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Canada probes HSBC bank accounts in Switzerland

This content was published on Oct 1, 2010 Authorities are looking into accounts obtained from a former HSBC worker who allegedly stole the records from the bank and handed them over to investigators. Canadian tax authorities are working with the French investigators. “This is just another example of how our government is taking action to crack down on people who unfairly exploit offshore…

Switzerland is a “star of the recovery show”

This content was published on Oct 1, 2010 The academic, who teaches at Harvard and the London School of Economics, was in Geneva on Thursday for the presentation of the Latsis Prize, one of the most renowned research accolades in Switzerland. Ferguson, who describes himself as a “liberal fundamentalist”, gave a talk at Geneva University on “Power and Finance – the political consequences…

Life at the tunnel face

This content was published on Oct 1, 2010 Austrian father-of-three Gerhard Fürpass, aged 45, is one of them and he tells swissinfo.ch about the highs and lows of working on the massive underground project. “I have been a tunnel miner for 25 years. Since 2002 I have been working on the AlpTransit construction site at the Gotthard Base Tunnel, first in Bodio and…

Calls for organ donation to shift to young

This content was published on Sep 30, 2010 But not everyone agrees with Franz Immer, head of national organ association Swisstransplant. Critics are worried about unethical selection and discrimination. In a working paper for health experts and politicians published last week, Immer said that since demand for organs still outstrips supply in Switzerland – as it does around the world – giving a…

Novartis to pay high price after US probe

This content was published on Sep 30, 2010 As part of the settlement its US subsidiary, Novartis Pharmaceuticals Corporation, will plead guilty to one violation of misbranding under the US Food, Drug and Cosmetic Act and pay a fine of $185 million for Trileptal. The remainder is to resolve civil allegations, Zane Memeger, the US Attorney for the Eastern District of Pennsylvania, told…

UBS announces no dividends for some time

This content was published on Sep 30, 2010 The Basel Committee on Banking Supervision said it will require lenders to have common equity capital equal to at least 4.5 per cent of assets and will introduce an additional 2.5 per cent buffer. Europe’s largest wealth manager by assets said on Thursday it had no plans to raise capital but would take steps to…

ABB pays dearly for alleged kickbacks

This content was published on Sep 30, 2010 ABB was accused of paying kickbacks to secure contracts in two separate cases in Iraq and Mexico between 1999 and 2004. The firm neither admitted nor denied the charges, but said it was tightening up compliance procedures. The US regulator, the Securities and Exchange Commission (SEC), alleged that ABB made illegal payments of at least…

Executive pay continues to confound

This content was published on Sep 30, 2010 However, another survey produced earlier this year painted a rather darker picture, with the financial sector in particular being accused of excessively inflating executive pay and failing to fully disclose compensation policies. In the background lurks a possible national vote on executive pay and a separate ongoing campaign to persuade more top companies to give…

Solar energy

This content was published on Sep 29, 2010 Solar cells, a sun-powered stadium, plane, boat and even a submarine.

Solar boat heads into the sunset

This content was published on Sep 29, 2010 The MS TÛRANOR PlanetSolar left the port of Monaco on Monday. The project is aimed at raising awareness of solar mobility and renewable energies. Swiss project founder and crew member, Raphaël Domjan, told swissinfo.ch from onboard the catamaran that the boat was making excellent progress. “On the whole, after six years of work, it is…

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Canada probes HSBC bank accounts in Switzerland

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Switzerland is a “star of the recovery show”

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Life at the tunnel face

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Calls for organ donation to shift to young

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Novartis to pay high price after US probe

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UBS announces no dividends for some time

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ABB pays dearly for alleged kickbacks

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Executive pay continues to confound

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Solar energy

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Solar boat heads into the sunset

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