The Swiss Council of States has voted to introduce stricter capital requirements for UBS, specifically mandating that the bank must back its foreign subsidiaries with 90% hard equity. This decision comes after considerable debate and strong opposition from UBS CEO Sergio Ermotti, who has made last-minute efforts to influence the outcome.

Neue Zürcher Zeitung: Parliament Decides: UBS Must Underlie Foreign Subsidiaries with 90% Hard Equity

The Swiss Council of States votes for stricter capital rules for UBS, a move the major bank had vehemently opposed.

Blick: Stricter Bank Rules for UBS

Swiss councilors are showing toughness regarding bank regulations, impacting UBS. This story is about Swiss domestic politics and economics.

Le Temps: Swiss Senate Demands UBS Cover 90% of Foreign Subsidiaries' Capital

The Swiss Senate has voted to require UBS to cover 90% of its foreign subsidiaries' capital, a slightly less stringent requirement than the 100% proposed by the Federal Council.

Neue Zürcher Zeitung: The First Showdown in the UBS Capital Question: Why AT1 Bonds Could Torpedo…

Today, the Council of States votes on the UBS capital question, and everyone is now talking about AT1 bonds.

Neue Zürcher Zeitung: Interview: 'The UBS Will Not Emerge Unscathed,' Says UBS CEO Sergio Ermotti…

UBS CEO Sergio Ermotti speaks about the upcoming showdown in Bern regarding capital requirements.

20 Minuten: Senate agrees to 90% equity for UBS 'Lex UBS' bill

The Swiss Senate has reached an agreement on the 'Lex UBS' bill, setting the equity requirement at 90 percent, a move that could be significant for the bank's future.

Le Temps: UBS CEO's Final Pressure Tactic Before Crucial 'Lex UBS' Vote

Ahead of a critical vote in the Senate on the 'Lex UBS' law, UBS CEO Sergio Ermotti is making a last-ditch effort to influence the outcome.

Swiss authorities are struggling to cope with a new and disturbing form of online crime where nihilistic networks are reportedly pressuring girls into self-harm and suicide. At least 20 cases of these 'sadistic groups' have been reported across the country, overwhelming current resources.

Tages-Anzeiger: New Form of Online Crime: 20 Cases in Switzerland, Sadistic Groups Urge Girls…

Nihilistic online networks are spreading in Switzerland, with at least 20 cases reported where 'sadistic groups' pressure girls into self-harm and suicide, overwhelming authorities.

Tages-Anzeiger: Podcast 'Apropos': What Lies Behind Nihilistic Violent Extremism?

The daily podcast 'Apropos' explores the phenomenon of nihilistic violent extremism, with a guest stating, 'We have never seen anything so terrible.'

Switzerland is experiencing a record drought, with critically low water levels in its rivers and lakes. Current high-pressure weather systems are expected to worsen the situation through the end of September, with no immediate relief from rain in sight.

Tages-Anzeiger: Record Drought in Switzerland: Lake Levels Hit New Lows, No Rain in Sight

Switzerland is experiencing record drought with critically low water levels in rivers and lakes, and current high-pressure weather is expected to exacerbate the problem until the end of September.

Allegations of deception have emerged against Armasuisse concerning its handling of the F-35 fighter jet purchase. A report details alleged biases and falsehoods used to mislead the public, while the Defense Ministry also approved significant contracts to a law firm advising on related issues.

Le Temps: Armasuisse Accused of Deception Regarding F-35 Fighter Jet Purchase

A report details alleged biases and falsehoods used by Armasuisse to mislead the Swiss public regarding the procurement of the F-35 fighter jet.

Tages-Anzeiger: F-35 Scandal: Defense Ministry Awarded 1.16 Million to Law Firm

Shortly before her departure, Viola Amherd approved lucrative contracts worth around 1.2 million Swiss francs to the Homburger law firm, which is advising the government on the Ruag fraud scandal.

Due to increasing insurance premiums, Swiss citizens may be forced to reconsider their healthcare options, potentially leading to the end of the long-standing practice of free choice for doctors and hospitals.

Blick: Free Doctor and Hospital Choice May End

Due to rising insurance premiums, Swiss citizens may be rethinking their healthcare choices, potentially leading to the end of free doctor and hospital selection.

The Green party is advocating for the Swiss parliament to declare the latest SVP asylum initiative invalid, arguing that it should not proceed to a public vote due to its aim of drastically restricting the right to asylum.

Tages-Anzeiger: Greens Want to Stop SVP Border Protection Initiative

The Green party is calling for the Swiss parliament to declare the latest SVP asylum initiative invalid, arguing that it should not be put to a public vote due to its intent to drastically limit the right to asylum.

Despite the calendar indicating late summer, Switzerland is experiencing persistent warm weather, with temperatures expected to reach up to 28 degrees Celsius over the weekend, delaying the onset of autumn.

20 Minuten: Summer feeling in the weekend – "Autumn must wait"

Despite it being late summer, the weekend is expected to be warm, with autumn weather not arriving anytime soon.

Blick: Summer Continues: No Autumn in Sight

Despite the calendar suggesting autumn, summer weather is persisting in Switzerland, with temperatures reaching up to 27 degrees Celsius.

Several new criminal cases have seen developments, including the indictment of three men in Bern following the discovery of semen traces by sniffer dogs in a sexual offense case, and an indictment for attempted murder in Brittnau AG after a man allegedly stabbed his ex-girlfriend.

20 Minuten: Sexual offense in Bern: Sniffer dogs found semen traces, three men indicted

Following a sexual offense in Bern, sniffer dogs have reportedly found semen traces, leading to the indictment of three men.

20 Minuten: Brittnau AG: Man stabbed ex-girlfriend, indicted for attempted murder

In Brittnau AG, a man has been indicted for attempted murder after allegedly stabbing his ex-girlfriend.

In an exclusive interview, Murat Yakin, manager of the Switzerland national team, has spoken out in defense of Granit Xhaka, stating that the footballer prioritizes the team's well-being.

Blick: Yakin: Granit Acts for the Team

In an exclusive interview, Murat Yakin discusses Granit's actions, stating he prioritizes the team's well-being.