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...
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...
Lamborghini sales drop 37 per cent as crisis worsens
The Italian supercarmaker Lamborghini has reported that worldwide sales dropped a whopping 37 per cent More...
Switzerland battles worst recession in 34 years
The Swiss government approved a third, 750 million Swiss franc ($690 million) More...
Hotel occupancy in Switzerland drops
During the month of March Swiss hotels saw a drop in their hotel occupancy More...
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...
UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs
Switzerland’s biggest bank, UBS announced Wednesday More...
Swiss consumer prices drop to 50-year record low
Consumer prices in Switzerland dropped the most in 50 years in March More...
Swiss Re to cut 10 per cent of workforce
Swiss Reinsurance Co., (OTC:SWCEY) the world’s second-biggest reinsurer More...
UBS slashing 5000 senior jobs
UBS, Switzerland’s biggest bank is said to slash up to 5,000 jobs More...
