Europe, Switzerland | featured news

Threatened by isolation, Switzerland lifting veil on secret bank accounts

Swiss Banks

For decades, Switzerland was the place where money went to hide. Cash sent to its mountain aeries was protected by some of the strictest secrecy laws in the world.

 

Switzerland on Brink of Recession

The Swiss economy has long appeared to be surprisingly resilient to the economic downturn across Europe, but the latest statistics released Tuesday showed that Switzerland is slowing down together with the rest of Europe. After a strong first quarter, the economy contracted in the second because of falling exports to the euro zone, the Alpine country's biggest trade partner. Compared with a year earlier, the Swiss economy still managed to expand at a 0.5% pace, but it contracted 0.1% from the first quarter.

 

Airplane completes solar-powered odyssey

Solar Airplane

A unique airplane has just completed a 4,000-mile journey, making the first solar-powered intercontinental round-trip air journey. Traveling between Europe and Africa, the Solar Impulse experimental solar airplane landed in Payerne, Switzerland at 8:30 p.m. local time (2:30 p.m. ET) on Tuesday. The odyssey began two months ago, on May 24. This wasn't a test to see how fast the plane could make the trip, but to assess its endurance and reliability.

 

Italy police seize $6 trillion of fake U.S. T-bonds

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.

 

Court to rule if Polanski can fight case from afar

Court to rule if Polanski can fight case from afar

Roman Polanski seemed to have little to lose last summer when his lawyers pressed to dismiss the child rape case in California that has haunted him since he fled to France three decades ago.

 

Police stop driver for 15 violations in 11 minutes

Authorities say an Italian man took reckless driving to new heights in 11 frantic minutes of traffic violations in eastern Switzerland.

 

Swiss canton bans nude hiking

Hikers will no longer be able to stroll naked through the idylic Alpine countryside of Appenzell Innerrhoden after the conservative Swiss canton banned nude walking there.

 

Hostels: the cure for expensive, lonely travel

Hostels: the cure for expensive, lonely travel

If you want to save money while traveling, consider hosteling. For this rock-bottom price, you get "no frills" accommodations in clean, stark dormitories. You may assume hostels aren't for you because, by every standard, you're "old."

 

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