Swiss to tackle new EU treaty in 2017 amid right-wing resistance
Zurich
THE Swiss government plans to send Parliament next year a broad new treaty with the European Union to replace a patchwork of bilateral deals now under strain from immigration, it said on Tuesday, but it faces stiff right-wing resistance.
Swiss voters have long been leery of ceding too much power to the 28-nation bloc that surrounds the historically neutral Alpine country and buys most of its exports, and rising EU immigration has stoked fears for Swiss identity and sovereignty.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Thailand to appoint former energy executive Pichai as finance minister, sources say