Cluster: Archive

ABB continues efforts to re-focus business

This content was published on Sep 13, 2000 Analysts say the move is a further step in the company’s strategy of focusing on high-margin technology businesses. The cost of the deal was not disclosed. Cellier designs and installs production units as well as industrial process and control systems for the paper, lubricants, paint, oil and chemical industries. It also delivers software that allows…

Swiss Re profit soars

This content was published on Sep 13, 2000 In a statement, the company said it expected “very positive” results for the year as a whole. It said there were two main factors behind the latest figures. First, the surge in profit reflected a 22 per cent rise in investment income to SFr5.6 billion, mainly due to capital gains as Swiss Re shifted into…

Holders of dormant accounts to benefit most from Holocaust fund

This content was published on Sep 12, 2000 The distribution plan, drawn up by a “Special Master” of the New York district court handling the fund, has earmarked some $800 million for holders of dormant accounts in Swiss banks. Also eligible are people forced to work as slave labourers in Swiss firms in Germany during the Second World War, as well as refugees…

Swiss astronomer among winners of Balzan Prize

This content was published on Sep 12, 2000 The Milan-based foundation announced on Tuesday that Mayor will be honoured with a SFr500,000 award for Instrumentation and Techniques in Astronomy and Astrophysics. Mayor was praised by the Balzan Foundation for “his achievements in making it possible to detect the first planet around a star other than the Sun”. Other researchers rewarded for their work…

Stress costs Swiss economy billions every year

This content was published on Sep 12, 2000 The survey, published by the economics ministry on Tuesday, said the damage caused by stress could go up to at least SFr8 billion if accidents and work-related illness are included. The results are based on interviews of 150 employees in the French-speaking part of Switzerland. Alain Kiener, head of the occupational health department at the…

Swiss franc hits historic high against ailing euro

This content was published on Sep 12, 2000 The franc is now at its highest level against the German mark – one of the currencies the euro is replacing – for more than two decades. The euro fell to a low of SFr1.5168 in late Asian trading. Against the dollar it sank to $0.8583. By the end of trading in London on Tuesday,…

Geneva scientists close to finding particle after 40 years of research

This content was published on Sep 12, 2000 Five measurements of particles which could be the Higgs-Boson have been made in the last two months in Geneva, but they do not go far enough to amount to scientific evidence of its existence. Patrick Janot, who is responsible for scientific co-ordination on the project, said the probability that the measurements represent some form of…

Swiss business pushing for more access to Chinese markets

This content was published on Sep 12, 2000 Led by the State Secretary in the Economics Ministry, David Syz, the 12 strong business delegation wanted to gain better access to China’s markets for insurance and watches. Their talks focused largely on Chinese membership of the World Trade Organisation (WTO), which Switzerland – along with a handful of other countries – has yet to…

ABB to expand Chinese investment

This content was published on Sep 12, 2000 Sinopec handles 50 per cent of crude oil shipped to China, and is due to be privatized later this year. It’s expected to be worth several billion dollars after its initial public offering. The biggest shareholders are expected to be oil companies such as BP Amoco. ABB and Sinopec have cooperated closely in recent years,…

Out & About in Switzerland: The Swiss navy on parade

This content was published on Sep 12, 2000 Thousands of curious onlookers are expected to line the shores of Lake Lucerne for the Swiss Navy Parade. Some will be wondering why Switzerland has a navy at all; others might ponder why it is based on lake Lucerne, which is as far away from the country’s borders as it is possible to be. But…

Cluster: Archive

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ABB continues efforts to re-focus business

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Swiss Re profit soars

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Holders of dormant accounts to benefit most from Holocaust fund

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Swiss astronomer among winners of Balzan Prize

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Stress costs Swiss economy billions every year

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Swiss franc hits historic high against ailing euro

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Geneva scientists close to finding particle after 40 years of research

More

Swiss business pushing for more access to Chinese markets

More

ABB to expand Chinese investment

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Out & About in Switzerland: The Swiss navy on parade

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