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Queen Elizabeth cancels public events as knee mends

Queen Elizabeth II

LONDON, (AFP) - Britain's Queen Elizabeth II has cancelled two public engagements at the end of this month as she recovers from a knee operation, Buckingham Palace announced.

She had been due to attend a church service at Chelmsford Cathedral on January 31 to commemorate the 50th anniversary of catastrophic floods in the east of England, and a lunch afterwards.

The service would have involved large amounts of standing and walking at a time when the Queen, 76, is supposed to be resting from surgery to her cartilage, Court sources said.

Swiss bankers threaten referendum on savings tax

BERN, (AFP) - Swiss private bankers have threatened to call a referendum on the controversial issue of savings taxation, currently the subject of negotiation between Switzerland and the European Union.

Pierre Mirabaud, of the Mirabaud and Cie private bank, said: "The people must be able to decide by a referendum."

He was speaking during a news conference in the Swiss capital organised by the Swiss Private Bankers' Association.

Switzerland has been holding talks with the 15-nation bloc on the taxation of savings as part of a new raft of bilateral deals.

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