Cluster: Archive

Swiss firm pioneers Internet access using electricity supply

This content was published on Feb 20, 2001 Swiss firm pioneers Internet access using electricity supply The Bern-based Ascom group says it has moved a step closer towards connecting people to the Internet through the electricity supply. Ascom said on Tuesday that it had received a long-term order to supply modems and network management to RWE Powerline, a subsidiary of the German utility,…

Record profits at Georg Fischer

This content was published on Feb 20, 2001 The company said on Tuesday that it made the profit “despite a massive rise in the tax burden”. Orders topped the SFr4 billion mark for the first time, while sales totalled SFr3.9 billion). In a statement, the company said that more than two thirds of the 21 per cent increase in sales was attributable to…

SAirGroup undecided about long-term involvement in Sabena

This content was published on Feb 20, 2001 Sabena won a last-minute reprieve after its two shareholders, SAirGroup and the Belgian government, said they would inject new capital into the ailing airline. However, the SAirGroup, which owns a 49.5 per cent stake in Sabena, says it intends to keep its options open regarding its future involvement in the Belgian carrier. A key issue…

Sabena saved from imminent bankruptcy

This content was published on Feb 20, 2001 The airline’s two shareholders approved the re-capitalisation plan on Monday, after Sabena’s management and pilots agreed to wear cost-cutting measures worth 52 million euros, including the loss of 700 jobs. Sabena had said that without the cash injection it would have run out of money by the end of February. A final decision on the…

Enquiry launched into Davos hacking incident

This content was published on Feb 19, 2001 Hackers broke into files stored on the WEF computer, and downloaded confidential information concerning 1,400 forum members. As part of its investigations, the court has asked the Swiss German newspaper, “SonntagsZeitung”, to hand over as evidence a copy of the CD rom containing information downloaded by the hackers. The CD was handed over to the…

Swiss-Italian tunnel ready to take lorry freight in June

This content was published on Feb 19, 2001 Leuenberger made the announcement after a meeting in Milan with his Italian counterpart, Pier Luigi Bersani. During the talks Bersani promised Italy would finish its portion of the rail link by the end of May. The tunnel, originally scheduled to open at the beginning of the year, will now open on June 11. Despite the…

Swiss experts present views on youth drinking

This content was published on Feb 19, 2001 Organised by the Geneva-based World Health Organisation (WHO), the three-day meeting brings together delegates from numerous European member nations. The WHO says the issue of increasing alcohol abuse by youngsters is the most alarming in Europe. The number of Swiss teenagers and people in their early 20s who indulge in “binge drinking” (consuming excessive amounts…

Swiss ice hockey league orders audit of clubs

This content was published on Feb 19, 2001 The consultancy firm, PricewaterhouseCoopers (PWC), has been asked to examine the accounting procedures of all 23 A and B division teams which make up the league. The audit could have serious implications for next year’s championship, because clubs that fail to meet the standards of the audit risk not having their licences renewed. Representatives of…

ABB plans share split

This content was published on Feb 19, 2001 The changes will be proposed to investors at the group’s annual general meeting on March 20. If approved, the move would reduce the par value of ABB’s shares to SFr2.5 from SFr10. ABB’s shares suffered sharp losses last week after the group revealed lower-than-expected results for 2000. This latest move by ABB is in line…

Rieter set sights on German machinery firm

This content was published on Feb 19, 2001 Rieter, which operates in the textile machinery and automotive supply sector, said in a statement on Monday that the operations in which it was interested generated annual sales of around SFr200 million ($119 million). Rieter says Süssen is a market leader in the development of spinning technology for the textile industry and is one of…

Cluster: Archive

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Swiss firm pioneers Internet access using electricity supply

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Record profits at Georg Fischer

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SAirGroup undecided about long-term involvement in Sabena

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Sabena saved from imminent bankruptcy

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Enquiry launched into Davos hacking incident

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Swiss-Italian tunnel ready to take lorry freight in June

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Swiss experts present views on youth drinking

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Swiss ice hockey league orders audit of clubs

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ABB plans share split

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Rieter set sights on German machinery firm

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