Luxury watchmakers are going back to basics with classic designs, as industry players at the world's biggest watch fair in Switzerland warned Wednesday that the "years of extravagance" were over. While the industry is reporting a glimmer of recovery, watchmakers gathering in the Swiss city of Basel also noted that recovery was fragile and that the mood among consumers ...

TUNIS (Reuters) - A top Libyan official on Wednesday welcomed as a "step forward" a call by Swiss officials for damages to be paid to a son of Libyan leader Muammar Gaddafi who was arrested in Geneva in 2008. Relations between Libya and Switzerland broke down after Hannibal Gaddafi and his wife were held briefly on charges, later dropped, of abusing ...

Navigation device maker Garmin Ltd. said Wednesday that it will shift the location of its incorporation from the Cayman Islands to Switzerland. The board approved the move and the company will ask shareholders to vote in favor of the proposed change on May 20. Garmin follows a number of ...