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Switzerland and Europe – to infinity and beyond

This content was published on Dec 4, 2012 When mankind first stepped onto the moon in 1969, Switzerland was there too. The astronauts Neil Armstrong and Buzz Aldrin were of course Americans, but the first scientific experiment they carried out on the moon was a Swiss one. The two space scientists unfurled a solar screen to capture particles emitted by the sun. That…

Independence confirmed of nuclear watchdog

This content was published on Dec 3, 2012 Nevertheless, internal procedures should be optimised, according to the report, published on Monday. “The Ensi board has full confidence in the Ensi management and staff,” said Anne Eckhardt, president of the Ensi board. The result, she added, showed that the watchdog could perform its function effectively. “No evidence was found that Nagra manipulated the sectoral…

Consumers ready to spend more at Christmas

This content was published on Dec 3, 2012 Consumers intend to spend SFr996 ($1,076) this season compared with SFr955 laid out last year, the Swiss Christmas Retail Survey 2012 showed. “This uplift in the Christmas budget is mainly due to a planned increase in spending on gifts,” Deloitte wrote. Only a third of consumers in Switzerland consider that they have lower spending power,…

Swiss still prefer bilateral accords with EU

This content was published on Nov 30, 2012 Interviews across the country with 1,206 Swiss citizens indicate that the majority believe neither the European Economic Area (EEA) nor EU membership are alternatives to the present bilateral approach. In the new survey by the gfs.bern polling institute for the Swiss Broadcasting Corporation, 54 per cent of those questioned said the EEA ‘no vote’ had…

Swiss rich just keep on getting richer

This content was published on Nov 30, 2012 Ikea founder Ingvar Kamprad remained top of the rich list compiled by the Bilanz business magazine, with an estimated fortune of SFr38-39 billion. But his SFr3 billion growth in wealth paled in comparison with brewery investor Jorge Lemann, whose fortune doubled to SFr18 billion. Bilanz put the 6.5 per cent growth in collective wealth mainly…

The unfinished job of Swiss feminists

This content was published on Nov 29, 2012 swissinfo.ch spoke to one of the authors, Silvia Ricci Lempen, who explains that although feminism, like other collective movements, has left the streets and entered the realm of theory, this is a necessary tool on the path to full equality. Geneva-born Emilie Gourd founded the review in 1912 to campaign for women’s rights. The periodical…

WHO proposes workaround to deal with strong franc

This content was published on Nov 28, 2012 Three-quarters of WHO salaries are paid in francs while most states’ contributions are made in US dollars, which has been struggling against the Swiss currency. The body has therefore suggested its members pay at least half of their contributions in Swiss francs rather than in dollars. One US dollar is currently worth 93 Swiss cents.…

German minister stalls airport accord

This content was published on Nov 27, 2012 Peter Ramsauer announced on Monday that Germany still wants to discuss “open questions” not covered by the agreement, which was struck by the two governments in July after five rounds of negotiation. The agreement remains especially controversial in the southern German state of Baden-Württemberg which experiences the most noise from airplanes approaching Zurich. Politicians from…

Pictet joins list of banks investigated by US

This content was published on Nov 26, 2012 The bank said in a statement that the department had made a “general inquiry” into its wealth management business. It added that it would cooperate fully with the US authorities. “Pictet has made it a priority to ensure that its business with US clients complies with all the relevant laws and regulations governing its conduct,”…

Financial watchdogs find failings at UBS

This content was published on Nov 26, 2012 The British Financial Services Authority also announced on Monday that it was imposing a £29.7 million (SFr44.2 million) fine on UBS for “systems and controls failings”. The Swiss Financial Market Supervisory Authority (Finma) launched an investigation with Britain’s financial regulator in September last year to review the control mechanisms at the bank that led to…

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Switzerland and Europe – to infinity and beyond

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Independence confirmed of nuclear watchdog

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Consumers ready to spend more at Christmas

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Swiss still prefer bilateral accords with EU

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Swiss rich just keep on getting richer

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The unfinished job of Swiss feminists

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WHO proposes workaround to deal with strong franc

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German minister stalls airport accord

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Pictet joins list of banks investigated by US

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Financial watchdogs find failings at UBS

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