Switzerland

UEFA has escalated its conflict with FIFA President Gianni Infantino by submitting a 60-page evidence request to a U.S. federal court in Florida and filing a lawsuit in New York. The legal actions seek documents related to Infantino’s abandoned plan to sell a 20% stake in FIFA’s commercial operations to Thrive Eternal for $4.2 billion, which UEFA alleges was undervalued and promoted for personal benefit. UEFA aims to use the evidence for a potential criminal complaint in Switzerland, accusing Infantino of criminal mismanagement and fraud.

7 reports · 5 sources · Updated Aug 28, 01:46 AM UTC

FIFA President Gianni Infantino is reportedly planning to sell a 20-30% minority stake in a new commercial entity valued at $20 billion, which would control the World Cup and Club World Cup. Private investors, including Joshua Kushner and JPMorgan, are involved, with figures close to the Trump administration consulted. The plan could earn Infantino tens of millions and a potential $64 million annual salary as commissioner after his term ends in 2031. UEFA has strongly condemned the move, warning it threatens football governance.

101 reports · 23 sources · Updated Aug 11, 07:24 AM UTC

The Tamil Nadu government signed four memoranda of understanding (MoUs) on July 30, 2026, to establish Global Capability Centres (GCCs), R&D centres, and a manufacturing facility in the state. Key agreements include Chubb (Switzerland) and Nordex (Germany) setting up GCCs in Chennai, creating 220 and 1,000 jobs respectively. The University of Western Australia will establish Tamil Nadu's first international university campus in Velachery, Chennai, with a ₹125 crore investment on 50,000 sq. ft., generating over 200 jobs. South Korean auto-components manufacturer MotiveLink will set up a ₹300 crore manufacturing facility at SIPCOT Pillaipakkam Industrial Park, creating 1,500 jobs. Together, these MoUs are expected to generate 2,920 direct and indirect jobs. Chief Minister C. Joseph Vijay oversaw the signing at the Guidance Tamil Nadu office.

1 reports · 1 sources · Updated Jul 30, 10:02 AM UTC

Maruti Suzuki India Ltd has emerged as India's top electric vehicle (EV) exporter in the first quarter of fiscal year 2027 (April-June 2026), shipping 15,210 units of its e Vitara model. This accounts for a dominant 97% share of the country's total EV exports, which stood at 15,641 units during the period. Since the e Vitara's launch in August 2025, Maruti has exported over 41,000 units to 47 countries, with the UK, Germany, Japan, Norway, and Switzerland as leading destinations. The company's Senior Executive Officer, Rahul Bharti, highlighted the achievement as a symbol of high-tech Indian manufacturing on the global stage. Maruti is taking a calibrated approach to expanding its EV presence in the domestic market, aligning with the growth of charging infrastructure.

1 reports · 1 sources · Updated Jul 29, 11:03 AM UTC

Benfica midfielder Leandro Barreiro has returned to the team's final training session before the second leg match against St. Gallen, having recovered from a respiratory infection that caused him to miss the first leg in Switzerland. The Luxembourg international is now available for selection. The article also reports that young Benfica player Jaden Umeh underwent successful surgery on his right thigh after being injured in a friendly against Flamengo, with Emerson Royal apologizing for the incident. Additionally, Benfica is moving forward with a contract renewal for center-back Tomás Araújo, increasing his salary. In transfer news, Czech international Chaloupek, a target for Benfica as a potential successor to António Silva, is reportedly prioritizing a move to the Premier League, meaning Benfica will need to convince him to join.

1 reports · 1 sources · Updated Jul 29, 10:39 AM UTC

Thomas Cordier, 20-year-old left-back and captain of Paris Saint-Germain's Youth League team, has signed a three-year contract with Swiss Super League club Lausanne-Sport after his PSG contract expired. Cordier, a lifelong PSG academy product, helped the team reach the Youth League semi-finals. A previous move to Ligue 2 side Red Star fell through. The transfer was finalized on July 31, 2026, marking his first professional move abroad.

