Wednesday, March 29
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News

Explosion and Fire

Police reported on Thursday that four bodies were discovered in the remains of a residential home in western Switzerland, which had been destroyed in an explosion and fire, local sources say. Emergency services were informed of a blast in a detached house situated in the lakeside town of Yverdon-les-Bains in…

According to a media source, a prisoner in Switzerland apparently took his own life with the help of a suicide organization, making it the first such case in the state. The report did not give the man’s name, but it did say that the Exit organization assisted in his suicide on February 28. A prisoner has reportedly used an assisted suicide organization for the first time in Switzerland to take…

About $3.5 billion Afghanistan fund which US Treasury seized from central bank in a show of disapproval for the new Taliban government is lying in limbo in Switzerland. The US seized $7 billion and half of the funds were immediately sent back to America and given to 9/11 victims’ families. “The other $3.5 billion, though, is locked up indefinitely in a Swiss investment fund to benefit the Afghan people.” According…

Russian manufacturing hit its highest level in six years in February, as domestic consumers picked up the slack from global sanctions. The S&P Global manufacturing purchasing managers index (PMI) for Russia rose to 53.6 in February, the highest level since January of 2017. This the tenth consecutive month of manufacturing expansion in Russia, and all of it is due to domestic consumers; foreign factory orders have dropped for 13 straight…

million in interest

The Afghan Trust Fund (ATF) established to manage the $3.5 billion Afghanistan assets in Switzerland has accrued $70 million in interest. Established on September 14th of 2022, the Afghan Trust Fund, as per Shah Mohammad Mehrabi, the Central Bank supreme council member and board member of the ATF in Switzerland, the $3.5 billion fund–include $36 million and $34 million in interest. At the board meeting, the Trust members took decisions to further operationalize the Afghan fund with a focus on…

Geneva is currently hosting talks

Swiss Foreign Minister Ignazio Cassis stated that Geneva is currently hosting talks on the situation in Ukraine. Without revealing much on the nature of the talks he said, “Geneva is hosting the talks with maximum discretion although they are currently not at the highest level.” Cassis further added that Ukraine had approached Switzerland to put forth its interests in Russia, which were refused by Russia. At the Munich Security Conference earlier this month, Cassis said that prospects for peace in…

The authorities in Austria and Switzerland have reported that 10 people have died in a series of snow avalanches in the Alps over Saturday and Sunday. Continued appeals for caution and the use of only marked ski trails are being made. The Austrian police reported fatal accidents, including in St. Anton am Arlberg area and the Hohe Aifner peak. The authorities have declared a fourth degree of avalanche danger. In total, the authorities in Austria and Switzerland reported ten fatalities…

England’s Women’s Six Nations team will be without the services of forward Poppy Cleall and centre Amber Reed in their upcoming match against Italy. The duo sustained knee injuries during England’s opening-round 58-7 win over Scotland and will be unavailable for selection. Poppy Cleall is a key player for England, having been named Women’s Six Nations Player of the Championship in 2020. She plays as a number eight and is known for her physicality, ball-carrying ability, and work rate. Her…

President Yoon Suk Yeol reaffirmed South Korea’s commitment to the nuclear Non-Proliferation Treaty (NPT). He said it would be realistic and rational to abide by the nuclear treaty. Yoon Suk Yeol interacted with the media on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland. Yoon said that he is committed to working closely with Washington against North Korea’s nuclear threats. Yoon was quoted as saying, “I can assure you that the Republic of Korea’s realistic and rational…

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