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Credit Suisse distances itself from Clinton speech

This content was published on Feb 28, 2001 A spokeswoman for Credit Suisse First Boston (CSFB), Victoria Harmon, said the bank had reduced its involvement in the conference, because of Clinton’s participation. She added, though, that CSFB would honour its financial commitment to the conference. The statement, on Wednesday, came after Clinton had addressed the meeting in New York. She declined to say…

Inflation falls to 20-month low

This content was published on Feb 28, 2001 Most economists had forecast an inflation rate of around 1.1 per cent. The Federal Statistics Office said clothing and heating oil prices were the main factors behind the slowdown. Winter sales pushed clothing and shoe prices down by 5.2 per cent, while heating oil prices were down more than eight per cent compared with January.…

Medical scientists urge end to forced sterilisations

This content was published on Feb 27, 2001 In February 2000, the academy proposed forcibly sterilising mentally handicapped Swiss people who lacked discernment. The proposal was strongly criticised. In place of last year’s directive, the academy has published simple recommendations regarding sterilisation, laid down by their central ethics committee. The committee has to complete the ammendments to the existing directive before it can…

Happy ending in sight for Xamax?

This content was published on Feb 27, 2001 Following the start of talks between the two parties in January, a rescue plan has now been formulated under which IMG would take a majority share in the struggling club. However the agreement will only come into force if Xamax fulfil two conditions. Firstly the side must avoid relegation to the Swiss second division (LNB).…

Workers at ADtranz have jobs secured

This content was published on Feb 27, 2001 At a news conference in Basel on Tuesday, ADtranz said that 585 of 714 workers had found new positions. It added that it would continue to seek a solution for the remaining 129 people whose jobs are to go at the Basel site. But redundancies haven’t been ruled out. ADtranz said the positive result followed…

Household electric goods fail to profit from economic boom

This content was published on Feb 27, 2001 Although the year started well for producers and suppliers of large appliances such as cookers, the sector failed to achieve its targets. In the small appliance sector, traditional market fluctuations remained strong. Figures released on Tuesday revealed another poor performance for sales of electric cookers after a negative 1999. Sales of dishwashers and washing machines…

Sabena deal heads for a bumpy ride

This content was published on Feb 27, 2001 Tuesday’s Financial Times says that Lufthansa, British Airways, SAS and KLM are planning a joint complaint to the European Commission about the cash injection by the company’s two shareholders, Switzerland’s SAirGroup and the Belgian government. The four companies are expected to argue that the Belgian government’s plans to pump around SFr150 million into Sabena may…

Zurich voted top city in global survey

This content was published on Feb 27, 2001 In third place was Vienna in Austria. Geneva was not far behind, sharing joint fourth place with Copenhagen in Denmark and Sydney, Australia. The Swiss capital, Bern, also scored high marks, making Switzerland the only country to have three cities in the world’s top 10 list. Germany was also well represented, with both Frankfurt and…

Hotel industry kicks off year with record month

This content was published on Feb 27, 2001 The Federal Statistical Office said on Tuesday that Swiss hotels chalked up 2.77 million overnight stays in January, a rise of 4.3 per cent – or 114,000 nights – over the same month last year. The record number of stays comes on the back of one of the industry’s best winters yet, despite poor snow…

Employment barometer rises again

This content was published on Feb 27, 2001 Statistics released on Tuesday show that the number of people now in work stands at 3,915,000. The number of women and immigrants entering the workforce rose significantly, by two and 3.8 per cent respectively. The short-term outlook also remains bright. The vast majority of sectors described employment prospects for the coming three months as positive.…

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Credit Suisse distances itself from Clinton speech

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Inflation falls to 20-month low

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Medical scientists urge end to forced sterilisations

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Happy ending in sight for Xamax?

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Workers at ADtranz have jobs secured

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Household electric goods fail to profit from economic boom

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Sabena deal heads for a bumpy ride

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Zurich voted top city in global survey

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Hotel industry kicks off year with record month

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Employment barometer rises again

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