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SAir Group gets go-ahead for Belgian airline take-over

This content was published on Apr 26, 2000 The Belgian government has given Switzerland’s SAir group, which owns the national airline, Swissair, the go-ahead to take over the Belgian carrier, Sabena. The agreement was signed in Brussels by the entreprise minister, Rik Daems, and the chairman of SAir, Hannes Goetz. SAir, which held 49.5 per cent of Sabena’s shares, is set to increase…

Swiss franc nosedives against dollar

This content was published on Apr 26, 2000 The Swiss franc has hit a ten-year low against the dollar, which is trading above SFr1.70 for the first time since June 1989. The franc is being dragged lower in the wake of a plunging euro, which has dropped to another all time low against the US currency. The single European currency used by 11…

Zschokke shows evidence of recovery in construction industry

This content was published on Apr 26, 2000 One of Switzerland’s largest construction groups, the Geneva-based Zschokke company, has announced a three-fold increase in profits in 1999 compared to the previous year. The result is further evidence that the industry, one of the worst affected by the recession in the 1990s, is now firmly on the path to recovery. Zschokke on Wednesday unveiled…

Zurich bourse awaits results of merger talks

This content was published on Apr 25, 2000 The Swiss stock exchange is nervously awaiting the outcome of merger negotiations between its competitors in London and Frankfurt. The discussions have entered a crucial phase, with the German bourse keen to have the merger agreed before shareholder meeting on May 4. Analysts say the partnership, if it happens, will probably see blue chips traded…

Watch industry continues upwards trend

This content was published on Apr 25, 2000 The Swiss watch industry continues to boom, with latest figures showing “a flying start to the new year”. The Federation of the Swiss Watch Industry in Biel reports that exports soared to just under SFr751 million in February, a year-on-year rise of over 23 per cent. “The euphoric period which began for the Swiss watch…

Swatch Group adds Jaquet-Droz to its luxury sector

This content was published on Apr 25, 2000 Switzerland’s largest watchmaking concern, the Swatch Group, has purchased another luxury watch manufacturer – Montres Jaquet-Droz, based near Lausanne. A statement from the group’s headquarters in Biel gave no details of the purchase price but said that all the company’s employees would be maintained. “This acquisition fits very well in the luxury segment of the…

US authorities give go-ahead for Alzheimer’s drug

This content was published on Apr 25, 2000 The life sciences group, Novartis, has announced from its headquarters in Basel a “breakthrough” for sufferers of Alzheimer’s disease in the United States. It has been given the green light by the US Food and Drug Administration to market its Exelon drug used in the treatment of mild to moderate Alzheimer’s disease. Alzheimer’s disease –…

Ticinese politician, Bignasca, has debts of SFr67 million

This content was published on Apr 24, 2000 The head of canton Ticino’s right-wing political party, Guiliano Bignasca, has a mountain of debts, totalling SFr67 million. The chief of the Lega dei Ticinesi made no secret of his financial situation, when he told the Swiss press most of his debts were due to bank loans. Bignasca’s SFr67 million mountain of debts is made…

Avalanche claims one life in canton Valais

This content was published on Apr 24, 2000 An avalanche near the Great St Bernard Pass in canton Valais has claimed the life of a French skier and left two others with minor injuries.The avalanche which came down on Monday buried three off-piste skiers. The police in canton Valais said the avalanche struck at 8.40 a.m. at over 2,400 metres above-sea-level. The three…

Increasing opposition against gene-technology in agriculture

This content was published on Apr 24, 2000 There is growing opposition against genetic engineering being used in agriculture. According to a survey conducted by the World Wide Fund for Nature (WWF), just under three quarters of people interviewed rejected genetically-modified products being created in Swiss agriculture. Over one third of those asked said genetic engineering should not be used in medicine. The…

Cluster: Archive

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SAir Group gets go-ahead for Belgian airline take-over

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Swiss franc nosedives against dollar

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Zschokke shows evidence of recovery in construction industry

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Zurich bourse awaits results of merger talks

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Watch industry continues upwards trend

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Swatch Group adds Jaquet-Droz to its luxury sector

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US authorities give go-ahead for Alzheimer’s drug

More

Ticinese politician, Bignasca, has debts of SFr67 million

More

Avalanche claims one life in canton Valais

More

Increasing opposition against gene-technology in agriculture

Popular Stories

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