Swiss balk at deal to catch US tax evaders

Swiss Finance Minister Eveline Widmer-Schlumpf. Photo: Reuters

A secretive deal aimed at settling a dispute with Washington over Swiss banks' alleged complicity in tax evasion by Americans has caused uproar in the wealthy Alpine nation.

Monday, 10 June, 2013, 3:30am

China seals free-trade pact with Switzerland

Li Keqiang comments to Swiss minister Johann Schneider-Ammann as yodellers perform. Photo: EPA

Premier Li Keqiang was to announce yesterday the conclusion of negotiations with Switzerland on a free-trade deal seen as a touchstone for China's growing global ties.

25 May 2013 - 5:30am 3 comments

Executive pay needs reform, not just crackdown

Thomas Minder, councillor of State and initiator of the 'Against rip-off' initiative in Switzerland. Photo: Reuters

It's no fun being a top executive these days. Whether it's Europe, China or even the United States, increasingly tough limits are being placed on executive compensation, sometimes with the full force of new legislation.

13 Mar 2013 - 3:00am

Swiss vote on fat-cat pay a victory for business

Swiss lawmaker Thomas Minder, who has championed the restrictions on fat-cat pay proposal for more than five years. Photo: EPA

Sixty-eight per cent of Swiss voters have backed a constitutional amendment on "fat cat" pay. Sunday's verdict was clear: shareholders of publicly listed companies will have a binding say on pay.

6 Mar 2013 - 2:51am

Swiss public backs executive pay curbs in referendum

Thomas Minder. Photo: EPA

The initiative against "fat cats," proposed by Thomas Minder, head of a herbal toothpaste company, was backed by 68 per cent of the voters in a referendum yesterday, the government said.

4 Mar 2013 - 5:13am

Swiss authorities probe Filipino 'nurse' over Facebook corpse pictures

A Swiss tabloid newspaper identified this woman as the Filipino wife of a Swiss man.

Swiss prosecutors opened a criminal investigation after an alleged care-home nurse posted pictures of herself on Facebook sitting next to the corpse of an old woman.

3 Mar 2013 - 6:30am

Talking points

Endangered species issue gets heard

Countdown to the CPPCC plenum continues

2 Mar 2013 - 3:30am

Swiss banks told to rein in lending or face restrictions as bubble fears grow

The Swiss National Bank has imposed higher capital buffers on the nation's banks. Photo: Bloomberg

Switzerland's government, at the urging of the Swiss National Bank, last week ordered banks to hold additional capital as a buffer against risks posed by the country's biggest property boom in two decades. The amount, set at 1 per cent of banks' risk-weighted assets tied to domestic residential mortgages, can be increased to as high as 2.5 per cent.

20 Feb 2013 - 4:40am

Briefs, January 30, 2013

Ballerina Svetlana Lunkina, who has fled to Canada. Photo: AFP

Concerns have been raised about Twitter's iPhone video-sharing service Vine after pornography appeared in the "Editor's Picks". Twitter apologised for Monday's mistake, blaming "human error", but provided little detail.

30 Jan 2013 - 5:05am

Swiss troops prepared for anything at the World Economic Forum in Davos

Members of Swiss special police forces stand on the roof of the Congress Hall of the World Economic Forum in Davos. Photo: Reuters

Davos is on a war footing.

As snipers fan out over the rooftops of the Alpine resort and the Swiss army rolls kilometres of barbed wire through the town, officers have more than the security of delegates in mind.

They are also using the experience of protecting the World Economic Forum to prepare for a worst-case scenario: chaos sparked by a collapse of the euro.

24 Jan 2013 - 5:57am

Wheeling on top of the world

Cows graze on the grass verge of a hairpin bend as the riders push on uphill. Photos: Pat Fitzpatrick

On a warm summer morning last year, three riders from Hong Kong, me, and 600 other eager cyclists gathered on the shores of Lake Geneva in Switzerland. 

8 Jan 2013 - 3:01pm

Gunman shoots three people dead in Swiss village

The Swiss village of Daillon, early on Thursday, where a gunman killed three people and wounding two others. Photo: AFP

Three people were killed and two wounded late on Wednesday when a gunman opened fire in the Swiss village of Daillon, Swiss police said on Thursday.

The suspect threatened police when they tried to arrest him, and officers shot and wounded him before taking him into custody, police of the Swiss canton of Valais said in a statement. No police officers were wounded.

3 Jan 2013 - 5:15pm

Family fight for control of Chinese abstract artist Zao Wou-ki’s work

Zao Wou-ki at work on a watercolour before his health declined. Photo: Zao Wou-ki

Zao Wou-ki, the abstract painter who has been described as China’s greatest living artist, is at the centre of a bitter legal feud between his third wife and his son from a previous marriage.

At the heart of a battle ripping the family apart lies the contested ownership of eight works worth millions of dollars.

21 Nov 2012 - 12:16pm

Asia news in brief, September 1, 2012

A Thai officer tries to inspect a suspected bomb. Photo: Reuters

Earthquake sparks false tsunami scare

1 Sep 2012 - 3:55am

Will Switzerland's red-hot housing market boil over?

The city of Bern, the capital of Switzerland where housing prices have risen by 20 per cent since the financial crisis in 2008. Photo: Adrian Wan

On the "Gold Coast" of Lake Zurich, modern glass and concrete apartment blocks with private speedboat docks crowd the waterfront. Some seem awkwardly large for their lots, as though muscling in on the belle epoque villas next door.

15 Aug 2012 - 5:34am