Banking & Fintech

NGOs fear patenting of rice genome

This content was published on Jan 26, 2001 The Swiss aid organisation, the Declaration of Berne, said although the Basel-based company had made the breakthrough, it would be wrong to claim ownership of the genome. A genome contains the basic information that makes up living organisms, encoded in chromosomes made up of double-stranded chains of DNA (deoxyribonucleic acid). “We believe the rice genome,…

Leading Swiss indicator points to economic slowdown

This content was published on Jan 26, 2001 The main Swiss indicator dropped sharply to 0.86 in December from a downwardly revised 0.94 in November. December’s indicator is the first to drop below 1.0 since October 1999. An economist with the Institute said the drop below 1.0 indicated average growth for the economy. He said the indicator vindicated the Swiss National Bank’s decision…

Business outlook

This content was published on Jan 26, 2001 The Federal Statistics Office is due to release the consumer price index for January at the end of the week, and analysts will be keen to see if inflation picks-up in line with the improved performance of the economy. Any increase in inflation could encourage the Swiss National Bank (SNB) to move interest rates higher,…

The business week in Switzerland

This content was published on Jan 26, 2001 The company had been trying to improve its market position in recent years with a series of alliances with other airlines, and by acquiring stakes in carriers such as Belgium’s Sabena and Tap-Air Portugal. But, on Tuesday, SAirGroup announced that the buying spree was over and that the company would now concentrate on improving its…

Swiss President speaks out against inequality at Davos

This content was published on Jan 26, 2001 In his speech to delegates gathered in the eastern ski resort, Leuenberger outlined the opportunities and risks of globalisation and said the World Economic Forum had become the symbol of a single global civilisation. He said the Forum brought together people from all continents; not just managers and politicians but environmentalists, human rights activists and…

Messages pour in for world leaders in Davos

This content was published on Jan 26, 2001 The project, launched on Thursday to mark the start of the summit, allows anyone with Internet access or a mobile phone to send a message or question to the world’s political and business elite. It’s the first time the general public has had the chance to tell political and business leaders what they are doing…

Forbo expects record profits

This content was published on Jan 26, 2001 In a statement from its headquarters in Eglisau, canton Zurich, Forbo said sales, excluding divestments, rose by four per cent to SFr1.598 billion ($960,000 million). It added that the company was expecting group profits to rise to some SFr90 million, corresponding with five per cent of sales. In 2000, turnover from floorings was just over…

UBS completes equity funding in PaineWebber purchase

This content was published on Jan 26, 2001 A statement from UBS on Friday said there was no further requirement to issue shares, adding that the integration of PaineWebber had proceeded very smoothly and was now essentially complete. Final IT and operational changes are to be implemented in early February. UBS chose to make an initial issuance of 12 million new ordinary shares…

Exhibition explores pros and cons of music in the digital age

This content was published on Jan 26, 2001 Visitors who believe that music should be on a compact disc or cassette, and purchased from a record shop, will be in for a rude awakening. The exhibition, “Music in the Digital Age”, demonstrates how new technology is transforming the way we make, record, disseminate and listen to music. “The main point we want to…

Swiss “dotcoms” face a leaner future

This content was published on Jan 26, 2001 Technophobes could have been forgiven for a little quiet gloating as precocious dotcoms crashed and burned last year. The most spectacular failures were in the United States, but Swiss firms, too, experienced their share of grief. The most high profile casualty was the hi-tech firm, Miracle, which folded after its creditors refused to allocate second-round…

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NGOs fear patenting of rice genome

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Leading Swiss indicator points to economic slowdown

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Business outlook

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The business week in Switzerland

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Swiss President speaks out against inequality at Davos

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Messages pour in for world leaders in Davos

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Forbo expects record profits

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UBS completes equity funding in PaineWebber purchase

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Exhibition explores pros and cons of music in the digital age

More

Swiss “dotcoms” face a leaner future

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