Tag archive for ‘Switzerland’
By Ana Nivtova On Friday, March 5th, 2010

Gadhafi’s call for Jihad against Switzerland escalates

Libyan ambassador, Ali Aujali clarified remarks by leader Moammar Gadhafi, who called for a holy war against Switzerland last month, saying it is a call for [an] “economic and commercial boycott against Switzerland.” The More...

By Ana Nivtova On Friday, February 26th, 2010
1 Comment

Gaddafi Declares Jihad on Switzerland

Libyan leader Moammar Gaddafi has called for a Jihad, or “holy war” against Switzerland according to news reports on Thursday. The Libyan leader declared Switzerland “faithless” during a More...

By Adrian Santana On Monday, August 3rd, 2009

Lamborghini sales drop 37 per cent as crisis worsens

The Italian supercarmaker Lamborghini has reported that worldwide sales dropped a whopping 37 per cent to 825 cars down from 1,309. The carmaker saw its biggest decline in the US market, where the unit sales More...

By Adrian Santana On Thursday, June 18th, 2009
1 Comment

Switzerland battles worst recession in 34 years

The Swiss government approved a third, 750 million Swiss franc ($690 million) economic stimulus package, on Wednesday, amid new indications that the recession could stretch into 2010. “Since February 2009, when More...

By Adrian Santana On Sunday, May 10th, 2009

Hotel occupancy in Switzerland drops

During the month of March Swiss hotels saw a drop in their hotel occupancy, with 3.1 million stays, equal to a 14 per cent drop compared to the same month a year earlier. Switzerland’s Federal Statistics More...

By Adrian Santana On Thursday, April 16th, 2009

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The More...

By Adrian Santana On Wednesday, April 15th, 2009

UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs

Switzerland’s biggest bank, UBS announced Wednesday that it would look to cut costs by shedding 8,700 jobs by 2010. The statement came as the bank announced the loss of 2 billion Swiss Francs ($1.75) in the More...

By Adrian Santana On Saturday, April 4th, 2009
1 Comment

Swiss consumer prices drop to 50-year record low

Consumer prices in Switzerland dropped the most in 50 years in March, raising concern over deflation. Swiss consumer prices fell 0.4% in March from last year. According to Switzerland’s statistics office on More...

By Adrian Santana On Thursday, April 2nd, 2009

Swiss Re to cut 10 per cent of workforce

Swiss Reinsurance Co., (OTC:SWCEY) the world’s second-biggest reinsurer, said on Thursday it intends to cut 10 per cent of its workforce over the coming twelve months in an attempt to simplify its operations and More...

By Adrian Santana On Monday, March 16th, 2009

UBS slashing 5000 senior jobs

UBS, Switzerland’s biggest bank is said to slash up to 5,000 jobs in senior and management positions over the coming weeks according to Swiss newspaper Sonntags Zeitung on Sunday. The Swiss newpaper said More...