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Geneva hospital lodges complaint against strikers

This content was published on Nov 16, 2011 In a statement on Tuesday, the hospital management said it had taken the step because of three serious cases in the maternity ward. Due to the strike – now in its sixth day – urgent laboratory test results were not delivered on time. The hospital director, Bernard Gruson, told Swiss-French television that technicians refusing to…

Long gone

This content was published on Nov 16, 2011 Swiss photographers Stéphanie Borcard and Nicolas Métraux searched in China for abandoned and empty places and spaces. Each scene appears like a stage where the actors have just left or never appeared. The analogue pictures in black and white impart a timeless atmosphere and encourage the viewer to create his or her own story.

Can we justify luxury in today’s world?

This content was published on Nov 16, 2011 The sale shows that while some countries are facing bankruptcy, occupations are taking place in protest at the global financial system and firms are laying people off, luxury continues to fascinate and find takers. Is this normal, disturbing, disgraceful? What is your reaction?

Yellow diamond fetches SFr11.28 million at auction

This content was published on Nov 15, 2011 The pear-shaped diamond was sold by New York-based company Cora International, which discovered the rare jewel in South Africa last year. It was bought by a telephone bidder. The diamond’s value had been estimated at $11 million to $15 million. It was displayed on an international tour before going under the hammer. Gemologists rate the 110.3…

Swiss firms also face price pressures at home

This content was published on Nov 15, 2011 Many Swiss firms that export goods to the eurozone also supply parts domestically. The mechanical and electrical engineering sector is bracing itself for a flood of cheaper imports as foreign competitors take advantage of exchange rates. While the expected round of price cutting would benefit buyers of such products – and perhaps also consumers –…

Swiss banker abandons chairman ambition

This content was published on Nov 15, 2011 The move ended a month-long battle for the future leadership of the bank. The chairman role will be now filled by Paul Achleitner, German insurer Allianz’s chief financial officer, Deutsche Bank said. Ackermann, who also chairs the global banking lobby group Institute of International Finance, steps down as CEO in May 2012 after nine years…

Questions are raised after two dolphins die at a Swiss theme park

This content was published on Nov 15, 2011

Credit Suisse to integrate Clariden Leu

This content was published on Nov 15, 2011 The Swiss bank said the step was part of plans announced earlier this month to increase the contribution of its private bank to group pre-tax income by SFr800 million by 2014. It said that unspecified job losses related to the move were part of 1,500 job cuts announced across the group on November 1. “Credit…

Raising exchange rate seen as risky strategy

This content was published on Nov 15, 2011 Swiss Economics Minister Johann Schneider-Ammann has warned that the strong franc could cost 40,000 Swiss jobs. But some observers fear that raising the exchange rate ceiling could chain the central bank to potentially damaging consequences. The euro has been in free fall against the franc since the financial crisis three years ago. Fears that the…

UBS confirms Ermotti as CEO

This content was published on Nov 15, 2011 It also named former German Federal Bank president Axel Weber as its chairman from next May, replacing Kaspar Villiger, one year earlier than planned. The appointments fill a leadership vacuum after former CEO Oswald Gruebel quit the Swiss bank in September following a $2 billion (SFr1.82 billion) rogue trading scandal. “The nomination of Mr Weber…

Internal: Archive

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Geneva hospital lodges complaint against strikers

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Long gone

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Can we justify luxury in today’s world?

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Yellow diamond fetches SFr11.28 million at auction

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Swiss firms also face price pressures at home

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Swiss banker abandons chairman ambition

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Questions are raised after two dolphins die at a Swiss theme park

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Credit Suisse to integrate Clariden Leu

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Raising exchange rate seen as risky strategy

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UBS confirms Ermotti as CEO

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