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Glacier Express driver guilty of negligence, homicide

This content was published on Mar 7, 2011 The man, convicted of homicide and negligently causing injury, was also ordered to pay SFr500. Besides the Japanese woman who died, more than 40 people were injured in the derailment of the popular tourist train on July 23. The train was going 20km/h above the 35km/h speed limit when the accident occurred. Investigations into the…

Kuoni announces British acquisition

This content was published on Mar 7, 2011 Kuoni said on Monday it will pay $720 million (SFr660 million) for GTA which would be financed through a new credit facility worth SFr600 million. It will also look to raise an additional SFr250 million via a discounted share offer from the privately-owned US-based Travelport. “In acquiring GTA, Kuoni is investing in one of the…

Swiss private banker questioned in US

This content was published on Mar 6, 2011 A spokeswoman for the bank confirmed to the Swiss news agency a report in the SonntagsZeitung newspaper that the man had been “lured into a trap” by the FBI in October 2010 when he was in Miami on his way to a congress in the Bahamas. He admitted the attempted laundering to the investigators and…

Alpine traffic faces uphill challenge

This content was published on Mar 5, 2011 swissinfo.ch spoke to an environmental organisation calling for a cap-and-trade Alpine Crossing Exchange, a road hauliers’ association which says this would cause “massive economic damage” and the transport ministry, which is stuck in the middle. On Thursday the transport ministry reported that in 2010 the number of trucks using Alpine roads had risen by 77,000…

UBS chief waives bonus for 2010

This content was published on Mar 4, 2011 Oswald Grübel, who helped UBS return to a profit last year for the first time since the start of the financial crisis, will not draw on bonus payments he was entitled to for 2010, the bank said on Friday. His base annual salary is the same as when he joined the company in February 2009,…

New Einstein letters to go online at ETH

This content was published on Mar 4, 2011 The letters, which have been bequeathed to the ETHZ, were sent by Einstein to his university friend Jakob Ehrat and Ehrat’s mother Emma in the early 1900s. A letter to Emma Ehrat-Ühlinger in 1903 reveals that she had been upset by Einstein’s phrase “regards to your old lady”. In it he explains that the proper…

US authorities charge Swiss banker in California

This content was published on Mar 4, 2011 Steven Kobayashi is accused by the United States Securities and Exchange Commission of misappropriating $3.3 million (SFr3.1 million). In a parallel action the US Attorney’s Office for the Northern District of California filed criminal charges against Kobayashi arising from some of the same alleged misconduct. An SEC statement said his scheme included cheating investors in…

Central bank posts loss of almost SFr20 billion

This content was published on Mar 3, 2011 The stability fund, the fund with toxic assets from Swiss bank UBS, made up for some of the hefty losses from the SNB’s currency interventions and recorded a profit of SFr2.6 billion. The SNB and its chairman Philipp Hildebrand have come under fire over the losses on the currency reserves, built up during interventions that…

Russian subs plumb depths of Lake Geneva

This content was published on Mar 3, 2011 The elemo project, coordinated by the Federal Institute of Technology in Lausanne (EPFL), will bring together researchers from around the world to explore the lake’s abysses with the aim of better understanding and protecting it. “Our lake is special – and not just because of its beauty,” Andrew Barry, professor of ecological technology at EPFL…

Designer bodies

This content was published on Mar 2, 2011 The 81st Geneva Motor Show opens this week with the usual media hype and plenty of new bodywork to admire, and even more under the hood. Mass-market carmakers are once again promoting green technologies, claiming it will help them weather the impact of skyrocketing fuel prices, while less humble sportscar makers continue to flaunt their…

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Internal: Archive

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Glacier Express driver guilty of negligence, homicide

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Kuoni announces British acquisition

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Swiss private banker questioned in US

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Alpine traffic faces uphill challenge

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UBS chief waives bonus for 2010

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New Einstein letters to go online at ETH

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US authorities charge Swiss banker in California

More

Central bank posts loss of almost SFr20 billion

More

Russian subs plumb depths of Lake Geneva

More

Designer bodies

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