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Credit Suisse axes 300 jobs in Zurich

This content was published on Dec 20, 2002 The loss-making bank said the cuts would be achieved by merging some investment banking activities with its financial services division. CS said Zurich-based securities and treasury operations at its investment bank, Credit Suisse First Boston (CSFB), would be moved into its Financial Services division, and the job cuts would be spread across both. Some job…

Nestlé holds firm on Ethiopia claim

This content was published on Dec 19, 2002 The Swiss firm has come under fierce criticism from British aid group, Oxfam, which says the country – facing a widespread famine – cannot afford to pay. Oxfam spokeswoman Sophia Tickell said the Ethiopian government had offered to pay Nestlé $1.5 million to settle the claim, which was all it could afford. But the company…

Swiss bourse set to buy virt-x

This content was published on Dec 19, 2002 The SWX said the deal would consolidate the group’s position in the European stock market environment. The SWX and Britain’s Tradepoint Group each own 38.9 per cent of the London-based trading platform, while the remainder of the shares are publicly held. The stock exchange is offering Tradepoint 12.5 pence (SFr0.29) per share, which the company…

Swiss persist in taking a rosy view

This content was published on Dec 19, 2002 That’s according to a new study which showed that, while the world frets about a stalled economy and the prospect of war in Iraq, little seems to dampen Swiss spirits. The study canvassed the views of 1,010 Swiss over the age of 18, starting with the question: “Do you consider yourself an optimist or a…

New technique reveals brain changes

This content was published on Dec 18, 2002 The ability to track individual brain cells is expected to help scientists explore how the brain forms memories and reacts physically to experiences. Lausanne University’s Graham Knott, who wrote up the group’s findings, said the international research team had managed to watch a brain as it adapted to change. Using laser and electron microscopes, researchers…

ABB wins credit lifeline from banks

This content was published on Dec 18, 2002 The Swiss-Swedish firm is struggling to cut a debt mountain of SFr9 billion as it tries to settle asbestos liabilities in the United States. The new credit facility will replace a $3 billion (SFr2.4 billion) pact that expired on Tuesday, and which was put in place in March when ABB narrowly avoided a cash crunch.…

Mühlemann departs empty-handed

This content was published on Dec 18, 2002 Mühlemann, who steps down at the end of the year after coming under pressure for his failed expansion strategy, will waive his contractual right to a severance payment. A statement on Wednesday from Switzerland’s second-largest financial group said that Mühlemann had notified the board of directors of his decision. However, the brief announcement added that…

Recipe for a spelt noodles dish

This content was published on Dec 18, 2002 Hanni Kleeb of the Mühle Kleeb provides a recipe for a lemon cream sauce to accompany wild garlic-flavoured spelt noodles made at her mill. The recipe is for four people and the noodles can be purchased either at the mill or the Emmental show dairy in the village of Affoltern. Recipe: Finely chop 20g of…

A sheep that stands out from the flock

This content was published on Dec 17, 2002 The Roux de Bagues, a red wool variety, black Lötschen sheep and Visp sheep are now extinct. One of the few ancient, indigenous breeds to have survived is the Roux du Valais or Walliser Landschaf. This breed was once prized for its red, rough wool. There was no need to dye it, and it was…

Saving the woolly pig

This content was published on Dec 17, 2002 But the woolly pig may yet live to grunt another day, thanks to the work of the Swiss environmental protection foundation, Pro Specie Rara. The common type was the Swallow Bellied Mangalitza, a black-bristled robust animal well adapted to cold climates. It rarely became sick, and produced high quality meat. Yet despite these useful qualities,…

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Credit Suisse axes 300 jobs in Zurich

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Nestlé holds firm on Ethiopia claim

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Swiss bourse set to buy virt-x

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Swiss persist in taking a rosy view

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New technique reveals brain changes

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ABB wins credit lifeline from banks

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Mühlemann departs empty-handed

More

Recipe for a spelt noodles dish

More

A sheep that stands out from the flock

More

Saving the woolly pig

Popular Stories

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