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Out & About in Switzerland: Worshipping the sun in mountain village

This content was published on Sep 21, 2000 It occurs every year approximately eight days before the start of spring and around eight days after the start of autumn on the astronomical calendar (This autumn at 09:33 on September 30). On these two days, the sun pokes through the “Martin’s Hole”, which nature has carved out of the peak of the Tschingelhorn (2,850…

Central bank continues gold sale

This content was published on Sep 21, 2000 According to figures released on Thursday, the SNB’s gold reserves fell by SFr116.3 million ($65.3 million) to SFr37.5 billion. That means 7.7 tonnes of the metal were sold based on the bank’s valuation at just over SFr15 per kilogramme. The policy of selling gold corresponds to the government’s new currency and payments law which came…

Swiss industry continues strong performance

This content was published on Sep 21, 2000 Industrial output rose 8.2 per cent in the second quarter year on year. Sales grew by 8.3 per cent while new orders were up by 13.1 per cent. Orders from abroad were up 17.7 per cent. The best performing areas were machinery and equipment, the manufacture of non-metallic mineral products, chemicals and chemical products and…

Race for Swisscom’s broadcast services unit hots up

This content was published on Sep 21, 2000 Swisscom has already confirmed that it is in negotiations with the British-based company, NTL. The newspaper says that Crown Castle International, France Telecom and a Swiss consortium have also expressed an interest. A Swisscom spokeswoman told swissinfo that talks were continuing with several companies but declined to give further details. NTL already owns Cablecom, Switzerland’s…

On two wheels through three countries all in one day

This content was published on Sep 21, 2000 Peter Schai speaks enthusiastically about the Little Camargue, the wetlands between the French villages of St-Louis-la-Chaussée and Rosenau bordering the river Rhine just north of Basel. “Imagine – this wilderness is just eight kilometres from the market square in the very centre of Basel. What other industrial city can say that for itself?”Schai, a 58-year-old…

UBS targeted again by computer virus

This content was published on Sep 20, 2000 The latest attack was again aimed at online banking software known as UBS Pin. UBS said the vast majority of its customers do not use that software and that no damage had been reported. The new virus, like the one in August, replicates itself using Microsoft’s Outlook e-mail programme. The virus is carried in an…

Switzerland against rapid reduction of poor-country debt

This content was published on Sep 20, 2000 Switzerland fears that the IMF and World Bank Heavily Indebted Poor Countries (HIPC) initiative could lead to countries being relieved of their debt even though they have not undertaken the necessary reforms. Giorgio Dhima, head of the IMF section in the finance ministry, says rapid debt relief for these countries would only lead them to…

Forestry industry continues to count cost of hurricane Lothar

This content was published on Sep 20, 2000 At its 79th General Assembly in Solothurn on Wednesday, the Swiss Foresters’ Association said prices for timber would bottom out next year. They are then expected to rise as the surplus of wood on the market begins to decline. In a matter of hours, Lothar brought down almost three times as much timber than is…

Oil price impact on economy limited

This content was published on Sep 20, 2000 The ministry bases the prediction on a forecast drop in oil prices in the medium term. It says prices will come down because it is not in the interests of oil exporting countries to provoke a recession in importing countries. The price of crude oil is currently more than three times higher than a year…

Nigeria singles out Swiss assistance in Abacha affair

This content was published on Sep 20, 2000 Obande said no other country, whose banks were holding money stolen by Abacha and his associates, had been as forthcoming as Switzerland in helping the present democratic government of President Olusegun Obasanjo to recover the funds. “I’m happy to say without equivocation that so far Switzerland has given the best cooperation to Nigeria in its…

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Out & About in Switzerland: Worshipping the sun in mountain village

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Central bank continues gold sale

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Swiss industry continues strong performance

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Race for Swisscom’s broadcast services unit hots up

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On two wheels through three countries all in one day

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UBS targeted again by computer virus

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Switzerland against rapid reduction of poor-country debt

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Forestry industry continues to count cost of hurricane Lothar

More

Oil price impact on economy limited

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Nigeria singles out Swiss assistance in Abacha affair

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