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WEF reform message likely to fall on deaf ears

This content was published on Jan 25, 2012 But critics doubt whether the global elite gathered in Davos will seriously entertain the idea of transforming the current systems of governance and business to spread power and wealth more evenly. WEF founder Klaus Schwab has warned that the world risks sinking into “dystopia”, dragged into the abyss by a “morality gap” of inequality that…

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Roche banking on DNA diagnosis

This content was published on Jan 25, 2012 Roche reckons the deal will accelerate routine clinical use of DNA testing. The Basel-based holding added that buying Illumina would strengthen Roche’s position in diagnostics because the companies’ technologies are complementary. Roche’s planned tender offer of $44.50 per share would represent an 18 per cent premium over Tuesday’s closing price of $37.69 for Illumina shares.…

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Profits drop at Novartis

This content was published on Jan 25, 2012 Fourth-quarter sales rose eight per cent to $14.781 billion, helped by demand for some of its newest products, such as eye drug Lucentis and cancer medicine, Tasigna. However net profit was down by 47 per cent for the period to $2.32 billion, after the decision to end a clinical study into the wider uses of…

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Petroplus to file for insolvency

This content was published on Jan 24, 2012 The group has been put on notice to pay off its debts, triggering its default on $1.75 billion (SFr1.62 billion) of senior notes (senior debt), and convertible bonds. “The primary goal of Petroplus’ Board of Directors is to ensure that operations are safely shut down and to preserve value for all stakeholders,” Petroplus said in…

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Swiss tax system needs reform says OECD

This content was published on Jan 24, 2012 The OECD’s latest economic survey for Switzerland criticised what it said were “unusually high” personal income taxes and “generous provisions” which allow for interest payments on household debt to be tax deductible. “The Swiss tax system is heavily geared towards the taxation of household income which is more harmful to economic activity than taxation of…

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Saline Joniche: un progetto controverso * ORIGINAL *

This content was published on Jan 24, 2012 Il progetto fa discutere. Gli ambientalisti e molte associazioni locali criticano la scelta del carbone per le possibili conseguenze sul clima e sull’ambiente. La Repower mette in primo piano i problemi di approvvigionamento energetico e assicura che il progetto è all’avanguardia anche dal punto di vista ambientale (immagini: Andrea Tognina / Repower)

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OECD gives Switzerland good economic marks

This content was published on Jan 24, 2012 In its annual economic survey of the country, the OECD warned, however, that economic indicators pointed to a period of stagnation in the near term, particularly in manufacturing. This was related to decelerating activity in trading partners and the appreciation of the Swiss franc, it said on Tuesday. While noting that the strong franc was…

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5,000 soldiers to guard WEF

This content was published on Jan 24, 2012 The army will be supporting the civil authorities both on the ground and in the air during the meeting of world business and political leaders, which is due to start in the resort of Davos on Wednesday. The snow is already posing a challenge. “We have never had so much snow, we’ve had some problems,”…

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Fibre optic standards simplify networking

This content was published on Jan 24, 2012 Nothing stands in the way of fibre-optic network development in Switzerland after the completion of roundtable talks between the country’s different stakeholders. According to the Federal Communications Commission (ComCom), technical standards have been set and contracts between Swisscom – the country’s biggest telecommunications provider – and utilities are being adapted to allow access for all service providers.…

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Daily WEF update

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WEF reform message likely to fall on deaf ears

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Roche banking on DNA diagnosis

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Profits drop at Novartis

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Petroplus to file for insolvency

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Swiss tax system needs reform says OECD

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Saline Joniche: un progetto controverso *** ORIGINAL ***

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OECD gives Switzerland good economic marks

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5,000 soldiers to guard WEF

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Fibre optic standards simplify networking

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Saline Joniche: un progetto controverso * ORIGINAL *