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“Super” speed camera to watch over Swiss roads

This content was published on Aug 17, 2010 The Swiss-built device, due to be put into service at the end of August in Geneva, can simultaneously monitor the speed of 22 cars in four lanes, not just the normal two. It can also spot nine other driving misdemeanours. Drivers who tailgate or trespass into bus or cycle lanes, who fail to give way…

New car sales accelerate

This content was published on Aug 17, 2010 Figures from the Swiss Automobile Imports’ Association show that since the beginning of the year, a total of 16,256 more cars have been sold than in the previous period last year when sales plummeted as a result of the financial crisis. The association noted that 174,033 cars were sold since January, not quite reaching the…

Oerlikon says it is on the way to recovery

This content was published on Aug 17, 2010 It managed to almost halve its loss in the first half to SFr50 million ($47.5 million) from SFr99 million a year ago, according to figures released by the group on Tuesday. Oerlikon, which is active in the solar, vacuum and coating technologies as well as the textile industry, said it hoped to reach operational break…

Travellers told not to import plants

This content was published on Aug 16, 2010 Some plants bring with them the danger of disease and pests or are invasive, squeezing out local greenery. Others are simply forbidden because they are endangered species. It’s a problem which is well known to Markus Bünter, head of the Plant Protection Inspectorate of the Agroscope research institute, which is attached to the Federal Agriculture…

Alcon vote takes Novartis closer to buyout

This content was published on Aug 16, 2010 Major shareholders of Alcon on Monday backed five directors put forward by the Basel-based pharmaceutical giant, giving Novartis a majority on Alcon’s board of directors. The nominations will come into effect once Novartis has completed its acquisition of a 52 per cent controlling stake held by food giant Nestlé. The remaining transaction has been approved…

Swiss prices soar over EU neighbours

This content was published on Aug 16, 2010 According to an international price comparison index published by the Federal Statistics Office, buying meat, cooking oil, fish and other food items in Switzerland became significantly more expensive last year compared with what you could get for the same amount of money in neighbouring countries. It is not that goods and services in Switzerland became…

Swiss firms record solid half-year results

This content was published on Aug 16, 2010 Economists point in particular to growth in the emerging markets and rigorous cost controls for the improved results. Swiss industry has directly and indirectly been taking advantage of the recovery of its most important trading partner, Germany. The country recorded quarterly growth between April and June of 2.2 per cent, the highest increase in 20…

Cocoa price spike hits chocolate industry

This content was published on Aug 16, 2010 Cocoa prices hit a 30-year high in July and are expected to remain that way in the near future. Swiss chocolate producers are crying foul over one hedge fund that has stockpiled cocoa, helping to drive up its value. The Armajaro hedge fund is thought to have cornered some seven per cent of global cocoa…

Officials block Transocean dividend payments

This content was published on Aug 14, 2010 The commercial register of canton Zug blocked the application citing the numerous lawsuits pending against Transocean in the United States. Founded in the US, the offshore drilling contractor has been headquartered in Zug since 2008. In a company statement released on Friday, Transocean said it believed that all prerequisites for the payment plans had been…

Trade deal with China comes a step closer

This content was published on Aug 14, 2010 Doris Leuthard was speaking to journalists in Beijing after a meeting with her Chinese counterpart, Hu Jintao, and the signing of a memorandum of understanding which opens the way to talks on an FTA. “It is almost a historic day,“ a delighted Leuthard told them. Hu had said he was ready to accept the findings…

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Internal: Archive

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“Super” speed camera to watch over Swiss roads

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New car sales accelerate

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Oerlikon says it is on the way to recovery

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Travellers told not to import plants

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Alcon vote takes Novartis closer to buyout

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Swiss prices soar over EU neighbours

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Swiss firms record solid half-year results

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Cocoa price spike hits chocolate industry

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Officials block Transocean dividend payments

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Trade deal with China comes a step closer

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