UBS made a $29 billion quarterly profit after rescuing Credit Suisse

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UBS
UBS is based in Zurich, Switzerland.

Fabrice Coffrini/AFP/Getty Images

Rolex wants more control of its retail sales — and the move has sent shares of a top luxury watch dealer down 21%

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Watches of Switzerland, Rolex retail store
Retail store Watches of Switzerland sells Rolex watches, but its market share could be under threat now.

Peter Dazeley / Getty

Switzerland is the most expensive place in Europe to see Taylor Swift's Eras Tours, because of course it is

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Swiss flag and Taylor Swift
Switzerland's the most expensive place to see Taylor Swift's Eras Tours in Europe and it's a surprise to literally no one.

Fabrice Coffrini/AFP/Getty Images and Jeff Kravitz/TAS23/Getty Images

The remains of long-lost climbers are appearing as climate change melts glaciers

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Ice on a glacier melting into dripping water.
A melted glacier revealed the remains of a long-lost German mountain climber this month.

Denis Balibouse/Reuters

Russia's central bank has $8 billion frozen in Switzerland, which is still deciding what to do with the funds

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The Swiss government has put a stop to some Credit Suisse banker bonuses after public backlash over the state-engineered rescue plan

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Chairman of the Board of Directors of UBS, Colm Kelleher and Chairman of the Board of Directors of Credit Suisse, Axel Lehmann attend a news conference on Credit Suisse after UBS takeover offer, in Bern, Switzerland, March 19, 2023.
Colm Kelleher, the chairman of UBS, looks to shake hands with Axel Lehmann, his counterpart at Credit Suisse, on Sunday.

Denis Balibouse/Reuters

'Nobody has a clue what happens next': Industry insiders react to Credit Suisse's rescue takeover by UBS

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credit suisse
Credit Suisse was bought by UBS over the weekend in a deal pushed by Swiss regulators.

Fabrice Coffrini/AFP/Getty Images)

UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

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Credit Suisse logo
UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

Arnd Wiegmann/Getty Images

Credit Suisse tells staff to keep working and that salary and bonus will be paid 'as previously communicated' after UBS takeover deal: reports

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People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
Credit Suisse tells employees to continue working.

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Hundreds of Google workers in Zurich walked out after 200 of their colleagues got laid off

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Hundreds of Google workers staging a protest in Zurich, Switzerland on March 15, 2023.
Google staff walked out in Zurich on Wednesday.

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