Swiss banking giant UBS has been hit with the largest fine in French history: €3.7b, the result of a 7-year investigation of the bank's role in helping the wealthiest French citizens hide €10b from tax authorities. The fine is more than ten times larger than the next-largest fine in French history, when HSBC paid €300m over its wrongdoing. The fine represents 92% of the bank's 2018 profits.
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The planned delegation included Pompeo and Mnuchin.
White House press secretary Sarah Sanders says the Trump administration has canceled a planned trip to Davos, Switzerland, for the World Economic Forum. The announcement was made today, Thursday, the 27th day of Trump's partial government shutdown. Read the rest
Mudslides cascading down from the steep Swiss mountains are common enough that locals knew to come out and watch them, but even jaded locals were surprised by the intensity of slides so big they didn't fit under the bridges. Read the rest
Nancy Holten moved to Switzerland 34 years ago as a child, but she's just been denied a Swiss passport because her campaign to end the tradition of Swiss cowbells is "too annoying." Read the rest
A survey of 1,500 Zurich canton doctors reported in the Swiss Medical Weekly found that out of the respondents, 23% had prescribed homeopathic "remedies" but only 42% actually believe in homeopathy (a discredited medieval quack remedy that involves giving water to patients that is supposed to "remember" having been in contact with molecules of allegedly helpful compounds that have been diluted out of the dose); 35% of the rest prescribe on the basis that the placebo effect might help their patients.
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Swiss researchers have unleashed a robotic eel in Lake Geneva, and their Envirobot successfully detected where the researchers had poured salt along the shore. Read the rest
On the toboggan run (rodelbahn) overlooking Oeschinen Lake near Kandersteg, Switzerland, some people go in summer for the breathtaking view. Others go for the speedy thrill. Either way it looks like fun! Read the rest
When I was becoming a British citizen, the one thing everyone knew was that the Life in the UK citizenship test was full of weird, arbitrary questions that most Britons couldn't answer, but next to Switzerland, the British process seems downright sane. Read the rest
Are you an "artist, designer, biohacker, or other cultural practitioner" who's interested in synthetic biology? You could spend 4-6 weeks in Zurich at the Bioprocess Laboratory, where you will "actively engage with scientists working on a synthetic biology related project with focus on the design of antibiotics." Read the rest
For nearly an hour, this steam train from Brienz to Rothorn ascends a steep mountain and navigates narrow tunnels amid spectacular Swiss scenery. In addition to driver POV, YouTuber Timsvideochannel1 also got footage of the views: Read the rest
In 2008, the Swiss/Danish design team Yarisal & Kublitz created their "Anger Release Machine," a vending machine stocked with "crystal glasses, plates, porcelain, various items" (the catalog helpfully adds "70 x 77 x 182 cm") -- insert coin, shatter breakables, feel better. Read the rest
Paris's Musée national du Moyen Âge teamed up with The University of Geneva to make this video demonstrating the fighting techniques available to people in 15th century armor, which are much more fluid and athletic that I had presumed -- turns out you can really move in those tin cans. (via We Make Money Not Art) Read the rest
National treasury bonds are the safe option in times of global turmoil, and the more uncertain things are, the more people buy them, and the higher their prices go. Read the rest
This interview with UBS whistleblower Brad Birkenfeld is as neat a case study in financial corruption as you could ask for: Birkenfeld's disclosures detailed 19,000 US tax evaders, including the bank's super-secretive list of "politically exposed persons," including people who laundered money for terrorists, and the US government threw him in prison (as well as paying him the largest reward in US history), declined to prosecute three quarters of those implicated, and then put him in prison. Read the rest
Colombia wants to produce Novartis's leukemia drug imatinib under a compulsory license, something it is allowed to do under its trade agreement with the USA, to bring the price down from $15,161/year (double the annual average income) to prices like those charged in India ($803/year). Read the rest
Switzerland is a haven for internet piracy, the Obama Administration's global trade rep says. The European nation famous for Swiss Alps, Swiss Cheese, Fondue, and being a long-term U.S. political ally since WWII is now on America's annual intellectual property shitlist. Read the rest
Protonmail is a Swiss pro-privacy email provider that offers end-to-end encyption to its customers. When the Swiss government proposed the Nachrichtendienstgesetzt -- a bill to create a "mini NSA" with the power to effect warrantless mass surveillance, including hacking residents' computers -- the company called on its users and supporters to petition the government for a referendum on the law. Read the rest