Cluster: Archive

Swiss scientists put finishing touches to Envisat

This content was published on Jan 9, 2003 The team based at the University of Zurich is in the process of calibrating instruments for evaluating data from Europe’s most powerful and sophisticated satellite. Urs Frei, Zurich University I am convinced that it will be possible to estimate the probability of natural disasters. The satellite is designed to help scientists better understand climatic shifts…

Hayek warns of impending crisis in watch industry

This content was published on Jan 9, 2003 He also took a swipe at the Central Bank, arguing that more could be done to bring down the value of the Swiss franc, which is hurting the industry. Hayek was speaking in Le Locle at an event marking the 150 years of the Tissot watch company, which is based in the town. He said…

Cabinet enjoys more trust than business leaders

This content was published on Jan 8, 2003 Some 35 per cent said the government was trustworthy compared with just six per cent who took a favourable view of business leaders. The news was not all bad for business, though. Forty per cent of those surveyed said they trusted the government and bosses equally. That finding suggests that a substantial proportion of the…

CSFB to sell US clearing unit for $2 billion

This content was published on Jan 8, 2003 The deal will provide much-needed cash for the investment bank, which has been hit by huge losses. Analysts said the sale, expected to be wound up by June, had been anticipated and that CSFB had got a “reasonable” price for Pershing, which is the biggest clearing company in the United States by brokerage customers. John…

Unemployment on the rise again

This content was published on Jan 8, 2003 The unemployment rate now stands at its highest level for four years. Figures released by the State Secretariat for Economic Affairs (Seco) showed that over the year 2002 as a whole unemployment averaged 2.8 per cent, up from a ten-year low of 1.9 per cent the year before. The number of registered unemployed in Switzerland…

Blocher cuts stake in EMS Chemie

This content was published on Jan 8, 2003 The businessman and rightwing populist politician had been expected to try to take the firm private. EMS announced on Wednesday that Blocher’s EMESTA Holding would reduce its stake and voting rights to 50.1 per cent. EMS said it would also be introducing a unified share structure, with stock being split 50 for one for bearer…

Swisscom seeks to preserve “last mile” monopoly

This content was published on Jan 7, 2003 But the former state monopoly, Swisscom, is trying to retain its hold on the fixed line network, which competitors see as the primary area for growth in a stagnant market. Switzerland’s telecommunications market was liberalised in January 1998 amid promises of increased competition and choice. The ensuing price war between operators sharply reduced call costs,…

Record year for Swiss buyouts

This content was published on Jan 7, 2003 A new study published by the Swiss Private Equity Association and the Corporate Finance Group reveals that 35 buyouts took place, affecting more than 50,000 workers. The previous year only 4,000 people were employed by firms that completed management buyouts. The total number of deals in 2002 was similar to the previous year – 35…

Economy to remain in the doldrums

This content was published on Jan 7, 2003 The investment bank said Switzerland would continue to suffer from the depressed global environment this year. In its European Weekly Analyst research publication, devoted to issues and the outlook for 2003, the bank said problems for the Swiss economy have been compounded by the overvaluation of the Swiss franc, which has been supported by safe…

English powers ahead

This content was published on Jan 6, 2003 Right across the country, schools and businesses are pouring resources into learning the language. One of the first signs that English was on the rise was the move by canton Zurich’s education department to introduce it as the first foreign language taught in primary schools, in place of the traditional French. The decision was at…

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Swiss scientists put finishing touches to Envisat

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Hayek warns of impending crisis in watch industry

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Cabinet enjoys more trust than business leaders

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CSFB to sell US clearing unit for $2 billion

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Unemployment on the rise again

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Blocher cuts stake in EMS Chemie

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Swisscom seeks to preserve “last mile” monopoly

More

Record year for Swiss buyouts

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Economy to remain in the doldrums

More

English powers ahead

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