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 Libyan leader called...

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 speech in Benghazi, Libya’s second-largest...

Lamborghini sales drop 37 per cent as crisis worsens

The Italian supercarmaker Lamborghini has reported that worldwide sales dropped a whopping 37 per cent Share

Switzerland battles worst recession in 34 years

The Swiss government approved a third, 750 million Swiss franc ($690 million) Share

Hotel occupancy in Switzerland drops

During the month of March Swiss hotels saw a drop in their hotel occupancy Share

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 world is approaching its first “lost...

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

Switzerland’s biggest bank, UBS announced Wednesday Share

Swiss consumer prices drop to 50-year record low

Consumer prices in Switzerland dropped the most in 50 years in March Share

Swiss Re to cut 10 per cent of workforce

Swiss Reinsurance Co., (OTC:SWCEY) the world’s second-biggest reinsurer Share

UBS slashing 5000 senior jobs

UBS, Switzerland’s biggest bank is said to slash up to 5,000 jobs Share