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European Film Awards and Political Turmoil Highlight December 6 News Roundup
Romania's presidential election has been annulled by the highest court due to alleged Russian interference, necessitating a repeat election. In Syria, Islamist forces are advancing towards Homs, threatening the Assad regime's coastal access. Meanwhile, ETH Zurich will triple tuition fees for foreign students starting in fall 2025, and the Swiss Alpine Club faces a CHF 1.7 million deficit from the 2023 Climbing World Championships.
tenants and landlords clash as housing crisis deepens in switzerland
In Switzerland, tensions between landlords and tenants have escalated, highlighted by a recent vote that rejected proposals favoring landlords. The Tenants’ Association (Asloca) is pushing for more affordable housing, while the Homeowners’ Association (HEV) argues against restrictive regulations. With nearly 60% of households renting, the ongoing conflict hampers necessary reforms in tenancy laws, leaving both sides dissatisfied.
finma demands urgent revisions to ubs crisis management and restructuring plans
FINMA has not approved UBS's emergency plan, citing the need for adjustments following the integration of Credit Suisse. While UBS has sufficient funds to cover losses, the authority demands more flexibility in crisis planning, allowing for the potential sale or bankruptcy of individual business areas. Experts emphasize the necessity for legal certainty and international cooperation among central banks to effectively manage future restructuring and financial stability.
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