Cluster: Archive

Fake Swiss watches swamp Russian market

This content was published on Mar 13, 2003 Fifteen years ago there were virtually no Swiss watches to be found in Russia, but now increasing numbers of fake Swatches, Omegas, Patek Philippes and Rolexes are being sold across the country. “It’s a very serious problem, which is hard to quantify,” said Marc Frisanco an intellectual property expert with Vacheron-Constantin in Geneva. “Counterfeits strike…

Tech tourism in Switzerland

This content was published on Mar 12, 2003 The tour brought international venture capitalists together with Swiss startup companies in the second such event in five years. Delegates heard “pitches” from twenty-nine, privately-owned, Swiss companies in a variety of venues. “This is a way to stay close to the Swiss entrepreneurial scene, ” Holger Heims of Deutsche Venture Capital told Swiss Venture. “Despite…

Preventive treatment key to fighting breast cancer

This content was published on Mar 12, 2003 The conference, which kicked off on Wednesday, comes at a time when the number of breast cancer cases in industrialised countries is on the rise, but mortality rates are dropping. Cancer experts say the main reason for the fall is the increased use of preventive medicine. Preventive treatment works in two ways: firstly, screening on…

Parliament backs stem cell research

This content was published on Mar 12, 2003 But, as expected, it refused to give the go-ahead for research on the embryos themselves until a new law is formulated. The proposals still need to be approved by the House of Representatives before they become law. A Senate commission had already made changes to the draft legislation – distinguishing between stem cell research and…

Clariant replaces CEO

This content was published on Mar 12, 2003 In a statement, Clariant said the board of directors had unanimously appointed Roland Lösser as the new chief executive. Lösser has been a member of the Clariant board for three years and was previously the company’s chief financial officer. Analysts said Handte had lost investors’ confidence after Clariant last month reported a surprise loss of…

Julius Baer sheds jobs as profit plunges

This content was published on Mar 12, 2003 The group said on Wednesday that difficult market conditions had reduced revenues and assets, and would force it to slash its workforce by around 300. Julius Baer had forecast last year that net profit would be considerably less than the SFr225 million achieved in 2001. Analysts had expected 2002 profit to come in at around…

Experts explore mysteries of the brain

This content was published on Mar 11, 2003 International Brain Week – now in its sixth year – offers a unique opportunity for specialists to discover more about the brain and how it functions. A series of roundtable discussions, hosted by Geneva University, will allow experts to exchange information and research on a wide range of topics from Alzheimer’s disease to schizophrenia. Two…

Mövenpick slips further into the red

This content was published on Mar 11, 2003 Last year the company slipped into the red for the first time in ten years when it ran up a loss of SFr11.6 million. In a statement on Tuesday, Mövenpick also reported a nine per cent drop in turnover to SFr824 million from SFr906 million in 2001. The results were worse than had been expected.…

Youngsters face job struggle

This content was published on Mar 10, 2003 Education experts estimate that as many as 10,000 young job-seekers may be unable to find an apprenticeship this summer. Apprenticeships form the most traditional route into the Swiss workforce, and the anticipated shortfall looks set to bring more bad news to an already ailing domestic economy. General unemployment in Switzerland is already close to a…

Unions target pensions crisis

This content was published on Mar 10, 2003 The call comes one month before cabinet is due to present plans to parliament for reforming occupational pension schemes. Swiss pension funds have been hammered by the downturn in the stock market, leaving them short of cash and unable to fully cover their commitments. This is because the bulk of pension fund income – between…

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Fake Swiss watches swamp Russian market

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Tech tourism in Switzerland

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Preventive treatment key to fighting breast cancer

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Parliament backs stem cell research

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Clariant replaces CEO

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Julius Baer sheds jobs as profit plunges

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Experts explore mysteries of the brain

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Mövenpick slips further into the red

More

Youngsters face job struggle

More

Unions target pensions crisis

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