Swiss voters rejected a third proposal in two decades to end the draft in a referendum, opting to keep the military tradition which critics say costs an annual 4 billion francs ($4.4 billion) in lost work days.
The Swiss parliament will probably pass a bill allowing banks to resolve a tax-evasion dispute with the U.S., dropping opposition for fear of leaving the country’s 300 institutions to a worse fate, according to academics including Peter V. Kunz of the University of Bern.
It took Philipp Freimann just a few seconds to know he didn’t want apartment blocks built on his farmland in Zug, Switzerland’s richest canton, a decision that meant he would give up at least 30 million francs ($32 million).
The Swiss People’s Party lost ground in parliamentary elections as voters boosted the share for smaller parties that campaigned for renewable energy and measures to support an economy hurt by a strong currency.
Switzerland’s parliament confirmed all current government members and elected Alain Berset from the Social Democrats to join the coalition, snubbing efforts by the Swiss People’s Party to win a second seat.
Four years after Credit Suisse Group AG signed a deal with sporting icon Roger Federer, UBS AG is renewing its backing for 230-pound Swiss farmers and butchers who wrestle in Alpine pastures to win prize cows.