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Swiss, Italian cargo venture on hold

This content was published on Nov 24, 2000 Spokesman Christian Kräuchi said on Friday that the two companies had withdrawn their application for permission to set up the joint venture from the European Commission. He said the long-term goal remained a merger of the two companies’ cargo activities, but that they had to rethink how to go about it. The planned joint venture,…

Swiss seek way out of deadlock at climate conference

This content was published on Nov 24, 2000 The head of the Swiss delegation, Philippe Roch, said he might be willing to support a compromise proposal put forward by the conference president, Dutch environment minister, Jan Pronk. The conference is deadlocked because United States and European negotiators have been unable to agree a joint position on how to reduce emissions, despite nearly five…

US court ruling paves way for payments to Holocaust survivors

This content was published on Nov 23, 2000 The ruling on Wednesday by US district judge, Edward Korman, came more than two years after Swiss banks, UBS and Credit Suisse, and Jewish groups agreed the settlement over Holocaust-era assets. Payments should now start early next year, once a final appeal against the distribution plan is resolved. During the court hearing, some of the…

SAirGroup boss under scrutiny over Swissair

This content was published on Nov 23, 2000 SAirGroup issued a statement after the meeting saying that no strategic decisions had been taken. There had been speculation that SAirGroup was ready to sell part of Swissair to a major competitor. But the statement squashed these rumours saying that such a sale was not up for discussion. Media reports had concentrated on rumours that…

Switzerland seeks to expand its list of Unesco World Heritage sites

This content was published on Nov 23, 2000 The castles in the town of Bellinzona are among 71 natural and cultural sites nominated for inclusion on Unesco’s World Heritage List, which includes 630 sites worldwide. The Swiss site has good chances of being added to the list, after obtaining a recommendation at a preparatory meeting in June. If accepted, it would bring to…

Switzerland’s trade balance swings into the red

This content was published on Nov 23, 2000 Imports grew by 19.3 per cent, while exports increased by 8.9 per cent. Figures released on Thursday by the finance ministry showed that the cost of imports rose due to higher energy prices and increases in prices of raw materials and semi-finished goods. In the first 10 months of the year, imports grew by 14…

Credit Suisse adds Britain’s Hambro to expanding asset list

This content was published on Nov 23, 2000 The move comes two months after the Swiss bank won approval to take over the US investment bank, Donaldson, Lufkin and Jenrette. Credit Suisse announced that it intended to buy JO Hambro last month. No purchase price has been disclosed. The deal is subject to normal regulatory approval. Hambro, with client assets of SFr3.8 billion…

Phonak triples first half profit

This content was published on Nov 23, 2000 The company said it expected full-year sales of SFr450 million ($249 million) against SFr314 million in the previous year. The net profit margin is expected to increase by about 14 per cent versus last year’s figure of 10.8 per cent. Phonak’s first half profit to the end of September was SFr34 million compared to SFr11.2…

Swiss business wants closer EU ties

This content was published on Nov 23, 2000 Presenting a new report on Thursday, the Federation’s director, Rudolf Ramsauer, said Switzerland had gained much through a series of bilateral accords agreed with the EU. He said Swiss business would achieve around 80 per cent of its goals through them. But Ramsauer said it would be a mistake to see the accords as the…

Switzerland opens mission in Iraq

This content was published on Nov 22, 2000 The foreign minister, Joseph Deiss, said on Wednesday that the closure of the Swiss embassy in Iraq during the Gulf War had led to a lack of first-hand information about what was going on inside the country. Deiss said two Swiss diplomats would be stationed in Baghdad to collect information and to monitor the humanitarian…

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Swiss, Italian cargo venture on hold

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Swiss seek way out of deadlock at climate conference

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US court ruling paves way for payments to Holocaust survivors

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SAirGroup boss under scrutiny over Swissair

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Switzerland seeks to expand its list of Unesco World Heritage sites

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Switzerland’s trade balance swings into the red

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Credit Suisse adds Britain’s Hambro to expanding asset list

More

Phonak triples first half profit

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Swiss business wants closer EU ties

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Switzerland opens mission in Iraq

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