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The Solidarity Chain announces record donations

This content was published on Jan 10, 2000 The Swiss Broadcasting Corporation’s Solidarity Chain has announced record donations of SFr130 million over the past 15 months to help survivors of natural disasters such as Hurricane Mitch. The announcement comes as a new team of directors takes over at the helm of the charity. The Solidarity Chain organised five campaigns for victims of natural…

Swiss franc remains near lows against euro

This content was published on Jan 10, 2000 The Swiss franc remained near its recent lows against the euro, which bought 1.6090 francs in trading on Monday. Dealers are expecting continued strength in the European single currency over the next few sessions. However, the euro-franc story since the single currency’s introduction one year ago has been one of stability. It is this stability…

Cause of Crossair crash still unknown

This content was published on Jan 10, 2000 The cause of Monday’s aircrash near Zurich airport remains a mystery. The search for the flight recorders is resuming this morning. Seven passengers and three crew members died in the accident Efforts to find the black boxes of the Crossair plane near the village of Niederhasli were called off as darkness fell on Tuesday evening.…

The business week ahead

This content was published on Jan 9, 2000 Business on the Swiss market is expected to pick up this week, following the Christmas and New Year holidays. Attention will continue to focus on the US dollar, which fell last week on fears that interest rates are set to climb in Europe. On Wednesday, all eyes will be on the Bank of England, which…

Switzerland sounds alarm over Listeria

This content was published on Jan 9, 2000 The Swiss authorities have ordered butchers in two cantons to remove pork imported from the French company, Coudray, from their shelves, over fears they may be contaminated with listeria. The authorities ordered the removal of French pork products from butcher shops in cantons Geneva and Vaud, after an elderly man and an unborn baby died…

Swiss wine industry in need of new image

This content was published on Jan 8, 2000 Swiss wine makers are being urged to overhaul their image, after a new study found that Swiss wine is little known, badly marketed, and rapidly falling from favour among younger drinkers. The results of the survey of 3000 wine drinkers in Switzerland paint a dismal picture of the country’s wine industry. The overiding impression is…

Drug deaths fall to new 12 year low

This content was published on Jan 8, 2000 The number of deaths from drug overdoses in Switzerland has fallen below 200 for the first time since 1987. Some experts believe Switzerland’s controversial drugs policy is responsible for the drop; others say it is simply because heroin use is falling. A survey of 25 Swiss cantons revealed that drug deaths in 1999 fell to…

The business week in Switzerland

This content was published on Jan 8, 2000 A volatile week on Zurich’s financial market, further indications of economic recovery and a new offensive for customers in the telecommunications industry marked the last seven days in the business world in Switzerland. – The SMI, the blue chip index on the Swiss stock exchange, lost four per cent of its value when it reopened…

Inquiry launched into $40 million fraud

This content was published on Jan 7, 2000 The United States investment bank, Merrill Lynch, has opened an investigation into a $40 million fraud involving a Swiss bank, according to the Financial Times newspaper. The case reportedly involves a UBS branch in Geneva. The money reportedly belonged to one of the company’s largest clients, the Egypt-based Arab International Bank, AIB, according to the…

US businessman buys Swiss luxury watch maker Corum

This content was published on Jan 7, 2000 A United States businessman, Severin Wundermann, is taking over the Swiss luxury watch brand Corum, which is based in the western town of La Chaux-de-Fonds. Wundermann, who for the last 25 years has been at the head of Gucci Timepieces, has bought 90 per cent of the company in his own name for an undisclosed…

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The Solidarity Chain announces record donations

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Swiss franc remains near lows against euro

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Cause of Crossair crash still unknown

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The business week ahead

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Switzerland sounds alarm over Listeria

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Swiss wine industry in need of new image

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Drug deaths fall to new 12 year low

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The business week in Switzerland

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Inquiry launched into $40 million fraud

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US businessman buys Swiss luxury watch maker Corum

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