Word: switzerland
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Dates: during 2000-2009
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Caballero, who has expanded into 16 countries, says he does not operate "exclusively in dangerous places" but admits that "they don't need us in Switzerland." As crime rises in many cities, so do his profits: his company sold $9 million in 2007 and matched that figure in just the first seven months of this year. The prestige of wearing Caballero-secured clothing has grown too, drawing high-profile clients like King Abdullah of Jordan, Venezuelan President Hugo Chávez and actor Stephen Segal. But be warned: in this élite circle of the secure and stylish, there...
...East expert at the Center for Security Studies in Zurich. "Obviously, that is not a democracy." As for the threat of an oil embargo, "I am skeptical that the Libyans would carry it out," says Rolf Hartl, managing director of Swiss Oil Association, noting that Libya delivers 49% of Switzerland's supply of crude oil and owns one of the country's two refineries; those business ventures yield annual revenue of between $2 and $3 billion. "I believe they will calm down eventually, come to their senses and see what's at stake. Cutting off our oil supply would...
...since Napoleon's army occupied the country in 1798 has Switzerland had so much trouble from a foreign power...
...bluffing. Within days, as throngs rioted in front of Switzerland's embassy in Tripoli, the Libyan government shut down local subsidiaries of Swiss companies Nestlé and ABB, arrested two Swiss citizens, canceled most flights to Switzerland, and, on Thursday afternoon, announced that all Swiss-bound oil exports will be stopped until charges against the Gaddafis are dropped and the Swiss offer their apologies...
...experts agree on one point: should Libya definitely halt its oil delivery, Switzerland's supply will not suffer, and the price per gallon will not increase. Hartl says the country has sufficient reserves to last four and a half months - "enough time to find other sources, such as African and central Asian countries." Meanwhile, a hastily arranged Swiss delegation headed by Foreign Affairs Minister Micheline Calmy-Rey was dispatched to Tripoli yesterday to keep the crisis from escalating further. Given the ire in Libya, that might be one of the toughest tests of diplomacy the normally unctuous Swiss have ever...