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Lake Geneva study exposes micropollutant risks

This content was published on Apr 6, 2012 Scientists say there is no need to be alarmed but warn of potential long-term risks. Some 15 per cent of Switzerland’s wastewater is discharged, after treatment, directly into lakes. The Swiss Federal Institute for Environmental Science and Technology (Eawag) carried out the study, published on the Frontiers in Microbiology website, to learn more about multi-resistant…

Cern scientists break energy level record

This content was published on Apr 5, 2012 Researchers at the European Organization for Nuclear Research (Cern) say the $10 billion (SFr9.2 billion) Large Hadron Collider in a 27-kilometre tunnel under Geneva has begun operating at eight trillion electron volts, greater than any previous physics accelerator. Steve Myers, a director of accelerators and technology at Cern, said two proton beams were brought into…

Switzerland rated among best-networked nations

This content was published on Apr 5, 2012 The Geneva-based forum’s index tries to measure a country’s capacity to make the most of new internet technologies. Switzerland does well because of a favourable political environment, innovation, good infrastructure, above-standard technical training at its universities as well as high usage of information technology by consumers and businesses. The United States is ranked eighth, ahead…

No let-up in US fight against tax evasion

This content was published on Apr 4, 2012 But this measure does not mean the US is softening its hard line towards the Swiss banks or that the Obama administration has revised its priorities. The Bloomberg news agency reported on March 27 that the US Justice Office has reduced the number of investigators and prosecutors in its fiscal service by 30 per cent.…

Tamedia profits rocket after takeover

This content was published on Apr 4, 2012 Revenue at the Zurich-based group rose by nearly a half to SFr1.1 billion. Tamedia on Wednesday said that its 2011 figures were boosted by the integration of those of Lausanne’s Edipresse group, whose sales alone were worth SFr384.4 million. Earnings before interest and tax grew 48.9 per cent to SFr168.8 million. Digital media, boosted by advertising…

Besieged economy sends out mixed signals

This content was published on Apr 4, 2012 Forecasters have upgraded growth predictions this year having been surprised by the resilience of the economy against a variety of shocks. Some industry groups, however, remain to be convinced. Last month the State Secretariat for Economic Affairs (Seco) sounded a more optimistic note by predicting 0.8 per cent gross domestic (GDP) growth for this year.…

ZFS changes name to Zurich Insurance Group

This content was published on Apr 4, 2012 The name change was approved at the group’s annual general meeting on March 29. In a statement the group explained the rationale behind the move. “Over the last years Zurich has streamlined its business portfolio to concentrate on insurance,” it said. “In recognition of this strategic focus, the reference to financial services in the company…

Germany denies strained Swiss relations

This content was published on Apr 2, 2012 It insisted on Monday that the incident illustrated the need to get a stalled deal on tax evasion approved. Germany’s centre-left opposition condemned the Swiss move when word of it emerged over the weekend. It is part of an investigation into German authorities’ 2010 purchase of a compact disc containing data on suspected tax cheats.…

Employers want flexible labour market

This content was published on Apr 2, 2012 The association said on Monday that the number of employees increased 0.6 per cent last year and that unemployment remained low compared with other countries – reason enough not to change Switzerland’s labour laws. Its president Valentin Vogt added that this was the result of an open and flexible job market. The employers also rejected…

UBS France accused of abetting tax evasion

This content was published on Apr 1, 2012 Antoine Peillon’s new book claims that the Swiss bank’s employees secretly sought out customers to convince them to hide their money outside the country. “These employees were selling a turnkey solution for tax evasion, including legal advice, transporting money, and almost always the creation of a dummy company in some exotic tax paradise,” writes the…

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Lake Geneva study exposes micropollutant risks

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Cern scientists break energy level record

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Switzerland rated among best-networked nations

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No let-up in US fight against tax evasion

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Tamedia profits rocket after takeover

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Besieged economy sends out mixed signals

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ZFS changes name to Zurich Insurance Group

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Germany denies strained Swiss relations

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Employers want flexible labour market

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UBS France accused of abetting tax evasion

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