Voices in the Swiss watch industry are calling for a new '100% Swiss made' label to distinguish fully home-produced timepieces from those partly manufactured in Asia
Under current law, a watch can carry the 'Swiss made' stamp with just 60% Swiss value added.
Some makers producing 95% locally reportedly refuse the label altogether.
The Federation of the Swiss Watch Industry doubts a stricter label is workable, calling the 60% threshold a hard-won political compromise.
Valais scam alert
Valais police say a fresh wave of phone scams has cost residents nearly CHF 150,000 in the past week alone
Geneva job losses concern
Job cuts at the UN's Geneva-based health and food agencies will weaken food safety worldwide according to report
Parental law change soon
Geneva's 24-week parental leave is finally on track after the National Council cleared the last federal obstacle on yesterday
House price risk
Zurich now carries the highest housing-bubble risk of any city in the world, according to UBS's Global Real Estate Bubble Index
New hearings for Crans Montana fire case
Prosecutors in the Crans-Montana fire case have scheduled four fresh hearings before the end of the year — and could add more
ICRC neutrality important
The head of the International Committee of the Red Cross says Switzerland and the Geneva-based humanitarian body should keep their neutralities distinct
