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Petrol price hits record high

This content was published on May 12, 2000 That is slightly higher than during the early 1980s, when petrol prices hit a high of SFr1.39. The oil companies say the latest price rise is due to an increase in prices on the market in Rotterdam. This in turn, is due to growing demand for oil, particularly from the United States. They said the…

Lausanne goes back to nature

This content was published on May 12, 2000 The idea was born in 1995, to coincide with the second European Year of Nature Conservation. Its 40 individual projects, which now form a green corridor running through the city, have been funded by the city of Lausanne, canton Vaud and the Federal Environmental Agency. “The experience is that people prefer a living town,” says…

Interlaken hosts health experts with the mission to offer fairer global health care

This content was published on May 11, 2000 “Clearly the poorer countries have the greatest burden,” says Orvill Adams, the director of the World Health Organisation’s health service delivery body. In poverty-stricken countries, more than one in five children die in their first year. This compares unfavorably with just one in 200 children in the West. Poverty then certainly is an issue, but…

Cabinet paves way for new charity foundation

This content was published on May 11, 2000 After an extraordinary session on Wednesday, it proposed using the remaining 800 tonnes on deficit reduction, educational projects, and to stock up the state pension plan. However, the details have been left open. The cabinet agreed at the meeting that the fund should be limited to 30 years. The finance ministry said it would present…

Swiss insurers to compensate Holocaust victims

This content was published on May 11, 2000 A maximum sum of $50 million has for the first time been put on the table by the negotiators from the Swiss banks UBS and Credit Suisse, who are representing four Swiss insurance companies, including Swiss Re, Baloise, Swiss Life and Helvetia-Patria.· The negotiations in New York are supposed to avert class action lawsuits being…

Strengthening franc spells bad news for Swiss exporters to Europe

This content was published on May 11, 2000 Before then, the franc and the euro had moved to a large extent in parallel, with the euro worth around SFr1.60. However, since the Swiss National Bank’s decision to move Swiss interest rates higher independently of the European Central Bank, the Swiss unit has been gaining ground. At present the euro buys around SFr1.55. About…

Life insurance helps boost Swiss Re profits

This content was published on May 11, 2000 The growth in profit came despite a year which saw heavy winter storms in Europe that added around SFr 900 million to the company’s claims burden. “We’ve achieved it because we were prepared,” says Swiss Re’s chief financial officer, John Fitzpatrick. “The life insurance result more than doubled. The investment result was up more than…

Wall Street welcomes Novartis

This content was published on May 10, 2000 Novartis, based in Basel, is one of several Swiss companies that are being attracted to the world’s largest bourse. The UBS financial group announced Wednesday that it would be listed in New York from Tuesday next week. The trading of Novartis shares will be by American Depositary Receipts, with 40 ADRs equalling one registered share…

UBS to trade on New York stock exchange

This content was published on May 10, 2000 The bank said on Wednesday that it hoped the move would allow it to expand in the United States. “The listing will give UBS easier access to US investors and provides it with the strategic flexibility to benefit from potential expansion opportunities in the United States,” UBS said in a statement. The shares will start…

The cows come home to Fribourg

This content was published on May 10, 2000 It will be the first POYA festival in more than ten years, and only the sixth ever. The organisers describe it as a gigantic cowfest where not only the cows but also their geographical origins are celebrated. The Swiss breeds include, Simmental and Black Spotted, while Angus, Gasconne and Piedmontese are among some of the…

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Petrol price hits record high

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Lausanne goes back to nature

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Interlaken hosts health experts with the mission to offer fairer global health care

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Cabinet paves way for new charity foundation

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Swiss insurers to compensate Holocaust victims

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Strengthening franc spells bad news for Swiss exporters to Europe

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Life insurance helps boost Swiss Re profits

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Wall Street welcomes Novartis

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UBS to trade on New York stock exchange

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The cows come home to Fribourg

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