By Urs GeiserThe Swiss government has agreed in principle on extending due diligence requirements of banks and improved legal assistance on tax matters with other countries.The finance ministry has been mandated to prepare concrete measures by next September in a bid to strengthen Switzerlan...

Shell said Wednesday that Malcolm Brinded has agreed to step down as an Executive Director of the company with effect from 1 April 2012. Brinded has agreed to remain at Shell until 30 April 2012 in order to assist with the transition of his responsibilities.At the same time the Board of Royal Du...

(EurActiv) -- Analysts and politicians concur that the second bailout plan for Greece, agreed yesterday (21 February), has only bought Athens more time, with some already betting on a discreet euro exit for the debt-laden and recession-stricken economy.The biggest merit of the bailout plan, agre...

British Prime Minister David Cameron has called for tough action to prevent Greek debt turmoil spreading as analysts warned that today's 110 billion pounds bailout does not spell the end of the "crisis marathon".The Prime Minister said Europe must focus on creating a firewall capable of preventi...

All eyes will be on Finance Minister Pravin Gordhan when he tables the 2012 National Budget Wednesday.Gordhan will table his budget in Parliament at 2pm on Wednesday, at a time when the country's budget deficit is under the spotlight. The speech will be broadcast live on SABC radio and televisio...

The EU austerity plan for Greece will not rescue the country from default, Paul Krugman, Princeton University professor and winner of the 2008 Nobel Prize in economics, said in his blog in The New York Times on Tuesday.Eurozone officials agreed early on Tuesday a second 130 billion euro ($172 bi...

The agreement between the European authorities and Greece won’t resolve Greece’s economic crisis and is likely to make it worse, said Mark Weisbrot, economist and Co-Director of the Center for Economic and Policy Research (CEPR).“The European authorities seem more intent on punishing Greece than...

By Samuel JabergScorned as cheating the tax office and social security, moonlighting is often also a way of preserving human dignity and keeping skills up to date.That’s the finding of a study carried out in the French-speaking part of Switzerland by a team of sociologists. The survey came f...

(RFE/RL) -- Eurozone finance ministers have reached a deal to provide Greece with a 130 billion-euro loan package as part of a two-pronged approach to save that country from bankruptcy.Under the deal, private investors with Greek bonds -- mostly banks and investment funds -- also are being asked...

By Andy DabilisWhen George Karatzaferis, leader of the far Right-Wing LAOS party, spoke before parliament last week on whether Greece would accept the additional austerity measures demanded by international lenders, he invoked an image that terrified those who remember World War II, and infuriat...