5 reports · 2 sources · Updated Jul 31, 09:15 AM UTC

The article analyzes Pope Leo XIV's decisive excommunication of the ultra-traditionalist Society of Saint Pius X (SSPX) after the group conducted unsanctioned consecrations of four bishops in Switzerland. The author argues that Pope Leo's firm action against a reactionary splinter group within the Catholic Church offers a lesson for democratic leaders facing growing far-right movements. The SSPX, formed in 1970 in opposition to Second Vatican Council reforms, had a history of defying Vatican authority, including a previous excommunication in 1988 that was later reversed by Pope Benedict XVI. Pope Leo, a progressive ally of Pope Francis, surprised observers by declaring the entire society schismatic and excommunicating its bishops, priests, and loyal laypeople. The piece frames this as a model for confronting anti-democratic forces rather than attempting conciliation.

1 reports · 1 sources · Updated Jul 29, 09:00 AM UTC

In a tense World Cup quarterfinal on July 12, Argentina defeated Switzerland. Swiss forward Breel Embolo was sent off in the 71st minute after receiving a second yellow card for diving, following earlier incidents including a yellow card for a foul on Paredes. Argentine goalkeeper Emiliano Martinez made crucial saves, including denying Embolo and Xhaka. Paredes also suffered an injury from consecutive blocks, temporarily halting the match.

79 reports · 15 sources · Updated Jul 29, 08:34 AM UTC

UBS reported a forecast-beating 17% increase in second-quarter net profit, with net profit attributable to shareholders reaching US$2.8 billion. The Swiss bank also announced plans for US$3 billion in new share buybacks by the end of June, following US$3 billion in buybacks completed in July. The strong performance and capital return program signal confidence in the bank's financial health and outlook.

1 reports · 1 sources · Updated Jul 29, 05:26 AM UTC

UBS reported a forecast-beating 17% increase in second-quarter net profit, with net profit attributable to shareholders reaching US$2.8 billion. The Swiss bank also announced plans for US$3 billion in new share buybacks by the end of June, following US$3 billion in buybacks completed in July. The strong performance and capital return plans signal confidence in the bank's financial health and strategic direction, particularly following its integration of Credit Suisse. The results exceeded analyst expectations, driven by robust performance in wealth management and investment banking divisions.

1 reports · 1 sources · Updated Jul 29, 05:26 AM UTC

Geneva, Switzerland, will host the 2026 FIDE World Chess Championship match between reigning champion D. Gukesh of India and challenger Javokhir Sindarov of Uzbekistan from November 25 to December 15. Both players are 20 years old, making this the youngest world title match in chess history. Gukesh won the title by defeating China's Ding Liren in Singapore two years ago, while Sindarov earned his challenger status by winning the Candidates tournament. FIDE interim president Viswanathan Anand stated that several countries, including India, the United States, and Cyprus, had expressed interest in hosting, but FIDE chose Geneva for its tradition of bringing nations together. The match marks the return of a world championship event to Switzerland 22 years after the 2004 Brissago match.

1 reports · 1 sources · Updated Jul 28, 02:05 PM UTC

Dubai's Department of Economy and Tourism (DET) has partnered with Swiss wealth manager Julius Baer to help overseas investors, business owners, and family offices establish or expand operations in Dubai. The collaboration aims to create formal pathways for ultra-high-net-worth individuals under the Dubai Economic Agenda D33. Julius Baer, which has operated in Dubai for over two decades, reported assets under management of SFr547bn ($666.9bn) as of June 2026 and a 128% profit increase in the first half of 2026. DET stated the alliance will help global investors understand Dubai's economic direction and ecosystem. The partnership is seen as a natural extension of Julius Baer's long-standing commitment to the region.

1 reports · 1 sources · Updated Jul 28, 11:57 AM UTC

The Swiss Federal Criminal Court has fined Lombard Odier & Cie SFr3 million ($3.7 million) for failing to prevent an Uzbek money-laundering network from operating through its Geneva branch. A former relationship manager, identified only as C., received a two-year suspended prison sentence for aggravated money laundering, having managed approximately $140 million in tainted funds. The court found that the bank had evidence suggesting assets originated from corruption but did not conduct adequate due diligence. The case is linked to Gulnara Karimova, an Uzbek businesswoman and former diplomat, whose case was dismissed because her detention in Uzbekistan made a fair trial impossible. Prosecutors alleged that the bank lacked safeguards to prevent concealment of funds connected to 'The Office,' a structure allegedly created by Karimova. Lombard Odier stated it disagrees with the ruling and plans to appeal, noting that it proactively reported suspicions to Swiss authorities in 2012. Over $400 million in related assets in Switzerland will be confiscated.

