Cluster: Archive

Swissair looking to buy stake in Malaysian carrier

This content was published on Dec 12, 2000 The company had said it was interested in a “strategic partnership” with the Malaysian carrier, but Swissair officials confirmed on Monday that their interest goes beyond existing mutual cooperation. “I can confirm we have asked the [Malaysian] government and the airline to be considered a possible strategic equity partner,” said Swissair spokesman, Jean-Claude Donzel. He…

Switzerland bans sale of meat-based fodder

This content was published on Dec 11, 2000 He said on Monday the measures were designed to stop the spread of BSE or Mad Cow Disease. There are fears that BSE can be transferred to humans as new variant Creutzfeldt-Jakob Disease (nvCJD), although the scientific evidence is inconclusive. The government had initially aimed to have the ban on meat and bone meal in…

Switzerland takes part in UN conference on spread of deserts

This content was published on Dec 11, 2000 The director of the UN secretariat to combat desertification, Hama Arba Diallo, said a fifth of the world’s population was at risk. He said land erosion and the spread of deserts was leading to growing poverty, a scarcity of food and increased migration. Diallo said no time could be wasted in finding ways to combat…

Government announces help for flood-hit areas

This content was published on Dec 11, 2000 The government’s contribution will cover approximately half the estimated cost of repairing the flood-damaged buildings. The largest share of the cash will go to canton Valais, which was worst affected. Damage to public buildings in the canton is estimated at SFr290 million. According to government estimates, the bad weather caused total damage of SFr310 million…

Government touts success of “green” policies

This content was published on Dec 11, 2000 In a statement on Monday, the cabinet said its policies would lead to a five per cent fall in energy consumption this year, largely as a result of measures aimed at reducing greenhouse gas emissions. It added that the government’s drive for sustainable development had influenced its financial and foreign policy. It cited the introduction…

Competition watchdog smashes road industry cartel

This content was published on Dec 11, 2000 The competition commission said the asphalt suppliers had made an illegal profit of SFr1.5 million ($880,000) a year since 1996. The head of the commission, Roland von Bueren, said: “For the first time, we have caught out an entire industry in a large and important region.” However, he added that the commission was unable to…

Gucci buys Swiss watchmaker

This content was published on Dec 11, 2000 No financial details of the transaction were released but there will be no job losses. “Each of the parties is very enthusiastic about the future and we are very happy that our paths have come together,” said Christian Bédat, president of the watch company. Founded in 1996, the Bédat company has developed rapidly, particularly in…

Leica adds US firm to growing list of acquisitions

This content was published on Dec 11, 2000 The deal, announced on Monday, is valued at $23.3 million (SFr39.6 million). It will be financed with cash and is expected to close in early January. A statement from Leica Geosystems headquarters in Heerbrugg said the acquisition would allow the company to establish a strong position in high-precision 3D guidance and automated machine control systems…

Saia-Burgess ups stake in US market

This content was published on Dec 11, 2000 The acquisition, which will become effective at the end of the year, is valued at $56 million (SFr95.2 million). In North America, the Ledex and Dormeyer companies are the leading supplier of actuators (linear and rotary solenoids) and subsystems, with a market share of 36 per cent. A statement said the acquisition would push Saia-Burgess’…

Business outlook

This content was published on Dec 10, 2000 One exception is the manufacturer of semiconductor assembly systems, Esec, which is due to publish third quarter figures on Thursday. Analysts expect an increase in net profit of around 25 per cent. Esec has managed to turn itself around after a tough couple of years and is now partially integrated into Unaxis. With the economic…

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Swissair looking to buy stake in Malaysian carrier

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Switzerland bans sale of meat-based fodder

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Switzerland takes part in UN conference on spread of deserts

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Government announces help for flood-hit areas

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Government touts success of “green” policies

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Competition watchdog smashes road industry cartel

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Gucci buys Swiss watchmaker

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Leica adds US firm to growing list of acquisitions

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Saia-Burgess ups stake in US market

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Business outlook

Popular Stories

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