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Who wants to be a Swiss banker?

This content was published on May 14, 2012 Last year, UBS and Credit Suisse slashed 7,000 global jobs between them (around 1,500 in Switzerland). UBS chief executive Sergio Ermotti expressed fears in a recent newspaper interview that 20,000 more jobs may be cut by Swiss banks in the coming years – a fifth of all current employees. “I fear there may be more…

Eurostar eyes line to Geneva

This content was published on May 14, 2012 Eurostar Chief Executive Nicolas Petrovic told the Financial Times on Monday he wanted his company, which currently carries 9.7m passengers a year, to pose a competitive challenge for airlines. Petrovic said he aimed to use the creeping liberalisation of European rail markets to launch services across western European cities like Geneva, Amsterdam, Frankfurt, Cologne, Lyon…

Novartis to probe drug approval allegations

This content was published on May 10, 2012 “We will investigate the allegations presented in the government’s report,” Novartis said in a statement. The standing Indian upper house committee on health and family welfare reviewed 39 randomly selected drugs approved by the Central Drugs Standard Control Organization (CDSCO), which oversees clinical trials and the country’s 10,000 pharmaceutical firms. In the case of 11…

Cabinet defends insurance coverage of abortions

This content was published on May 9, 2012 Interior Minister Alain Berset said money must not be a decisive factor for or against an abortion. He said the current law, legalising terminations within the first 12 weeks of pregnancy, had worked effectively. Berset said the estimated SFr8 million ($8.7 million) annual savings for insurance companies could not justify potential health hazards, legal and…

World’s largest telescope eyes Swiss funding

This content was published on May 9, 2012 The government on Wednesday gave the green light to paying five per cent of its costs, ensuring Swiss scientists would have access to the telescope, which according to the European Southern Observatory (ESO) will gather 100,000,000 times more light than the human eye. The revolutionary ground-based telescope will have a 40-metre in diameter main mirror…

IMF warns Swiss of euro debt “headwinds”

This content was published on May 9, 2012 Last September the SNB set a floor value of SFr1.20 against the euro as safe-haven flows drove up the value of the currency, hurting the export-driven Swiss economy. In its annual review of Switzerland the IMF said the currency cap was “appropriate in light of the slow pace of activity and remaining deflation risks” but…

New app to monitor stress

This content was published on May 6, 2012

Emmi surrenders “Gruyère” label in US

This content was published on May 4, 2012 Le Gruyère AOC, representing more than 170 producers of the famous cheese, said on Friday it was satisfied with the decision, saying Emmi was taking its responsibility seriously and was showing respect towards a native quality product. Le Gruyère AOC had previously criticised the Emmi dairies for damaging the special origin label. Last month, the…

Around the world in a solar boat

This content was published on May 4, 2012 The “PlanetSolar” catamaran toured across the US, the Panama Canal, Australia, Singapore, Hong Kong and the Persian Gulf.

Businesses gaining confidence as demand rises

This content was published on May 4, 2012 The KOF Business Tendency survey conducted by the Federal Institute of Technology Zurich (ETHZ) found that top managers are less sceptical than they were at the beginning of the year. In the industrial sector, the downward trend noted a few months ago has not worsened. Declines in orders have slowed down and businesses no longer…

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Who wants to be a Swiss banker?

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Eurostar eyes line to Geneva

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Novartis to probe drug approval allegations

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Cabinet defends insurance coverage of abortions

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World’s largest telescope eyes Swiss funding

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IMF warns Swiss of euro debt “headwinds”

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New app to monitor stress

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Emmi surrenders “Gruyère” label in US

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Around the world in a solar boat

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Businesses gaining confidence as demand rises

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