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GENEVA (AP) — Switzerland's effort to end a tax-evasion dispute with Washington hit a major setback Tuesday when lawmakers blocked a treaty that would have seen the largest Swiss bank give U.S. authorities files on thousands of American clients.The Swiss government and Washington had painstakingly crafted the treaty last August to resolve a long-standing dispute over UBS AG's alleged role in aiding tax evasion, but 104 nationalist and left-wing lawmakers in Switzerland's lower house, the National Council, voted against the deal, compared to 76 in favor, after their demanded amendments were refused. Sixteen lawmakers abstained.The government and industry groups had urged lawmakers to sign off on the treaty to avert harm to the Swiss economy, which is heavily dependent on the country's banking industry."With today's negative decision the National Council has unfortunately done a disservice to Switzerland's standing as an economic and financial center," said the Swiss Bankers Association,...
Swiss federal police say they investigated several reports of terrorist financing amid a high number of suspected money-laundering cases connected to banks last year...
Swiss prosecutors have opened a criminal investigation into suspected money-laundering after a U.S. investor claimed that Russian tax officials used Swiss bank accou...
Workers hugged, cheered and set off fireworks as the huge drill broke through the last stretch of rock deep in the Swiss Alps. There was delight at the end of the tu...
Angry Swiss lawmakers called Monday for the ouster of U.S. diplomats suspected of illegally spying on people around their diplomatic missions, in a standoff over the...
GENEVA -- Roman Polanski will remain in a jail outside Zurich for at least three more days until he meets the security conditions of his bail, a Swiss official said ...
It's being called the "world's scariest bridge," and now anyone who doesn't have a fear of heights or getting blown off a Swiss mountaintop, can try their hand at w...
GENEVA (AP) — Switzerland's popular Glacier Express tourist train derailed Friday in the Alps, killing one person and injuring 42 others on its spectacular journey b...
The Swiss government wants to broaden its anti-corruption laws to make bribery a criminal offense in almost all cases.The move follows criticism from anti-graft advo...
WikiLeaks' elusive founder, his options dwindling, has turned to Switzerland's credit, postal and Internet infrastructure to keep his online trove of U.S. State Depa...
GENEVA (AP) — Swiss police say they are investigating the avalanche death of an American exchange student in the mountains south of the capital, Bern.Police say the ...
Switzerland won its third straight game without a loss on Monday at the 2013 World Hockey Championship.The Swiss, coming off a stunning 3-2 shootout win over Canada ...
Switzerland's main passenger rail connection to Italy has been cut for at least a month because of a rockslide in the Alps that has left one man missing.Swiss railwa...
Reto Berra stopped 29 shots and Nino Niederreiter scored the game winner in the second period as Switzerland took a 3-0 victory over the United States in the semifin...
GENEVA (AP) — The family of a Swiss citizen held in Libya for two years spoke of their joy Monday at his return home hours after Tripoli and Bern signed an agreement...
GENEVA-- The president of the Swiss National Bank has come under fire over a currency deal that saw his wife profit handsomely from the central bank's decision to de...
GENEVA (AP) — Switzerland's president said Monday that officials considered using force to free two Swiss citizens who were detained in Libya for more than a year.Sw...
Tensions between Germany and Hungary have flared over remarks by the two countries' leaders, including references to Hitler's occupation of the eastern European coun...
A first-quarter net profit of $1 billion thanks to strong investment banking and wealth management sent shares in Swiss bank UBS AG up 5 percent Tuesday morning on t...
The Swiss Alpine Club says the number of deaths in the mountains of the Swiss Alps and the Jura fell by a third in 2012 from the previous year due to often-poor weat...
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