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BMW under investigation for unfair practices

This content was published on Oct 26, 2010 Comco says on its website that it launched its inquiry on Monday to determine whether the BMW group had violated competition laws by dividing up markets among its distributors. It says it has received information that the group had forbidden its distribution partners in the European Economic Area (EEA) – the European Union and Iceland,…

Wealthy return, but profits lost at UBS

This content was published on Oct 26, 2010 For the first time since the beginning of 2008, wealthy clients brought more assets to the bank than they withdrew. But the third quarter figures for 2010 also revealed a significant slide in group profits. UBS has been inching towards a sustainable recovery this year after losing some SFr50 billion ($51 billion) in financial crisis…

UBS reports third-quarter profit of SFr1.66bn

This content was published on Oct 26, 2010 Tuesday’s results beat analysts’ expectations for what had been predicted to be a weak quarter. The Zurich-based bank, which posted a net loss of SFr564 million (then $542 million) in the same period of 2009, also said it saw a net inflow of deposits from wealthy customers during the third quarter for the first time…

The rise and fall of a silk empire

This content was published on Oct 25, 2010 Silks from Gustav Zumsteg’s Abraham company in Zurich were loved by designers such as Yves Saint Laurent for being bold, beautiful and glamorous.

Trainees put a stamp on their post office

This content was published on Oct 25, 2010 To coincide with an annual apprenticeship conference of representatives from the federal and cantonal authorities and labour organisations, swissinfo.ch visited one such post office in the town of Biel. It is a real challenge for the 17 to 19-year-old retail apprentices. They carry out all the tasks, organise and run the office all by themselves.…

A touch of glamour

This content was published on Oct 25, 2010 The company’s fabrics were beloved by Haute Couture designers such as Yves Saint Laurent and Cristobal Balenciaga. Its success was largely down to its director Gustav Zumsteg, a man of vision and drive, but the firm did not outlive him. Abraham’s archive is now on show at the Swiss National Museum. (Images: Swiss National Museum)

US wants to throw out case against UBS

This content was published on Oct 24, 2010 UBS, which paid a penalty of $780 million in February 2009, had admitted it helped wealthy US clients evade taxes. In a filing in the US district court in Fort Lauderdale, Florida, prosecutors said UBS had complied with an 18-month accord to defer prosecution, after helping roughly 17,000 clients with $20 billion of assets hide…

Keeping the Dead Sea alive

This content was published on Oct 23, 2010 The region’s inhabitants draw too much water from the local rivers, leaving an insufficient amount to compensate for evaporation from the famous lake. Tourists travelling to the Dead Sea from Jerusalem are always surprised to see how the road leads downhill. There is an almost 1,100-metre difference in altitude between the city and the sea.…

Nestlé posts strong third quarter

This content was published on Oct 22, 2010 The company said on Friday that there was growth across the board, but in particular there had been strong demand in emerging markets and its thriving Nespresso coffee business. Sales at Nestle’s core food and beverages unit – which makes Nescafé coffee, KitKat chocolate bars and Maggi soups – were up SFr77 billion. The figures…

Law complicates hunt for online paedophiles

This content was published on Oct 22, 2010 A new federal code that bans certain types of undercover investigations takes effect in 2011. When it does, police say they will have to wait until a child becomes a victim before they can act—an “absolutely unacceptable” situation. “Paedophiles are in chatrooms all the time, that’s a fact unfortunately,” Thomas Werner, an officer with the…

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BMW under investigation for unfair practices

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Wealthy return, but profits lost at UBS

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UBS reports third-quarter profit of SFr1.66bn

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The rise and fall of a silk empire

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Trainees put a stamp on their post office

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A touch of glamour

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US wants to throw out case against UBS

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Keeping the Dead Sea alive

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Nestlé posts strong third quarter

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Law complicates hunt for online paedophiles

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