Banking & Fintech

Switzerland satisfied with outcome of WTO talks

This content was published on Nov 15, 2001 The accord, which was struck on Wednesday following six days of gruelling negotiations, includes an agreement on the contentious issue of access to medicines. It comes two years after differences between developing and rich nations led to the failure of a similar attempt in Seattle. The accord, which was struck on Wednesday following six days…

Rapperswil mourn crash victims

This content was published on Nov 15, 2001 The two boys, aged 12 and 13, died on the way back from a match in Davos when their minibus collided with a road barrier and overturned. The driver of the minibus said he had lost control of the vehicle after a car pulled out suddenly in front of him. Four other people, including the…

Swiss to build new “tilting” trains — without Germany

This content was published on Nov 15, 2001 The trains had been destined for use in Switzerland, Germany and Austria. Tenders to supply the trains went out in March, as part of plans by the three countries to strengthen cooperation. The trains would be capable of speeds of between 200 and 230 kilometres per hour, depending on the distance travelled. Trains that tilt…

The search for cleaner vehicles

This content was published on Nov 15, 2001 “Design work on an electric motor began immediately after the oil crisis of the 1970s,” explains René Jeanneret, a retired teacher and pioneer of solar-powered vehicles. “We were commissioned by a manufacturing company to carry out research on a vehicle that would not be dependent on fossil fuels.” In the 1980s, the school first ventured…

Swiss Re raises cash

This content was published on Nov 15, 2001 The company, the world’s second largest reinsurance concern, said in a statement on Thursday that it had raised the cash by selling convertible bonds and shares. It sold 23.1 million shares to new and existing investors at SFr165.75 each, Wednesday’s closing price, as well as $1 billion worth of subordinated convertible bonds to money managers.…

Board recommends naming national airline Crossair

This content was published on Nov 15, 2001 The board made its recommendations in the invitation published in Swiss newspapers on Thursday to the company’s extraordinary shareholders’ meeting in Basel on December 6. The agenda indicates that shareholders are being asked to accept the name “Crossair Ltd” for the company. Taking into account the new dimension of the airline, to be built around…

Langenthal porcelain company goes bust

This content was published on Nov 14, 2001 Management at the company said its financial partners had lost confidence in the firm despite a turnaround in its fortunes. The firm, founded in 1906, had embarked on a major restructuring programme this year which reaped a positive cash flow. However, the cost of the reorganisation eroded the group’s reserves. The economic downturn had also…

Health workers take to the streets

This content was published on Nov 14, 2001 The protests organised by trade unions include sit-ins lasting 15 minutes, at hospitals and in private homes, a demonstration at the Federal Parliament in the capital, Bern, and protests in other cities and towns. The protesters hope to pressure politicians and employers into improving working conditions in the health care sector. Their demands include higher…

ABB shakes up research and development to cut 135 jobs

This content was published on Nov 14, 2001 The shake-up will see 135 job cuts as part of a previously announced wider restructuring plan. Under the plan, group research and development will be concentrated on four laboratories, each with a clear client industry focus. Some long-running research projects will be scrapped. ABB’s chief technology officer, Markus Bayegan, said the plan was drawn up…

Women and foreigners still earn less

This content was published on Nov 14, 2001 With the same qualifications, female employees earn 21 per cent less than their male colleagues. “Women are systematically paid less,” said Carlo Malaguerra, head of the statistics office. Foreigners can also expect their pay packets to be 15 per cent lower than for Swiss workers, with an average salary of SFr4,643 ($2,750) per month. The…

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Banking & Fintech

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Switzerland satisfied with outcome of WTO talks

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Rapperswil mourn crash victims

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Swiss to build new “tilting” trains — without Germany

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The search for cleaner vehicles

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Swiss Re raises cash

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Board recommends naming national airline Crossair

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Langenthal porcelain company goes bust

More

Health workers take to the streets

More

ABB shakes up research and development to cut 135 jobs

More

Women and foreigners still earn less

Popular Stories

Most Discussed