1 reports · 1 sources · Updated Jul 28, 11:46 AM UTC

Chief refereeing officers from all 55 European national football associations, along with Uefa and IFAB representatives, have agreed that VAR should only be used to correct 'blatantly incorrect' decisions or clear missed incidents, returning to its original 'minimum interference - maximum benefit' philosophy. The meeting criticized 'lengthy, microscoping reviews' as a sign that the on-field decision was not clearly wrong. Officials also clarified the 'mistaken identity' rule, limiting VAR's role in reviewing cautions to identifying the correct player, not altering the offence. Additionally, there was unanimous support for new rules to reduce delays, including time limits on goal-kicks, throw-ins, and substitutions. BBC analyst Simon Stone notes that while the intent is positive, the subjective nature of 'clear and obvious' will likely continue to fuel debate.

1 reports · 1 sources · Updated Jul 28, 11:30 AM UTC

BC Partners, a private equity firm, has agreed to acquire a co-control stake in InfoRLife, a Swiss contract development and manufacturing organization (CDMO) that specializes in producing ready-to-use IV infusion bags for hospitals. InfoRLife was founded in 2002 as a division of ACS Dobfar and operates manufacturing sites in Switzerland, Romania, and Tunisia. The deal highlights continued private equity interest in the healthcare and pharmaceutical manufacturing sector, particularly in CDMOs that serve hospital supply chains. The financial terms of the transaction were not disclosed in the announcement.

1 reports · 1 sources · Updated Jul 28, 11:16 AM UTC

China has announced new tax rules targeting offshore trusts held by wealthy individuals, effective immediately. The Ministry of Finance stated that personal income tax will be charged on gains in asset values—such as shares and real estate—when these assets are first placed into offshore trusts, and income generated by the trusts will be taxed annually. The move aims to close a tax avoidance loophole and ease fiscal pressures exacerbated by a prolonged housing market downturn and economic slowdown. A 90-day grace period is offered for voluntary compliance on assets transferred between 2023 and 2025. The overhaul is expected to significantly impact Hong Kong, which recently overtook Switzerland as the world's largest offshore wealth center, with hundreds of billions of dollars held there. The policy follows a recent National Audit Office report uncovering tax evasion at state-owned financial institutions.

1 reports · 1 sources · Updated Jul 28, 09:45 AM UTC

China has announced a major overhaul of tax rules targeting offshore trusts used by wealthy individuals to avoid taxes. Effective immediately, personal income tax will be charged on gains in asset values—such as shares and real estate—when these assets are first placed into offshore trusts, and income generated by the trusts will be taxed annually. The policy aims to close a long-used tax loophole and ease fiscal pressures on Beijing and local governments, exacerbated by a prolonged housing market downturn. A 90-day grace period is offered for voluntary compliance on assets transferred between 2023 and 2025. The changes are expected to significantly impact Hong Kong, which has overtaken Switzerland as the world's largest offshore wealth center, with hundreds of billions of dollars held there. The move follows recent audits uncovering tax evasion at state-owned financial institutions.

1 reports · 1 sources · Updated Jul 28, 09:45 AM UTC

French winger Aaron Malouda, 20, is set to move from Azerbaijani club Sabah FK to Swiss side FC Basel for an estimated €3 million. Initially loaned by LOSC Lille to Sabah last summer, he was permanently transferred in January 2025. After a strong season with 9 goals and 4 assists in 29 matches, plus five France U-19 caps, Basel’s final offer is expected to be accepted, marking a return to a more prominent European league.

6 reports · 3 sources · Updated Jul 28, 09:39 AM UTC

Swiss international defender Eray Cömert has officially ended his time at Valencia CF, posting an emotional farewell on social media one month after his contract expired on June 30, 2026. Cömert admitted he held a small hope of staying, and both parties attempted to negotiate a renewal but failed to reach an agreement. The 27-year-old center-back, who joined Valencia from Basel in January 2022, had loan spells at Nantes (2023-24) and Valladolid (2024-25) before returning for his final season. He regained prominence in the second half of the 2025-26 campaign under Carlos Corberán, taking advantage of injuries to Diakhaby and Copete, and delivered his best performances for the club. According to journalist Gianluca Di Marzio, Cömert has agreed to a two-season contract with Serie A side Torino. Valencia currently has center-backs Tárrega, De Haas, Diakhaby (injury-prone), and Copete (injured until September-October), plus Iker Córdoba returning from loan.

