switzerland
In the early 1990s, when Caroline Scheufele was still a young designer at her family’s watchmaking business, she realised Chopard did not make the kind of sportier women’s watch she wanted to wear. So, she took matters into her own hands. “I used to do a lot of sports, like skiing and swimming and tennis,” the artistic director and co-president of Chopard told Euronews Culture. “I realised we didn’t have anything cool like a sports ladies’ watch. Everything was sort of delicate with white gold or yellow gold, not even rose gold. So I designed the Happy Sport.” The Happy Sport - first released ...
Euronews (English)
Russian President Vladimir Putin has criticized a high-level international peace conference on Ukraine in June being planned for June in Switzerland. Russia will not be invited to the conference, but at the same time it will be clear that nothing can be decided without Moscow, Putin said at a meeting with Belarusian leader Alexander Lukashenko on Thursday, the Russian news agency Interfax reported. "And because we are not going there, people are now saying that we are refusing to negotiate. This is a real panopticon," Putin asserted. On Wednesday, the Russian embassy in Bern said that Russia w...
DPA Breaking News
In a landmark decision, the European Court of Human Rights (ECHR) has today ruled that climate change violates the right to respect for one’s private and family life. This is the main legal basis through which the court has previous rule on environmental cases, but an “historic” one regarding the climate crisis, observers say. The case was brought by an association of older Swiss women concerned about the impact of global warming on their health, who claim the Swiss government is not taking enough action. The ECHR ruled by 16 judges to 1 that the KlimaSeniorinnen (Swiss Elders for Climate Prot...
Euronews (English)
Annual inflation slowed as prices rose 1% compared to the previous year in Switzerland, the Federal Statistical Office reported on Thursday. The rate of the price increase was less than expected and also slower than the 1.2% measured in the previous month. As a matter of fact, it was the slowest since September 2021, vindicating thesurprise rate cut from the Swiss National Bank (SNB) last month. Annual core inflation, excluding volatile items such as food and energy prices, also slowed to 1% from the previous 1.1%. Switzerland and Norway could invest $100 billion in IndiaPrices remained unchan...
Euronews (English)
Geneva (AFP) - One of the three people killed by an avalanche at the luxury Swiss ski resort of Zermatt was a 15-year-old boy from the United States, police said Tuesday. The two others killed in Monday's avalanche were "a man and a woman who are still being identified", the Wallis regional police said in a statement. "Regarding the female victim, we so far have no information allowing us to identify her." The large avalanche happened in an out-of-bounds area at Zermatt in southern Switzerland shortly after 2:00 pm (1200 GMT), and an extensive search was immediately carried out despite bad wea...
AFP
Chinese consumers are becoming more cautious when it comes to spending on big-ticket items such as luxury goods, Swatch has warned. The increased cost of living, as well as a slowing economy still dealing with the lingering effects of the Covid-19 pandemic, have significantly contributed to this, the Swiss watchmaker explained. Increasing youth unemployment, as well as a struggling property sector has ensured that consumers are now thinking much more before making a purchase, preferring to buy fewer but more long-lasting pieces. Deflationary concerns have also led to clients choosing to save a...
Euronews (English)
For those with a close eye on Europe’s best cities, it will come as little surprise that Zurich has come out on top on the latest ranking of the continent’s most liveable places. Switzerland’s largest city beat out everywhere else in Europe in the recently-released quality of life report from the European Commission. The body’s survey took in answers from some 71,153 residents from 83 cities across the EU, European Free Trade Association (EFTA) countries, the United Kingdom, the Western Balkans and Turkey. While the findings, which used data from 2023, discovered that, on average, about 9 in 1...
Euronews (English)
Thomas Jordan, the outgoing SNB chairman, credited the central bank's push to rein in inflation in the wealthy Alpine country. The cut of a quarter of a percentage point, to 1.5%, will apply as of Friday. Jordan explained to reporters why they opted to trim the key rate now. "The easing of our monetary policy has been made possible because the fight against inflation over the past two and a half years has been effective," he said. "For some months now, inflation has been back below 2%, and thus in the range we equate with price stability," Jordan added. "According to our new forecast, inflatio...
Euronews (English)
Last week witnessed a continued surge in European stock markets, with the Euro Stoxx 50 index surpassing the historic milestone of 5,000 points for the first time. However, Wall Street's rally lost steam, concluding the week on a negative note primarily attributed to a resurgence in bond yields. Looking Ahead: Central Banks Set to Determine Interest RatesGlobal inflation may face risks of re-elevating due to signs of a rebound in energy prices, typically in crude oil. This resurgence poses a challenge to central banks' outlooks regarding their policy trajectories, especially considering that m...
Euronews (English)
Either you adapt or you die - that’s the sentiment across the globe when it comes to the adoption of digital assets, including cryptocurrencies, by traditional banks. And Europe, at the moment, is leading the global race, with Switzerland on top: not only can some of its residents now pay for their coffees using crypto, but their taxes too. The European Union is catching up, with crypto assets becoming widely regulated when the Markets in Crypto-Assets Regulation (MiCAR) comes online on 1 January 2025. “Europe became one of the leaders here, especially when we speak about this framework for re...
Euronews (English)
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