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Credit Suisse boss bemoans tough market

This content was published on Aug 22, 2011 The expected upturn in the financial markets has failed to materialise this year as the global economy experiences yet more setbacks. Credit Suisse is one of a number of international banks to disappoint with recent results. “Low interest rates and the strong franc are applying pressure on our earnings,” Dougan told the Neue Luzerner Zeitung…

Strong franc hurts Swiss sales in the US

This content was published on Aug 21, 2011 The situation has become so difficult for some distributors that they have reduced their “Made in Switzerland” selection rather than have expensive products gathering dust on shelves. “Small and medium-sized businesses which import 100 per cent Swiss-made articles with high production costs such as cheese or chocolate have suffered the most from the exchange rate,”…

Corporate bribe money frozen

This content was published on Aug 21, 2011 The Federal Prosecutor’s Office told the newspaper on Sunday that the funds were deposited in Swiss accounts over the past four years by multinational companies for the purpose of bribing officials around the world to secure contracts. A spokesman for the Prosecutor’s Office confirmed the information to the Swiss News Agency. The bribes came…

Mud flies over direction of green technology

This content was published on Aug 19, 2011 All sides agree that Swiss industry should beef up its production of green technologies. But while the cleantech sector would welcome tougher environmental controls, the wider business community rejects such a course. At the crux of the argument are proposed new laws cutting Swiss carbon dioxide emissions by 20 per cent by 2020. The legislation,…

Close encounters of the Swiss kind

This content was published on Aug 19, 2011 What might alien life forms look like and how might we find them? An exhibition in Zurich sheds light years on the issue.

“We’re all really interested in whether we’re alone”

This content was published on Aug 19, 2011 “We’re all really interested in whether we’re alone” Dr Jonathan Coles, a physicist from Zurich University’s Institute for Theoretical Physics, talks to swissinfo’s Thomas Stephens about “Beyond Bug-Eyed Monsters”, an exhibition that examines what alien life forms might look like and how we might find them. He begins by explaining why he helped organise the…

Confusion reigns over SFr2 billion bailout

This content was published on Aug 18, 2011 With individual enterprises clamouring for tax breaks and temporary low interest loans, there are fears that the package could distort competition or fail to hit the right targets. Economics Minister Johann Schneider-Ammann announced the cash injection on Wednesday in response to the export and tourism sectors complaining about the negative effects of the strengthening franc.…

Madoff trustee demands $2 billion from UBS

This content was published on Aug 18, 2011 Irving Picard on Wednesday accused the Swiss bank of misleading regulators in the United States and Luxembourg about its ties to Madoff, while helping feeder funds funnel their clients’ money into his Ponzi scheme. The Ponzi scheme being run at Bernard L. Madoff Investment Securities was uncovered in December 2008. Madoff, 73, is now serving…

The healing touch

This content was published on Aug 18, 2011 Traditional Chinese Medicine (TCM) offers patients a different approach to healing, which now has many adepts in the West as well. The doctor helps the patient to mobilise his or her own instincts to find the way to health. (swissinfo.ch, Dahai Shao, Xudong Yang)

Supergene secret to beautiful butterfly mimicry

This content was published on Aug 17, 2011 The results of a joint study conducted by scientists at Fribourg University, Exeter University in Britain and the Museum of Natural History in Paris were published on Wednesday in Nature magazine. By studying an Amazonian butterfly, the Heliconius Numata, scientists discovered three chromosome types which correspond to three different mimicries. They showed that during evolution…

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Credit Suisse boss bemoans tough market

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Strong franc hurts Swiss sales in the US

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Corporate bribe money frozen

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Mud flies over direction of green technology

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Close encounters of the Swiss kind

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“We’re all really interested in whether we’re alone”

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Confusion reigns over SFr2 billion bailout

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Madoff trustee demands $2 billion from UBS

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The healing touch

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Supergene secret to beautiful butterfly mimicry

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