1 reports · 1 sources · Updated Jul 28, 07:59 AM UTC

Swiss international defender Eray Cömert has officially ended his time at Valencia CF, saying goodbye via social media a month after his contract expired on June 30, 2026. In his farewell message, Cömert admitted he had a 'small hope' of staying and noted that both parties tried to extend the relationship but could not reach an agreement. The 27-year-old center-back, who joined Valencia in January 2022 from Basel, played a key role in the club's Copa del Rey final run and survival in La Liga. After loans to Nantes and Valladolid, he regained prominence in the second half of the 2025-26 season under Carlos Corberán. According to journalist Gianluca Di Marzio, Cömert has agreed to a two-season contract with Serie A side Torino. Valencia's current center-back options include Tárrega, De Haas, Diakhaby (injury-prone), and Copete (injured until September-October).

1 reports · 1 sources · Updated Jul 28, 07:59 AM UTC

The International Football Association Board (IFAB) has clarified that the 'Mistaken Identity' clause in VAR protocol cannot be used to penalize simulation (diving). The clause only applies to correcting which player committed a foul, not to changing the nature of the foul itself. This clarification retroactively affects two controversial World Cup incidents: in the group stage, USA vs Paraguay, where Tim Ream's yellow card was overturned and Miguel Almirón was booked for simulation; and in the quarterfinal between Argentina and Switzerland, where Breel Embolo was sent off for a second yellow card after VAR recommended a review for simulation. IFAB stated that while the use of the clause for simulation was 'well received,' it should not be used for such purposes again until a comprehensive review of the VAR protocol is completed. The ruling means Embolo's red card was incorrect.

1 reports · 1 sources · Updated Jul 28, 03:10 AM UTC

Austria’s coalition government approved a major military reform extending mandatory service from six to nine months, effective January 2027. Citing Russia’s invasion of Ukraine and rising hybrid threats, Chancellor Christian Stocker said the “dream of lasting peace in Europe has shattered.” The reform adds reserve training, raises conscript pay to €1,000/month, and adjusts civilian service. It requires a two-thirds parliamentary majority, with opposition parties critical. Austria, a neutral country surrounded by NATO members, moves against the European trend toward professional armies.

5 reports · 3 sources · Updated Jul 28, 04:00 PM UTC

The Future of Investment and Trade Partnership (FIT-P), a flexible trade arrangement launched in September 2025 with 14 founding members, is gaining momentum. On July 17, ministers from 21 countries met in New Zealand to advance the initiative, which now has 19 members representing nearly 20% of global goods trade. Spearheaded by Singapore, Switzerland, New Zealand, and the UAE, FIT-P focuses on practical collaboration to strengthen supply chains, remove non-tariff barriers, integrate digital technologies, and facilitate investment. Unlike traditional free trade agreements, FIT-P has no legally binding obligations; members can choose which initiatives to join. The Auckland meeting produced three separate declarations on non-tariff barriers, digital trade facilitation, and economic resilience. The initiative reflects a growing trend among smaller economies to diversify trade partnerships and pursue agile, adaptable cooperation outside major power blocs.

1 reports · 1 sources · Updated Jul 27, 01:36 PM UTC

Florian Lipowitz, 25, captain of Red Bull-Bora-hansgrohe, crashed during the Tour de France individual time trial in Thonon-les-Bains on Tuesday, misjudging a turn and breaking his collarbone. He underwent successful surgery in Switzerland that evening and returned to Austria on Thursday. In his first public statement to ARD, Lipowitz said he is doing well given the circumstances and thanked fans for their overwhelming support. He admitted he is not following the Tour closely due to the emotional pain of his involuntary exit, but is pleased that teammate Remco Evenepoel finished second overall and won two stages. Lipowitz also revealed he is struggling with rib pain and breathing issues, and looks forward to returning to cycling pain-free, though a timeline remains uncertain.

1 reports · 1 sources · Updated Jul 26, 04:18 PM UTC

Sevilla FC's Swiss internationals Rubén Vargas and Djibril Sow will join the team's training camp in the Netherlands after finishing their post-World Cup vacations. Switzerland was eliminated in the quarterfinals by Argentina. Vargas, whose market value has risen to €15 million after a strong World Cup, has attracted Premier League interest and Sevilla hopes to earn around €20 million for him. Sow, valued at €7.5 million, has also drawn inquiries but no formal offers have been made. The squad will train in the Netherlands from July 30 to August 7, playing friendlies against NEC Nijmegen, Utrecht, and Bayer Leverkusen. Sevilla's preseason continues with a friendly against Ceuta tonight.

