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Bad weather continues in Swiss Alps

This content was published on Nov 6, 2000 The high winds damaged buildings, knocked over trees and electricity pylons while heavy snow also halted traffic through the Alps on Monday. No injuries were reported in the Swiss storms, where the wind speed increased after moist air from the Mediterranean was blown north and forced over the mountains. In the Swiss canton of Valais,…

Electrosmog draws renewed fire ahead of UMTS auction

This content was published on Nov 6, 2000 At a news conference on Monday in Bern, the organisations said radiation levels from antennae should be reduced to a tenth of the current permitted level of six volts per metre. The groups represented include: Doctors for the Environment, the Swiss Energy Foundation, Pro Natura, the Swiss Foundation for the Protection and Planning of the…

Swiss markets await US election result

This content was published on Nov 6, 2000 The election result may still be in doubt, but there is no question where the markets’ loyalties lie. Analysts say business leaders in Switzerland are or should be firmly behind Bush, who has emerged as a champion of free trade. Gore, by contrast, is been seen as the “interventionist” candidate – a terminal affliction in…

EFTA strikes trade deal with Mexico

This content was published on Nov 6, 2000 EFTA, made up of Switzerland, Norway, Iceland and Liechtenstein, concluded the negotiations with Mexico in just three months. The agreement abolishes import duties for Swiss goods until the year 2007. Services provided by banks and insurance companies will also be free of tariffs. The agreement includes a provision to regulate the protection and development of…

UBS wraps up PaineWebber takeover

This content was published on Nov 6, 2000 The agreement went through on schedule last Friday. “I am pleased with the speedy and successful completion of the merger,” said President and Chief Executive Officer, Marcel Ospel. “The smoothness with which it has been accomplished means we can now concentrate on rapid value creation for our employees, clients and shareholders.” PaineWebber brings UBS an…

The final frontiers of space are crossed in Lucerne

This content was published on Nov 6, 2000 The “Crystal Moon Express” takes up to 30 passengers at a time on a virtual voyage towards a mysterious asteroid at the end of this century. Accompanying them are the human shuttle commander, Tex the robot and an onboard computer called Krishna. Their destination is the Crystal Moon Hotel, from which they can observe a…

Manoeuvring continues ahead of UMTS auction

This content was published on Nov 6, 2000 Swisscom is refusing to comment on reports that Britain’s Vodafone group is to buy a 25 per cent stake in the company’s mobile telecommunications division. Vodafone is not among the nine bidders for four UMTS licences in Switzerland and a deal with Swisscom would link it with the current market leader. The Swiss government remains…

Phonak leaps into second place market position

This content was published on Nov 6, 2000 If the SFr162 million ($92 million) deal is completed it will mean Phonak will be second only to Siemens in the hearing instruments sector. It currently ranks fifth. Two thirds of the price is to be paid in cash and the remainder in shares. The acquisition, expected to go through on 1st January, is the…

Swiss business rooting for Bush

This content was published on Nov 6, 2000 The election result may still be in doubt, but there is no question where the markets’ loyalties lie. Analysts say business leaders in Switzerland are or should be firmly behind Bush, who has emerged as a champion of free trade. The vice-president, Al Gore, by contrast, is been seen as the “interventionist” candidate – a…

Speculation rife on Vodafone deal with Swisscom

This content was published on Nov 6, 2000 One week before Switzerland’s auction of third generation mobile phone licenses, speculation is increasing as to which corporate link-ups will secure the four licences which are up for sale. The SonntagsZeitung said on Sunday the government would give the deal the green light on Wednesday. Another newspaper reported that the government had already given the…

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Bad weather continues in Swiss Alps

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Electrosmog draws renewed fire ahead of UMTS auction

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Swiss markets await US election result

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EFTA strikes trade deal with Mexico

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UBS wraps up PaineWebber takeover

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The final frontiers of space are crossed in Lucerne

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Manoeuvring continues ahead of UMTS auction

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Phonak leaps into second place market position

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Swiss business rooting for Bush

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Speculation rife on Vodafone deal with Swisscom

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