Business Bilderberg Europa Hotel got a new general manager Jurriaan Theloosen is the new general manager of the Bilderberg Europa Hotel in Scheveningen. Here, he is leading the large-scale renovation that will give the hotel a top position in the resort’s hotel industry. With almost 20 years of experience within Bilderberg, he is the right man, in the right place. Theloosen started his Bilderberg career in 2003 at the … Read More
Business Shareholder files a lawsuit against UBS, demands higher price for CS stake A shareholder of fallen Swiss bank Credit Suisse has filed a lawsuit against UBS alleging that the takeover price for Credit Suisse was too low. That investor wants compensation for that from UBS, Switzerland’s largest bank. Credit Suisse was acquired by UBS in March during a hectic weekend for 0.76 Swiss francs per share. Credit Suisse’s closing price on Friday, … Read More
Politics UBS should be downscalled – SDP Switzerland’s Social Democratic Party has drawn up a proposal to shrink UBS’s assets following its takeover of Credit Suisse, reports Aargauer Zeitung newspaper. The combined bank will have a balance sheet of about 1.5 trillion Swiss francs – about double the size of the Swiss economy, posing huge risks for the country, especially as the bank enjoys an implicit state … Read More
Life Fans lay flowers at Tina Turner’s Küssnacht villa At Tina Turner’s house in Küssnacht in Switzerland on Wednesday night, several people paid their last respects to the late singer. This happened soon after it was announced that the legendary singer had died. Flowers were laid and candles lit at the entrance gate, among other things. Also in Los Angeles on the famous Walk of Fame, fans were quick … Read More
Science&Tech Extraordinary animals discovered in Mekong river basin A colour-changing fish, a fat thumb bat, and a venomous snake. These animals are three of the 380 new plant and animal species discovered by scientists in Southeast Asia in 2021 and 2022. The plants and animals live in the Mekong river basin. It involves 290 plants, 19 fish, 24 amphibians, 46 reptiles and one mammal, according to a new … Read More
Politics Sanctions failed to restrict Russian businessmen movement Despite all the sanctions, many Russian oligarchs are still flying around the world. It was one of the first sanctions imposed by the West as a result of Russian aggression: all private jets of Russian oligarchs would be seized on foreign soil. The US Department of justice hoped to put pressure on Putin’s confidants in this way. In practice, however, … Read More
Politics Parliament to investigate Credit Suisse’s downturn A special committee of the Swiss parliament is going to investigate in depth the demise of Credit Suisse and the rescue of the bank by the larger Swiss industry partner UBS. Among other things, it will look at the role of the government, the central bank and Switzerland’s financial regulator in the rescue of Credit Suisse in March this year. … Read More
Politics Swiss weapons are: a referendum to decide? In Switzerland, a majority is slowly but surely emerging in favor of supplying weapons to Ukraine. It is unique to the neutral country. Or does a referendum throw a spanner in the works? Using Swiss Piranha armored vehicles, Saudi Arabia crushed protests in Bahrain in 2011. During that same Arab Spring, Libyan rebels used Swiss ammunition. In Syria, insurgents threw … Read More
Politics Over 7 billion francs of Russian central bank blocked in Switzerland Some 7.4 billion Swiss francs in assets and reserves of the Russian central bank are currently ‘locked up’ in Switzerland. This was reported by the Ministry of Economy. The money has been blocked in the wake of the Russian invasion of Ukraine. Since March 25 last year, transactions for the management of reserves and assets of the Russian central bank … Read More
Life 23 new Swiss Guards enter the service They are all Swiss, young, Catholic and unmarried; the 23 men who were sworn in on Saturday to serve with the Swiss Guard for at least the next 26 months. Pope Francis said ahead of the ceremony to the recruits and their families that the Watch should be “an environment of human and Christian formation for all”. “Your mission here … Read More