Cluster: Archive

Swisscom boosts profit – no acquisition yet

This content was published on Aug 20, 2003 Swisscom, which is majority owned by the Swiss confederation, had net revenue of SFr7,154 billion or 0.4 per cent higher than during the comparable period last year. A statement on Wednesday from the company’s headquarters in Bern said that declining revenue in Switzerland had been offset by revenue growth with lower margins at its German…

Nestlé profit tumbles by half

This content was published on Aug 20, 2003 A statement from the company’s headquarters in Vevey said net income was SFr2.78 billion ($2 billion), down from SFr5.656 billion a year ago. However, Nestlé commented that last year’s figure had been boosted by non-trading items including the partial stock offering of its Alcon eye care unit. It pointed out that underlying earnings were up…

Kuoni hit by Iraq war and Sars

This content was published on Aug 19, 2003 Switzerland’s largest tour operator said in a statement on Tuesday that turnover was down by 16.9 per cent over the comparable period last year to SFr1.378 billion. However, the net result was better than that of the first half of 2002 when the company made a loss of SFr47.5 million. Kuoni said that while results…

Swiss reports SFr333 million first-half loss

This content was published on Aug 19, 2003 The figures confirm that the carrier is battling to survive after some of the toughest months ever for the commercial airline business. Battered by falling passenger numbers, the war in Iraq, the Sars outbreak, competition from low-cost carriers and the economic downturn, Swiss also suffered because of its cumbersome business structure. The airline’s management is…

Swiss charity sounds alarm in Occupied Territories

This content was published on Aug 18, 2003 Terre des Hommes works with mothers and children in a region where half of the inhabitants are dependent on food aid, and a fifth of children are malnourished. “Five years ago who would have thought that a humanitarian appeal for Palestine would be necessary?” said Michael Keating, the United Nations coordinator for the Palestine territories,…

Swiss feel secure at home

This content was published on Aug 18, 2003 But the results of a survey also show that the Swiss have become more concerned about personal safety since the September 11 attacks. The annual study by the Centre of Security Studies at the Federal Institute of Technology in Zurich assesses the population’s security concerns. Over 80 per cent of participants in the survey characterised…

ABB Oil, Gas and Petrochemicals sale “close”

This content was published on Aug 18, 2003 Shares in ABB rose on Monday amid media reports that the crucial sale would help raise around $1 billion (SFr1.38 billion) for debt reduction. Sources close to the deal told the Reuters news agency on Friday that a consortium of buyers could sign off on the sale this week. They include JP Morgan Partners and…

Valley of Light shines as model of sustainability

This content was published on Aug 18, 2003 The communities in Val Lumnezia are among several Swiss villages committed to implementing the treaty designed to protect the Alps. There are about a dozen villages and hamlets in canton Graubünden’s Val Lumnezia, or Valley of Light, one of many side valleys leading south from the Upper Rhine. Besides plenty of sunshine, the valley has…

Swiss at the core of European fusion

This content was published on Aug 18, 2003 Fusion energy from the Sun has warmed the Earth for billions of years, and scientists believe they can reproduce the same mechanisms to generate electricity. In October Saigon-born Minh Quang Tran will take over at the European Fusion Development Agreement (EFDA), of which Switzerland is a partner. The agency is overseeing European contributions to a…

Chocolate maker that keeps its name under wraps

This content was published on Aug 16, 2003 But one Bern company, Gysi, has been doing just that for decades, creating and developing a niche in the market by selling to some prestigious customers. The clients then feature their own name prominently on Gysi products. “In England, for example, we sell to Harrods of Knightsbridge where we have a counter in the food…

Cluster: Archive

Popular Stories

Most Discussed

Cluster: Archive

More

Swisscom boosts profit – no acquisition yet

More

Nestlé profit tumbles by half

More

Kuoni hit by Iraq war and Sars

More

Swiss reports SFr333 million first-half loss

More

Swiss charity sounds alarm in Occupied Territories

More

Swiss feel secure at home

More

ABB Oil, Gas and Petrochemicals sale “close”

More

Valley of Light shines as model of sustainability

More

Swiss at the core of European fusion

More

Chocolate maker that keeps its name under wraps

Popular Stories

Most Discussed