Switzerland

Swiss police say an investigation is underway after workers at a Nespresso warehouse in western Switzerland came upon 500 kilograms (over 1,100 pounds) of cocaine, with a street value of $50 million, as they unloaded coffee beans that had arrived by train.

Switzerland announced on Monday it will sanction Russia over the war in Ukraine.

The Swiss president says Russia’s attack on Ukraine is “unacceptable” and Switzerland will adopt European Union sanctions, including asset freezes, targeting Russians – all but depriving well-heeled Russians of access to one of their favorite havens to park their money.

Citing high vaccination rates and the mildness of most omicron infections, Europeans nations are dropping rules deemed no longer effective against Covid-19.  

In a 4-0 win, Team Finland secured their fourth bronze medal in women’s hockey at the Olympics.

The U.S. women’s curling team lost to Switzerland 9-6 in their round-robin match, bringing them to a three-way tie for third place in round-robin play.

The U.S. men’s curling team defeated Switzerland 7-4 in their round-robin match, bringing them to fourth place overall.

Switzerland won Gold in Women’s Slopestyle and Eileen Gu, competing for China, wins Silver at the 2022 Beijing Winter Olympics

Switzerland’s Lara Gut-Behrami wins gold and USA’s Mikaela Shiffrin placed ninth in women’s alpine skiing super-G. This was Shiffrin’s first time competing in super-G at the Olympics.

Team USA won 8-0 in the third of four preliminary games in the 2022 Olympics.

Seba Bank CEO Guido Buehler told CNBC that bitcoin’s price could rise to between $50,000 and $75,000 in 2022.

Lucid has announced that it plans to start expanding into European markets this year as demand for electric vehicles soars.

The annual event usually sees world leaders, billionaires and executives descend upon the Swiss Alpine town of Davos.

Patek Philippe will make 170 special versions of its most popular watch, the Nautilus Ref. 5711, as part of a partnership with Tiffany & Co.

Richer nations have hoarded the highest number of Covid shots, while many low-income nations have struggled to get their hands on the much-needed vaccines.

The Swiss bank also revealed that it expects to report a net loss in the fourth quarter and said it plans to scale back its investment banking operations.

Stunning scenery and high quality education are just a couple of reasons why expats enjoy living in Switzerland.

UBS has beaten analyst expectations in the third quarter as its wealth management division continues to outperform.

After an 18-month hiatus, the luxurious Venice Simplon-Oriental-Express is back on the rails, with new routes to Amsterdam, Brussels, Geneva, Rome and Florence.

States like South Dakota have become global tax havens for the wealthy, according to the ‘Pandora Papers’ leak. Experts explain how.