Cluster: Archive

Belgian probe blames Swissair for Sabena collapse

This content was published on Jan 30, 2003 The damning report says Swissair’s failure to honour its commitments towards Sabena, in which it held a 49.5 per cent stake, directly led to the carrier’s collapse in 2001. The parliamentary commission’s 323-page report also blamed the Belgian government – the majority shareholder – and Sabena executives for mismanagement and for failing to defend the…

Aid worker finds Iraqis calm as war looms

This content was published on Jan 29, 2003 Daniel Beyeler, who has been in Iraq since December 2002, says the shops are well stocked and there are no signs of panic buying. “It’s still quite calm,” Beyeler told swissinfo. “Daily business is ongoing – there’s no problem at all.” And although there is some anger at the thought of war, in his experience…

Iraq crisis weighs heavily on Swiss economy

This content was published on Jan 29, 2003 And Swiss exports are suffering from the impact of the strong Swiss franc. The Swiss National Bank has responded to the mounting crisis, saying it can and will act should deterioration in either economic or geopolitical conditions warrant a move on interest rates. Emphasising that the central bank was closely monitoring events, spokesman Werner Abegg…

Study calls for rethink on immigration

This content was published on Jan 29, 2003 But the study also reveals serious inequalities between the salaries of Swiss and foreign workers. The study, carried out by the Swiss National Science Foundation between 1995 and 2002, identified trends in immigration over the past 50 years, and recommended a series of policies for the future. One of the main findings was that Switzerland,…

Ascom slashes more jobs

This content was published on Jan 29, 2003 The Bern-based company also said that it anticipates losses for 2002 to be between SFr260 million ($191 million) and SFr290 million. In a statement released on Tuesday, Ascom blamed the poor market situation in the telecommunications sector as well as the underperformance of its Powerline Communications unit for the losses. The company confirmed that half…

EU leaders attacked over WEF no-show

This content was published on Jan 28, 2003 Reflecting on six days of high-level discussions, Schwab bemoaned the absence of the heads of state of Germany, France, Britain or Italy. Schwab said this was in stark contrast to the United States which sent five cabinet ministers led by the secretary of state, Colin Powell. Americans also made up one-third of the 2,000 business,…

Ziegler launches assault on capitalism

This content was published on Jan 27, 2003 To rapturous public applause, the sociologist and author railed against capitalism and the elites – Bush, Sharon, Putin and bin Laden – as well as the UN and IMF. “The avant-garde of humanitarianism are today living in Latin America,” said Ziegler, the UN’s Special Rapporteur of the Commission on Human Rights on the Right to…

Going up Saas Fee’s “green slopes”

This content was published on Jan 26, 2003 Unfortunately, it is the only major Swiss resort committed to implementing the Alpine Convention – dedicated to environmental protection and sustainable development. Located at a lofty 1,800 metres above sea level, with ski slopes stretching up to 3,500 metres and summer skiing available on its glacier, skiers are drawn to Saas Fee like bees to…

Private insurers forecast more dark times ahead

This content was published on Jan 26, 2003 In its annual review, the Swiss Insurance Association, the industry’s umbrella organisation, revealed that the previous 12 months had been worse than expected. Association chairman Hansjörg Frei told a news conference in Zurich that after the turbulences of 2001, he had expressed a “certain amount of confidence” for 2002. However, he admitted this had been…

Swissair grounding could have been avoided

This content was published on Jan 24, 2003 In a damning indictment, a report by Ernst & Young says management incompetence and a lack of aviation experience brought down Switzerland’s national airline. Ernst & Young’s Ancillo Canepa was highly critical of the situation in general. “When such huge amounts [of money] are involved, you rarely see such a debacle,” he told swissinfo. Few…

Cluster: Archive

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Belgian probe blames Swissair for Sabena collapse

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Aid worker finds Iraqis calm as war looms

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Iraq crisis weighs heavily on Swiss economy

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Study calls for rethink on immigration

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Ascom slashes more jobs

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EU leaders attacked over WEF no-show

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Ziegler launches assault on capitalism

More

Going up Saas Fee’s “green slopes”

More

Private insurers forecast more dark times ahead

More

Swissair grounding could have been avoided

Popular Stories

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