Cluster: Archive

Helvetia Patria joins the loss-making list

This content was published on Apr 4, 2003 The group, based in St Gallen, reported the first loss in its history for 2002 – plunging into the red to the tune of SFr362 million ($261.66 million). It blamed impairment charges on depressed equity values and losses in its Swiss business for the poor result. It comes a day after the Baloise company –…

Swiss nuclear stations certified terrorism-proof

This content was published on Apr 3, 2003 A sweeping review of the country’s four nuclear sites, launched after the attacks of September 11, says the risk of radioactive contamination following a plane crash is minimal. The Federal Nuclear Inspectorate, which conducted the study, ranked Switzerland’s power plants among the safest in the world. “The findings were very positive,” Ulrich Schmocker, the Inspectorate’s…

FAMARA: Toubab Man

This content was published on Apr 3, 2003

Baloise makes record loss

This content was published on Apr 3, 2003 It blamed weak markets for the loss, which came in at the high end of expectations. In 2001 the top five insurer made a net profit of SFr404 million. Baloise had warned in January that it would make a loss of SFr550-650 million due to the global financial crisis, foreign exchange losses and charges for…

Taste for luxury chocolate keeps Lindt profits sweet

This content was published on Apr 1, 2003 The company, based at Kilchberg near Zurich reported a 2002 net profit of SFr101.9 million ($75.22 million), up 11.4 per cent over the previous year. The result was achieved against a background of what chairman and CEO Ernst Tanner termed “the most challenging 12 months in recent decades”. At the annual results conference on Tuesday,…

Alpine giant powers Swiss households

This content was published on Apr 1, 2003 Completed in 1965, its facilities in canton Valais provide 12 per cent of Switzerland’s stored hydroelectric power. Construction of the Grande Dixence project – which includes four dams, three power plants and over 100 kilometres of tunnels – began in 1950 and was one of the major engineering feats of the post-war period. The complex’s…

Lifting the veil on the central bankers’ bank

This content was published on Apr 1, 2003 The BIS’s outgoing general manager, Andrew Crockett, gave swissinfo’s Robert Brookes an insight into the oldest international financial institution, established in 1930. Crockett stepped down on Monday after being in the post since 1994. A former staff member of the International Monetary Fund and a former executive director of the Bank of England, Crockett is…

Switzerland calls for more transparency on GM food

This content was published on Mar 31, 2003 On Monday, the Ethics Committee on Non-human Gene Technology argued that the current labelling on food was misleading. The committee, which was appointed to advise the Swiss government on non-human biotechnology and gene technology, says all foodstuffs containing GM organisms should be clearly labelled, irrespective of the percentage of GM crops they contain. Under the…

Lausanne’s Technology Institute aims for the top

This content was published on Mar 31, 2003 swissinfo spoke to its president, Patrick Aebischer, who aims to make the institute one of the best technical universities in the world. The Swiss President, Pascal Couchepin, and the French Minister for Research, Claudie Haigneré, attended the celebration. Haigneré was awarded an honorary degree from the institute. While Aebischer might reject the charge that he…

Swiss boss masters management of decline

This content was published on Mar 29, 2003 In an exclusive interview with swissinfo, Dosé defended the company’s decision to rethink its direction after a last year’s billion-franc loss. “It’s not exactly a pleasure, and sometimes not very motivating, to work in an industry where you basically destroy value every day,” Dosé says. Halting the airlines’ prodigious cash-burn is made more difficult by…

Cluster: Archive

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Cluster: Archive

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Helvetia Patria joins the loss-making list

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Swiss nuclear stations certified terrorism-proof

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FAMARA: Toubab Man

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Baloise makes record loss

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Taste for luxury chocolate keeps Lindt profits sweet

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Alpine giant powers Swiss households

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Lifting the veil on the central bankers’ bank

More

Switzerland calls for more transparency on GM food

More

Lausanne’s Technology Institute aims for the top

More

Swiss boss masters management of decline

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