Fri, Dec 9th 2022
Alain Berset’s appointment to the Swiss presidency has been clouded by a lawsuit claiming Berset misled Swiss voters in 2021.
Switzerland’s parliament this week elected two, new members to its seven-person executive body to replace retiring Finance Minister Ueli Maurer (SPP) and Transport and Environment Minister Simonetta Sommaruga (SP). They will begin January 1, 2023. Albert Rösti (SPP) will take over Sommaruga’s position and Elisabeth Baume–Schneider (SP) will serve as the Justice Minister. Meanwhile, existing member Karin Keller-Sutter (FDP) will become the Finance Minister. The remaining four members will stay in their positions. Minister of the Interior Alain Berset (SP) will serve as Switzerland’s President in 2023. Swiss residents vote into office the 246 members of Parliament and then Parliament members choose, via secret ballot, the seven members of the executive body. The seven members take turns serving as President of the country. Read more.
Criminal charges filed against Switzerland’s future president
Bad headlines and falling stocks have plagued Switzerland’s second largest bank for more than a year.
Credit Suisse AG chief executive Ulrich Koerner on Thursday announced that it had raised a “milestone” 2.24 billion Swiss francs in hopes to get the bank back on its feet during the biggest financial crisis it has faced during its 166-year history. The bank is seeking to fundraise at least 4 billion Swiss francs. The capital injection “will allow us to further support our strategic priorities from a position of capital strength and create a simpler, more stable and more focused bank built around client needs, and generating value for shareholders,” Koerner said in a statement. Read more.
The World Cup 2022 has been shrouded in controversy since FIFA announced it would be held in Qatar years ago.
Switzerland’s promising 2022 football team got hammered this week in a 6-1 loss to Portugal. Local newspaper Tages-Anzeiger ran the headline “Dream over” while Le Temps called the match “The debacle of Doha.” Switzerland left the World Cup “slapped in the face by Portugal, who didn’t even have to show all their talent to do it” wrote Le Temps referring to Portugal’s decision to bench powerhouse Cristiano Ronaldo most of the match. “We’re very disappointed. We were shown our limits tonight,” said Swiss midfielder Xherdan Shaqiri. Switzerland has been unable to advance to final eight teams since the 1954 World Cup; fans were hopeful that 2022 would be their year. Read more.
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