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Italian blackout sparked by insufficient control

This content was published on Nov 25, 2003 The Swiss Federal Office of Energy (FOE) also said Swiss suppliers were slow to react to the Italian breakdown. The FOE on Tuesday admitted that the Italian power outage was triggered by the rupture of a power line at the Lukmanier pass in central Switzerland. But it said this had been the result of an…

Phonak turns a profit again

This content was published on Nov 25, 2003 Sales for the first six months reached a record level of SFr300 million, boosted by strong sales of new products and signs of market growth in some markets. This represented a 13 per cent increase over the March – September period last year. The news sent the share price rising by more than six per…

Joseph Spring returns to Switzerland

This content was published on Nov 24, 2003 But in November 1943 he and his two cousins were handed over to the Gestapo and transferred to Auschwitz. Now aged 76 and living in Australia, Spring recently returned to Switzerland for the publication of his biography, “The Return: Joseph Spring’s Story”, written by Swiss historian Stefan Keller. swissinfo caught up with Spring while he…

Faber predicts China’s rise as an economic centre

This content was published on Nov 23, 2003 Faber told swissinfo’s Robert Brookes that China in particular was set to drive the world economy. swissinfo: You’ve said that China will become the workshop of the world. It’s going to become an economic locomotive. Can you explain why? Marc Faber: It’s important to understand that some markets in China are already larger today than…

Future of computing goes online

This content was published on Nov 23, 2003 Cern’s Grid, which links computing resources in different countries, is designed to handle the huge amounts of data generated by the laboratory’s Large Hadron Collider. Scientists working at the physics centre realised that their new particle accelerator, which should enter service in 2007, would produce data equivalent to 20 million CDs. Storing the results from…

Dr Doom sees Asia’s star rising

This content was published on Nov 22, 2003 In an interview with swissinfo, he said Asia would likely be the engine of global growth, while Switzerland would stagnate. Faber, known affectionately as “Dr Doom” for swimming against the tide of conventional economic wisdom, gave his views on the state of the world economy and how it might develop at a presentation in Zurich…

China gears up to take on Western manufacturers

This content was published on Nov 21, 2003 But as more firms shift their focus to the East, fears have surfaced that Swiss jobs could be threatened. The danger is not that jobs will be exported to China, but that Chinese manufacturers could soon be competing with Swiss ones. Currently Swiss workers are relatively protected from Chinese competition, because the bulk of manufacturing…

Marseilles gears up for America’s Cup verdict

This content was published on Nov 21, 2003 The French port city of Marseilles is among the four contenders still in the running. On November 26, Marseilles will find out whether it has been chosen above Naples, Valencia and Lisbon to hold the 32nd America’s Cup. As the decision gets closer, the city has pulled out all the stops in a bid to…

Swiss VC bounces back after third quarter low

This content was published on Nov 21, 2003 But the fourth quarter is already showing a healthy upswing, according to Nick Blaydes of the venture capital advisory group at Ernst & Young in Zurich. According to Blaydes, it will “produce the strongest quarterly results of the year, thanks to large financing rounds” completed by the Genetics Company, Nemerix and esmertec. The Genetics Company…

No quick solution to Abacha millions

This content was published on Nov 20, 2003 But Switzerland has assured the Nigerian government that resolving the case is a very high priority. The Nigerian finance minister, Ngozi Okonjo Iweala, held talks in Bern with the Swiss justice minister Ruth Metzler, in the hope of speeding up the release of the money. Abacha is believed to have deposited over SFr800 million ($615…

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Italian blackout sparked by insufficient control

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Phonak turns a profit again

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Joseph Spring returns to Switzerland

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Faber predicts China’s rise as an economic centre

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Future of computing goes online

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Dr Doom sees Asia’s star rising

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China gears up to take on Western manufacturers

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Marseilles gears up for America’s Cup verdict

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Swiss VC bounces back after third quarter low

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No quick solution to Abacha millions

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