Partial nationalisation of UBS considered

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  Supporters of the Swiss People’s Party’s “10 million Switzerland” initiative are facing criticism after admitting that restricting immigration could eventually lead to a higher retirement age.

• Canton Zug no longer the best tax haven

  Lucerne is set to overtake Zug as Switzerland’s most attractive canton for corporate taxation in 2026, according to a new analysis by consulting firm PwC.

• Geneva slammed by European court

  Canton Geneva has been condemned by the European Court of Human Rights over the handling of a protest organiser fined after a Women’s Day demonstration in 2019.

• Online retailers must have a Swiss office

  The lower house of parliament has backed a proposal to require major foreign online retailers to appoint a legal representative in the country.

• Fewer shops more restaurants in city centres

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• 14 kg of cocaine seized

  Customs officers have seized 14 kilos of cocaine during a vehicle inspection in canton Basel-Country.