An international eye on Swiss news from NuseReal
Events in Switzerland — myswitzerland — (LINK)
Four bankers at Gazprombank who helped Putin's friend concert cellist Sergey Roldugin set up Swiss bank account convicted and given suspended sentences plus fines totalling $809,000. — ground.news: 63 sources — 30 March 2023 (LINK)
— Judge Sebastian Aeppli said it was not possible to establish the real owner of the funds, but the bankers had failed in their duty to conduct due diligence and check. "It has been proven without doubt that Roldugin cannot be the beneficial owner," Aeppli said.The bank eventually closed the accounts in September 2016.
Who is Sergio Ermotti? Switzerland's most successful banker returns to steer the merged UBS-Credit Suisse behemoth in its time of need — fortune.com ● — 29 March 2023 (LINK)
Geneva overtakes Amsterdam to become cannabis consumption capital of Europe — iamexpat.ch — 27 March 2023 (LINK)
Chairman of Saudi National Bank, who sparked turmoil for Credit Suisse, resigns — marketwatch — 27 March 2023 (LINK)
The 'too big to fail' regime for banks just doesn't work, Swiss minister says. 'The economic damage would be considerable' — fortune — 25 March 2023 (LINK)
Credit Suisse Takeover Hands Swiss Business a Big Headache: limits financing options for small outfits — bloomberg ● — 26 March 2023 (LINK)
Researchers From ETH Zurich and Microsoft Propose X–Avatar: An Animatable Implicit Human Avatar Model Capable of Capturing Human Body Pose and Facial Expressions — marktechpost.com — 25 March 2023 (LINK)
Switzerland Set To Roll Out Carpet-Like Solar Panels Between Railroad Tracks — zenger.news — 24 March 2023 (LINK)
— The initiative could be a potential remedy for the energy problem and the rising cost of electricity. Swiss company Sun–Ways says the removable solar power plants could produce up to 1TWh of solar electricity, or 30% of all current solar production in Switzerland.
The firm said: "The exploitation of the 7,000,000 m2 of surface available between the railway tracks in Switzerland offers an exceptional opportunity to accelerate the energy transition in our country; it is the equivalent of 350,000 house roofs equipped with solar panels.
"The patented technology of the Vaud-based start-up Sun–Ways contributes in a simple and quick way to the energy transition towards a massive production of clean and local electricity. Sun–Ways say they are currently awaiting the green light from the Swiss public transport regulation agency, but hope to begin a pilot project this Summer.
Global warming kills forests by restricting tree transpiration — epfl — 22 March 2023 (LINK)
Rumor Roundup: 5 Watches We Could See from Rolex in 2023 — gearpatrol — 22 March 2023 (LINK)
Credit Suisse received a clean bill of health from regulators — then took less than a week to completely collapse — fortune ● — 20 March 2023 (LINK)
Ranked: The 20 Happiest Countries In The World In 2023: Finland 1, Switzerland 8, U.S. 15. Unhappiest: Afghanistan — forbes — 20 March 2023 (LINK)
The 11 Scariest Ski Lifts in the World, including Titlis Rotair, Engelberg, Switzerland — outdoors.com — 20 March 2023 (LINK)
UBS swallows Credit Suisse, casting shadow over Switzerland — reuters — 19 March 2023 (LINK)
— UBS will pay $3.2 billion for 167-year-old Credit Suisse and assume at least $5.4 billion in losses from unwinding its portfolio of derivatives and other risky assets. Credit Suisse had a market value of about $8 billion at the close on Friday. Holders of Credit Suisse's Additional Tier 1 bonds will get wiped out and in a controversial move will come secondary to equity holders who will receive at least some UBS shares.During the great financial crash of 2008-9, it was UBS and not Credit Suisse that needed state support.
Credit Suisse Chairman Waives $1.6 Million Award, Takes Pay Cut — bloomberg — 14 March 2023 (LINK)
Credit Suisse shares sink 5% as 'material weaknesses' found in financial reporting — cnbc — 14 March 2023 (LINK)
Credit Suisse publishes delayed annual report in which it admits to financial control weaknesses — ground.news: 23 sources — 14 March 2023 (LINK)
Rolex Is Boosting Production: Is the End of Waitlists in Sight? — gearpatrol — 13 March 2023 (LINK)
City of Lucerne votes to restrict Airbnb rentals — swissinfo — 14 March 2023 (LINK)
Lugano After One Year on its Bitcoin and Tether Standard — cryptopotato — 12 March 2023 (LINK)
— Over 150 merchants around Lugano are now accepting Bitcoin, Tether, and LVGA — Lugano's Swiss–franc pegged stablecoin — for payments. The Plan B Foundation plans to expand acceptance to 2500 more merchants by the end of 2023.
3000 right–wing protestors take to the street to demand strict Swiss neutrality — swissinfo — 11 March 2023 (LINK)
— A week ago, a rally planned by a cross-party committee, trade unions and civil society groups from the opposite political spectrum was attended by more then 2,000 people in Bern. They called for more support for the people of Ukraine, effective implementation of sanctions and an active peace policy by Switzerland.
In a separate demonstration on Saturday, an estimated 2,000 people took part in a street protest, organised by far-left groups in the city of Zurich to mark International Women's Day on March 8. The participants called for an end of the "patriarchal system and capitalism". The unauthorised demonstration passed off mainly peacefully amid increased police presence. A previous, illegal demonstration in Zurich three weeks ago had ended in clashes between security forces and protesters.