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Poverty rate stubborn in rich Switzerland

An aerial view of the Congress Center in Davos, Switzerland, Tuesday, Jan. 22, 2013. The world's political and business elite gathered in the snow-covered resort of Davos on for the annual meeting of the World Economic Forum.  AP PHOTO/MICHEL EULER

Switzerland may be one of the world’s richest nations but as many as one resident in 13 lives in poverty, official data showed on Tuesday.

Posted: July 16th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Swiss gov’t moves to boost trade ties with booming PH

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The Swiss government sees the Philippines as a strategic and important artner in its diversification strategy, which will see the European country further boosting its trade and investments in the country, being identified as one of the leading emerging markets in Asia.

Posted: July 15th, 2014 in Headlines | Read More »

Swiss firms to check investment prospects in PH

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A high-level government delegation from Switzerland, along with a number of Swiss companies, is set to arrive in the country on July 14, to explore potential economic cooperation projects that could boost trade and investment ties between the two countries.

Posted: July 7th, 2014 in Headlines | Read More »

Tawdry tale of wine, fraud and spying grips Switzerland

Switzerland-map

A bizarre scandal is swirling around one of Switzerland’s leading wine producers after he was arrested last week along with a computer hacker, a detective and a spy.

Posted: June 16th, 2014 in Latest Business Stories | Read More »

Russian oligarch faces $4.5 billion Swiss divorce

A Sunday, Jan. 26 , 2014 from files showing President of AS Monaco Dmitry Rybolovlev, left, and Prince Albert II Of Monaco, as they attend the French League One soccer match Monaco vs Marseille, in Monaco stadium. A Swiss court has ordered Russian billionaire Dmitry Rybolovlev to pay $4.5 billion to his ex-wife, in what could end up being the biggest divorce settlement in history. In papers delivered to the parties Monday, May 19, 2014, the Geneva Tribunal of First Instance said the 47-year-old Rybolovlev, a co-owner of the French soccer club AS Monaco, must pay 4,020,555,987.80 Swiss francs ($4,509,375,184.80) to ex-wife Elena Rybolovleva, also 47, of Geneva. The judgment shows that his wife also won two pieces of real estate in the ultra-wealthy area of Geneva known as Cologny, where the couple once lived together, and confirmed her custody of their 13-year-old daughter Anna. They also have an older daughter, Ekaterina, after meeting as university students in Perm, Russia, and marrying there in 1987. The divorce case began in 2008, when Forbes estimated his worth at $12.8 billion. AP

A Swiss court has ordered a Russian billionaire to pay more than $4.5 billion to his ex-wife in what could become the biggest divorce settlement in history.

Posted: May 20th, 2014 in Latest Business Stories | Read More »

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