Tag Archives: International

At the beginning of the Covid pandemic there was talk of closing Switzerland’s borders. However, it was clear that Swiss hospitals and businesses near Switzerland’s borders would not function without the workers who cross the border daily to work for them, and the notion was dropped. Statistics published this week by the Federal Statistical Office (FSO) show the number of cross-border workers at record levels. © Krasnevsky | Dreamstime.comAt the end of September 2024, around 403,000...

Much of the progress being made in AI is captured within private companies aiming to keep it to themselves in order to profit from it. Open AI, a project started as an open-source non-profit has morphed into a largely closed-source profit-maximising project increasingly integrated into the software company Microsoft. Many see open-source as critical to the healthy development of AI. A super computer combined with the knowhow of Switzerlands world-leading federal universities could help to...

More than seven years after a slim majority (51.9%) of the UK electorate voted to leave the EU, Switzerland and the UK have agreed a deal that clears the way to more open cooperation in the financial services sector, helping to restore the pre-Brexit arrangement between the two nations. Photo by Pixabay on Pexels.comOn Thursday, Switzerland and the UK announced an agreement to improve trade in financial services between the two nations, reported RTS. Although Switzerland is not an EU...

On 8 March 2023, a case was brought against the boss and three employees of the Zurich office of Gazprombank in a Zurich court. The four faced charges of alleged money laundering linked to Russian president Vladimir Putin, reported RTS. © Cameracraft8 | Dreamstime.comOn 30 March 2023, the four men were found guilty and sentenced at a hearing at the Zurich district court. The four were found guilty of helping Sergey Roldugin, a concert cellist who has been dubbed “Putin’s wallet”, channel...

Toblerone, the iconic Swiss chocolate brand, will soon be forced to remove the Matterhorn mountain peak logo from its branding, reported RTS. Photo by Safwan C K on Pexels.comThe Toblerone chocolate brand is owned by the US company Mondelez, which plans to move production of the product from Switzerland to Slovakia this year. Strict Swiss rules introduced in 2017 restrict the use of national symbols to promote milk-based products that are not made exclusively in Switzerland. Slightly...

On 8 March 2023, a case was brought against the boss and three employees of the Zurich office of Gazprombank in a Zurich court. The four face charges of alleged money laundering that may be linked to Russian president Vladimir Putin, reported RTS. © Leigh_1 | Dreamstime.comThe case has garnered international interest as it may provide insights into how Putin hides the huge fortune it is claimed he has. The public prosecutor in Zurich alleges that between 2014 and 2016 four bankers,...

In Europe, Gruyère, the name of a cheese and a small picturesque Swiss town (Gruyères), is legally reserved for specific cheeses from parts of Switzerland and France made to strict recipes. However, in the US it is also applied loosely to a type of cheese that differs from the Swiss and French originals. European producers have tried to end the confusion by legally reserving the name for their product. But on 3 March 2023, a US court of appeal upheld a lower court ruling in favour of...

An inquiry presented this week by RTS reveals evidence of likely vote buying related to the choice of Qatar for the 2022 Football World Cup due to start on 20 November 2022. Photo by Pixabay on Pexels.comA cloud of corruption has hung over FIFA since 2010 when Qatar was chosen by 14 votes to 8 as the place for the 2022 World Cup. The US was the front runner, however, tiny Qatar, a nation with little in the way of football culture and infrastructure, was chosen. Suspicion has abounded ever...

Die nächste Crypto-Plattform hat sich den internationalen Sanktionen gebeugt und wird russische Nutzer von seinem Dienst ausschließen. Am 27. Oktober tritt die Regelung in Kraft – sie wird dazu führen, dass Konten mit Verbindungen zu Russland blockiert werden. Crypto News: Blockchain.com wird russische Crypto-Konten blockenBis zum fälligen Datum können allerdings noch die Mittel in den Konten auf Blockchain.com ausgezahlt werden. Diese Option verfällt jedoch nach dem...

Der Cryptomarkt befindet sich nicht in seiner besten Phase. Der BTC verlor gegenüber seinem Allzeithoch etwa zwei Drittel. Und trotzdem hat Bitcoin in dieser Woche das britische Pfund geschlagen, nachdem die Fiat-Währung eine weitere Abwertung erlebte. Bitcoin News: Bitcoin schlägt Britisches Pfund nach weiterer Fiat-AbwertungDas Handelsvolumen des BTC gegenüber dem Britischen Pfund fiel in dieser Woche klar zu Gunsten des Cryptocoins aus. Die Fiat-Währung erzielte...