Apr 29, 2015

Swedish Embassy honors entrepreneurs

Six entrepreneurs — four Japanese and one each from Hong Kong and the United States — were given awards for their innovative achievements in a ceremony at the Swedish Embassy in Tokyo this week. At the fifth annual ceremony held Monday, six special prizes ...

Apr 9, 2015

Switzerland expands negative-yield universe at bond auction

In a world where paying for the privilege of lending to creditworthy nations has lost its stigma, Switzerland is breaking the most ground. The nation on Wednesday became the first to sell 10-year bonds via auction at a negative yield, meaning investors who acquired ...

After two-year upgrade, Large Hadron Collider starts back up

Apr 6, 2015

After two-year upgrade, Large Hadron Collider starts back up

The world’s largest particle smasher restarted Sunday after a two-year upgrade that will allow physicists to explore uncharted corners of what makes up the universe, including dark matter and antimatter. “After two years of intense maintenance and several months of preparation for restart, the ...

Mar 29, 2015

Swiss pilot on solo odyssey dies in Ecuador crash

A Swiss aviator attempting to circumnavigate the world in 20 months in a lightweight two-seater aircraft died Saturday after crashing into a volcano in central Ecuador, officials said. Eric Guilloud, 62, was declared dead following the accident in Cotopaxi province, Ecuador’s Directorate General of ...

Mar 21, 2015

Switzerland, Luxembourg both plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed Asian Infrastructure Investment Bank, China’s Finance Ministry said, the latest European nations to sign up to the multilateral lender which has drawn skepticism from the United States. Britain, France, Germany and Italy have already announced ...

Swiss raid HSBC in money laundering probe

Feb 19, 2015

Swiss raid HSBC in money laundering probe

Swiss authorities on Wednesday raided British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank, which has been accused of helping clients to dodge millions of dollars in taxes. The investigation comes just days after HSBC Switzerland became ...

Feb 18, 2015

France issues warrants for UBS managers in tax fraud case

French judges on Tuesday issued arrest warrants for three former managers at Swiss bank UBS over allegations it helped customers hide money from the taxman in Switzerland. The three managers, one of whom was in charge of wealth management in Europe, are based in ...

Expert denies authenticating 'lost' Leonardo

Feb 12, 2015

Expert denies authenticating 'lost' Leonardo

Assertions that an eminent scholar had authenticated a portrait by Leonardo da Vinci tantalized art lovers with the prospect of a new masterpiece and inflated a backroom bidding war worth tens of millions of euros. Only Carlo Pedretti, longtime director of the Leonardo center ...