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Tax deal with Germany outlined

This content was published on Oct 21, 2010 The details could be finalised by the end of the month according to Michael Ambühl, a top Swiss negotiator for international financial matters. “There are no concrete figures yet but we have agreed with Germany on principles and formulas which have to be fleshed out in negotiations,” Ambühl said in Thursday’s Tages-Anzeiger newspaper. Ambühl said…

Unemployment aid could be better coordinated

This content was published on Oct 21, 2010 In a study published on Thursday, the OECD found that Switzerland had an efficient labour market policy with generous transfer payments and relatively high spending for its unemployment measures. Yet the study recommended that the federal government do more to optimise the efforts of the cantonal placement offices and the individual employment agencies. The study…

Smaller private banks tipped to struggle

This content was published on Oct 21, 2010 The Swiss wealth management industry is being squeezed by the global crusade against tax evasion, the growing cost of regulatory compliance and shrinking profits as investors exercise more caution. Swiss banks suffered the same as competitors around the world during the financial crisis, with the pool of assets under management shrinking by nearly a fifth…

Recovery continues at Oerlikon

This content was published on Oct 21, 2010 Compared with the same period of the previous year, order intake during the first nine months of 2010 rose 39 per cent to 3.2 billion – despite a negative impact by currency exchange rates of SFr131 million. Oerlikon manufactures a range of products from coating used in Formula One racing cars to machines used to…

Novartis profit rises to $3.15 billion

This content was published on Oct 21, 2010 The $3.15 billion (SFr3.04 billion) net profit is up from $2.68 billion in the same period of 2009. The Basel-based company said sales had increased 13 per cent to $12.6 billion from $11.1 billion a year earlier. Novartis said sales and earnings would have been higher if not for the weak US dollar. The company…

Credit Suisse profit drops on sluggish trading

This content was published on Oct 21, 2010 This is a 74 per cent drop from the SFr2.35 billion net profit it reported in the same period of 2009 and far below analysts’ expectations. The Zurich-based bank said on Thursday that given “challenging conditions” the results were “solid” and forecast higher returns as markets improve. Investment banking pre-tax income fell to SFr395 million…

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Time takes its toll on old Swiss language

This content was published on Oct 20, 2010 They used dialects of the language group now known as Franco-Provençal, which today have all but disappeared. Scholars are working against the clock to gather information about them, while enthusiasts are doing their best to keep the flame alive. Traditionally there has been something of the idea that these dialects, commonly referred to as patois,…

Minimum wage set for domestic workers

This content was published on Oct 20, 2010 Workers who have a qualification gained after two years of study should be paid SFr22, they said. These new wages will go into effect starting on January 1, 2011 as part of a new standard employment contract. The legislation had been recommended by the federal commission set up to examine issues surrounding legislation on the…

Flu campaign launched a year after H1N1 panic

This content was published on Oct 20, 2010 The consumer protection watchdog said it supported the health office but wanted to see figures on the efficacy of vaccinations. In August the government declared the 2009 flu pandemic, a global outbreak of a new strain of H1N1 influenza virus, officially over. The media reaction and logistical problems had been large; the spread of the…

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Tax deal with Germany outlined

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Unemployment aid could be better coordinated

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Smaller private banks tipped to struggle

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Recovery continues at Oerlikon

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Novartis profit rises to $3.15 billion

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Credit Suisse profit drops on sluggish trading

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ABRAHAM_SILK_ORIGINAL

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Time takes its toll on old Swiss language

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Minimum wage set for domestic workers

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Flu campaign launched a year after H1N1 panic

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