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Kraft opens new centre near Nestlé

This content was published on Oct 5, 2010 “This is our only research and development centre in Switzerland,” Laurie Guzzinati, a company spokeswoman said. The SFr13.5 million ($13.95 million) office is located in Eysins, canton Vaud, about 60km away from one of its main competitors, Nestlé. There are currently 35 workers at the Kraft facility, but the number should increase to 60 in…

Science historian wins Latsis Prize

This content was published on Oct 5, 2010 The prestigious award, worth SFr100,000 ($97,000), is presented each year by the National Science Foundation (SNF) to a research scientist under the age of 40 working in Switzerland. Using methods from the field of cultural studies, 38-year-old Sommer – who studied both biology and English literature and linguistics at Zurich University – examines how the…

Drug discontinuation costs Novartis $590m

This content was published on Oct 5, 2010 But it added that the charge would be partially offset by a $390 million gain to be booked in the fourth quarter from its divestment of overactive bladder treatment Enablex to Warner Chilcott. Novartis said in a statement it was stopping Mycograb, an antifungal agent, resulting in a charge of about $360 million. The Basel-based…

Strong Swiss franc alarms unions and exporters

This content was published on Oct 5, 2010 The franc has appreciated by ten per cent against the euro since the start of 2010, much to the disquiet of unions and exporters. But economists say the impact of a strong franc on Swiss firms is not black or white. At the beginning of September the Swiss logistics firm Stöcklin, based in Dornach, south…

Swiss banking regulation leads the field

This content was published on Oct 5, 2010 The G20 meeting of the world’s most influential nations has yet to agree on the Basel III proposals, let alone impose more stringent rules to protect economies from collapsing banks. Individual countries are also plotting their own regulatory course. In the midst of the uncertainty, Swiss banks UBS and Credit Suisse say they can meet…

Alstom announces major job cuts

This content was published on Oct 4, 2010 The French company announced the decision on Monday, blaming the impact of the economic crisis on the coal and gas plant equipment markets. Germany and the United States are the other two countries earmarked for substantial staff cutbacks. Alstom said the cost-saving measures “would be implemented in Europe and North America where the new equipment…

Swiss banking regulation leads the field

This content was published on Oct 4, 2010 The G20 meeting of the world’s most influential nations has yet to agree on the Basel III proposals, let alone impose more stringent rules to protect economies from collapsing banks. Individual countries are also plotting their own regulatory course. In the midst of the uncertainty, Swiss banks UBS and Credit Suisse say they can meet…

Swiss banks get stricter rules than Basel III

This content was published on Oct 4, 2010 The government’s “too big to fail” commission said on Monday that the move would limit the risk that a bank failure would drag down the economy. The commission was set up in the wake of the financial crisis and the government bail-out of the troubled bank UBS in 2008. Made up of top regulators, bank…

Farmers still afraid of the big bad wolf

This content was published on Oct 3, 2010 According to a poll conducted for the nature protection organisation WWF, around three-quarters of the Swiss population are in favour of wolves returning to Switzerland, but the House of Representatives voted on Thursday for a motion that would reduce the wolf’s protected status. The decision was taken during an impassioned session at which no fewer…

Rich rewards expected from China trade treaty

This content was published on Oct 1, 2010 A feasibility study suggests that Swiss gross domestic product (GDP) could be boosted by 0.23 per cent and industry could make annual savings of around SFr290 million ($297 million) as trade barriers are lifted. Encouraged by the positive findings of the study, which suggested mutual benefits for both partners, the Swiss cabinet on Friday officially…

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Kraft opens new centre near Nestlé

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Science historian wins Latsis Prize

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Drug discontinuation costs Novartis $590m

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Strong Swiss franc alarms unions and exporters

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Swiss banking regulation leads the field

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Alstom announces major job cuts

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Swiss banking regulation leads the field

More

Swiss banks get stricter rules than Basel III

More

Farmers still afraid of the big bad wolf

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Rich rewards expected from China trade treaty

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