Bad news for Roger Federer as shares in Swiss sportswear company On fell sharply on Tuesday - meaning he’s no longer a billionaire.
The company reported second-quarter sales of CHF 850m, up 13% but below market expectations, sending its shares down around 19%.
Federer owns roughly 2.5% of the company. Reports suggest the fall wiped between 40 and 65 million francs from his fortune — pushing the tennis legend below billionaire status.
Switzerland watches spectacular solar eclipse
Switzerland watched a rare partial solar eclipse on Wednesday evening, with the Moon covering more than 92% of the Sun above Geneva and Lausanne at its peak.
Man dies at Bains des Paquis
A man in his fifties has died after being found unconscious in the water at Geneva’s Bains des Pâquis earlier this week.
Another glacier lost due to heat
Valais has lost another glacier, with successive heatwaves and long-term warming reducing the Bella Tola to a few dwindling patches of snow.
AI skills will pay more
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Schools return amid heat wave
Vaud, Neuchâtel, Geneva and Jura pupils return to school on Monday — straight into Switzerland's fourth heatwave of the summer.
Swiss sea link cut-off
Switzerland's main waterway link to the sea is barely navigable, with the Rhine so low near the German town of Kaub that the river is almost splitting in two.