1 reports · 1 sources · Updated Jul 26, 07:11 AM UTC

Sevilla FC players Rubén Vargas and Djibril Sow are set to join the team's preseason training camp in the Netherlands after their World Cup vacation ends. The Swiss internationals, who were eliminated in the quarterfinals by Argentina, will report for duty as the squad travels from July 30 to August 7. Vargas, whose market value has risen to €15 million after a strong World Cup, has attracted interest from Premier League clubs and may seek a move to play Champions League football. Sevilla hopes to earn around €20 million for the winger. Sow, valued at €7.5 million, has also drawn inquiries, though no formal offers have been made. The team plays friendlies against NEC Nijmegen, Utrecht, and Bayer Leverkusen during the camp.

1 reports · 1 sources · Updated Jul 26, 07:11 AM UTC

Sevilla FC's Swiss internationals Rubén Vargas and Djibril Sow will join the team's preseason training camp in the Netherlands after finishing their post-World Cup vacations. The squad, currently playing friendlies including a match against Ceuta, will be in camp from July 30 to August 7, playing three friendlies including against Bayer Leverkusen. Vargas, whose market value has risen to €15 million after a strong World Cup performance, is a high-profile transfer target with Sevilla seeking around €20 million. Sow, valued at €7.5 million, has also attracted interest, though no formal offers have been received. Both players are key to coach Luis García Plaza's plans but could generate capital gains for the club.

1 reports · 1 sources · Updated Jul 26, 07:11 AM UTC

Portuguese wheelchair racer Mamudo Baldé set a new world record in the T54 class 100 meters at the Portuguese Outdoor Championships in Lisbon, clocking 13.49 seconds. The 21-year-old athlete from Academia João Correia shaved five seconds off the previous record held by Thailand's Athiwat Paeng-Nuea, set in May in Switzerland. Baldé finished ahead of Rafael Neto (14.37 seconds) and Guilherme Alves (16.38 seconds). This achievement follows his fifth-place finish in the T54 100 meters at the Paris 2024 Olympics and a bronze medal at the 2025 World Para Athletics Championships in New Delhi.

1 reports · 1 sources · Updated Jul 25, 11:09 PM UTC

Swiss apparel company Calida Group has sold its luxury lingerie brand Cosabella to Crown Brands Group, a New York-based brand management and private equity firm, in a deal closed on July 23, 2026. The sale includes the Cosabella trademark, intellectual property rights, and inventory, though financial terms were not disclosed. Calida acquired Cosabella for $80 million in 2022 but struggled to reverse sales declines despite a major restructuring in 2024. In the first half of 2026, Cosabella's net sales dropped approximately 37% to 4.3 million Swiss francs (about $5.25 million), accounting for just 4.6% of group revenue. Calida Group's overall net sales fell nearly 8% year over year, with net income down roughly 12%. The divestiture is part of Calida's multi-year strategy to simplify its portfolio and focus on core brands Calida and Aubade. CEO Thomas Stöcklin stated the sale creates operational and financial flexibility to strengthen the premium segment positioning.

1 reports · 1 sources · Updated Jul 25, 07:13 PM UTC

Switzerland-based Calida Group has sold its luxury lingerie brand Cosabella to New York-based Crown Brands Group, closing the deal on July 23, 2026. The sale includes the Cosabella trademark, intellectual property rights, and inventory, though financial terms were not disclosed. Calida acquired Cosabella for $80 million in 2022 but struggled to reverse sales declines despite a 2024 restructuring. Cosabella's net sales dropped approximately 37% to 4.3 million Swiss francs ($5.25 million), accounting for just 4.6% of group revenue. Calida Group's half-year 2026 report showed net sales fell nearly 8% and net income declined roughly 12%, citing weaker consumer confidence, economic uncertainty, and price sensitivity in European markets. The sale is part of Calida's multi-year strategy to simplify its portfolio and focus on core brands Calida and Aubade. CEO Thomas Stöcklin stated the transaction creates operational and financial flexibility for strategic development.

1 reports · 1 sources · Updated Jul 25, 07:13 PM UTC