GENEVA, SWITZERLAND – Unemployment in two of the European Union’s largest economies rose in March, with Spain posting a daunting 27 percent jobless rate with 6 million people unemployed, and France saying that 3.2 million people were out of jobs, 11.5 percent more than a year earlier. The French figure also rose in comparison with [...]
Nestlé recalls products with horsemeat
February 19, 2013 by
GENEVA / VEVEY, SWITZERLAND – Nestlé and Lidl, two of the giants in the food industry, said Monday they are recalling products marked with beef in which traces of horsemeat have been found. The Swiss company is recalling pasta with meat products from Italy and Spain, while Lidl’s recall covers Sweden, Finland, Denmark and Belgium. [...]
Drugs & money laundering brothers get light sentences
January 30, 2013 by
Deal for first 2 of 19 arrested in French, N African drug, tax evasion scam GENEVA, SWITZERLAND – Two brothers who played key roles in a large North African-French-Swiss fraud scheme that involved money laundering for drug runners and supplying cash for French tax evaders, were given prison sentences Tuesday 29 January, in Geneva. The [...]
TEDx Lausanne speaker offers solutions to youth unemployment
January 21, 2013 by
LAUSANNE, SWITZERLAND – Training youth “to become job creators instead of job seekers” through short- and long-term solutions is the key to tackling future unemployment, an international labour market expert says. Youth unemployment has risen to record levels in many European states since the beginning of the economic crisis, Peter Vogel points out. One solution [...]
Max the stork’s journey ends at Madrid winter retreat
December 28, 2012 by
SPAIN, SWITZERLAND - Max, the Swiss-born stork who is the longest banded and tracked animal in the world, has died at 13.5 years of age in her winter retreat in Spain, said the Natural History Museum of Fribourg (NHM) on 27 October. Although investigators knew most details of Max’s life, the cause of death cannot be determined [...]
Spain faces dramatic cuts in banking staff
November 29, 2012 by
GENEVA, SWITZERLAND – Loans on the order of euros 37 billion will be disbursed for Spain in December, the European Union said Wednesday 28 November, but the aid will result in four banks taking dramatic measures to revive the health of that industry, including massive job cuts. Bankia expects to cut 6,000 jobs and NCG [...]
Flights to and from Spain cancelled as Spanish strike
November 14, 2012 by
GENEVA, SWITZERLAND – The arrivals and departures boards at Geneva and Zurich airports say it simply: no flights to and from Spain today, thanks to a general strike in Spain, part of the larger “European Day of Action and Solidarity”. Reuters reports 32 people were arrested early Wednesday morning 14 November. Spain and Portugal are [...]
Nobel laureate Amartya Sen criticizes Europe on economic management
October 5, 2012 by
GENEVA, SWITZERLAND – Amartya Sen, Nobel prize laureate and prolific contributor to economic thought, criticized Europe for coupling economic reforms and austerity measures in its attempt to resolve its debt issues. “Binding economic reform and austerity together is a political disaster” said Sen, pointing in particular to the current example of Greece. He indicated that he [...]
HSBC theft man arrested in Spain, Swiss seek extradition
July 24, 2012 by
GENEVA, SWITZERLAND – The French and Italian citizen who is accused of stealing data from his one-time employer, HSBC bank in Geneva, and then selling it to the French government, has been arrested in Spain. Switzerland has had an international arrest warrant out for him, but as long as he stayed in France he could [...]
