Mark Branson, a British-born former UBS AG executive, was named chief executive officer of Switzerland’s financial regulator, the first foreigner to assume the role in at least four decades.
Switzerland’s decision to limit immigration will hurt economic growth, according to economists who cover the country.
Frida Sommer says her vote to curb immigration into Switzerland wasn’t driven by xenophobia.
Switzerland voted in favor of new immigration curbs, risking a backlash from the European Union and thwarting the ability of companies to hire top talent abroad.
The Swiss government faces enacting immigration curbs that threaten to upset ties to the European Union and hurt the economy following a popular vote yesterday demanding limits on foreign workers.
More than one in five workers in Switzerland are foreigners. That could soon change.
The Swiss People’s Party is likely to gain the most votes in this month’s general elections, followed by the Social Democrats, the Gfs.Bern polling institute reported, citing a survey.
The Swiss vote today on whether to restrict immigration, a step the government warns could undermine the economy.
The right-wing Swiss People’s Party is isolated in its calls for the resignation of Swiss central bank chief Philipp Hildebrand over currency-trading allegations, the Wall Street Journal reported.
Swiss voters were divided on whether to approve an upper limit on immigration with the result still too close to call, according to an initial projection.