Tag Archives: Switzerland

Monaco $400 Million Penthouse Secrecy Booms: Real Estate

Monaco, the tax haven on the French Riviera, is experiencing a luxury-housing boom that includes the world’s most expensive penthouse as developers prepare for an influx of millionaires and billionaires escaping higher taxes or a loss of banking privacy.

A “flow” of new residents is emigrating from Switzerland, where financial-secrecy laws are crumbling, said Jean Claude Caputo, managing director of brokerSavills Plc’s French Riviera unit. They’re drawn by the principality’s “security, sophistication and climate,” he said — as well as for financial reasons. The Swiss government signed an accord in May to automatically share bank data across borders.

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Almost 2,000 avalanche deaths in Switzerland since 1936

While the number of victims of avalanches in controlled areas has declined significantly over the past 80 years, that in open areas has stayed roughly the same even though more people are now venturing off-piste, says the Institute for Snow and Avalanche Research (SLF).

Nearly 2,000 people have lost their lives in almost 1,000 avalanches in the Swiss Alps and the Jura region since 1936, the Davos-based institute said on Tuesday.

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FRANZ BECKENBAUER INVESTIGATED OVER WORLD CUP CORRUPTION

The Swiss Attorney General is looking into embezzlement and money laundering.

Former German goalkeeper Franz Beckenbauer is being investigated by the Swiss Attorney General on suspicion of embezzlement and money laundering, according to reports.

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Material Inspiration: 10 Projects Inspired by Wood

To celebrate the launch of ArchDaily Materials, our new product catalog, we’ve rounded up 10 awesome projects from around the world that were inspired by one material: wood. Check out the projects after the break…

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Switzerland, the land of mountain railways

The Niesenbahn funicular, canton Bern; the Kleinseilbahn in Engelbergertal, canton Obwalden
The Niesenbahn funicular, canton Bern; the Kleinseilbahn in Engelbergertal, canton Obwalden

They transport visitors to the Jungfraujoch (the “Top of Europe”), to the Gornergrat ridge and its view of the Matterhorn, and from the River Aare in Bern up to the parliament building.

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Switzerland Has Started Testing Mail Delivery Drones

Postal Delivery Drone

The Swiss postal system, in collaboration with California-based drone delivery company Matternet, announced this week that they’re testing a new package delivery service that uses drones as couriers.

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Cocaine Haul Found in 91-Year-Old Vatican Librarian’s Car

Argentinean Cardinal Jorge Maria Mejia (R) looks at Pope John Paul II during his weekly general audience in St Peter's square at the Vatican 08 October 2003

An official Vatican car with diplomatic licence plates has been found riddled with several kilos of cocaine and cannabis in the French Alps, according to local reports. 

The car belongs to an Argentine cardinal, 91-year-old Jorge Maria Mejia, who is also emeritus librarian at the Holy See. Mejia retired in 2003 and is confined to bed following an heart attack. Pope Francis visited Mejia just two days after being elected. 

According to French newspaper Le Monde, the cardinal’s personal secretary entrusted two Italian men, aged 31 and 41, with taking the car for its annual checkup.

They drove the vehicle to Spain to buy four kilos of cocaine and 200 grams of cannabis and returned to France, according to reports, in the belief that the diplomatic plates would protect them. 

But in Chambery, near the border with Switzerland and Italy, the two were stopped by customs officers for a routine check. After the bizarre discovery, they were arrested and taken into custody. Judicial police in Lyon have opened an investigation for drug trafficking.

The Vatican confirmed the car had been stopped in France with the drugs on board. Since neither of the men had Vatican diplomatic passports, the Vatican is not legally implicated, French sources say.

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