometres of the A1. A 3,300 metre-long additional tube will be added to the Gubrist tunnel. The […]